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Trade what you see not what you hope or think might happen. Especially in pennys. That is exactly what is happening here. Never have I been so thankful to be out of a stock that I am today. Jim should really address after market what this is about
I know you did! We called this weeks in advance
10M in a few minutes to dump. This is exactly how it happens. I sincerely feel for those still holding. Good luck folks
Power11, you out mate?
40M shares in a day..first time in a little while it had that much. Majority to the sell. It's a falling knife and the momo is to the downside. Its not convertables bc it isnt BKMM, BMAK, or VFIN..its retail dumping it
28s......Trips by the end of the month
You honestly think that? I can see by that assesment then I suppose you don't invest in big board companies much. Becuase when there are hundreds of millions of investors in a company like I%M, A(*L, and Wally world they CERTAINLY DO NOT put out the same PR year in and out....Only penny companies do that my good man.
Druid, it actually states in their SEC 10K that they MUST dilute and cause unfavorable terms for current shareholders to implement this device if it does pass. They clearly stated it will have to. Jim and Carlton are making a nice wage as board members, and making a decent amount off of the conversions. Plus Jim is making 250K as a base and then takes a 50K bonus for failing miserably at running a company (ie no profit in a decade) I sincerely hope no one here is thinking Jim is a earnest manager with integrity.
I think his point was to show the board that Jim is still doing and behaving like this and hasn't changed. The fact that it is from 2006 and almost 10 years ago and he is still pulling this kind of integrity-less actions I believe was the point, IMO
It certainly can, for your sake I hope it does both for you and your family.
Unless the FDA wants studies on the effects of the polymer in the body, or the effects of the radiogels 2.7 halflife and wants to see how the body reacts to it. I actually agree the theory sounds amazing. I am concerned however that they won't turn a blind eye and say "just market it and use it, we will eventually find out how it reacts" I think they will want a study down of the radiogel mixed with the polymer and the reaction it causes. That is just my opinion tho mate
Druidfish, Someone had posted that they have 3 business days but I don't remember where the source was from. I will say this. I am sure when the K comes out (soon) it will be a "clear read between the lines" lol statement
A lot of this info had not come to light. The SEC filings were "supposed" to get better, there was supposedly a letter coming from Jim that was going to state their major plans of distribution and finance leveraging to put them in a better place. Jim was going to start creating other sources of revenue (never did) there were no lawsuits, the amount of DD on Jim wasn't as adept as it was now by the board. They hadn't been evicted yet....(they had but ADMD failed to mention that at that point) Jim was emailing us and transparent then. In a matter of months this company has lost a board member that was signed on specifically to handle a acquisition (Spivak). The deadline got longer and gave me time to remove my hopes and emotions and look at this with an open mind. I flipped this stock so much and was using the volume that I made a serious profit from it and also turned a few million shares into just under 9.3 million. I took my original investment out and floated the free shares for a bit and pulled em out in the mid 40s while it was still worth something. Don't have to be Warren Buffet to see that already this has a stigma because it is a penny stock, but it won't run up based on charts. It will only trade sideways at the very best and more likely drop. All that being said it is why I pulled out and won't touch it unless there is a FDA denovo stamp on it.
JT it is 100% percent possible. If they can go over the 120 guideline by a week they can overshoot it by a year. After all they are the govt. Who is going to bark at em? The proof is like you stated they do and have go longer than a year. That would in all likely-ness sink this stock to low 10s or high trips with the amount of notes due for dilution and raising the AS ceiling
Big, great job. That is honestly the best idea as to get some insight as to why and where this technology really is. Great job sir / maam
So by them not accepting the 3 they were denied what they originally had seeked. Couple questions. Why not begin marketing it in Europe in early 2014? ALso what is the allowable timeframe for resubmission for de novo? I know it isnt 9-10 months.
That should raise a huge red flag for longs. FDA states that they (ADMD) has I believe 90 days to resubmit for a de novo...yet they waited almost 300
ADMD's facebook page is starting to look real bad. Could at least use that as a medium to at the very least give some sort of reassurance to shareholders
Should have held out for 31s or 3s
When you submit for a level 2, get told its a level 3. That sir is a flat out denial for what you have asked for. You can spin it how you like. Applying for approval and getting told you are a class 3, when all along you needed the 2 is a denial my good man. Furthermore the 3 they have states clearly both in the FDA ruling and the SEC filing from ADMD that if they dont get the level 2 they will have to refile for a 3....if they have to refile for a 3 it sounds like they did not get a 3 either. Had they received a stamp for level 3 then why didnt they take it to Europe and just find a financial partner to frontload the expense and market it as FDA approved level 3 device in the US?..Because they did not receive a 3 either. Bottom line this was told to file a de novo for re examination. Meaning the FDA did not make a certifiable ruling and give it a stamp.
Big I completely understand that. My mistake for not making my point clear. I was making a rebuttal to a specific post here that stated ADMD wasn't denied. I am with you in that this could take an additional 6 months to possibly a year. I feel at that length of time however the company will without a doubt HAVE to raise the AS because of the millions of dollars in conversions over the next 12 months, thus pushing this down to the trips again. The worse news this could get is a denial, after that a share structure in a detrimental way is a close second
True, and if waiting why so long?
Another issue here is it's only Tuesday and it touched 32. This in all honesty without any outside intervention could and probably will touch 2s by weeks end.
Even worse tho. Once / if passed the time allotted for this "patent protection" doesn't have the same relative strength as a traditional patent. Basically with the 13 year window and and PMA route makes this almost able to be copied out of the gate with minor infractions.
http://jolt.law.harvard.edu/articles/pdf/v26/26HarvJLTech403.pdf
I have addressed this several times. I was pro ADMD. The SEC filings, lawsuits, Jim's pattern of no follow through like with his letter that has been coming, the filings that state they have no interested in financing the companies overhead, as well as clearly stating int he SEC filing they put out that no one is interested in financing the device even if it gets approved...their worlds not mine. The lying on the SEC filings about a leased building they were evicted from and still owe back rent....makes you lose interest quick. These are SEC listed arguments on their behalf, not mine. This along with many other longs are the reasons why I am no longer interested and have pulled out my shares. Consistency is something Jim does tho. He is consistently in-consistent. If after discovering all these and more fun facts you feel this still has a chance than I applaud you. But to understand the bigger picture behind a company that has never turned a profit in over 10 years and still has no IP of its own or real assets and stay in just because I was less informed and only to stay in just because I saw this with a biased opinion is nonsense. My ability and time is becuase of my investing and work in tangible assets and investments due to being open minded, I am thankful I made a great return on this but only see it it sinking from here
By granting a level 3, it was denied a level 2 which is what they wanted....So in essence if you don't get what you want, you get denied.
It got denied when AMIC initially applied I mean
Then why did it already get denied?
Patent life in the bio industry is not the same. Anyone know the patent life on a medical device specifically? I keep finding answers that range from a few years to 15. How old is the patent Battelle has anyway?
I along with the majority of the former longs that were here in March a few aside have changed our opinion. If one holds the same opinion after reviewing and learning all that has been posted since then goo for them. My guess is it will not pass. My biggest concern is looking at the de novo flow chart 2 out of 3 end results are not a green light. Factor in that Jim actually didnt resubmit in the proper window timeframe after first submission / denial of level 2 and the math gets worse.
Back that up. In detail please inform us how this was manipulated down and not brought down due to their own FB page having shareholders ask questions and comments on some very easy and general questions, lawsuits coming in (2 in the last 2 months) more conversions coming, still radio silent on the AS / OS and now the FDA being over two months past their generic window.....please tell the group how this is manipulated down. I would like to know why it is being brought down this week. Because it makes so much sense at this point......
You have decent support at 32 and 31 ...2M wall at 35 tho
Good news is there is volume today and the first hour of trading is traditionally that days high or low. That being said it shouldn't drop below 33 today...keyword is shouldn't
A big blow to investors will be if BMAK lowers their number from 53. If that happens it will drop quick.
Madoff had a better and bigger team behind him...how did that work out.
No more or no less a point than one that already owns the stock that continually posts hopeful content. I would suppose it would be to make themselves feel better about their position. If one feels confident about their position then the same question can be asked. Why continually post hopeful "this week" or news will come this friday and such. If youa re going to ask one side you must ask the other as well.
Honestly which is more detrimental to the stocks cause for someone on the sidelines? Someone posting actual derogatory facts of previous behavior. Or people posting hopeful deadlines and "this week we get news" posts week after week month after month? I would believe a negative looking statement fact in a stock before a hopeful one first. Because I am protective of my money. You can call it bashing all you want but copy and paste SEC filings and lawsuits are more truthful and helpful than the majority of the pumping going on in here. As for me personally the reason I am here is to admittedly jump in the day of and get out that afternoon. I do not care if it is at 20 or 50 because I will purchase as to my plan. Exactly 5m shares. The actual price is irrelevant because I have a entry and exit strategy with concentration on share number without importance of cost basis.
They are being filed now bc ADMD defaulted on payments. Not JUST because of the TA
Nope I wont call out people that have opinions. We are all entitled to. What you have failed to take into account however is currently there is well over another billion due in the next 18 months tho
Your question should be: where are the shares going to come from? Hows that AS / OS looking? guess we don't know because Jim is to busy to tell, ya know...the people that have invested money into his company. I mean he could tell you but he is busy talking with Putin about resurecting Chernobyl to create new isotopes
Nature of suit is not a BS reason.
I have to know why in all legality and expense of lawsuits even for both sides. Why are they suing ADMD, a company that has no money instead of the bonded TA?
If you buy a house from a realtor and after you close on it. If there is a major problem you sue the realtor not the previous homeowner. That is the whole reason their is a legal 3rd party, to protect ADMD.
Outcome is quite obvious, Jim no longer works there. Obviously settled out of court and that makes it so legally no one can know what happened. The fact that Jimmy boy doesn't work there anymore should speak enough to you