Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
With respects, can you explain why they don't have a case? In the scheme of what by the way the company has almost some 17 Million (per annual SEC filing) in debt...another 3/4 a million seems like a decent amount....Frivolous or not this will end up with AMIC owing all of it or they will settle due to AMIC not being able to fund an attorney and they will settle and still pay none the less sir
so 867K is a small amount? Tell me again how they are going to pay for that....with what 20k in revenue in the first quarter, or better yet why they haven't already as legally binded to do so
Average thorough PR costs between 1500-2500 that is why we don't get a PR. But in all seriousness why hasn't Jim even picked up and used their twitter or Facebook? Costs them nothing and if all is well one would simply give a non fluff statement of assurance. Wouldn't you?
Stock predictor here is the link....people say its a angry shareholder just being mad but I ask you to read the whole thing especially from lines 91 on. They have a legitimate case whether we like it or not sir
http://www.scribd.com/doc/268028735/Typenex-V-ADMD
Couldnt agree more, well said
Absolutely correct. That was me. Then the emails from Jim stopped coming in to us. He became more vague. The notes started oiling up. The annual SEC filing showed up and then boom a lot of us left. Also around the time when Jim refused to give his shareholders the de novo application number which is 100 percent legal. The exact moment AMIC stated in their own SEC filing they were evicted and still owe back rent. Gave me time to read dig into Jim's backround with his two past failed attempts with public companies. I stayed in because I saw this as a chance to flip and scalp with the then volume. Also still in for the chance the FDA does cine through, that day this will run then lose approx 50 percent of its run. I will then take my shares and be thankful. I also hace bought a lottery ticket this week lol. Either way Frz. I wish you well mate
Yea if only contracts and the legal system saw it that way. However in this case, if AMIC had money to give them why did they borrow it? The bottom line is read from line 91 on, with a clear open mind. Push aside your hate for me and read that with a clear mind with the regards that your money is at stake mate. You tell me who is really at fault. Interesting how convenient that the share structure issue was wrong don't you really think? You have to question Jim and Cadwell's motives that stand to make a hell of a lot more from this company than I do by keeping this going.
Again they won't answer you when you post facts. Their response is that you cut and paste directly from the SEC filings and that is somehow not legitimate.
When it gets locked, and there are legal obligations for converts......guess what happens
Agreed everyone has an angle, what was Jim's for not telling us about the lawsuit? Said it yourself we all have an angle
Posting negative opinions sure I can see that....posting facts.....eh
To the point I made earlier. People will spend more time looking for reason to not believe the facts than to actually question legal documents sent forth with the ones with blatantly obvious SEC filed motives ie profitable convertibles. To each their own.
Interestingly enough I have never claimed doom or suggested anyone to sell, yet you felt obligated to only see that is what I mean. I have taken again, statements and facts from their own SEC legal documents and posted them.....funny thing is all anyone has done so far is called them incorrect yet no one has debated not the opinons...but no one has debated the facts I have posted, interesting...You know what happens to a CEO when they file incorrect legal SEC forms yea? So it is safe to say what they report is a decent guideline
Then please by all means read from 90 on then...They have a legal claim and the CEO didn't tell you......yet you stick up for the guy and fight with people on this board posting legal facts
I don't see why I have to in all honesty....not to mention anything I have put up here even facts directly quoted from AMIC's own legal SEC documents you still don't believe me and that is the truth. So I will pass and deep down you can make yourself feel better by trying to convince yourself that I don't.....But Fireman you knew I was here all along and you know I do. To which end I ask you, have you read the SEC reports from the company? Show me where it says they have income greater than their liabilities, or where they didn't get evicted and still owe the landlord money, or are now getting sued or only license the patents from Battelle...Any of those will do sir. Ask Jim why he never informed us about this lawsuit. You know the group back in the winter that was regularly speaking and getting responses from him. You now why....Don't think it isnt because he cannot tell us either because by law he is supposed to file a K informing shareholders of lawsuits....Other pennies here even have the CEO on IHUB answering questions and informing us of mergers....not with who or for the amount. These are all the sad facts coming out sir. Open your mind
I give you the utmost respect and ask you to point out made up facts sir.
With the lawsuit for defaulting against AMIC...So they filed a court case which means they have actually defaulted otherwise why spend the time and effort to sue a broke company and waste anyone's time...with no real estate, no real assets, and obviously no way to actually pay it. I wonder if the judge presiding over this could award the plantiff rights to their IP....meaning the rights to the licensing of Battelle's patent. Interesting thought
Mathew I would too. Instead they will mock it or find something else without actually debating it without emotion or judgement. As I have stated I have a financial interest in this company. I would like to know if I have overlooked something or not noticed something. However close minded people become threatened and instead of having an intelligent rebuttal with point / counterpoint they use words like basher, or shorter.....instead of answering with a logical answer that we can all learn from.
The ones that answer with emotion prove one thing. They have more money invested in this than they can afford to lose hence their emotions come out as soon as a "SEC fact" comes out. Anyone that understand they may truly lose everything in it would sincerely and honestly want both sides of the equation answered for their own greater good
I have not attacked anyone or singled one out. Simply read the documents the company itself has put out or from the their own SEC legal docs. and made a guess (same as them)
Love when people post remarks but don't offer any incite as to why something is beyond fathomable. What is more interesting is when someone posts a non emotional rational question or statement and they get attacked...by an emotional response. Very investor like.
You will notice in the SEC filings they pay for his opinion....the real bottom line is he got paid for his "professional opinion" However that doctor works for the hospital and has to cover his butt with malpractice insurance. That said doctor will use what he is told to use by management. Every hospital is a business first THEN a place to aid and save the sick. Don't lose sight of that. This is unfortunately true sad as it is mate
UMSLLC....another once long and before me is on the wagon along with the majority of us former "in love with this idea and company" until we saw the patterns, the realistic numbers needed to make this happen. I wish some of these people would read the 2014 annual SEC filing and read it from beginning to end and with critical mind instead of closed one. The amount of money to bring this to fruition is staggering at this point and each month the notes keep coming....So the OS is very close to the AS..Know what that means? Take a long guess....What will happen when they announce that news...a major drop. Battelle will take their now "diluted 10 percent which is no longer and use their clause to license this to a company like Alkermes or Biogen that can afford the timeline and be self sufficient with full funding....Think this way..If you were Battelle...and the company you once had a 10 percent ownership in diluted your shares, admittedly in a legal SEC filing stated they can not only not keep the doors open, but got evicted fro their facility and was forced to move into space with their major shareholder, admittedly in a SEC filing stating no one since 2009 is interested in funding their device, had lawsuits pending, has a CEO that takes a bonus for losing the company money AND will "begin selling and marketing this in Europe" due to it being a easier fast tracked pathway but waits til NOW to do so.....Would you wait for them? Be mad at me but these are legal SEC facts and statements from their mouth...not mine...I am posting the same things they are so don't be angry with me. I agree the potential for this may be life changing and I hope it does come to market for the ones that need it. I am waiting a month or two tops to see, as are quite a few that have messaged me as well and some that do not even come here
Correct me if I am wrong and I will admit I might be here. A legitimate question no less, (yet for even asking this I will get attacked bc that is what adults do it seems) Did they not receive notification of failure from the FDA back in February of 14 yes? Doesn't it state that they have to resubmit for de novo after a NSE 510 failure within 90 days? If they resubmitted in December that is surely after the 90 days.
As for the individual that made the remark about my 27 million share dump.....I stated I owned just north of 9.2M shares and would dump the shares that are all but essentially free shares at this point....and today I did dump just over 3 million and will dump just another million tomorrow leaving me with zero risk. At which point I have no point to "Bash just to get cheapies" lol never gets old, as some put it. Which I have to ask this question to those of you that think in that way. If someone buys this stock and wants to hold it for the FDA decision...what difference is it if they buy it at 44 or 47 that day? The answer is none. This stock for the most part hasn't had the volume to dump a few million and re-enter with a just a few cents less with of millions to buy. With an average of somewhere in the 20-30 million a day the volume is not there.
"We need to see what the FDA says. No matter which path they put us on, we will persevere.
Whether you like me or not if you have been here more than a few months you will agree to this....
In Every. Single. Document, email, PR, and SEC filing AMIC's response with regard to the potential FDA has ALWAYS been "When we get it" or "Once we get it" .....now it is whichever path they put us on? Jim / AMIC has had every single response positive with 100% confidence...now not so much
That lawsuit is toxic...No one will finance us with that hanging over head. You have to ask if Cadwell was such a believer and giving checks that were not with the intent of being converted (to make him a hefty profit from) than why doesn't he write a check to make that "small potatos" lawsuit disappear? That also sends a message to other potential financiers that ADMD doesn't like to pay it's investing principal partners...Who would write them a check now?
This is much worse than just a lawsuit. This is a toxic headline. Coupled with in the SEC filing that it still hasn't paid its previous landlord that it got evicted from (See the annual report)
Ask Jim a direct question...Did you hear from the FDA yet? you will get either no response if he has and it hasn't been positive or you will get a nothing yet which means they still havent heard yet. He knows he cannot lie to a direct question because it is liable
Noticed BMAK still sitting at 53.....that folks for a fact is dilution ahead.
I cannot believe how emotional and unprofessional some of you are being with regards to someone being appointed to the FDA. This is a stock and a financial investment, not a football game. It has zero realistic bearing that AMIC will be approved. All it tells me is the point being made of "If they haven't said no then the chances are greater" are now wrong. It simply means they haven't even looked at it yet and now they will begin to. Furthermore because said individual oversaw a competitors FDA ruling has an honest zero chance to increase the odds of AMIC getting cleared. There is no precedent ruling, if there was it would have already passed the pre market original submission. Let me be clear. I am not saying it won't pass. I am saying the excitement over this guy is unfounded and means literally nothing that he is now on board to bring out a magnifying glass. He very well could and might say they want the polymer radiogel to be tested in tumors before it becomes accepted. Bottom line all it means is they are now beginning to investigate the application and we will know our fate soon.
PS What ever happened to the guy who was bulls^&tting us with the "London Group"
You might wanna check Post 14001 then
Couldn't help myself, took the profits and some of the principal from HJ&E today and bought more of this
Read it carefully, they didn't say they are getting acquired, just handing over the distribution to a larger more capable corp
Well with regards to what the CEO has stated, I sure as hell wouldn't want to sell my shares and be naked for Monday.
That individual needs to give it a rest. If you are posting DD positive or negative with regards to the forward looking performance of ADMD. Enlist facts, statements from the company itself or at the very least an opinion based in some realm of reality. To continually post the sky is falling makes your argument weaker by the day.
Side note the info posted about radiation / contaminated disposal meeting down the road from us is a double sided coin. I believe it may fuel a slight uptick to strengthen the side of approval. However after the 9th if we do not hear anything within a day or two afterward this will sink quicker than it rose.
Final thought. The notes converting in months to come won't much matter because if we don't hear anything by the 4th of July myself and others I converse with are within a few days will pull out of this. That is a collective total of just over 150 million shares between us. I have been completely transparent and upfront and informed you guys that I have been what some of you think is a "villian" for flipping. If I have been that truthful, you better believe this is as well. I suggest you all think of your "what if" strategy to protect yourselves as well. You have my investment til then CC and Jim. Now if only our CEO was as transparent as the CEO of LIB*. That guy with regards to being transparent is as good as it gets. Jim however cannot even tell us a weekly or bi weekly plan with sales, shares, or even to give clear guidance on it's easily misconstrued balance sheet. Long ADMD...since late Feb, will hang in there just a bit longer. Come on Cadwell make this your last great success and carry Jim for that last hurdle.
Thoughts on where we end up today?
I think low volume today around 5-10 m and close down 1 tick...seems to be the momentum as of late.
I am sure he won't be able to answer specifically
So are we acquiring or getting acquired, big difference for the PPS movement
Any real numbers on how much VFIN still has left from the T/A by chance? TIA
"It has won awards" yes it has...but what good is that if it cannot be sold in this country as of yet? None. Remember this is a business first. Revenues, liabilities and assets....are the only thing that matters. That is it. Warm cuddly feelings and the world's best surgeons are sure nice to have, but at the end of the day, they don't pay the IRS bills and it doesn't move the stock as it has proven as of this date. So again I ask you if ISR has the best "FDA approved and revenue proving method" and does
2014 2013
Product sales $4,219,158 $4,525,233
Taken from ISR's SEC annual
Why would someone pay far above that for: a new product albeit much improved however not fully proven in the field, unknown lasting effects as of yet, and it will take ADMD a sales team to sway doctors away from their current suggestions of what is already in use to suggest use of this. If you think just because it is better it will fly off the shelves than why ALL biotech firms still have people pushing their current best on the market products. Keep in mind if a doctor suggests new treatment he is on the hook for malpractice if there is any long term effects. I agree with you ADMD's will probably be better. However it will take major resources to finance and in AMDMD's SEC filing they stated they do NOT have anyone interested to date. ADMD will not be acquired as much as I want it to be. Again, with a current debt load that is a bit pricey. Just under I believe 18 million and growing daily. (Check the SEC might be a few million off but it is still alarming to seasoned investors) How does a CFO or CEO of the possible company that wished to acquire ADMD explain to his board and shareholders that it paid off the debt, current convertables, legal first right obligations for future sales of convertables, and you cannot measure its multiple of free cash flow for its price tag because it makes no margins. and It licenses patents which give it a nice legal first option but it doesn't own the IP. Keep in mind also stakeholders not shareholders have their warrants executed in a acquisition...people like you and me are at the bottom of the pile. Battelle has been diluted and no longer owns what it once did with regards to percentage wise. So why wouldn't a company like Pfizer just reach out to Battelle and say "so this year ADMD will give you 10 grand for the license annual fee. We will give you twice the market value in cash you hold of ADMD's basement price, and give you twice the annual license fee 20 grand. We will also give you a slightly higher royalty than you agreed to than with ADMD. We have the sales and legal team to bring this to execution and your current horse (ADMD) doesn't have the resources to reach the finish line. If I was a shareholder or on the board of Battelle I would take this in a second, as would anyone in business. ISR's outstanding shares are much more favorable and it makes peanuts with relative numbers in the biotech industry. The entire market for Y90 "Concentrated cancer treatment" is only 2billion worldwide and each company will only obtain pieces of it, the same reasoning why ISR's product is the current best yet million of the idodine system is STILL being used / sold. Finally how old are the patents? How long in the medical industry is the average life a patent? approx ten years...Big pharma will just wait fo the ten year window and make a run at em anyway....Far more against ADMD than in it's favor, you must admit. Large investors have already done the math on all these factors. This is why they haven't invested as of yet, your proof is your share price. If they do they will ride the FDA news for a few days and dump. Large investors will not hold to sit and wait, they will cash out and take their money to DR(O or OX*S or the hundred other FDA plays in the mix. Bottom line we have a revolutionary idea yes, but in a small (relatively speaking in the biotech market) amount of revenue to actually make. Final FACT. Cancer is actually decreasing 10 percent per decade making the need for this less and less...Look it up
PS BMAK sitting at 53 for 2 weeks......they are the diluting....It is what BMAK is there for, that is a fact. Just like VFIN, BMAK is a diluter. It will take a decent amount to pass through that
Where is Winters? I know he has a few banged up toes and whatnot. Hope his ability to call people and type on a computer isn't affected
Like to hear your thoughts on this:
If ISR Isoray which has the current best same arena type of cancer treatment was never acquired and does dismal sales with respects to the cancer treatment industry, what makes you think ADMD with a large pile of debt and an additional 8-10M (as per SEC filings to outsource this to begin manufacture) will become acquired?
Please answer with believable business minded answers and not because it is the best or because of management.
If a company were to acquire ADMD they have to explain to THEIR board and shareholders why they paid the dollar amount for it. This is why I ask. Yes I think they will get a approval but with a contingency required for trials with the regards to the gel. I also think if it doesn't come by approx end of June it will not come, FDA does not post the failures only they cleared devices
Anyone spoken or received a straight response from Jim from a direct question of if he has heard anything in the last week or so? He was stating nothing yet, but now if he doesn't answer at all....there is our answer. If they have gotten back to him and he doesn't inform us he is liable for legal investigation..food for thought
Good morning LIBE
Morning ADMD
I have no problem being full disclosure with my position, why would I lie about having 9.2 Million shares but then tell you I have flipped this? Flipping this has made the majority of my position to enable me to have free shares for the last few months. One thing I have never done is short a stock that is half of a penny with impending FDA possibilities? If you think that then you don't understand the math and I will explain it for you. Shorting a stock at half a penny doesn't have enough risk / reward. If it goes down and maybe I can pick up what a few hundred dollars? If it goes up I could lose everything and cost me tens of thousands. If you are touting that is your argument than you are showing your hand in your little or inexperience with pennies. Not to mention the significantly higher brokerage fees and TDA doesn't allow you to short pennies. Which if you have done any DD on someone you are point / counterpointing with you would look at my past posts and see I have stipulated I use TDA when folks have asked for a L2. If you think I am the enemy for flipping, again you are showing your little experience with pennies. The ones on this board not posting any DD and straight opinions and judgments on others make themselves look silly. When someone comes to this board for a additional outlook they will see some of you only showing a large amount of emotion and feelings, YOU are not being taken serious, this is an investment, period. If you don't look for the good and bad on a investment than once more you show your inexperience. I have cut and pasted from the SEC filings and still some of you suggest I am making this up. Just plain ignorance. Personally I care about as much of your opinions of my share count and whether I am shorting as you do about mine. Finally, you folks that think the shorting report is accurate, Cross trades are 50 percent buys and may come up as 50 percent shorts / sells. I have to laugh when people say the MMs are playing this. I used to think that too when I began playing pennies. If you honestly think a MM with 100s of millions of dollars under management is playing around trying to save 200-300 dollars or even looking at this company you are not accurate. This is not the only penny with a current De Novo underway, there are tons of other pennies that have other FDA De Novos and drugs and under clearance review. Ever wonder the great DD from Diamondfire, Pimpin, and others are not being done anymore? They seem to come and go because they are / were flipping. Those of you who didn't for the last few weeks or months missed out on creating additional shares and scalping. You can angry with myself and them too fine. But I want this to get clearance. I have a vested interest in this hitting a penny or a dime. Why else would I waste my time posting here? I admitted I flip this, and I will flip today as well. If you believe the FDA will come like I am hopeful of as well and are not a inexperienced biotech trader / investor than you will understand this: whether ppl bash this on a page like IHUB for the 30 ppl that post here, it won't matter if the stock is at 0030 or 0050 when the FDA news prints. It won't as it has proven nor is it worth a run to a penny beforehand however. I have been completely transparent in all of my statements. Which is more than most others that private messaged me saying they are flipping too. I am not bashing with emotion. I have simply stated info from the legal docs. I have also given my personal outlook with regards to the company and its findings, sure. I have done no disservice to this company nor said anything different than I would have if we were all in a conference face to face. If you called your broker and he stated only some of the cheer leading info some of you have touted, I bet you wouldn't listen to him. Sure would seem unprofessional. Wouldn't you want to hear the possible downsides or shortcomings as well? Some of you here are so quick to point a finger and say basher or shorter when you do not ask questions without judgement or even (and I know this is a crazy concept to you) possibly look at it from their side and think they might have a point. The same way you distrust my info I have to question (after doing DD) the CEO with a past history of running two other companies that have failed and a current one that has to be carried by Cadwell and conversions since 2006 and hasn't made enough revenue to carry itself to date. You should too, it is your money afterall
You only fail once you commit to giving up. If you don't ever quit than you will eventually succeed. Cheers.
Correct Sierra has spoken with regards to an acquisition of ADMD more than once. Back sometime in Feb/March when I joined the board here (before getting the ban for the joke that was told here to break up the arguing at that time. Brooksda, Hmonny,and Boothill can attest to this) Sierra touted ADMD as on the radar. Soon after the stock actually went down a little. I honestly think that Sierra is almost used as a shorts "flare gun" to attract attention. They have absolutely zero credibility and if you go to their blog you will not only see that it is a 5 dollar a month low budget blog but also read the lengthy disclaimer.
Diggnun you posted this but read below from the companies K SEC filing
"Advanced Medical Isotope Corporation has obtained an exclusive license to eight (8) patents for injectable RadioGelâ„¢ technology for use in high-dose radiation therapy. The license was granted by *Battelle pursuant to an option between Battelle and AMIC announced in February 2011."
Dignun this is from the SEC filing
-In February 2011, the Company paid $5,000 for a one year option to negotiate an exclusive license agreement with Battelle Memorial Institute regarding its patents for the production of a radioactive polymer gel technology. This fee was fully expensed in the twelve months ended December 31, 2011. Effective March 2012, the Company entered into an exclusive license agreement with Battelle Memorial Institute regarding the use of a patented brachytherapy gel technology. This license agreement requires a $17,500 nonrefundable license fee and a payment of a royalty based on a percent of gross sales for licensed products sold. The agreement also requires payment of a minimum royalty amount to be paid each year starting with 2013. The $5,000 minimum royalty amount for the year 2013 was paid in February, 2014. The $7,500 minimum royalty amount for the year 2014 was paid in February, 2015.
In other words like I said ADMD doesn't have the ownership or patent awarded they have to pay minimums for them annually at a rising expense to their owner Battelle. It is a royalty that has Battelle protected and charges them a royalty whether ADMD sells any or not on top of a per application royalty as well. Battelle is not our friend and their aggreement shows this. It is a business partner. ADMD is theoretically out of business without Battelle, however the same isn't true when the roles reverse. ADMD licenses the patent for polymer radiogel and does not own them...
What does this mean? Two things. If / when FDA comes through then the expense is just cost of doing business and they simply absorb it and write it off in taxes. If they don't get approval I am guessing here but as someone who formerly did leveraged buyouts and business development with intents for exit strategies to sell for multiples as a profession their is I am sure a clause / safeguard in their agreement that if they do not obtain FDA and cannot show a means of finance to develop the lengthy and exceptionally costly phase 3 (In the SEC K it suggest that the phase 2 alone will cost them 8 million that ADMD states will have to take on dilution to finance this and does not have a lender, meaning Cadwell will not finance that) Battelle will have the rights to allow bidding for other biotechs to bid for the license and develop the level 3 clearance. This will forfeit their 11 percent ownership of ADMD, but honestly if ADMD doesn't get FDA ownership of a stock that will surely run to the trips is irrelevant to a corp as large as Battelle, they will simply bury it in taxes as a loss anyway. I would like to think that they could very well list outside the US however Battelle's patent doesn't hold any water outside the US. ADMD doesn't have the licensing for Europe and unfortunately leaves that door open for ISR Isoray or anyone for that matter to buy the licensing rights for outside the US. I believe this is why we are at our low price per share for a company (that in the US) is about to unveil a new standard in specialized cancer market. I think it is because and as a few have qualified in their answer the majority are sitting on the sidelines until we get confirmation about FDA.
Final thought this board is not just for cheerleaders, attacking people here because they do research and post facts straight from the companies legal SEC filings is not at all helpful to ones credibility. If you feel threatened or hurt by this statement then you should re evaluate your outlook on your financial investing. This is money we are investing, not a fan club. You do much more of a service when you post both good and bad than if you only post one sided claims and hide the negatives......Why is it called DD when it is positive news, but you call it bashing when negative facts and forward looking opinions. You should use both before you place your hard earned families funds into a stock. As for whether I have my shares or not Go back and read my past posts. I have flipped as I have stated before. Only a fool doesn't and holds a penny stock with slightly under 20 million as debt as a longterm investment. However I have been flipping this since March and the majority of my shares are now free....why would I sell them? Cheers and good luck to all.
Bottom line is
Until we get news this will probably channel between 3s and low 5s. Been here longer than most and although it bounced off mid 6s it realistically has no reason to go there unless a group pumps this. It loses money each day it is open and has over 10 million on the books in debt. If it loses money than why should a stock go up. Starting in June (few days) the share structure / conversions gets so much worse. Not bashing, I have personally just under 10 million shares. Show me the patents given with AMIC's name on them and not Battelle's. Actual patent numbers from the USPTO This company's IP is worth nothing without a FDA. It is like owning a Ferrari, but it runs on fuel that is only sold in another country. Have a good weekend