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Trial to decide ownership of cancer drug By Mike Clary - Staff Writer - Posted June 2 2005
With their industrial solvent company teetering on the brink of insolvency, Harvey Katz and Claudia Iovino were praying for a financial miracle when along came something that sounded even better: a would-be miracle drug.
T-19 Holistic Nasal Spray promised not only to save International Foam Solutions of Delray Beach from bankruptcy, but cure cancer and make everyone rich as well.
"I told Harvey to go for it," said Iovino, 67, who had recently survived a life-or-death bout with lymphoma.
"Anything to fight cancer sounded like a good thing to me."
And so in the spring of 2003 began a convoluted tale of money and medicine that may be sorted out in U.S. District Court in Fort Lauderdale this week in a battle over licensing rights to a product that some believe could be worth billions of dollars to drug manufacturers. A jury trial was scheduled to start today before U.S. District Judge Daniel T.K. Hurley.
"This is a classic case of deception ...," said Miami attorney John Arrastia, representing the plaintiff in the federal lawsuit. "Researchers want to work with this [drug]. They say, `God, I could get like a Nobel Prize.' But greed is keeping it off the market."
The drug at issue is called Tubercin, a patented compound derived from live tuberculosis cells that is said to stimulate the body's immune system.
The drug has not been approved by the Food & Drug Administration and is not available for sale.
But for several years the inventor of Tubercin, physician Dr. Tai Ho Chung, has prescribed it for his patients in South Korea, including some who credit the drug for halting the spread of their cancers.
Until the spring of 2003, Katz and Iovino had never heard of Tubercin. In a warehouse district south of Linton Boulevard, they made products such as Dumpster Fresh, a deodorant for trash bins, and StyroSolve, which reduces polystyrene to tiny beads.
Then a broker introduced Katz and Iovino to Ronald Shinn, a former chief of research for the California prison system, and Gerry Knight, a onetime administrator with the Oklahoma Insurance Department. Having acquired the rights to Tubercin outside of South Korea, Shinn and Knight were looking for an existing publicly traded company through which to raise capital quickly.
And International Foam Solutions was struggling to stay afloat. "We didn't know anything about the drug business," admitted Iovino. "We needed more money, and this was a way for us to continue."
International Foam Solutions became Hard To Treat Diseases Inc., and Shinn and Knight became its top officers. Katz and Iovino were issued stock, saw about $700,000 in debt paid off, and continued to manufacture StyroSolve.
But in November 2003, Shinn and Knight asked that the merger with International Foam Solutions be rescinded, and announced that the rights to Tubercin were held by ArTec Inc., a Reno-based company in which they had interest.
Katz and Iovino responded by bringing in Plantation accountant Colm King to take over Hard To Treat Diseases.
King then filed suit against Shinn and Knight, alleging the pair misused corporate funds and interfered with company business. King, on behalf of some 5,000 shareholders, is asking for $33 million in damages, and a declaratory judgment granting him the rights to Tubercin.
"We haven't made a penny off of Tubercin," King said. "But the drug is for real."
Dr. Leland Shapiro is one of the few researchers outside South Korea to have worked with Tubercin. An infectious disease specialist at the Denver Veterans Affairs Medical Center, Shapiro was hired by King to conduct tests last year.
The drug "does have promise," Shapiro said.
King said four major pharmaceutical companies have expressed interest in Tubercin. "But they won't deal with me pending litigation," he said.
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Judge Daniel T. K. Hurley United States Courthouse 701 Clematis Street West Palm Beach, Florida 33401-5196 (561) 803-3450
JUNE TRIAL CALENDAR
(Updated on Saturday, June 4th, 2005, at 10:25 a.m.)
NOW IN TRIAL: Hard to Treat Diseases, Inc. v. Shinn, 04-80010. The plaintiff is presenting its case-in-chief in this nonjury trial which is being conducted in in courtroom 205C of the U.S. Courthouse in Fort Lauderdale. Counsel estimate the trial will conclude on Wednesday or Thursday of next week.
posted
Hard To Treat Diseases (Pink: HTDS): is involved in bringing the Korean medical technology "Tubercin" to the USA as a new or additive weapon in the cocktail required to fight cancerand other diseases.
If somebody hands you a 100-bagger at 0.01 are you going to scratch your tush, wet your pants, call Hillary for Insider Commodities Trading advice - or buy some and get bloody rich...!?!
Anybody who fails to buy HTDS by Wednesday is either a deadhead or a dumbarse....!!!
If somebody hands you a 100-bagger at 0.01 are you going to scratch your tush, wet your pants, call Hillary for Insider Commodities Trading advice - or buy some and get bloody rich...!?!
Anybody who fails to buy HTDS by Wednesday is either a deadhead or a dumbarse....!!!
DYODD.................
.
LOL
I've done my DD, the case didn't start this week. If they lose, who will know first, me or the insiders....same as if they win.
For me, guessing which way the case will go isn't my type of play. I'd rather take the 80% if they win by jumping in with the mad rush. than risk the 80% loss by being in to early.
Its never gun to the head buy or else. LOL
Enjoy your play, Good Luck.
Its on my watch list, has been for a while, weird how much hype about it i see lately case has been going for a while here....
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If all those witless idiots who put their hard earned money into QBID (..aka: QFLUB, QFLUSH, and/or Feahwuss Fwankie Fartsnorter's 'Flakey Fairyland Follies'..) have the good sense to buy HTDS it may pull them back out of the poor house - or save their lives...!!!
HTDS 0.012 +0.002 (+20.00%) 0 0 8,194,925 or QBID 0.002 +/-0 (+/-0.00% - only bowel movements) 0 0 282,150,227
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Never got involved with any other message boards but here. I never mentioned anything about any QBID company either. Quit jumping to conclusions. Hope the lawsuit is settled in your favor. I'll keep this on radar none the less.
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What's RB-Cat? Apparently you know more about RB than you let on it appears. Also I see that you posted a reference to Raging Bull on the Micro pennies thread.
quote:Originally posted by agent_86: "....GOoooooooooooooo HTDS.."!!!
A new treatment for AIDS will take the financial monkey off all of the straight people's backs - casued by the foolish, self-indulgent, immoral, irresponsible behavior of the wacked-out homosexual weirdos.....
"....Tubercin for everybody - so it's safe to go into a public toilet again.."!!!
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new treatment for aids, check out ECMM there's a thread around here somewhere, don't know if RB has one, don't care to visit.
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ECMM closed on HOD on Friday. Looks like it's going to run strong on Monday as more people have heard about it this weekend and they had a pretty strong PR out on Friday.
ECMM Looks ripe for the pickin to me anyhow.
Let me warn you. I bought this around close on Friday as I heard about the news late, so I am biased in my opinion as well.
[ June 05, 2005, 20:51: Message edited by: Peaser01 ]
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Hard To Treat Diseases (Pink: HTDS): is involved in bringing the Korean medical technology "Tubercin" to the USA as a new or additive weapon in the cocktail required to fight cancerand other diseases. Website:http://www.htdsotc.com/ .
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well let's see? you are posting links to ragging bull eh?
most of us here don't really care for that much.. i mean it's nice to have DD...
but we do have standards 'round here....
so maybe if you just offer you're own DD? people wouldn't be treating you so poorly...
prersonally, i don't care one way or the other, but if i wanted to use rgging bull i'd just go there myself....
i also noticed you have three threads in different topics on this...that's normally considered spamming too.... so calm dayown and present your DD...more posts on thread is usually good even if people are misbehaving.....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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If somebody hands you a 100-bagger at 0.01 are you going to scratch your tush, wet your pants, call Hillary for Insider Commodities Trading advice - or buy some and get bloody rich...!?!
Anybody who fails to buy HTDS by Wednesday is either a deadhead or a dumbarse....!!!
DYODD.................
.
this kind of rude behaviour is likely to make people just press the ignore button on you....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by agent_86: It would be real nice if all your pro-homosexual QFLUB scum-buddies and ECMM SPAMMERS would stay off this HTDS Tread.
You're cetainly not wanted here...!!!
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and this kind of behaviour is sure to get people to request that you be banned no matter how good the pick is... stick to the DD....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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It sure would be a good idea for the poor dumb suckers who got "..sucked.." in and stuck in QBID to hedge there bets (..and their life insurance..) with a collection of HTDS shares.
quote:Originally posted by agent_86: It sure would be a good idea for the poor dumb suckers who got "..sucked.." in and stuck in QBID to hedge there bets (..and their life insurance..) with a collection of HTDS shares.
i think you catch more flies with honey than you do with vinegar... in this case i also think the company is mentioning the "pumping and scamming" going on on the BB's in it's PR's.... Hard To Treat Diseases, Incorporated Announces Trial Date Thursday May 19, 12:03 pm ET
It has come to the attention of HTTD that unrelated third-party individuals or entities are releasing information about the Company through fax and/or email blasts and that specific individuals and/or shareholders are misrepresenting the Company and its management. The Company is moving ahead with the goals described in our web site's Corporate Overview. The Company urges all investors and potential investors to review the Company's press releases and web site rather than relying on non-Company disseminated information. Our new web site is nearly complete and will be available before June 1st.
personally? i'll pick up some shares if/when the volume/cashflow is correct, and i'll post it when i do... good luck...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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