RE:RE:May 2017 Offering...2.25 MillionYes TG, hopefully they do have a "bought" deal in the works or are trying to go that route to raise more capital. I am also encouraged that you say Deloitte is still assisting. Your wish might be granted for a real update if you believe Urs Gattiker.
From our LOM website; I have pasted/posted a response to a very good shareholder question (for reasons beyond me is answered by some social media guy) regarding the HT video. I have highlighted some interesting points.
Dear Jane
Thanks for your comment. I understand very well that you want to see progress and recoup your investment, of course. So do I.
For me, as a shareholder what was new were the plans that Herb outlines for 2018. I did not know these before the video was done. I find very interesting that LomMedical strives to get:
1. FDA clearance or approval hopefully by Summer/Fall 2018 (that is fast) … the European clearance will take a while longer (apparently they just take longer – as we know, c’est la vie),
2. company management in place, to enable the firm to streamline operations and realise the plans for 2018, and
3. sell product starting in late 2018
I also hope that the first 3,000 syringes are being produced pretty quick this January. Most importantly, I want the tests on a selection of these produced safety syringes to tell us that all is working according to the regulations that must be met.
This production run and subsequent tests of this industrially produced larger batch of retractable syringes is a required regulatory step. If these tests are successful and according to plan, than we are ready to submit the application to the FDA. These tests provide the necesssary data to show that our product is safe.
Only this way can we expect to get clearance. This should enable us to produce large batches of our retractable safety syringe and sell it globally.
That delays happen during Christmas Holidays is not that unusual.
So I myself am pretty confident that that within the next few weeks the company will report about another milestone that has been reached.
I hope this information is useful to you.
Thanks and please stay tuned.
Urs
Now I read his answer with a great deal of cynicism, as he uses the words “hope” and “hopefully” a lot. He does say that he is “pretty confident” some news is imminent and seems to be privy to some insider knowledge.
Some credible information flow would put shareholder and my angst at ease. When I read his response to Jane’s question, I wonder if we both watched the same video?