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Sure, If they do get approval the stock will act very differently from the company which often is the case in ALL biotechs. Including Alkermes, Biogen and the like. The stock especially being a penny stock will have eyes once it hits naturally. As with other pennies it will run a day or two tops before the shorts will overrun it and cut the run in half. There are more precedents that prove this model true than not. The price target? Anyone's guess, My guess is around a nickel tops. Thing to keep in mind with pennies is the jump from 0099 to a penny is a mindset for most and quite a few will dump at 0095-0099 thinking they are beating the crowd to a 01 to get filled. (when PP#H ran the OS was much lower than ours is currently) but with the SS and the enormous amount of OS will not be touched by funds / hedges until a RS or big board (which with this SS will call for a RS.) Remember that Jim himself stated they want to uplist. With this SS (like me or hate me you have to agree this SS cannot make it to big boards.) I honestly feel if they get approval a large investor will want a management change seeing their history and inexperience with being CEO and CFO of any real large companies and as well as a company that hasnt made money in decade whilst taking bonuses. Make no mistake no real investor will place tens of millions of dollars into this company with Jim at the helm. They will want to bring in their own people. The caveat for Jim is his shares in the company will be preferred and bought out directly. He will make a gracious exit if they get approval and stay on the board to collect a few hundred grand a year as well. The company will either: get funded and then need to sign a manufacturer as well as a distributor. Or it may get bought out with the understanding of the following:
The preferred holders (not you guys) will get fair market full price purchase on an agreed price. They will pay the debt (almost 20 million per the companies SEC filings) They would normally pay between 2.5 -5 times free cash but the company doesn't have any or liquid able assets of real worth (buildings, patents since they Battelle owns them) and probably make a share price offer of a penny for the remaining shareholders. The board will of course accept because they go their price met for their preferreds.
You have to remember this. If they do get acquired the company that acquires them will not only not overpay, they will try to lowball. The company making the offer will have to explain to their board and their shareholders why they paid the price they did. SO to recap an actual buyout will probably look like this: Board of directors and management will get an agreed price for their preferreds. They will wipe out all debts from leins and lawsuits. Pay all owed back taxes if any. Restructure Battelles agreement and royalties and pay you guys a maximum of a penny after all that. Remember the acquiring company will still need to implement manufacturing at an additional 10 million. So before they get to any shareholders, between the debt, infrastructure needed to produce, and pay stakeholders (not shareholders) they will onvest around 60 million plus....thats keeping in mind not even paying the penny for you guys. That would be acceptable to a companies board to assume a product (polymer system) that is not on the market (not the Y90, the polymer delivery) and compete against what is already on the market. Keep in mind a 1 billion market in the US medical field is not a large market. Especially while I$R and others will not just die overnight and still continue to be used.
Like this projection or not it is a "reasonable" one and not just on hopes or emotions.
Battelle did all the research and was approached by ADMD not the other way around. ADMD approached them to license it. They agreed with a share allowance and a continually annual rising license fee. Battelle also has it written that once ADMD cannot pay for the license fee they have the right to resell the license to another company......ADMD approached Battelle not the other way around. If Battelle selected ADMD because they were confident in them, why charge them a measely 7500-10k annual fee. To Battelle that amount of money is soent at Staple on office supplies a month (other words peanuts)
I am completely out of it and not buying a share unless they actually somehow obtain the FDA. I have made my profit and took all of it from this. I don't want ppl to buy or sell based on someone they don't knows comments. I want them to be informed of the truths that are current and not being pumped. Before throwing their hard earned or passively earned money into this. Interesting how the truth is bashing yet pumping is acceptable. Yet the unanswered pumping has done more harm than good. You are still avoiding the question which between not directly answering and only re posting posts that no longer apply only make you look not credible. All you are doing is showing that not just myself but others as well that were invested in this company found a reason to exit and no longer hold the stock. They should be thanking you
Avoiding the question and re-posting old status' from before the lawsuits, 120 day period, Jim avoiding questions, and the filings making it worse don't strengthen your side. They only prove that you can't deny what is current. If it makes you feel better tho keep at it of course. Whatever you feel you need to make you believe Jim will get it right this time now tho. I mean hey even a broken clock is right twice a day.....By the way I noticed you didn't post the pic of my screen shot from the company that owns the platform that AMIC uses stating the site was actually down because they hadn't paid their bill for a few months, again their words captured in a screen shot....which was actually right after they got evicted....cool story tho
12 Million dollar market cap on a company that made less than 20K first quarter and is over 10 million in debt. Evicted in December because they couldn't pay their bill. No actual patents of their own and have to pay a annual license fee to use them from Battelle. A CEO that has a bad history. A company that is being sued yet somehow the TA isn't? Admittedly in their own annual K written and signed by Jim and Bruce (under Sarbanes Oxley law) stating that not only do they not have enough funds to pay their annual overhead (Yet they both take a bonus, because they care so much about this company and its shareholders clearly) but also do not have to funds to produce the device. (admittedly an additional 5-10 million). Oh yea and the last notes haven't gone through yet because they are against the OS is against the AS.....The same valuations were given to companies like this in 1999...that worked out well.
The technology that Battelle has here is no doubt amazing. To bad ADMD won't be producing it without (Again this is stated right in there annual K, written by Jim and Bruce) they will have to leverage finance the production of this and as quoted by them. "Will unfortunately require unfavorable dilution to our shareholders"
Looking forward to news Monday, something to celebrate about ;)
Let's play devil's advocate. What happens IF you don't?
Sigh...They don't own even close to 10 percent anymore. They have been diluted. Look at the share structure from then til now
Wasn't a purchase, read it. He didn't buy it. It was compensation
Instant? How about 180 days of waiting and for some of them on this board even longer.
180 days now? I love how this board jumps bumps it if it favors it. 120? nah how about 160 (avg days per some people on here as of recent) now its 180..is 200 next?
ADMD was holding 5s for a while, then 4s...have dipped their toes into 3s to much lately and the 4s with each passing day are harder and harder to hold. Once you hit July it is bad news
Agreed, not one reason for a seasoned investor to invest serious funds into this for a "possibility". Each day that goes by it looks worse to an outside unbiased investor
Love this btw. Although I believe they need to wait 180 days before converting
How did that work out for em.......See Jim is up to same old bull&^it again with "Soviet Union" Because Russia loves and welcomes US bio firms with nuclear capabilities with open arms so well
Bingo.
Except they get paid a research fee, consult fee, a annual license fee, and shares in a company.......at favorable terms.......Battelle is in this to make money whether ADMD does or not. Battelle doesn't keep their lights on and pay their people in hugs and kisses
Agree just have to be patient
Things are looking amazing from what I hear. Cheers to all
Low OS, debts being paid off, and transparency. This is a great time to be in. Countdown has begun, just sit back and wait for it
Been busy most of the day, loving what I am seeing tho. Sticking around for the ride on this, good looking out Brooks!
Thanks for the reply, much appreciated
Structure the acqusition deals? Typically you don't change captains mid sail. So they haven't seriously gotten to the lawyers at the table meeting stages I presume? Please tell me if I am missing something or if I am wrong so we are clear here.
I think it touches 32 today and bottoms there
the 25 is guaranteed bc it is only bought after it officially gets approved
the other way only has a 50 percent chance of happening....One is certain the other is a possibility.......
I guess a guaranteed return is dumb. I should listen to more people like you. However I am glad I didn't because then I would still have to probably work for a living. Cheers tho.
With the rumor of acquisition news coming I am shocked this isn't higher. I mean news leaks all the time from everywhere like a sieve. With this news why is it still between 10-14? I would have that we would be bumping against VFIN @ 19 by now possibly higher. Thoughts?
I don't know who said that, but the morning of will be a run, that afternoon or the following morning however will likely be a dump as that is what the majority do.
AN intelligent and respectable response. I am aware of that and me personally I am done with playing this without a safety net. I will buy the momentum and buy a block of 5 or 10 and then dump within a few hours for 20-30 percent return with as close to surety if it gets FDA clearance. I do applaud you tho sir as I know you have stated you have a large position and holding. I wish you a great outcome.
Not interested in them. Will not buy this unless the FDA stamp gets printed. Rather wait and buy 5 or 10 million on the way up and then dump it for a 30 percent increase with certainty than buy here hope with zero certainty and possibly lose
All BS aside. You will 2s before you see 5s. Seasoned investors and funds will not invest in this (at this point) until they hear the share structure. Reread what was stated not 300K it was stated 3M
Anyone that "would" buy shares in blocks of more than say 3M at a time, will not buy right now, the AS increase news is about to come out and the least the company could do would be to acknowledge it and give guidance as to how much worse it is going to get. This is another case of if the CEO was more transparent it would help. It would be better for them to clarify and say yes we are increasing the AS and it is going to "X" rather than people knowing it has to increase and just guessing how many shares will be added. It will cause a sell, sure. However it is better to cause that selloff in one one day than gradually dragging it out and selloffs for a week or two.
I understand a PR costs over 2 grand and money is tight for them but at least use their Twitter of FB for interaction, even their own website would be a great start.
I am thinking the news (K) will be out not today but probably tomorrow. It seems we have the vague news today as our filler for today lol
Bottom line when does K come out. Everything else is just talk.
Looking forward to a great week ahead
Full disclosure I liquidated my shares today and will not pick up a single share unless they get FDA stamp. All BS aside this will not go up without news and will continue to drop into the low 3s or high 2s. What logical reason can you give for it to increase? Especially with more notes coming in the coming months. Chart is more negative than positive that alleviates the tech traders, "penny fundy traders" will not touch this falling knife....More reason to sell this at approx 170 days and place money elsewhere (some of the people on this board are also in the unmentioned uptrend stock that has complete CEO transparency.) That is exactly what people have been doing selling. I mean this when I say this to you all even the ones that don't like the posts or me, doesn't really much matter to me. I sincerely wish all of you (the ones that have messaged me for both good and negative comments,) I wish you all well in your personal affairs and on here. I take absolutely none of this to heart and leave you with wishes of health and wealth to your families. Cheers
6208 West Okanogan Avenue, Kennewick, Washington, 99336
Mail these old posts you are digging up to that address, neither of them are relevant any longer. Care of Jim and ask him about the square footage and how is it possible that he can put a leased building down as a liquid able asset anyway?
Hmm
Keep hoping, that has been working great since .0065, down what almost half?
I sincerely hope this was cathartic enough for you. I honestly enjoyed our trip down memory lane. Great to observe you saw that someone posted misinformation about a manufacturing facility, another member correctly displayed the company's SEC filing stating they were no longer there for almost half of a year and it drove you to take your time to dig up this info. I can see you have your investors hat on this early AM and because it cannot be disqualified as false information, one simply took the bigger route. I appreciate the comedic value this has all had, I still honestly wish you very well Vinny. Cheers!
6208 West Okanogan Avenue, Kennewick, Washington, 99336
Mail these old posts you are digging up to that address, neither of them are relevant any longer. Care of Jim and ask him about the square footage and how is it possible that he can put a leased building down as a liquid able asset anyway?
Hmm
Keep hoping, that has been working great since .0065, down what almost half?
I sincerely hope this was cathartic enough for you. I honestly enjoyed our trip down memory lane. Great to observe you saw that someone posted misinformation about a manufacturing facility, another member correctly displayed the company's SEC filing stating they were no longer there for almost half of a year and it drove you to take your time to dig up this info. I can see you have your investors hat on this early AM and because it cannot be disqualified as false information, one simply took the bigger route. I appreciate the comedic value this has all had, I still honestly wish you very well Vinny. Cheers!
Lol post all you want my good man about the old posts, before the K came out and ruin anything anyone posted and had hopes that Jim was paying off debts. Still doesn't change the fact that: They are now toxic to future lenders for defaulting, have no assets or skin in the game, are renting an office from their daddy warbux, state in their K that they very well could lose their license agreement. Post away my man about the old opinions and DD...Dig back far enough and see if you can find any times the company made real revenues in the last decade. Keep digging and you just might find that the convertibles will lock up the shares causing the AS to rise to 3Billion. Cannot ignore the fact that they:Got evicted, defaulted, are getting sued, and self admittedly will have to dilute to finance if they get FDA. Cheers it was fun tho
I find it interesting, with all the DD you do you don't read the companies very own SEC filings straight from Jim and Bruce...read the 10K filed 4-15, long read but depicts and states how bad financially this company is also this
The Company’s Kennewick, WA production facility may not resume operations.
There is an ongoing dispute with the landlord, Rob and Maribeth Myers, regarding the Production Facility rent. There is an ongoing dispute with BancLease and Washington Trust Bank regarding application of lease payments to the principal loan amount for the linear accelerator. Repairs are necessary to resume operations of the linear accelerator at the Production Center. Without additional funds, the Company will be unable to make repairs. Resuming operations will also require inspections and approvals by regulatory authorities including the Washington State Department of Health. There can be no assurance that the linear accelerator can be repaired and that production of radioisotopes can resume even if funding is made available.
They cannot make the isotopes to sell even as a manufacturer without a building or linear accelerator.
You mean this facility? The one they are no longer in?
This is from the 10Q
Rent Expenses
On July 17, 2007, the Company entered into a lease at 6208 West Okanogan Avenue, Kennewick, Washington, 99336 which has been used as the Company’s production center. The original term of the lease was five years, commencing on August 1, 2007, however, subsequent to July 31, 2012 the Company began renting this space on a month to month basis at $11,904 per month. The landlord of this space is a non-affiliated stockholder of the Company, who holds less than 5 percent of the total outstanding shares. The Company moved out of this facility as of December 31, 2014. There is an ongoing dispute with the landlord, Rob and Maribeth Myers, regarding the Production Facility rent