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Boils down to this and only this. Integrity. The man made a commitment and didn't follow through. He made a commitment to do a interview with someone, once seeing the questions asked then decided he is too busy. WHich is funny to me because they have no distribution channel to speak of, no pipeline of other drugs, All he is busy with is lawsuits. Which if he was smart he could save the 2K it costs for a PR and do this interview to set not only the Ihubber sharesholders but shareholders all over as well as creditors. To compare Jim to another man, any man is a sign of lunacy. No two men are alike. You can however see Jim's pattern because well history doesn't lie. It's all recorded and written in court documents. Please tell me what a CEO that has no money in the checking account, pending lawsuits, no employees, board members leaving, getting evicted and having no real space to oversee, does while the FDA makes their decision. Because having started several businesses and sold two of them I speak from experience when I say that money is not the most important thing in life, but it IS in business. Without you are doing nothing. The only thing worse than stealing money, is borrowing it. Jim owes over 10 million (thats revised and being generous with the over extended issued shares). Instead of waiting til recently to state that they are (just now) going to reach out to Europe, why hasn't he been doing that all along? Why hasn't he reached out and licensed an additional way to provide revenue? Why not become a dealer in other medical devices or nuclear medicine sources to provide additional income? I have no doubt that you have friendly connections with other business folks. I believe you. Ask them if they sit around when they submit a drug / device tho to the FDA. I bet they begin to develop another drug, or map out a plan to aid revenues. I know for a fact that a business that depends on one stream of income that relies on a 3rd party for a decision to make it legal to sell without seeking additional hedges is a business that will fail. Not if but when. There is a reason why Jim has NEVER HAD A SUCCESSFUL net income business. The guy takes a bonus for losing a company money. Not just one bad year. Every year he has. For you to compare your connections to Jim is a disservice to your connection.
Completely agree. I think he was sincerely just trying to help the board that are long and possibly make himself feel better about his own position.
Read #40543 straight from the horses mouth.
No denial Bill, just Jim going through his motions unfortunately. Habits die hard sorry to say. I sincerely wish you luck sir
Europe:
In Europe their version of the FDA is more stringent than here. Between having less than 10K in the bank for funding and reasons like this are the reason why it isn't being pursued in Europe
http://www.cnn.com/2014/02/06/health/subway-bread-chemical/
Anyone following ABM or have a position in it by chance?
I hate to say this, honestly. I wish no one to lose money in this. Regardless of what has been said. I hope now some of you see why some of us that were long have removed ourselves from the risk in this. The interview, is a pattern of his...as was "the letter" that was coming for 5 months, that never came.
Caught something today as well from Jim's own lips. That interview he gave back in 2013 or 2012 was it? I honestly don't remember. Anyway I listened to it tonight again and Jim states clearly in it that "Stakeholders" will be rewarded...not shareholders. Stakeholders are the ones that own majority blocks. Not people like myself that used to own 5-10 million shares.
Good luck to all of you longs with whatever you do, just use your gut not your hopes
Thats cute you think it was only 2.....research jimmy boy. There have been at least 4 that I found....fact is when you type in just jims name the word lawsuit also comes up as a suggestion
Board member did leave....hmmm
Cadwell isnt on the submittal nor required to be penalized under SO law. Cadwell is in a position that covers him enough to say "Jim told me he filed it" Answer this, if they lied about their assets on the filings whats the difference? Somehow between them amazingly not speaking up about the TA over extending a measly 800 million shares over several months, lying about assets, lawsuits nearly half dozen, and having a horrendous track record (which by the way is why he never made it out of the minor leagues ie penny CEO) you still trust him. Amazing.
You already know the answer, it cant. Which is why if they filed one, its rather simple to just show the 9 different people that have PM'd me showing me their emails to Jim asking for the app number. Not getting a response. Doesn't that seem odd to you? Seems simple to me. You have t aks yourself why have so many of the longs (even some of the moderators) have left or now just use this to flip.
You ever use a broker? They give advice on stocks they dont own daily.
BTW I would rather take the advice of one that doesnt have a biased opinion with emotion than one that does. They tend to think clearly
Interesting that you of all people would say that...you are right Karma is good. Jim I am sure knows all too well about that as well
Check my history of posting on other boards, clearly not a paid basher. I have been very upfront with my positions and have been here for months. I hold zero shares and as I have stated I will buy I admit. ONLY If this ever gets approved I will buy on the momentum for an albeit smaller gain if it does get approved but a proven profit nonetheless. Smaller guaranteed profit is much better than placing money into this and hoping it happens. We know what will happen if this doesn't get approved = trips 1-3. I don't care if this gets to 0007 I am not buying one share until I see the FDA, stamp if it ever happens.
For the ones effected by cancer all bullsh^t aside I hope it does get approved BS and money aside.
Thats just it Money, not everyone is FDA or bust there are folks here that think this will run for weeks and then immediately get bought out.
Again, how can they lie on a SEC document right? I mean claiming a leased building as an asset that is paid for without a lien on it is telling the truth right?
This is really bad, I mean its only violation of the SEC act
KBM Worldwide, Inc. v. Advanced Medical Isotope Corporation et al
Filed: June 9, 2015 as 2:2015cv02952
Defendant: Advanced Medical Isotope Corporation, James C. Katzaroff
Plaintiff: KBM Worldwide, Inc.
Cause Of Action: Securities Exchange Act
Court: Second Circuit › New York › New York Eastern District Court
Type: Other Statutes › Securities/Commodities
SEC act and for a date of relevancy? June 9th less than 2 weeks ago
I am stoked
The typanex one isnt even the new one..that was in May, the new one was filed in June by another company
So Jim lied directly to you. He is mentioned which means he received a "had to be signed for" intent for court summons. That is a fact. When you get sued, or fall behind on a liability and it goes to court you get a summons delivered by a sheriff. Lol wow. Maybe that was in his letter that hes writing
Remember when Spivek left the board, right before the share structure news? He was brought on because he was a specialist for mergers
This Consulting Agreement (“Agreement”), dated as of October 8, 2013 (“Effective Date”), is entered into by and among Advanced Medical Isotope Corporation, a Delaware Corporation (“AMIC”) and Spivak Management Inc., a California corporation (“SMI”). AMIC and SMI are sometimes referred to herein as the “Parties.”
WHEREAS, the Parties entered into that certain Memorandum of Agreement for Strategic Relationship dated August 19, 2011 (“MOA”) pursuant to which AMIC engaged SMI as a consultant and the Parties formed a joint venture (“Venture”), the implementation of which was subject to the execution of a further agreement with Mann Healthcare Partners Inc. (“MHP”)
MHP backed out and Spivek left after his conversions were done. Guess why.
You have been given actual statements, court findings, SEC docs straight from the CEO. That good enough?
which lawsuit again the typex or the new one? Cant keep track. If that guy had a public company you wouldnt invest in that one tho right? I mean hey going by the lawsuit Jim lost in 2011 I see a pattern.
Ever wonder why they are suing the CEO and not the TA responsible for the discrepancies?
To each their own. I would think a CEO would be transparent at the very least with pertains to legal issues and questions about the legitimacy of their own application. Especially if they have been asked for half a year. Hows the news with that revised share structure. The longs here have been waiting for "a letter" from (his words not mine) for 6 months now. If only out of respect for people that have placed funds into a company that pays his salary. Guess that is to much to ask because he is so busy....Hang on while I youtube another Tim C**k from A**L conference with the media to fill in the public / shareholders. Man that guy sure seems to have time, even running the world's largest and most in demand company. I mean its not like ADMD could simply use twitter or FB or something free.
When you retire you will my man. Btw don't you wish Jim was as forthcoming?
Speaking for myself I do not wish ill will on anyone. Even though I have received (as well as others here) hilarious PMs from someone here. Still, I wish only to inform would be investors to see both sides of this ponzi...meant investment. As anyone should legitimately do when they place their earned finances into this. They should look at the CEOs history, revenues, assets, patents, pending legal issues, length of time the company has been in business and not turn a profit-not because they keep reinvesting and purch asing assets, debt, and ability to return value to shareholders. Just like a Pfizer, Biogen, or Gilead. I mean after all that research right there on the companies own filings, court rulings, and google search if they think this is a great company than they deserve the disappointment. Cheers
The amount of denial in here borderline like a child that has been caught with his hand in the cookie jar. With documents by the SEC, documents written by the very hand of Jim and Jolif, and court documents posted with addresses and the ability to verify them openly, I have to chuckle.
If the CEO is out celebrating than I would anticipate news at some point in the near future no?
Because judges and courts make it real. If that isn't fact for you than I don't think the real world exists for you
If they filed an FDA app they would have no problem giving the shareholders the number...After all shareholders own actual pieces of the company as well as their assets. Therefore they own the application and have a legal obligation to be informed of the app number. For the all the pumpers that want facts and DD. Produce a app number______________
They also stated in a "SEC filing" they have a 430K asset of the building they were in......That was false, they were leasing it and have been evicted from said building
What makes you think a decision is coming simply because I have some free time to research ADMD among other companies? Al this FACTUAL DD and all you see is positives? This is an investment not your childs baseball team. Look at ALL the facts...actual court documented facts being posted
Another lawsuit....and not selling the TA just Jim.....interesting
https://dockets.justia.com/docket/new-york/nyedce/2:2015cv02952/371250
Here's why Spivak stepped down
https://www.lawinsider.com/contracts/7yoiNISO4sEd6Af5NR7Uea/advanced-medical-isotope-corp/washington/2013-10-18
This exact reason shows so much more about the CEO than he knows he revealed about his concerns. If he won't even give PEOPLE THAT OWN SHARES IN A COMPANY HE RUNS that info than why would he fight for them when / if negotiation time for a buyout. He won't he is concerned with his personal bank ie Cadwell's investment and his boards / managements preferred shares. If he really cared and was a career man he wouldn't take a bonus for losing money. This is why once he gets his deal he won't give 2 s&&ts about shareholders.....Ask yourself how much has he made for his past shareholders with buyouts?.......None
US&*LC asked directly as did I for the app number and were conveniently not responded to. Mind you this was back when we were writing and getting responses from him several times a week
Then I found out a lot more info. None of it good and it keeps getting worse. Also, notice BMAK sitting on the ask waiting to dilute more. Wish you luck
You tell me? I am asking the same question using the same flow chart provided by the FDA. It states just that. I want to know too
True. I aksed this back in march at some point and received no answer, just got called a basher....Would love to see an answer for this
Read. the. companies. filings. Have read them at all?