I was thinking today about the ongoing Health Care Reform debate in the US and our old friends
I got to wondering if there may be indicators in the share price or the behaviour of this company that might point to a foreknowledge of the use of
RFID chips in the Bill that will surely eventually be passed.
Here's what I found, which I find intriguing.
First, Obama kicked off the debate in earnest with a speech in front of a joint session of Congress on Wednesday the 9th of September, following a
'warm up' speech to AFL-CIO members in Cincinnati on Monday 7th, 2009.
Obama Begins Critical Week for Health Care Reform with Cincinnati
President Barack Obama kicked off a critical week for his health care reform effort with a Labor Day speech Monday to AFL-CIO members in
Cincinnati. The president is aiming to refocus a debate that analysts say spun out of his control last month.
In his speech, the president told the cheering crowd "the time is now" for healthcare reform.
The speech Obama read to Congress can be found HERE
I think it's fair to say that the debate regarding this issue really took of with this speech, and the details of the public insurance plan that
Obama put forward publicly for the first time also were important:
Now, I have no interest in putting insurance companies out of business. They provide a legitimate service, and employ a lot of our friends and
neighbors. I just want to hold them accountable. The insurance reforms that I've already mentioned would do just that. But an additional step we can
take to keep insurance companies honest is by making a not-for-profit public option available in the insurance exchange. Let me be clear – it would
only be an option for those who don't have insurance. No one would be forced to choose it, and it would not impact those of you who already have
insurance. In fact, based on Congressional Budget Office estimates, we believe that less than 5% of Americans would sign up.
Now this speech on the 9th of September, curiously coincided with a huge spike in the share price of Verichip!
It jumped over %600 in the days immediately following that speech!
However it wasn't just that speech that was responsible for the jump.
AND MIGHT I ADD THAT THE SPEECH, AND THE FOLLOWING ANNOUNCEMENT WERE MADE ON 9/9/9.....666
There was another decision made either as, or just before this time!
[09/09/09] THIS FREAKS ME OUT!
VeriChip Corporation ("VeriChip"), a provider of RFID systems for healthcare and patient-related needs, and Steel Vault Corporation ("Steel
Vault"), a premier provider of identity security products and services, announced that VeriChip has agreed to acquire Steel Vault and form PositiveID
Corporation to offer identification tools and technologies for consumers and businesses. In conjunction with the merger, VeriChip plans to change its
name to PositiveID and continue to trade on the NASDAQ. PositiveID intends to change its ticker symbol to "PSID" upon closing of the transaction.
The formation of PositiveID represents the convergence of a pioneer in personal health records, VeriChip, with a leader in the identity security
space, Steel Vault, focused on access and security of a consumer's critical data. The companies believe that joining personal health records and
identity security solutions provides a solid foundation for organic growth and a strong, flexible platform for future offers.
So on the day Obama declares there WILL be a Public Health Care Option, Verichip announces the agreement to merge with Steel Vault, and on 9/9/9 no
less, a very bad omen surely!
So the debate continued, the Bill eventually going to the House of Representatives where it had to be watered down, eliminating the Public Option,
The House of Representatives passed a health care reform bill by a vote of 220-215 on November 7, 2009. Currently the fate of the bill
rests on the Senate. The legislation once included changes that would give the government the power to negotiate policy premiums and to provide a
public option, but in an effort to acquire the necessary votes to prevent a Republican filibuster the public option was eliminated from the bill. This
would have given citizens the option to buy into public programs like Medicare for which current members pay only $96.40 monthly. Instead the bill now
requires that all American's purchase private health insurance or be subject to fines.
November 7th, and guess what follows a few days later?
FORM 8-K POSITIVEID CORPORATION
Date of Report (Date of earliest event reported): November 10, 2009
Instead the bill now requires that all American's purchase private health insurance
...is far better for business compared to the public option. All it takes is Insurance Companies to insist on mandatory RFID chips storing medical
records - or no cover - and PositiveID has billions of dollars in potential profits.
This can be shown with another spike in share price at the same time in November.
One last point of interest, the Senate passed the Bill on 24th of December 2009:
Senate passes health care reform bill:
60-39 vote gives President Obama early Christmas gift December 24th 2009
As we can see the share price of PositiveID spiked precisely at that moment..
I think it's safe to say that someone somewhere knows that the future of PositiveID is inextricably tied to the future of this Health Care Reform
In conclusion, Verichip KNEW
that Obama's speech signalled the go ahead for the RFID, so they immediately acquired a medical records company,
the share price shot threw the roof at both of these announcements.
Then, as soon as the bill cleared the House of Reps. they immediately completed the transaction, did they know that the Senate would pass it, did they
have foreknowledge of this?
At every stage of the legislative process, every time there's a forward movement, there's a spike in the share price of PositiveID. No coincidence,
and it isn't as if PositiveID is involved in other Medical Technologies, their website states that they are primarily involved with RFID chips.
An integral part of the foundation of PositiveID is its radio-frequency identification (RFID) implantable microchip for patient identification,
the VeriChip. The company's RFID microchip traces back to the events of September 11, 2001, when New York firemen wrote their badge ID numbers on
their chests in case they were found injured or unconscious. It was evident there was a serious need for personal information in emergency situations
and the product, modeled after a similar microchip used in pets, evolved from there. The company received FDA clearance for the microchip in October
I think we need to be very careful of this company, and this Bill.
All the best ATS! Kiwifoot!
[edit on 3-1-2010 by kiwifoot]