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[rocketeer357]

HDVY- up 12.5% to .18 on massive volume spike today. 2 days ago, the company settled (hopefully for good) the nefarious "note M" in an old filing which could have diluted (worst case scenario) the company to the tune of a billion shares.

From the 10-K, {Note M):

if we are unsuccessful in defending against the claims, the Company may be required, among other things, to issue approximately 146,664,375 shares to such investor, and, if all of the other investors in the 2007 Private Placement sought the same remedy, the Company may be required to issue approximately 1,099,494,872 shares in the aggregate. Issuing any significant portion of such shares of Common Stock would cause substantial dilution to existing shareholders[my emphasis

Details of the settlement:

http://www.sec.gov/Archives/edgar/data/1141788/000118811210001967/t68617_8k.htm

A/S steady at 300 million. O/S: 210,723,486

The company has deals with Abbott and Quest for its urine based prostate cancer test using the same technology that Vermillion uses. (Vermillion bought the license from HDVY)

The urine test is past the anticipated due date by some months now. Settlement of note M along with a major Quest player joining the HDVY team strongly suggest that either a buyout is in the works or the urine based test is ready to launch soon.