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DTGoody

05/07/15 8:30 AM

#27865 RE: VONGEBOB #27859

Josh, That 10K filing doesn't have any bearing whatsoever on whether or not the FDA gives ADMD Approval.

Secondly the debt restructuring was done to clean the books up in anticipation of FDA Approval to make it easier for ADMD to get major financing which I believe is already in place upon FDA Approval.

Third it was advised from the FDA to ADMD management for them to Reclassify the device from a Class III device to a Class II device in order to get the FDA Approval. So our odds of getting this FDA Approval are Extremely High.
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Stock_Gambit

05/07/15 8:37 AM

#27868 RE: VONGEBOB #27859

Plan for the worst, hope for the best.

They have done what they can with the FDA. It's a waiting game for them too. To say that restructuring is due to not being true wouldn't be 100% accurate because they want to look better for being bought out too.

Hopefully we find out soon!