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03/26/11 3:55 PM

#393 RE: bluser12 #392

Yes. I will fill you in later. Understand this first though. Though the company is not reporting as a shell, it is just about there:

Lawrence Livermore

"On February 18, 2009, the Company and Lawrence Livermore entered into an Amended License Agreement, and again amended on October 7, 2009, and again on July 22, 2010 whereby, the Company is obligated to pay minimum royalty fees of $20,000 by December 15, 2009 (for 2009, which has been deferred until December 15, 2010 by Lawrence Livermore and is included in accounts payable at December 31, 2009), $20,000 by February 28, 2010 (for 2010, which has been deferred until December 15, 2010 by Lawrence Livermore), $60,000 by February 28, 2011 (for 2011), $100,000 by February 28, 2012 (for 2012), and $250,000 by February 28, 2013 and February 28 each thereafter (for 2013 and each year thereafter)."

LightLab

"The Company on September 18, 2007 paid LightLab Imaging, LLC $50,000. This Agreement has terminated and will not be renewed as the main scanning patent licensed in this Agreement expires in 2011, before the Company intends to introduce its OCT product into the market."

University of Florida

The Company has paid the minimum fees in 2008 and the minimum royalty for 2009 originally due by December 31, 2009 has been deferred until July 31, 2011 and is in accounts payable as it is unpaid as of September 30, 2010. The Company did pay some patent fees of $123 in 2009 to the University of Florida. In addition, the first year of sale under the agreement has been amended to 2011 from 2009.

University of California – San Francisco

On August 4, 2009, the Company and The Regents of the University of California entered into an Amended License Agreement (Amendment No. 1) again on July 26, 2010 whereby milestones were updated to provide adequate time for the Company to complete development, obtain FDA clearance and transition to marketing and manufacturing
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7552584

The company tried to do a merger last summer, that ended Dec 2010
http://www.qmed.com/news/20850/lantis-laser-signs-letter-intent-merge-perio-imaging-inc

Just my opinion, but it is shell time here with roughly 60% of the outstanding held by officers. Enter Al Pietrangelo once again(refer to original sb-2(reference:Elephant Consulting Group LLC), and subsequent s-1/a.

Then go to Wyoming. Whether it is a reverse merger or change of control(or neither), I do not know, but it should be a new company, with a new direction(maybe).

The float is very small, and very playable, and the situation is very much under the radar.