Health Discovery Corporation (CE) (HDVY) News

I sincerely believe everyone is looking too deep for different reasons. Look at what HDC had said referencing the ending of the Texas case involving Intel. HDC "agreed" to the $2.25 million dollar settlement. The logic in their clear words lead straight to the point that although Intel said they may have used our technology it was up to HDC's attorneys to find the evidence to support HDC's claims. So if that could not be produced in the discovery phase things would not work out like we wanted.

No need to bring Mr. Fromholzer into these discussions as I believe I have proved that he was simply wishing HDC good luck. I mean look at his words and when have we ever been successful at developing any product in our past We have 21 years of proving exactly the opposite!

I tend to agree with you that George would not have settled for such a low sum. Remember, he extracted over $6 million from Neogenomics for far less infringement (ostensibly). However, it is still not a foregone conclusion that we will never recoup any of our investment. JMHO.

I feel bad for all the investors who put in money for the re-file. George would’ve never settled for this ridiculous settlement.

Digdeeper17, I really wouldn't know beyond what I have already said. However, I do recall one item from HDC's rebuttal to certain Vennwest assertions in that court case (after it was re-started), a statement to the effect that Mr. McGovern could have claimed private ownership of the patents (meaning that he had the right), but instead loaned his money to HDC. One could assume that this was to avoid hurting the shareholders. If Colleen and Ed follow in George's footsteps, it could then be assumed that they would want to protect the shareholders (many of whom are family and friends).
Regardless, I was aware of a certain danger of HDC's IP falling into private hands in the event of a worst case scenario, but I don't think that we are there yet.
Thank you for your thoughts on this.

Pppsssst ... That loan was paid for by Neogenomics $$$ in 2019 ...
But was the 2022 loan under the same conditions i see mbmoney and i discussing in 2022 repaid ?? ( post 16782 ) 8k on March 24, 2022
Not if the 2 mill went to lawyers and the people the company owed (based on Marty's letter ) ...
I could be wrong .. but if not ..
Mic drop

Thorough, thoughtful, well-reasoned and on point Chazzy (AKA Dugdeeper).

Digdeeper17, with all due respect, I was aware of the loan terms from several years ago which did stipulate that, in the event of bankruptcy, Mr. McGovern would receive as compensation for his loan, HDC's IP. Your theory, unless I misunderstood, is that HDC has been dissolved and is now defunct, thus the patent portfolio goes to the heirs of George H. McGovern, namely Colleen Hutchinson. I now posit a different perspective which would dispute that theory.
First, the referenced loan to HDC by Mr. McGovern did stipulate that, if the loan could not be repaid and the company filed for bankruptcy, he would receive as just compensation the patent portfolio of HDC. However, if my memory serves me, that loan was repaid in full when NeoGenomics settled with HDC for a sum of around $6.6 million. This happened just prior to HDC suing Intel, and is in fact where the money to sue Intel came from. Now, with McGovern's loan having been repaid in full, the "bankruptcy" clause contained within that loan document which stated that HDC's IP would revert to McGovern in the event of bankruptcy, should no longer apply or be relevant today, as that loan has been satisfied. Besides, HDC has NOT declared bankruptcy as evidenced by the fact that they are still filing docs with the SEC, even though they did admit to their accounting firm that they "may not" be able to continue as "a going concern." Somebody please correct me if I am wrong, but this accurately describes my understanding of these events.
Furthermore, I would assume that, should HDC declare bankruptcy in the future, all of HDC's assets (and those patents are the company's only asset) would be distributed according to the articles of incorporation which should be on file for anyone to read. If those articles stipulate that, in the event of bankruptcy, the patent portfolio falls into private hands, then you would be correct, sir. But we are not there yet, and I believe that the company's Board is making every effort to prevent that from happrning. JMHO.

What Chazzy is saying is that he still hasnt read the loan agreement ive harped on for over a year ...
There is a clear path to the ownership of the Patents in a bankruptcy situation ...
A conspiracy view of the situation makes it all make perfect sense..
But we will see how it all plays out ..

Buylow2, I was beginning to think that, given the accounting firm's resignation, HDC was at the end of their rope. However, I will give this a little more time to see what they may come up with to salvage this. After all, the family and friends of GHM represent millions upon millions of shares, which I am sure they don't want to see expire worthless. Thus, the motivation to save this company should be there for them if not for us.

Hey Chaz, we are running out of tooth fairy reasons for stock to exist.

LocWolf, I don't think that Colleen and Venning ever "held hands" (as you put it). What I do think is that Laurie Venning (CEO of Vennwest Global Technologies) has wanted to take over and run HDC for a long time, and he has the big bucks, personnel, and legal resources to do it. If HDC is on the verge of bankruptcy, perhaps a deal with Venning, as unpleasant as that may seem to Colleen, may just be the only way for HDC to survive. Otherwise, the stock, coupled with HDC's IP, would likely become worthless. Even worse for shareholders, is that in such a scenario the stock could become worthless (due to HDC filing bankruptcy), but their most valuable asset, the IP, could fall into private hands.
On the other hand, when a company files for bankruptcy, they have to disclose all of their assets, so I am not sure how the value of their IP would factor into the equation for shareholders.

I'm happy to be able to find a few things good or bad so investors can gain something as to news.

I just don't see any light but yes HDC should have been out of money long ago. As for the the auditors? I just think they are done messing with HDC and want a clean break.

One other area would possibly raise a few eyebrows is before (if I recall) OTC/SEC sacking HDC letters between them are offered however, with the clean break involving HDC's past Auditors could the Expert market protect any knowledge leaks on bankruptcy proceedings. Another area kinda has me shaking my head is why/reason Colleen produced the 8-K.

Is HDC getting ready to go private or what?

All this just unreal wouldn't you agree?...BTW I still wonder if Vennwest and Colleen are holding hands?

Thanks for that update, LocWolf!

So much for the 10-k everyone hoped for.......

https://www.sec.gov/ix?doc=/Archives/edgar/data/1141788/000168316824004024/health_8k.htm

Item 4.01 Changes in Registrant’s Certifying Accountant.

On May 31, 2024, the Board of Directors received notice from Frazier & Deeter, LLC (“Frazier & Deeter”), the independent registered public accounting firm of Health Discovery Corporation (the “Company”), that they were resigning as the Company’s registered accounting firm effective immediately.

The reports of Frazier & Deeter on the financial statements of the Company for the fiscal year ended December 31, 2020, did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except the opinion included an explanatory paragraph referring to the Company’s ability to continue as a going concern.

During the Company’s two most recent fiscal years and through the date of this Current Report on Form 8-K (i) there were no disagreements with Frazier & Deeter on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to Frazier & Deeter’s satisfaction, would have caused Frazier & Deeter to make reference to the subject matter in connection with their reports on the Company’s financial statements for such years; and (ii) there were no reportable events, within the meaning set forth in Item 304(a)(1)(v) of Regulation S-K.

The Company provided a copy of the foregoing disclosures to Frazier & Deeter prior to the date of the filing of this Current Report on Form 8-K (this “Report”) and requested that Frazier & Deeter furnish it with a letter addressed to the U.S. Securities and Exchange Commission stating whether it agrees with the above statements and, if it does not agree, the respects in which it does not agree.

The full board of directors acts as an audit committee and will be provided a copy of the 8k filing.

😡Unreal...one document filed which Robert J. Kaufman who represents Vennwest is taking leave of absence from the practice of law July 27, 2024, through and including August 20, 2024. The purpose of the leave is for a personal matter. I respectfully request that the above-referenced case not be calendared during these periods of absence.

What a F'ing joke all this crap is. What the hell, we haven't seen any court documents for how long and now this crap!😡

Charles...I just now checked out HDC and could not find anything new in all my travels in the past 15 minutes, Another sorry a$$ week waiting on HDC to get off the crapper.

Sounds good! Thanks LocWolf!

Hello Charles, I will check PACER etc this Friday and report.

Buylow2, now that you put it that way, I probably would pick up a few million shares, with virtually no downside risk, just to have my name in the pot. I truly hope that this long wait will be over soon, and that the wait will not have been in vain. GLTA!

Hey Charles u wouldn’t pay basically zero for more shares. ? lol

LocWolf, I am glad that you explained about the "surgical stuff" as I was having some difficulty following your previous post. I do get the frustration, however, and frankly, if I were a new investor and could buy shares of HDVY, I don't think I would at this time. Neither am I dumping all of my shares. I am waiting for closure in some form. Again, you may be right in your fatalistic prognosis of HDC's chances of survival, however, I believe that there is still a chance that our patient, who is on life support, may actually pull through in the end. We will just have to wait for confirmation, one way or the other, which I believe will come soon.

Charles, still dealing with surgical stuff so trying to understand what the heck I wrote won't be easy, maybe later.

Charles if one could see themselves investing in HDC in just before losing our CEO it would seem hope just might be around the corner. Now go back through 20 plus year of HDC history and then make another comment on the future of any payment. As for a company there is absolutely nothing and with that I see whoever is/was in charge is clearly adding unneeded pain to deep injuries we all have. Take any comment form any 8-k and tell me just what is so positive except we as shareholders are still doing what we have done best involving HDC for over 21plus years which is wait, wait and wait for what? When do investors stop moving the goal post of a football team that doesn't show up for work nor has any one managing the team? Also it seems the owner of the team could careless for his does he/she. Clearly our history pretty more says it all.

As for the SEC- OTC-MARKET to remove us from the expert market it may not have happened due to the massive thousand of companies they must work with. At least by keeping us in this environment they know where we are at and if HDC actually wanted to go pink again would it be to there advantage? MOST LIKELY not because if probably don't plan on doing any foot work involving any type of filing and will let their attorneys handle all the work that they should be doing.
Look who in the world within HDC REALLY WANTS TO MESS WITH THIS IF YOU WERE NOT FORCED. as for any shares to be worth anything I just don't see it and it looks like HDC feels the same.

It takes lifting of a small finger to say HDC is still breathing and we don't see that but what we do see is shareholder still willing to move the goal post of a football team that doesn't even show up to the ball field. May be the coach and the players are in the locker room getting drunk since the owner is buying.

Hi Chazzy,

It is odd that we're still eligible for trading on the Expert Market. After the communists deposed the tsar in Russia, the bonds issued under the tsar's regime still traded, for a few pennies each, for decades. I hope that's not what's happening here - a few dealers making long odds bets, "just in case."

From the line in Simon and Garfunkel's song Hazy Shade of Winter, "Hang onto your hopes my friend..."

Buylow2, you are incorrect. "The Expert Market is a market tier that serves broker-dealer pricing and best execution needs in securities that are restricted from public quoting or trading. In the Expert Market, quotations are restricted from public viewing, and only broker-dealers and professional or sophisticated investors are allowed to view quotations or trade in Expert Market securities."

Hey Chaz, unfortunately your wrong insiders can’t buy either, no one can.

Buylow2, when I go to my brokerage account and look at the posted stock price for HDVY, there is a footnote beside the price. When I read the footnote, it says, "The price listed may not be the actual price." What do you suppose that means? It means that the price listed in your brokerage account is the price for you, only if you are selling. It is not the price for insiders who may be buying. As I have stated many times, I don't believe that this is over yet, and I would expect that many shareholders will be quite surprised when this turns out to be the case. Do I have proof? Unfortunately, I can't offer that.

Hey Chaz, with all due respect look at stock price, unfortunately it knows.

Really, How can you be so sure?

It seems clear that next month will be 1 year since losing our CEO. If there was something positive to say it would have transpired by now.

LocWolf, just take whatever I say with a grain of salt. After all, what do I know that we all don't already know? Will HDC, like the fabled Phoenix, rise from the ashes and fly again? At this point, your guess is as good as mine. Being a diehard Romantic, I choose to remain hopeful until I get a "Dear John" letter, or until I catch her with another man. Then I will know that it's over. But until then.....the verdict is still out.

I love what you post but what evidence do we have of ever having any true licensing agreement? NEO was BS plus we gave NEO our "patent portfolio" not just 1 patent. We all believe that Intel was able to go around us. Also we felt long ago that NEO found a way around HDC too!

Maybe not but I gather you two are now somewhat thinking that Colleen will never become that involved with HDC, however maybe I'm all wet. I'm not one to be able to explain myself in a clear way you both know from all the years how much I followed and needed this investment to pay off and pan out involving several personal reason but when I seen what Mr. Fromholzer posted within that 8-K it was clear (at least with me) that he had no clue and was posting a good luck good bye message that would not even be questioned by the SEC but seen as typical words or hopefulness yet nothing more. Again it is probably becoming clear to some what I have said referencing Colleen yet we all honestly hope that is wrong and that she will follow through and appoint a CEO of some sort that will work for free like Kevin Kowbel did in which I sincerely believe there was more than what meets the eye especially involving Vennwest and BQ. There seemed to be something between the three parties beyond them not wanting to go after NEO or Intel that McGovern seen since 2007. Now with a totally broken down company, zero money we expect the clouds to open and have a real live CEO work for free after over 100 patents flew out the window where as most patents in there 18th year become basically done. Sure who really wants to come in for free and try their luck. We have over 20 years watching and hoping and now that the company has absolutely nothing we expect or hope to see this rise from the grave.

It is clear we can't even get 1 whisper out of colleen yet some of us feel or hope around the next corner she will? I sincerely believe this is nothing but a damn head ache so hope that Vennwest might want the company structure and not what Vennwest can do for HDC but rather could Vennwest "spin part" of his business into a public trading division not have him help raise HDC from the grave but HDC to wash their hands of this mess.
Sorry I just spit all this out.(as usual.) Is it cheaper to IPO a small sector of Vennwest $12- $18 million or try to get Colleen to accept a lower offer?

Excellent points, Zenos! Time is of the essence as the clock is running out on HDC's patent for "recursive feature elimination method using support vector machines." What HDC desperately needs now is an expert in the field as CEO who can get new licenses signed while HDC still has a monopoly on this one of a kind patent.

>>>I also mentioned is it possible that Vennwest/HDC are working on a buyout

Zenos...as I explained/talked with Charles I don't believe Colleen has to lift a finger to talk with us or explain anything. In time we may hear something from the court system or see something over on the OTC market website. Generally speaking we would hear/see some type of filing long before we would see something at the Georgia Incorporation Office. As for most of us that try to keep up with this investment it is without saying that HDC should have been thrown out of the so called "Expert Market" by now which again has me shaking my head. As you know it seems no matter where HDC exists at it should be in the history of "Ripley's Believe It Or Not"

I also mentioned is it possible that Vennwest/HDC are working on a buyout to use HDC? Could Laurie spin part of his private sector into HDC. That way Colleen can make a clean break? (my thoughts) since I doubt she wishes to even be involved in this corporation or what is left of it. I'm truly trouble with the lack of words/filing of some sort from Colleen/HDC but now I'm really looking at the ceiling wondering why the Georgia court "PACER" hasn't a FOLLOW UP filing by now?

Again......I just checked PACER referencing HDC/Vennwest, as I stated prior last document (that can be seen) was #95 filed on 2/13/24 and nothing further yet something was entered/filed on 3/21/24 but not accessible. I have absolutely no clear thoughts either way about that.

Also nothing new at the Georgia Corporations office.

Charles has a great post over on Yahoo well worth reading 👍️👍️👍️

I was involved in this a very long time ago. Not clear what they exactly own today and most importantly, costs real money to defend IP. I would be surprised if there wasn't funny business here and the IP was taken by former execs for virtually nothing. I don't have the time but someone should file a motion for receivership.

We know that there is no office space, no working web page, no phone, nobody responding to email, no secratery etc. If I had to make a bet there is currently NOBODY left at all to represent HDC. So If Intel didn't write a separate acquisition contract for HDC (to gain SVM patent) in addition to the initial $2.25 million we will just watch this become defunct. I don't see anything in between like relisting panning out. It's either a cigar or an egg.

Buylow2, granted, we do not have a replacement CEO as of yet, however, there are still "decision makers" at the helm of HDC. They would, in fact, be responsible for the hiring of a new CEO. I refer to these decision makers as "management."

Hey Charles, there is no management

As always, thanks for contributing your thoughts, LocWolf. If this investment ultimately goes south, I will be disappointed but not devastated, because I never invest more than I can afford to lose. However, I'm not counting this one out yet, as I think there is still more to come. Good luck to ya!

Charles...yes that is a thought but it is hard for me to dream about something as such. Many reasons of clear true negativity reasons verses true hope but hope is all we have.

I believe probably a good point is the fact that HDC Inventors are long gone and no longer having patents issued to HDC. now of course Weston is into deep AI patents with Google and or Microsoft but haven't check lately. Now Guyon seems to be happy patenting things referencing purses etc so it seems to me zero future seen by many things on the outskirts of HDC that were once close to HDC's heart.

Charles just got a phone call will continue message later

LocWolf, I would like to respond to one point you have made, which is that the expiration date on HDC's primary patent is arriving sometime next year (2025). I agree that no one "in his right mind" would want to buy HDC solely for the IP at this late stage of the game. However, IF HDC were to hire an expert in the field to take over managing the company, this expert may be able to develop and patent new products utilizing HDC's patented technology. This expert in the field could then proceed to market HDC's new products. At that point, it really wouldn't matter so much when those underlying patents expire, because clients would at that point be using HDC's new products (products possibly related to molecular diagnostics/testing), ostensibly for years after the original patents have expired. Now I am realistic enough to know that this is a rosy (optimistic) scenario, however, this is a potential pathway to monetize HDC's IP, IF the current management is able to execute such a plan.

Charles...I read your post over on Yahoo and yes it would be cool if this turns out to be great but I have this feeling we are not in Kansas anymore.

Yes there was some skin placed in the game mainly by George and his friend but as to everyone else they just did what was expected and of course all this is done from their homes. So they mainly got hardly nothing to show except shares like a lot of us. You know as I do that several investors had millions of shares at one time but who is really still holding shares at this time or even giving a crap like some of us.

So as most patents portfolios and patents, a patent loses it's lust big time at the 18th year out of 20. What I'm saying is the fact we only have one year left before it expires no one in their right mind would want to license it or buy the technology at this point

At this point it just isn't worth court actions period. Now what I will save is Vennwest actually interested in using HDC since it is a public trading company. Why do I state this? Vennwest was interested in HDC at one time but have you thought about the possibility (it might be dead now) that it wasn't about making money from having HDC shares but rather a take over. Think about the Canadian connection in who is who now recall BQ relationship with those two Canadians. BTW...the way the Vennwest website has been non operational for at least 1.5 years.

1 patent

(( Can you see why I don't trust you know who?))

Now looking back at the past settlement wording it appears(as we all discussed prior) that Intel may have said this is all you are getting. Anyways maybe as stated prior that HDC could not provide enough goods in the discovery phase. So what I might indicate that Intel gave HDC basically $2.25 million since some monies must be paid to HDC Attorneys to state the least and HDC then agreed not to ever sue Intel and gave Intel the reassurances by way of prejudice and sealed with a kiss by Judge Albright.

Of course I still hope I'm dead wrong but how many years have we been moving the goal post around the football field? Damn, there isn't a place left on the field that we haven't used already.

I just checked PACER referencing HDC/Vennwest, as I stated prior last document (that can be seen) was #95 filed on 2/13/24 and nothing further yet something was entered/filed on 3/21/24 but not accessible. I have absolutely no clear thoughts either way about that

Hello King....I haven't checked PACER in a couple of days but will later today or tonight. Hope you are doing well.

And they all make $$$ except us.

So in review of Georgia court system involving HDC/VennWest....on 1/30/24 HDC filed Doc #94 then on 2/13/24 VennWest #95 to counter (again) yet it has now been 56 days yet I see nothing on PACER involving this case.

Who knows what is happening but is HDC settling or telling VennWest they are broke? ... is there any possibility that VennWest might want HDC as a sub company and that the two parties are trying to settle up so Colleen can ride off into the sunset and leave this mess?

...or has each party left Dodge City including the Judge who has probably pulled all of her hair out by now here you go these are our players involving HDC/VennWest and the Georgia Court system.