..And in case anyone is wondering, the GAO document found in the last post states the following:
Spectra Science was included as one of the 102 companies in the report. This shows indeed, for anyone doubting, that the GAO recognizes SCIE's sales of their WavSTAT product.
Also, SCIE has FDA approval. The major thing holding this back right now is that SCIE updated their WavStat3 to the current model WavStat4. For the most part, whenever there is a change of design, a new PMA must be submitted. They anticipated filing a new PMA back in August 2015. That's 6 months ago. The last time they had to apply for a new PMA, it took, I believe, 58 days from submission of the application to its approval. It might have been 108 days, I'll find the letter when I get a free moment. The point is, they should be close to announcing the PMA approval.
SCIE already has the initial PMA approval (which can be read in the PR from September 2009). That's the great thing with SCIE. The FDA is very aware of their presence. We're not waiting for FDA approval. We're waiting for, among other things, for the new PMA approval to be released to the public.
Again, going off of the daily chart and watching it fluctuate from .001 to .0008 to .0005 to .001 might be enjoyable to some, but in reality, that's not where the company's attention is right now. We should be receiving a number of PR's throughout this year.
Quote:For these 193 companies, we analyzed data for the 102 that reported net sales and net profits each year from 2005 through 2014
Spectra Science was included as one of the 102 companies in the report. This shows indeed, for anyone doubting, that the GAO recognizes SCIE's sales of their WavSTAT product.
Also, SCIE has FDA approval. The major thing holding this back right now is that SCIE updated their WavStat3 to the current model WavStat4. For the most part, whenever there is a change of design, a new PMA must be submitted. They anticipated filing a new PMA back in August 2015. That's 6 months ago. The last time they had to apply for a new PMA, it took, I believe, 58 days from submission of the application to its approval. It might have been 108 days, I'll find the letter when I get a free moment. The point is, they should be close to announcing the PMA approval.
SCIE already has the initial PMA approval (which can be read in the PR from September 2009). That's the great thing with SCIE. The FDA is very aware of their presence. We're not waiting for FDA approval. We're waiting for, among other things, for the new PMA approval to be released to the public.
Again, going off of the daily chart and watching it fluctuate from .001 to .0008 to .0005 to .001 might be enjoyable to some, but in reality, that's not where the company's attention is right now. We should be receiving a number of PR's throughout this year.
SpectraSCIENCE Inc. (SCIE) Stock Research Links
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
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