If you think "FDA decision is any day now," you haven't read the 1/25/2011 shareholder letter. At that time, Davis said the FDA had asked questions that were not responded to yet. That means the FDA asked questions TWICE. Not good.
That also means the FDA needs to look at the next response before making a decision. So the FDA decision is at least 2 months away, IMO. Could be 6 months. The FDA doesn't have the ParaMax on a fast track, that's for sure. The question is, will Paradigm keep the doors open?
And if you think "FDA decision any day now" because of what some "experts" say on this message board, go back and read this message board from Dec 2009. Yes, 2009. The experts here were saying with certainty "FDA clearance any day now." Turns out the 510(k) hadn't even been submitted!
Thursday was pure manipulation, made possible by the fact that shareholders like me didn't have our new PDMID shares yet. Friday was people like me selling as soon as we got our new PDMID shares. Monday's selling was the old shareholders who weren't paying attention last week, or who didn't get their new shares until after market close Friday.
Friday, I said I'd buy back at .005. Today I'm thinking .002. When I buy back in, I'm accepting the possibility and perhaps even the inevitability of bankruptcy. I was OK with holding pre-split at .0001 because the pps just wasn't falling below that level, but I sold Friday because now there's plenty of room below.
From the volume since the split, I don't think there's any question that the O/S is much higher than 5 million. 100 mllion, is my guess. I haven't been reading the board but if anyone really knows the O/S, please repeat it. TIA
