MFTH has the world's FIRST US patented technology to eliminate administration of incorrect medicinal substances by hypodermic needle.
THIS MEANS NO MORE ACCIDENTAL DEATH DUE TO MISTAKES OF GIVING PATIENTS THE WRONG INJECTION.
MFTH's patented technology is a medical assembly with a locking mechanism that is intended to ensure the substance cannot be released from the hypodermic needle without positive pre-matching between the substance and its intended patient.
What's unique is that MFTH's protector device has a locking mechanism that ensures substance is only released from the hypodermic needle after positive technology-based pre-matching is used with the specific patient, using barcode technology.
Using a barcode reader, the device confirms that the medication and dosage contained within a syringe are correctly intended for a medical patient. Upon electronic confirmation, the syringe locking-device opens, allowing for the administration of the syringe's contents.
THE DIRECT ANNUAL COST OF PREVENTABLE DRUG RELATED MORTALITY & MORBIDITY $177.4 BILLION!!!
The global syringe market is estimated at $5.6 billion annually!
MFTH believes the market for their product could exceed $1 billion per year!
MFTH just announced that they pre-paid two convertible promissory notes aggregating $57,000, including the interest due. The notes beared interest at 8% per annum and were due in August, 2011 and in October, 2011. The notes had conversion rights allowing the holder of the note at any time to convert all or any part of the remaining principal balance into MFTH`s common stock at a price equal to 58% of the average of the lowest three trading prices for the Common Stock during the most recent ten-day period.
MFTH began trading about a year ago at approximately $0.40 and then fell all the way down to below $0.01. MFTH has been starting to bounce big the past couple of days after their news that they paid back the two convertible promissory notes. These notes would have caused huge dilution to MFTH shareholders, which I believe is one of the main reasons MFTH fell so much and is trading so cheaply today.
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