Paradigm Medical Industries Inc. (PDMI)

[murdock]

Answer from Stephen Davis CEO

I asked him 2 questions about the recent stock dumping & fda aproval , this is what he said

First, the “dumping” of the stock?



Not really sure why, but there have been some conversions related to some debt consolidation. There is also some converting going on with major note holder of Paradigm. Other than those items, I too, am not sure why the volume has increased.



FDA approval for Paramax



The FDA is backlogged with submissions. The good news is, this application is a “substantially equivalent” one that usually goes through much faster…but with the FDA, it’s always “anyone’s guess!”



Regards,

Stephen





Stephen L Davis

President and CEO