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I don't feel they ever stated it was going to be a medical...

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Cei

174 Posts.

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17/06/21

13:59

Post #: 53900567
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Originally posted by lexcorp: ↑

One thing that disappointed me was this sentence in their 4c.

"No FDA clearance is required for the MVP as it is not being marketed as a medical device." (Page 4 of the 4c)

We were led the believe it was going to be a medical device( the watch) and subsequently, we had a sell off

I'm not sure what's going on now with their watch launch etc and have accordingly sold down a majority of my position . The watch to me ain't much chop and the deal with inhealth also imo was a crappy deal.

I've basically lost faith being a holder here and I've been in it for around 9 years.

Fairly dissatisfied and have learnt a lot. All the best to everyone here and I'll be watching closely and may trade here and there.

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I don't feel they ever stated it was going to be a medical watch. The mobvoi partnership was about the algorithms. They've been very clear about the various products and timelines in their recent anns.

Saying there was a sell off because of this is an interpretation of the market. I personally do not agree. Seriously - today's volume amounts to $80k. That is not a sell off. It's always lightly traded and jumpy. Reading too much into it IMO.

Last edited by Cei: 17/06/21

CDX Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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Last 5.7¢		Change -0.004(6.56%)		Mkt cap ! $16.76M

Open	High	Low	Value	Volume
5.8¢	6.1¢	5.7¢	$19.15K	328.7K

Buyers (Bids)

No.	Vol.	Price($)
2	25988	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	26526	1

View Market Depth

No.	Vol.	Price($)
2	25988	0.057
1	50000	0.056
1	50000	0.055
1	50000	0.054
2	136612	0.053

Price($)	Vol.	No.
0.058	26526	1
0.061	33080	1
0.062	83300	1
0.063	130000	1
0.064	130000	1

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