The trading is an illusion.
The company website states "Kelvin Medical Inc. is a recently organized company that engages in the development and sale of medical devices."
There are no products and no sales. There will be no products and no sales for a year or more considering the fact that the S-1 was organized to raise the money to built the first inventory, and only if the FDA issues a 510k, and they have the money or distribution channel to sell products. The therapy market is saturated with low cost modalities at very low cost. The healthcare market is painfully struggling to keep afloat with high expenses and low insurance payments. KVMD would need $10M and a real infrastructure to earn the privilege to play in the medical device market, littles prove sales. CMS takes 2 years to establish a billing code so doctors can get reimbursed for the product. No one will be able to afford to buy it even if they wanted it! They are no where near the playing field.
The 10-Q ending 12/31/17 is due soon. Let's see what money has come in to build product. They can't even get through the FDA for the 510k without product, and that process takes 6 months!!!
Come'on people!!! Another worthless penny stock scam.
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