Thursday, October 23, 2014 1:16:54 PM
236T568 ... Seriously ??? ...
"The warrants issued in the private placement have value. This value should be subtracted from the $5.2 million that was raised to arrive at the effective price of the common shares that were issued in the private placement.
Using the Black-Scholes model for valuating warrants and using the data provided by ADTM in the SEC filings, the effective price of the common shares issued in the private placement drops significantly to about $1.80/common share, substantially below the market price at the time."
That has to be the silliest post yet !!
I'm sure you know how to use the ...
The Black Scholes Model
and that's how you came up with the $1.80, right ?? Or is it that you're just pulling a number out of the blue which you've done before on many occasions ??? That tells me you have absolutely no idea of what the Black Scholes Model is or how it's utilized !! I hope you know that making this stuff up to serve your own purpose clearly demonstrates a lack of credibility, but what's new ???
Furthermore, you're telling me that you used, "the data provided by ADTM in the SEC filings" and you expect me to believe that nonsense above, or the only reference to warrants and the Black-Scholes option pricing model as indicated below directly from the Company's 2013 10-K ???
Note 6 – Warrants and Options, continued
In January 2010, the Company issued 5,000,000 warrants to consultants with the weighted average exercise price of the grants of $0.50 per share. The vesting period on these grants was immediate. The fair value of these warrants was determined to be a nominal value. The value of these warrants estimated by using the Black-Scholes option pricing model with the following assumptions: expected life of 5 years; risk free interest rate of 2.44%; dividend yield of 0% and expected volatility of 25%. To account for such grants to non-employees, the Company recorded stock compensation expense of $535.
I see absolutely no resemblance at all between your "$1.80" and what's contained in the SEC filing, which by the way, was prepared by the Company's auditor.
One more thing ...
"So....are you forgetting that a little before the $5 - $7 million revenue projection for the year, they were forecasting about $13 million in revenue?
how can someone be so far off in their revenue projections?"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107446241
Just to show us you're not misleading us again, I'm sure you must be able to tell us exactly who it was that forecast the $13 million in revenues for this year and exactly when that was said, so why not give us the link and we can see for ourselves ... you do have a link don't you ???
Oh, by the way, is it not a function of the moderator to keep the Board up to date with useful information ?? If so, why do you refuse to remove that outdated sticky note of yours, and put up the most current figures regarding outstanding and fully diluted shares ???
I'll try once again ...
13,807,436 shares currently outstanding
779,046 options outstanding with an average exercise price of $2.89 ($.096 pre-split)
2,879,627 warrants outstanding with an average exercise price of $4.00 ($.133 pre-split)
__________
17,466,109 fully diluted shares
ADTM
"The warrants issued in the private placement have value. This value should be subtracted from the $5.2 million that was raised to arrive at the effective price of the common shares that were issued in the private placement.
Using the Black-Scholes model for valuating warrants and using the data provided by ADTM in the SEC filings, the effective price of the common shares issued in the private placement drops significantly to about $1.80/common share, substantially below the market price at the time."
That has to be the silliest post yet !!
I'm sure you know how to use the ...
The Black Scholes Model
and that's how you came up with the $1.80, right ?? Or is it that you're just pulling a number out of the blue which you've done before on many occasions ??? That tells me you have absolutely no idea of what the Black Scholes Model is or how it's utilized !! I hope you know that making this stuff up to serve your own purpose clearly demonstrates a lack of credibility, but what's new ???
Furthermore, you're telling me that you used, "the data provided by ADTM in the SEC filings" and you expect me to believe that nonsense above, or the only reference to warrants and the Black-Scholes option pricing model as indicated below directly from the Company's 2013 10-K ???
Note 6 – Warrants and Options, continued
In January 2010, the Company issued 5,000,000 warrants to consultants with the weighted average exercise price of the grants of $0.50 per share. The vesting period on these grants was immediate. The fair value of these warrants was determined to be a nominal value. The value of these warrants estimated by using the Black-Scholes option pricing model with the following assumptions: expected life of 5 years; risk free interest rate of 2.44%; dividend yield of 0% and expected volatility of 25%. To account for such grants to non-employees, the Company recorded stock compensation expense of $535.
I see absolutely no resemblance at all between your "$1.80" and what's contained in the SEC filing, which by the way, was prepared by the Company's auditor.
One more thing ...
"So....are you forgetting that a little before the $5 - $7 million revenue projection for the year, they were forecasting about $13 million in revenue?
how can someone be so far off in their revenue projections?"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107446241
Just to show us you're not misleading us again, I'm sure you must be able to tell us exactly who it was that forecast the $13 million in revenues for this year and exactly when that was said, so why not give us the link and we can see for ourselves ... you do have a link don't you ???
Oh, by the way, is it not a function of the moderator to keep the Board up to date with useful information ?? If so, why do you refuse to remove that outdated sticky note of yours, and put up the most current figures regarding outstanding and fully diluted shares ???
I'll try once again ...
13,807,436 shares currently outstanding
779,046 options outstanding with an average exercise price of $2.89 ($.096 pre-split)
2,879,627 warrants outstanding with an average exercise price of $4.00 ($.133 pre-split)
__________
17,466,109 fully diluted shares
ADTM
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