Health Discovery Corp (HDVY)

[renmanaz]

2010 shareholder letter: So I first skimmen, then read and finally studied the 2010 HDVY shareholder letter. All-in-all, a pretty impressive document and, for those of us who have been here a while, a great reminder of the potential that lies before us.

A few points: When you are a small company like HDVY and are dealing with a larger company like Quest or Abbott, you become subject to the big company's timetable. And even big companies become subject to the government...the FDA can slow anyone's progress.

When you are a big company and you are planning/expecting to displace a significant past source of your existing revenue with a better longer-term source of future revenue, you must be exceedingly careful to get everyone aboard and to be sure that you will not be harming your franchise going forward.

NDAs do require secrecy so non-disclosure agreements are a source of frustration as we try to read between the lines to get answers as to test rollouts.

Reviewing the management changes, it does appear we have assembled an even stronger team than we had a year ago.

I could go on as there is much to comment upon but, in my book, it all comes down to trust and confidence. I do not know Stephen barnhill, have never spoken with, nor met him. If this man is honest and above reproach and is leveling with his shareholders, I have absolutely no problem with riding his coattails for several more years; if he is less than trustworthy, we should all exit this company at once. I vote for the former but, again, that's just my opinion based upon subjectivity and comments of others.