Bio-AMD, Inc., formerly Flex Fuels Energy, Inc., is engaged in the developing its point of care (POC) medical diagnostic reader device business, and developing its currency risk mitigation business. On December 24, 2011, it sold the mineral licenses and associated rights over the Malibu Gold Property. On April 25, 2011, the Company merged with its wholly owned subsidiary Bio-AMD, Inc. On February 25, 2010, it entered into a subscription and shareholders agreement with Bio AMD Holdings Limited (Bio-AMD), and the managers of Bio-AMD, under which it acquired 63% of the Bio-AMD.