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Further re: FDA Update
03 October 2023
TruSpine Technologies plc, (AQSE: TSP) the medical device company focused on the development of its pioneering "screwless," spinal (vertebral) stabilisation systems announces that, further to the announcement on 25 July 2023, the Company has received communication from the U.S. Food and Drug Administration ("FDA") in relation to its FDA 510(k) application.
The FDA has confirmed that it has completed the technical screening of the Company's submission and is seeking further clarification on certain matters, which the Board believe they can provide in the near future. The application has been placed on technical screening hold until such time the relevant information requested has been provided to the FDA. The submission can remain on hold until 25 March 2024.
CEO Laurence Strauss commented: "On behalf of the TruSpine board we are pleased to report progress with our 510(k) FDA application. Our technical team and advisers are working to provide the requisite clarifications to the FDA. I look forward to reporting on progress."
This announcement contains inside information for the purposes of the UK Market Abuse Regulation, and the Directors of the Company are responsible for the release of this announcement.
Guess that’s why BOD was selling shares yesterday for any price could scrape together
Reading between the lines , looks as thou BOD are trying to get Spartan to cough up a boat full of $ to pay off debts and try buying I P back .
This might well be a good approach if Spartan do take over the management of company and get the I P back , because the current management is garbage.
With no positive news forthcoming from BOD after L S trip to USA , there’s no wonder people are selling out and price continues to fall . So much for how new CEO is raising shareholders investment .
He likes to bleat on about how he was parachuted in to raise the stock and bring stability to company . So when’s it going to start MR Strauss(spine) ?
Maybe our 2 new NEDs can help the shareholders and get the AGM sorted ? Anyone looked at backgrounds of them ? I don’t want to cast aspersions but one of them certainly likes to get about and according to company house worked for a lot of companies out of the same address in Highbury.
So Eurosigh, from the link you posted am I right in thinking that the only current Director of Euro si is the same person who is responsible for the inventors pot of shares in trust fund ?
Are we presuming that TSP sent a pot of cash to the Director of Euro si that was never repaid ?
If so why wasn’t it repaid or is it just another bad debt that TSP prepared to write off ?
Everything that’s happened with TSP since it was born is dubious to say the least . And still we are waiting to find out if CEO even made it to the states and how he’s getting on with negotiating the I P 🤦♀️🤡🤡🤡
Well I hope you’ve cut all ties with your UK share tipster FfS lol.
You say why would a USA investor come to uk and have an input into TSP , but you could also ask why did Frank (the inventor) get involved with a tinpot company , after all he’s had so many success patents in the past why would anyone take such an inventive product to a start up company with no credentials? Non of it makes sense .
Let’s just hope Mr Strauss is on that plane to the good old USA and pops in to see the owner of I P with a suitcase full of $.And gets this company back on track , somehow I doubt it but hey ho 🤦♀️
So Eurosigh , it’s obvious from the phrases you use and the $ sign that you are an American . So how and why are you interested in this company ? You seem to know alot about the procedures needed to get TSP back on track . So do you think that if Frank (dodgy) inventor and alleged owner of I P would or could be tempted back to TSP if a monetary offer was made . It seems to me that the only hope TSP have of success is to do a deal with the owner of I P and then try for FDA .
Let’s face it if Frank hadn’t of thrown his toys out of pram and walked away with I P , then shareholders wouldn’t be in such a chaotic situation and looking at total wipeout of any value in their investment .
Also I can’t see why it took him so long to do what he did , if what the reason he gave to walk are true , then why did it take him several years of inaction ? After all he was still on payroll knowing that TSP was doing nothing and paying non of the vendors .
I guess the monthly cheque was enough to play along with the charade,or do you think he knew TSP were getting ready to cut him out of any future investment they managed to get inadvertently?
Would love to know your thoughts on this what with you being a fellow American , cheers .
The questions aren’t being asked because Alan is on TSP payroll, after all he doesn’t want to upset his paymaster .
Far has the FDA application is concerned , we all know the outcome , it’s just a matter of time before an RNS comes out stating that the FDA was rejected , due to lack of correct data .
But as PSSW stated it will be spun as positive news .
Shambles after shambles for the poor shareholders .
Https://news.sky.com/story/air-traffic-control-latest-britons-stuck-on-tarmac-abroad-amid-warning-disruption-could-last-into-the-week-12949643
My god what’s Mr Strauss done now , so he got good excuse not to go to USA 😂
Well I just spoke to Daytrade on mobile and it now appears ,I was right on my presumption of I D .After conversation in which we discussed many things including how he was mislead in the past and ill informed on the situation @TSP . He is right in what he says these crooks need sorting once and for all .Hopefully we can all work together and get a positive outcome for all shareholders . If the company needs to die to achieve that then so be it .A prison cell awaits for all those involved in this sham of a company .I know this any many other posts will be deleted come tomorrow and probably a load of posters banned . But let’s work together and bring justice for all .
Https://investors.truspine.org/investors/announcements/280422
We’ve been here before Strauss and it didn’t end well ,.Vince didn’t get his place on BOD and the amount they prepared to invest won’t cover legal costs of all the people you need to deal with to get I P sorted , especially Frank , then there’s all the people in shadows @ TSP who will want their slice . So save money on plane ticket and send a grovelling email to all those people in States that you need to compensate.