Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (68989)	5/18/2002 1:05:50 AM
From: LTK007	Read Replies (1) of 99280

Zeev i wonder if CBS evening news will have the courage to say they themselves were flim-flammed by ADSX. As i say, the primetime CBS news segment had all the aspects of a canned-info commercial So now the stock is halted, could well be it will never trade again,imo. <<Friday May 17, 5:01 pm Eastern Time FDA Confirms Investigation In Applied Digital's VeriChip By: Carol S. Remond, Of Dow Jones Newswires biz.yahoo.com NEW YORK -(Dow Jones)- The Food and Drug Administration late Friday confirmed that it's looking into Applied Digital Solutions Inc. (ADSX)'s implantental device called VeriChip. "This is an investigation," to determine if VeriChip is a medical device and whether it should be regulated by the FDA, said Larry Spears, director of the FDA Office of Compliance. "We received information from (Applied Digital) that this product was going to be used for identification purpose, but it's expanded beyond that to include medical use and purposes," Spears said. The Nasdaq Market halted trading in Applied Digital stock earlier Friday after a report that the FDA had stared a formal investigation into the company. Applied Digital remains halted late Friday. >>

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