PMED.OB

[runner2847]

Thanks Lucas I figured that was what it meant, but I appreciate you giving me a full explanation.

[supergeek]

Chirp, Chirp. No one here but us crickets. So quiet on a day thats pretty good so far.
Where the f is everyone?

[doyerdiligence]

tweet tweet 

just waiting it out here, slowly walking up and that is ok with me. I might pick up some more shares with some of my CNES profits today. i'm really holding to much i would have to wait for weakness before i added more. i think we see .035 before we see under .02 again.  i don't think we will dip below .02 but i will be adding if we do.

[runner2847]

Hey guys just saw this over on hotstockmarket. Its all heresay as I havent talked to this guy nor do I have anyway to confirm this is legit. That being said this guy was the first to post that Cannefax was in China and I confirmed that was true for myself by calling the company. I dont see any reason why this email wouldnt be legit as it is in line with what the lady at the company said to me about them issuing pr soon. This goes a little further than that though...

From : Ray Cannefax <r cannefax @ paradigm - medical. com>
Sent : February 27, 2006 11:57:44 AM
To : <************@hotmail.com>
Subject : RE: 2/27/2006 6:49:29 AM Comment from Webserver

| | | Inbox


Mike -
I will have a PR issued as soon as all the agreements reached in China are on paper. That will take some time, but it does not make sense to publish what I wish would take place.
I am curious where the information regarding my trip to China came from. I do not recall discussing that trip with anyone but everyone seems to know. Maybe I'm wrong in my perspective of this trip not being mentioned.
Raymond Cannefax

Notice that he says "agreements". I dont have to tell you guys the implications of any agreements being announced from China. One word would some it up...Huge.

[doyerdiligence]

yup, accumulating this will pay off as i expect us to break out of this range soon.

# of trades : pmed : 237 328 585 1350 1238 1238 81 89 119 181 170 96 131 229 205 79 103 185 248 114 14 15 41 49 20 28 54 31 15 15 10 110 161 23 20 71 30 31 44 44 40 63 12 14 14 67 13 21 14 10

PMED.OB Average Volume:
3days: 12688725 -36.4%
10d: 19946358 +43.2%
30d: 11321761 +49.5%
90d: 5715044 +37.9%
180d: 3551323

[gmarc66]

News just in: vol kicked in on news.:

Wednesday, March 01 2006 3:31 PM, EST

Paradigm Medical Completes $1.5-Million Financing

SALT LAKE CITY--(BUSINESS WIRE)--March 1, 2006-- Paradigm Medical Industries, Inc. (OTCBB: PMED.OB/PMEDW.OB) today announced it has completed the sale of $1.5 million in secured convertible notes, through Laidlaw & Co. (UK) of New York City, and an institutional investor. The notes are to purchased by the investors in three traunches of $500,000 each. Paradigm Medical received the first traunche upon signing definitive investment agreements on February 28, 2006. The Company will receive the second traunche upon the filing of a registration statement with the Securities and Exchange Commission and the third traunche upon the effectiveness of the registration.

"Additional capital is needed at this point to provide the Company will adequate funds to expand global sales and marketing programs, especially for the P60 Ultrasound BioMicroscope," said Paradigm Medical's Chief Executive Officer, Raymond P.L. Cannefax. "Moreover, we will now have adequate funds to purchase additional inventory to satisfy expected strong customer demand for all of our products."

The notes are due three years after issuance and are secured by Paradigm Medical's assets, including inventory, accounts payable and intellectual property. The notes are convertible into shares of the Company's common stock at anytime during their term. The conversion price is equal to the lesser of (a) $0.02 per share or (b) the average of the lowest intra-day trading prices during the 20 trading days immediately prior to the conversion date discounted by 40%.

Interest on the notes is payable at 8% per year, payable quarterly in cash, with six-months of interest payable up front. The notes are callable, with prepayment allowed at any time that the price of Paradigm Medical's stock is $0.10 per share or less.

In addition, Paradigm Medical is required to issue warrants to the investors to acquire an aggregate of 12 million shares of the Company's common stock, at an exercise price of $0.10 per share. The warrants will have a five-year term from the date of issuance, with cashless exercise permitted in the event there is not an effective registration statement registering the warrants.

Paradigm Medical is required to register the shares of its common stock issuable upon the conversion of the notes and the exercise of the warrants. The registration statement must be filed with the SEC within 60 days of the February 28, 2006 closing date and the effectiveness of the registration is to be within 135 days of such closing date.

Paradigm Medical Industries, Inc., currently develops, manufactures and markets high-tech, proprietary diagnostic equipment and consumable products for the medical industry. The Company's corporate offices are located at 2355 South 1070 West, Salt Lake City, Utah 84119. Call (801) 977-8970 or visit us at http://www.paradigm-medical.com.

[supergeek]

I have to admit as soon as I saw Lucas owned this last week I had to jump in. I was actually debating today whether or not to dump this with 35% profit in 4 days but I held off. I'd love to see a nice gap up in the morning after this news sinks in. I think I'm getting the hang of this "Buy Low, Sell High" system, who'da thunk it?

[Lucas Scott]

SuperG - you're going to have to call it the Reverse Catapult(R). This is the opposite of your patented Catapult(R) system. In the Reverse Catapult, the stock actually goes up after you buy it!   You're up 35% and I'm down 15%. Not fair!

It closed just a hair below the 200 dma. Maybe tomorrow it will finally get above it and hold the gain. GO PMED!!!

[doyerdiligence]

i sold some small blocks earlier in the day at .0235 incase of a pullback. But i'm still holding a great deal of this stock. This news is fantastic for the long term, hmmmm which would you rather have cornell crushers or an institutional investor.... This CEO really showing strength by everything he has been putting together in the short time he has been back with the company. I still think this will take some time to properly develop the trend, but Everything is shaping up nicely and i don't mind the wait as i'm a true accumulator and have been accumulating an increasing amount of shares since the trend showed signs of reversal. I can't imagine how many the pros were able to accumulate. I smell cheese :>

Lucas do you notice that these last few days candlesticks are very simular candles in comparison to the few days before it poped up from the .01 range. Also how long do you plan to keep capital here, Is this a swing trade for you? I'm curious as to your time frame for this baby please especially after tonights news.

[Liquid Stick]

What's the news guys? 

This news is fantastic for the long term, hmmmm which would you rather have cornell crushers or an institutional investor.... 

Certainly isn't reflected in todays candle.  But, this sure doesn't  want to close below .02.  Don't know what the news is be interesting to see how PMED reacts.  Last 3 lines evening doji star.  I would think it preferable for a Monday morning open at .02 with some selling down to .019 and then a bullish engulfing.  But, that's just me.  I'll update after tomorrows session.

LS

[doyerdiligence]

interesting 8-k none the less but damn made my head hurt so i have to head to the beach for the weekend to regather myself ;P
sadly i'll miss fridays action.... it should be good either way because i like BIG % moves and that is what is going on here.  we could just slowly continue to consolidate along the 200dma until we get some more news from the CEO, or large spikes of buying volume. I think it will be interesting to find what level the true investors playing this stock will take it to, and what level they can get the shares out for the 1.5mill
500,000 / .02 well damn fridays volume alone almost took care of that lot... if so
500,000 / .05?
* / .1?
....time will tell
warrents and all types of different shares in the 8-k filling yesterday, i mean from reading it, i got the impretion they were going to try to get back to the daq in the long run, again it is nothing like a cornell deathspiral. LONGGGGGGG and boring, anyone else have any opinions on it who read it? heh i'm too much of a beach bum to read that deep into that kind of fine print scripture. have a good weekend all

[gri64]

I didn't like PMED today 
Resistance @ 0.019 was broken... Where is next resistance - i see only near 0.014, but I'm not an expert in TA...

Do someone still holding?

[Lucas Scott]

Bounced off the 20ema/center Bollinger Band which is good. Lots of stocks in an uptrend will hit the center BB regularly during an uptrend. I wasn't happy about the high volume with a close near the low that happened yesterday though. If it closes below the center BB I will submit my refund form to Doyer for reimbursement.

[Lucas Scott]

PMED is hovering on its center BB but I'm not convinced that line will hold. Liquid Stick, what is your analysis? Hang tight or request a refund check from Doyer?

[supergeek]

weren't we supposed to get a PR this week after the trip to china? i watched my instantaneous 40% gain drop to a 10%ish gain. lets get this baby rocking again.