JD International Limited was incorporated in the Commonwealth of Pennsylvania on July 5, 1989 as Diasense Inc., (“Truewest”, or the “Company”) a wholly owned subsidiary of Biocontrol Technology Inc., which later changed its name to BICO Inc. (BICO). BICO owned approximately 52% of Truewest until July 23, 2004 when BICO sold its entire ownership interest, 11,975,000 shares of common stock, to Dominion Assets, LLC. The focus of the business was the research and development of a noninvasive glucose sensor. As of November 2002, the Company was dependent solely on BICO to provide the funding for ongoing operations and BICO stopped funding due to its own financial difficulties. Without funding between November 2002 and July 2004, the Company had to suspend operations and stop further development of our noninvasive glucose sensor. We resumed limited operations in July 2004 and subsequently resumed development of our noninvasive glucose sensor in April 2005. On August 16, 2006, the Company received two letters from Dominion Assets, LLC (“Dominion”), demanding immediate payment of principal and interest under, respectively, (i) that certain Demand Note, dated July 23, 2004, in a principal amount of $1,954,936, issued by the Company to BICO Inc. (“BICO”) and assigned by BICO to Dominion, as amended effective September 28, 2004 (the “Demand Note”), and (ii) the additional loans totaling $50,700 in principal amount extended by Dominion to the Company under that certain Note and Security Agreement, dated October 29, 2004, by and between the Company and Dominion, as amended. On August 29, 2006, the Company entered into a Voluntary Surrender Agreement (the “Voluntary Surrender Agreement”) with Dominion Assets, LLC (“Dominion”) whereby all of the Company’s assets, pledged as collateral to secure loan agreements under which the Company is in default, were repossessed. Dominion was the majority shareholder of the Company. Keith R. Keeling owns a majority 75% interest in Dominion and was also a former member of the Company’s Board of Directors and the former CEO of the Company until resigning from both such positions with the Company on August 4, 2006.
Company profile
Ticker
JDID
CEO
Wai Yin Cheung
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Diasense Inc, Diasense Inc, Diasensor Com Inc, Truewest Corp
SEC CIK
Corporate docs
IRS number
251605848
Latest filings (excl ownership)
15-12G
Securities registration termination
16 May 18
8-K
Changes in Registrant's Certifying Accountant
14 Sep 16
10-Q
2015 Q3
Quarterly report
12 Aug 16
8-K
Changes in Registrant's Certifying Accountant
1 Mar 16
10-Q
2015 Q2
Quarterly report
4 Nov 15
10-Q
2015 Q1
Quarterly report
21 Oct 15
NT 10-Q
Notice of late quarterly filing
15 May 15
10-K
2014 FY
Annual report
2 Apr 15
NT 10-Q
Notice of late quarterly filing
14 Nov 14
8-K/A
Unregistered Sales of Equity Securities
23 Sep 14
Latest ownership filings
No filings