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[nahoma8]

I am surprised nobody started a new thread on LLBO. It had made a good run in anticipation for FDA Filings, starting wed (7/24). It looks like it is a good play.
There can be a big profit taking comingsoon, but I donot expect it before the end of July. That's just my opinion.

On 7/8/09, Lifeline Biotech (LLBO.PK) announced that its First Warning Systems subsidiary completed a Series A private placement of $125,000. The promissory notes (due in mid-2010) are convertible into common stock of First Warning Systems. LLBO.PK stated that the initial funding provides the Company with important resources needed to move forward on its expected FDA filings. LLBO.PK stated that it is preparing for another round of financing in the form of a Series B private placement of common stock for up to $1.5 million, which is expected to fund the Company through the FDA process and clearance.

LLBO.PK has in the past year filed for a patent on the recent technological advancements of the First Warning System, which has achieved the capability of identifying and classifying tissue abnormalities of the breast with sensitivities (ability to identify) of 95-100% and specificities (verify) of 87-90%. First Warning Systems has retained a firm that specializes in FDA filings to assist in the preparation of its preliminary filing with the FDA, which is expected by the end of July.

Link to the above article: FDA Calendar Updates, New Extreme Trades - BioMedReports.com


Good Luck

[Dave]

If this gets the FDA approval, what range could be the target price?


Thanks
Dave

[victoria]

Added this thread to my spec play list. Will try to submit some research when I get a chance-but just wanted to say I'm on board with this one.

Thanx

[victoria]

I was ready to pull the trigger when it started going down. It looks like they have to update financial information.

ref. http://www.marketwatch.com/story/lif...ets-2009-07-27

"
RENO, Nev., Jul 27, 2009 (BUSINESS WIRE) -- Lifeline Biotechnologies, Inc. (Pink Sheets: LLBO) today announced that it will update Pink Sheets with current information on the Company and plans to utilize Pink Sheets' Guidelines for maintaining the information on a current basis.

Jim Holmes, Lifeline's CEO said that "Lifeline's information on Pink Sheets has not been recently updated. This may take us several weeks, possibly closer to a month to complete. In particular, the financial information will be time consuming, but it will be completed as soon as possible."

I'll be watching for right entry point.

[fas917]

One think I dont understand is why thier PR has jholmes777@aol address as the main contact.

[ultimategirl63]

Still no news, but maybe this week??

[fas917]

Link



LIFELINE BIOTECHNOLOGIES FILES FIRST WARNING SYSTEM™ WITH THE FDA

Reno, NV August 3, 2009 Lifeline Biotechnologies, Inc. (Pink Sheets: LLBO) today announced that it has made its initial filing of its First Warning System™ with the Food and Drug Administration.

Jim Holmes, Lifeline’s CEO said that “through its consulting firm, Lifeline has submitted the First Warning System™ process and technology to the FDA. The purpose of this filing is to obtain the FDA’s opinion requesting a classification of this device. The opinion as to the classification is expected to determine the subsequent filing and registration required to clear the First Warning System™ for marketing in the United States. The FDA’s response is expected to take several months.”

Holmes went on to say, “this is a very exciting time for us and those that are interested in this innovative, leading edge, and disruptive technology. The First Warning System is a device and process which assists in the early detection of breast cancer, designed, developed and tested with approximately 700 women. This process has the potential of changing the way breast cancer is identified. After many years and many resources applied, we’ve moved to the important point of entering the process of clearance of this device with the FDA. The next step is expected to be obtaining clearance for market entry.”

Lifeline Biotechnologies previously received two patents on its First Warning System™ hardware and has in the past year filed for a patent on the technological advancements of the First Warning System ™ software. The software has achieved the robust capability of identifying and classifying tissue abnormalities of the breast with sensitivities (ability to identify) of 95% to 100% and specificities (verify) of 87% to 90%. Currently, it is widely recognized that mammograms miss an estimated 20 to 30% of the breast cancers.

Lifeline competes in the money markets for funds to continue the development of its products as well as supporting operating and administrative expenses. The cost of funds, for companies such as Lifeline is expensive and the terms have been, and may continue to be dilutive.

Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing, successful development of the Company’s product and regulatory and shareholder approval for anticipated actions.

For More Information, Contact:

www.lbti.comorJIM HOLMES
Email: Jholmes777@aol.com T: 775-324-1933

[usa_kant]

got in today at .0054

when are we looking to get out?

[victoria]

Excerpt from fas917's post-

"Lifeline competes in the money markets for funds to continue the development of its products as well as supporting operating and administrative expenses. The cost of funds, for companies such as Lifeline is expensive and the terms have been, and may continue to be dilutive."



What does this mean? Playing stocks for operation money, or depending on shareholder's money for operation money?

This stock is one that I am watching-but this does not sound good.

[ultimategirl63]

I think I got punked with this one.. Got in a couple of weeks ago at almost 0.2 and nothing but down since.....

hoping it goes back up soon..