Replies to post #2564 on Health Discovery Corp (HDVY)

[bobafett]

I did the same thing back in november, then they release a PR statement. Scott Tobin is who i called, left a message, then called the new PR company. No one contacted me, but just me calling seemed to spark the PR. Keep applying pressure to them, we need something.

I just called them 1 min ago, got voicemail and let them know about my growing concern. Keep calling if you care about your $ and your company. All we need is this getting naked shorted to death.


As always have bid support in, I know I do!

[Chance To See]

Re 510(k) Timeline

According to the latest 10Q (for Q3, submitted in mid-November):

“In February 2009, Abbott paid to us a one-time initial signing fee of $100,000. On August 7, 2009, Abbott reimbursed us $100,000 in development costs as required by the license agreement. In addition, with respect to the products subject to the license (the “Products”), Abbott will pay milestone payments to us upon achievement of the following events: $250,000 upon completion of Phases 1 and 2 as described in the FDA Submission Plan; $250,000 upon completion of Phases 3 and 4 as described in the FDA Submission Plan; $500,000 upon submission of either a 510(k) or Pre Market Approval (“PMA”) submission to the FDA; and $500,000 upon the receipt of a written notification by the FDA of the approval of the applicable 510(k) or PMA submission.”

I don't see any indication that we’ve received the $250,000 for the completion of Phases 1 and 2 (let alone Phases 3 and 4) so I wonder why we are expecting the 510(k) anytime soon. Am I missing something?