Believe IMI have done a deal with a private health fund as alluded to before. This fund is sorting a few internal things out before it is signed sealed and delivered - possibly checks with medicare, how the fee structure will work within their types of cover etc.
Shouldn't be too long now before this is fully signed off. And this will be the first of many.
Hospital trials are hapening in Europe as we speak with potential distributors for Intelliheart and Cardinal.
It's all happening - just a little slower than some of the quick buck chasers would like.
Cash flow positive in 2008 - massive re-rating will occur when this happens.
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