Why this stock is worth 50 cents a share now and why today was a landmark decision for cancer patients and Advanced Medical Isotope Corporation?
Michael Korenko is a true CEO and has the rare background of being extremely intelligent, Dr. Korenko has a Doctor of Science from MIT, was a NATO Postdoctoral Fellow at Oxford University Korenko currently is the author of 28 patents.
Dr. Korenko also has experience running a division of Westinghouse and is familiar and has been in the nuclear and nuclear medicine industry his whole life.
He specializes in turnaround situations and the previous CEO had zero experience in the nuclear medicine market. Dr. Korenko eats, sleeps, and breaths nuclear medicine! The previous CEO was not a scientist or didn't really learn or understand the nuclear medicine market and didn't get a product approved by the FDA when he could have partnered up with the top researchers and shareholders, Battelle/PNNL. The previous CEO had access to the top scientists that can get this approved, Dr. Darrell Fisher, Dr. Alan Waltar, Dr. Barry Pressman, Dr. Albert DeNittis, Dr. Alice Villalobos, and now there is a true scientific CEO that has the experience to lead an organization with a no nonsense background of accomplishments instead of "fluff"!
Things will be on deadline and accomplished. No pie in the sky hopes but real progress. Dr. Korenko has all of the animal study data from PNNL/Battelle from 2012 to present and all of it was impressive and safe! The results are online if you know where to look for it. Now it is not if they will get FDA approval but when? He works extremely well with fellow scientist Dr. Darrell Fisher so that team will get it to patients that need this therapy and treatment. There are no more expensive dinners trying to schmooze investors, real science and real results will lead this company! Dr. Korenko has a challenge getting rid of the previous CEO's mishaps but like a lot of the previous posters who correctly pegged Mr. Katzaroff as not making any progress, you will see the difference in 3 months that Dr. Korenko and Advanced Medical Isotope Corporation will accomplish more in 3 months than they did the last 10 years. You ask what about the "interim" CEO position? Give him three months and you will see the tight ship and a complete 360 degree turnaround and real progress to get this to patients. The stock price in my opinion is so low now and that is based solely on Jim Katzaroff as the CEO, he is gone! You don't know what that means for this company and to truly understand it is that yes, this has an enormous probability to get to the human market without the bs delays and just wanting a pay check and delaying the process. A real smart, scientific CEO with the backing of Carl Cadwell and Dr. Darrell Fisher will produce.
You ask about the Veterinary Market. The prior CEO sat on that market for 9 months. The company appeared at the Vet Cancer Society and Dr. Alice Villalobos is the world expert and she is waiting to treat the many dogs and cats that have been waiting for something like this. Dr. Korenko understands the nuclear medicine market! 20 million nuclear medicine procedures are performed annually. He will get the licensing and actual treatments by veterinary oncologists and Radiogel used by Vets around the world. It's execution, not fluff! Korenko will produce!
Dr. Korenko will also explore with Battelle/PNNL and the department of energy of being a producer of Yttrium-90 and control the isotope part of the equation. Westinghouse Hanford used to be the sole provider of yttrium-90 many years back and again look at the experience on this team now. These are all team players here now and the egos are out the door. Results, not we are exploring.
Dr. Korenko will also bring the radiopaste to market simultaneously with the radiogel. The previous CEO wanted to bring the more difficult product to market and then try again on the radiopaste for FDA approval. I don't know the reasoning but the scientific experts think radiopaste could be a bigger market than even radiogel.
There are challenges still to happen here and cleanup of the prior regime, but for a 20 cent stock the potential with a legitimate CEO and the technology and scientific board with Dr. Alice Villalobos waiting chomping at the bit ready to treat the dogs and cats and show what radiogel and radiopaste can actually do is an enormous opportunity for this technology and stock. Yes, this should have probably been done years ago but it wasn't. Cadwell and management believed in the prior CEO. He didn't produce and did not accomplish fda approval and took way too long to reach milestones. Dr. Korenko has an extremely great chance of making this a real company and making this a great success certainly with the incredible scientific board and Carl Cadwell. Egos are out the door.
ADMD Radiogel. Give it 3 months and you will see the accomplishments. The stock will be a lot higher in 3 months. Real Progress. Real Technology. Real Company. This is the first time I can really tell people I am proud to own ADMD shares. Wait until Dr. Alice Villlalobos actually treats dogs and cats. The future is now.
