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Lifetime Hoan Corporation (LCUT) Message Board

rrtzrealmd 97 posts  |  Last Activity: 4 hours ago Member since: Aug 24, 2011
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  • ...DRIO subitted the application back in December, didn't they? ... the FDA says they try to get out some sort of reply within 90 days but a more realistic time frame for approval is 6 months -- last year the average was 166 days...well, here we are almost into 8 months now and still no word?...

    ..what's especially worrisome is that ihealth submitted the 510 application for their world's smallest glucometer with strips that cost SEVENTY FIVE per cent LESS than other glucometers in December as well...and guess what!...they got THEIR approval on May 22, 2014...that was TWO MONTHS ago!...

    ...given that the ihealth device looks a lot like the dario but is obviously VASTLY SUPERIOR, as well as the fact that it's backed by Andon Health, Ltd -- "the world's leading home health product manufacturer" -- might cause shareholders to wonder whether they're being left behind in the dirt...

    ...wouldn't it be nice for DRIO to assuage their fear by explaining the delay?...

  • Reply to

    A new 52 week low???

    by rrtzrealmd Jul 22, 2014 7:55 PM
    rrtzrealmd rrtzrealmd 5 hours ago Flag

    ...HAW!!...I love it when someone tries to blame me for their precious stock falling...like I'm the one responsible for the steady slide from $3 a share two YEARS ago to the NEW ALL TIME LOW today!...of course, the company GIVING away those 5 MILLION shares and warrants last month couldn't possibly have anything to do with the stock dropping like a rock the past month, could it?...oh, nooooo...of course not!...HAW!!!...

    ...well, guess what!...ANOTHER "adjustment" period begins in August and if the stock averages less than 89 CENTS for twenty days, then the company has to issue yet ANOTHER bundle of FREE stock and warrants!!...ain't Wall Street wunderful?...

  • ...the level of ignorance regarding statistics and experimental design among investors is astounding...oh, look, a 33% in DFS...hurrah, hurrah!...ell, first consider that the control was DOING NOTHING AT ALL...gee, something is better than nothing by a whopping 33% -- I'm sooooooo impressed...

    ...and then there's that stinkin' disease free survival...that is essentially a MEANINGLESS statistic because it ignores everything else...what SHOULD be used is relapse free survival-- defined as the time to the first relapse or death from ANY cause, not including second primaries or other cancers...RFS takes into account other factors sensitive to a treatment's effect -- e.g.. therapy may have adverse effects beyond second primaries, such as heart failure, for example...

    ...but doing that would make biotech more honest and we wouldn't want that now, would we?...

  • rrtzrealmd by rrtzrealmd Jul 22, 2014 7:55 PM Flag

    Congratulations!! A bigger, fresh from the source, stinkin' pile of dog manure never deserved it more!...and don't forget that if it averages less than 89 cents for the twenty days starting August 18, then the company will have to issue yet ANOTHER slew of FREE stock and warrants -- see previous posts or 8-k filings...and just think!...it could go on FOREVER -- or until the stock hits zero!...ain't the stock market grand!...

  • rrtzrealmd rrtzrealmd Jul 21, 2014 8:54 PM Flag

    "Institutionals...are not selling."? How do you know? Judging from the chart, SOMEBODY is certainly selling.

  • Reply to

    Dr. Mann's Age is a Non Issue

    by akemp3000 Jul 21, 2014 8:25 PM
    rrtzrealmd rrtzrealmd Jul 21, 2014 8:32 PM Flag

    ...well, actually it is...the day he kneels over the stock'll probably jump 25%...

  • Reply to

    regarding patent.. rrtzrealmd..

    by triple2sss1 Jul 18, 2014 3:25 PM
    rrtzrealmd rrtzrealmd Jul 21, 2014 9:55 AM Flag

    ...:"fda granted exclusive marketing rights"???...what on earth are you talking about?...since when did the FDA start granting "exclusive marketing rights" for medical devices?...no, the FDA grants approval for marketing of medical devices -- okay?...something which Sandoz and ihealth both ALREADY HAVE, but which dario -- the last time I looked -- DOESN'T...

    ...and, no, the FDA could care less about patent infringement...what has any of this got to to do with DRIO?...

    ...are you so desperate for an argument to buy the stock that you're trying to argue the potential value of future claims for infringement on a patent that's pending?...well, that's a new one on me...I think I would wait until DRIO management offers some insight about how THEY view any patent issues...

    ...I notice that even though the ihealth device has been on the market for two months now and looks remarkably like dario, DRIO's management hasn't offered any commentary about how it affects the company's prospects -- especially the issue of those 75% CHEAPER ihealth strips...do they think maybe if they ignore it, it'll just go away?...

  • rrtzrealmd rrtzrealmd Jul 21, 2014 9:37 AM Flag

    "will these people will rather choose dario or CGM"?...that's easy !...NEITHER!...they'll choose the ihealth device because the strips cost 75% LESS than dario's...not to mention the added COST of the special lancets that are required for the dario...

    ...and I was pointing to CGM primarily as yet one more example of how ANTIQUE the dario is...the thing is practically moldy!...

  • rrtzrealmd by rrtzrealmd Jul 19, 2014 1:31 PM Flag

    Looking at some of the comments on youtube dario videos, one lady said, "what an absolute nightmare if you forget your phone!" Amen to that!

    Someone else pointed out how you not only have to use dario test strips, but lancets as well, since they're designed specicifically to work with that case an added expense?

    I'm not seeing a lot of enthusiasm for dario, ya'know?

    Someone else also put up a video about Google's contact lens glucose monitor -- cool!

    I'm telling you, dario's so antiquated it's a wonder that DRIO is actually trying to sell the thing. Of course, if they didn't try, they wouldn't have any reason to sell stock, would they?

  • Reply to

    regarding patent.. rrtzrealmd..

    by triple2sss1 Jul 18, 2014 3:25 PM
    rrtzrealmd rrtzrealmd Jul 19, 2014 1:14 PM Flag

    ..."seem like u dont understand" that ihealth is ALREADY approved and ALREADY on the market...if DRIO's got a worthwhile patent, then one might reasonably expect them to speak up and say so...but have they done that?...nowhere that I can find...so while YOU are sitting around WAITING for dario's patent application and WAITING for dario's FDA approval, ihealth is going to be out HAMMERING the market with its test strips that cost ONE QUARTER of the price of most other strips...have fun!...

  • rrtzrealmd by rrtzrealmd Jul 18, 2014 7:40 PM Flag

    I saw a PR announcing someoen named "Mikael Salo" had been appointed "Veteran Sales Manager for Scandinavia."...ostensibly he was "to establish new Nordic headquarters in Helsinki"...

    ...then I looked at his linkedin page where it says that his current employment is:

    "Counselor for intellectually disabled children and youth at Esperi Oy Narikka
    Founder and Manager at LinkedIn's Olympus Alumni Group"

    ...it then says his PAST employment included:

    "Managing Director, Nordic Countries at Labstyle Innovations- Dario June 2013 – December 2013 (7 months) Helsinki, Finland"

    ...so he went from being "managing director" for Nordic distribution of darios to being a "counselor for intellectually disabled children"...I dunno but somehow that just seems so...sooo...soooooo...APPROPRIATE!...HAW!...he shoulda got a job counseling "intellectuallly disabled" biotech investors -- he woulda been FLOODED with customers!...HAW!...

    ...in any case, since DRIO doesn't appear to have replaced him, can investors assume its "ixnay" on the Helsinki headquarters and that they've written off the "Nordic" market?....

  • Reply to

    regarding patent.. rrtzrealmd..

    by triple2sss1 Jul 18, 2014 3:25 PM
    rrtzrealmd rrtzrealmd Jul 18, 2014 7:10 PM Flag

    ...all I know is that ihealth's device looks like dario, is already FDA approved and is already on the market...that was since about 1-2 months ago...since then I haven't seen any comments from DRIO about any patent issues...since that device obviously humilates dario -- and practically every other glucometer if the price of a strip actually is only about 20 cents each -- then I would presume Labstyle management knows about it...Labstyle's failure to comment seems pretty obviously a declaration of no patent infringement...that, in turn, means Labstyle's patents are worth about as much as Labstyle itsef -- i.e. ZERO.

  • Reply to

    rrtzrealmd.. seek for your advice

    by triple2sss1 Jul 18, 2014 3:50 PM
    rrtzrealmd rrtzrealmd Jul 18, 2014 7:00 PM Flag

    "...labstyle is one of the worst company in the world?"...oh, definitely!...it and ORMP and a several other Israeli companies that I've stumbled across recently are definitely vying for "Stinkin' Heap of Fresh Dog Manure" award...

    ..."very good result of dario soft launch"???...what very good "result"?...per the 10Q for quarter ending in March, revenues were ZERO, and I haven't seen them announce any revenue or profit projections...and none of the announcements about distrbutor deals mentions any actual silver crossing palms...until I see 10Qs with REAL numbers on them, announcements about distributors or reimbursement approvals are just smoke and mirrors designed to sell stock to naive investors...

    ...as far as I'm concerned, the thing is antiquated compared to what's already available, offers stuff that diabetics don't care about, isn't cost competitive according to the numbers presented on some of the distributors websites, etc, etc...

    ...cap all that by by the fact that continuous glucose monitoring is the next "big thing"...even AAPL is working on a non-invasive one...the Chinese are bringing one to market...and Medtronic now offers a combination CGM/insulin pump...etc, etc...

    ...dario is ancient history...it actually went out of business maybe five years ago, but just hasn't realized it -- kinda like buggy whip manufacturers a century ago...or more likely Labstyle did realize it and that's why they decided to do an IPO before everyone else figured it out as well...

  • Reply to

    A "toxic" private placement?

    by rrtzrealmd Jul 17, 2014 2:05 AM
    rrtzrealmd rrtzrealmd Jul 18, 2014 9:30 AM Flag

    ...here's the rest:

    "A registration statement registering only the Shares and the Warrants Shares for public resale was declared effective on June 3, 2014, thus triggering the commencement of the Adjustment Period. In accordance with the Securities Purchase Agreement, because the Adjustment Price ($0.89, as calculated above) was less than the price per share in the Offering ($1.88), on July 3, 2014, the Company issued an aggregate of 2,484,416 unregistered Adjustment Shares to the Buyers. In addition, pursuant to the terms of the Warrants and as a result of the issuance of the Adjustment Shares, the exercise price of the Warrants was reduced to $0.89 per share and the number of Warrant Shares was increased by an aggregate of 2,746,688 shares of Common Stock (the “Additional Warrant Shares”). Since the Adjustment Shares were not freely tradable when issued, the Company may be required to issue further additional Adjustment Shares if the Adjustment Price is less than $0.89 per share following a second Adjustment Period which will commence on the earlier to occur of August 18, 2014 or the date when a registration statement covering the resale of the Adjustment Shares and Additional Warrant Shares is declared effective by the SEC."

    The only thing I see that I may have misinterpreted was that for the upcoming adjustment period, the stock needs to stay above 89 CENTS in order to avoid having to issue more FREE stock and MORE free warrants.

    Still translates into potentially INFINITE dilution as long as the stock keeps dropping.

  • Reply to

    A "toxic" private placement?

    by rrtzrealmd Jul 17, 2014 2:05 AM
    rrtzrealmd rrtzrealmd Jul 18, 2014 9:25 AM Flag

    "Somewhat more"??? Well, if you wanted the whole thing you could've just said so...here's the first part:

    "On February 12, 2014, LabStyle Innovations Corp...entered into a definitive Securities Purchase Agreement (the “Securities Purchase Agreement”) with certain institutional and accredited investors (the “Buyers”) to raise approximately $4.19 million in gross proceeds in a private placement offering (the “Offering”) of consisting of an aggregate of (i) 2,226,956 shares (the “Shares”) of the Company’s common stock (the “Common Stock”) and warrants (the “Warrants”) to purchase an aggregate of 1,670,216 shares of Common Stock (the “Warrant Shares”). The Offering closed on February 18, 2014.

    Pursuant to the terms of the Securities Purchase Agreement, the Company is potentially required to issue additional shares of Common Stock (the “Adjustment Shares”) at a specified time to the Buyers in the event that the price per share of Common Stock in the Offering ($1.88) is greater than the price per share of the Common Stock, calculated as 90% of the average of the ten (10) lowest volume weighted prices of the Common Stock (the “Adjustment Price”) during the twenty (20) trading day period (the “Adjustment Period”) starting immediately following the earlier of the date on which the Shares, Warrants Shares and Adjustment Shares have been registered for resale with the Securities and Exchange Commission (“SEC”) or are able to be sold without restriction under Rule 144 under the Securities Act, of 1933, as amended; provided, that, subject to the terms and conditions of the Securities Purchase Agreement, the Company may be required to issue further additional Adjustment Shares at one or more additional specified times if the Adjustment Shares are not freely tradable for certain specified minimum periods."

  • Reply to

    A "toxic" private placement?

    by rrtzrealmd Jul 17, 2014 2:05 AM
    rrtzrealmd rrtzrealmd Jul 17, 2014 12:08 PM Flag

    "raise a modest amount of additional money"???...uhhh, hello!...did you read it?...they GAVE AWAY 2.5 MILLION shares of stock AND they also GAVE AWAY 2.5 MILLION warrants AND they reduced the warrant exercise price to 89 CENTS...DRIO did not collect ONE DIME in the transaction...

    ...NOT ONLY THAT, but DRIO will have to repeat this process OVER AND OVER as long as the stock price is below $1.88...in other words there is potentially INFINITE dilution!...somehow I don't think INFINITE DILUTION has been "factored" into the stock price...

  • From the July 10 8-K:

    "On February 12, 2014, LabStyle Innovations Corp...entered into a definitive Securities Purchase Agreement...to raise approximately $4.19 million...in a private placement offering...2,226,956 shares...and warrants... to purchase an aggregate of 1,670,216 shares of Common Stock...

    ...the Company is potentially required to issue additional shares...to the Buyers in the event that the price per share...in the Offering ($1.88) is greater than the price per share of the Common Stock, calculated as 90% of the average of the ten (10) lowest volume weighted prices of the Common Stock ...during the twenty (20) trading day period...starting immediately following the earlier of the date on which the Shares, Warrants Shares and Adjustment Shares have been registered for resale with the Securities and Exchange Commission (“SEC”) or are able to be sold without restriction...

    ...A registration statement was declared effective on June 3, 2014...because the Adjustment Price ($0.89, as calculated above) was less than the price per share in the Offering ($1.88), on July 3, 2014, the Company issued an aggregate of 2,484,416 unregistered Adjustment Shares... the exercise price of the Warrants was reduced to $0.89 per share and the number of Warrant Shares was increased by an aggregate of 2,746,688 shares..."

    And apparently this can go on ad infinitum as long as the stock price keeps falling! Well, issuing 5 million shares is likely to help it go up, is it?

  • rrtzrealmd by rrtzrealmd Jul 17, 2014 1:47 AM Flag

    Someone posted ealier about Kaplan being nrought on board for "his expertise in clinical trials data management"...yeah, right!...but I guess it's just a coincidence that both Fuerst and Kaplan are on the "executive team" of Medivizor -- a company that seeks to "Improve the lives of people with serious or chronic medical conditions and of those who care for them"...and get stinkin' rich while doing it -- right?...Fuerst is the "chairman," and Kaplan is the "chief medical officer"...so when's the IPO I wonder!

    ...in any case, most likely Fuerst brought Kaplan on just to give his "buddy" a spot at the shareholder equity "trough"...not to mention, it no doubt helps reduce the likelihood of dissension by anyone looking to force the company to actually do something for shareholders!...

  • rrtzrealmd by rrtzrealmd Jul 16, 2014 11:50 PM Flag

    "This prospectus relates to the offering and resale by the selling stockholders identified herein of up to 20,982,902 shares of our common stock, par value $0.0001 per share. These shares were privately issued to the selling stockholders on August 29, 2013 in exchange for shares of Intra-Cellular Therapies, Inc., a Delaware corporation, which is now our wholly-owned subsidiary and which has assumed the name ITI, Inc. We will not receive any proceeds from the sale of these shares by the selling stockholders."

    I am soooooooooooooo surprised!...HAW!...

  • Reply to

    this company sure is quiet,

    by johnnybgood270 Jul 15, 2014 7:10 PM
    rrtzrealmd rrtzrealmd Jul 15, 2014 7:56 PM Flag

    ..."Guess their working real hard?"????...oh, wait a minute!!...I can't let that go by!......hold on a second!.........gotta pull myself together!...okay, okay!!...here it is:

    HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW!!!!!!!

    ...aw, man!...looks like I gotta run and change my depends!!...HAW!

LCUT
16.74+0.13(+0.78%)Jul 23 3:59 PMEDT

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