Computerized Thermal Imaging CIO (formerly COII) Message Board

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Microcap & Penny Stocks : Computerized Thermal Imaging CIO (formerly COII)

CIO 6.955

0.0%

2:32 PM EST

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To: chirodoc who wrote (289)	5/8/1998 9:41:00 AM
From: Gwolf	Read Replies (1) of 6039

Timetables... Fully reporting should be in the next 30-60 days, this is completely dependent on the SEC however. The SEC can ask questions as many times as they want and the company has to respond. Based on past history however 30-60 should be about right. The trials have to be completed and then submitted for final approval. It can take 6-18 months for approval. Because this technology is being submitted for screening approval instead of diagnostic approval, we could be looking at a shorter time frame. If the company can rally public opinion to bear on the FDA to expedite the process we could possibly see approval in 2-6 months after the trials are completed, but that is simply a guess. The FDA could approve it very quickly or drag their heels, they are a government agency after all. Don't forget that the company can make sales of the technology to foreign buyers at any time, this doesn't require any approvals on anyones part. It does require capital to be able to produce the equipment however. The company needs the Ambient Capital money to be able to do that however. Before they can tap into that money they need to be fully reporting to draw down the money, so right now the fully reporting status is the next important step to look at. I know that as shareholders we want all of this to happen right now but just remember Rome wasn't built in a day. Gwolf

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