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Looks like another day of lull. End of the day could be interesting however.
Anyone else's TD Ameritrade screen keep saying server unavailable every few minutes?
Waiting for the news so I can buy millions more to add
Or perhaps he is aware of the Delaware law that was broken by the convertibles and wants no part of it. Why would you leave a company that is about to finally after all these years now have a chance to thrive and grow?
Doesn't really matter it's old news, we are fine bc Cadwell is actually the brains from what the resumes can say about each person involved
GM ADMD, You excited about having a life changing week?
Exactly why I said its not true....the point was to state that possibly some new uneducated folks will funnel money into stock purchases tomorrow. Would be beneficial to have before FDA news no doubt
Because it states that ADMD went up 50 percent Friday...and it closed even. Also, last week it said PP%H was getting acquired from Pfizer...and it didnt
This is not true but read it anyway....Perhaps it will at least get some money injected into our company
http://sierraworldequityreview.blogspot.com/2015/03/new-brunswick-meetingsjohnson-johnson.html
Don't ever doubt my ability to find shit out lol
read the De Novo....2 out 3 outcomes are not in favor. They can receive a straight no and it goes back to a level 3, they could revcieve a temporary no and tell them they have to prove it works as described in the de novo flow chart, or they can get a yes, which I hope they get
ISR is their competition. AMIC's (Batille's) patented technology is a improved product that makes ISR's product obsolete. It will take time to prove it as it has not been tried in humans yet due to the FDA. If it comes out to their liking's after animal testing AMIC's product and the company should push Isoray out. Unless Isoray decides to buy them. ISR did lose money last half of the year in 14' in a operating basis. Not that much however. Yes ISR share structure is better as well. My back round tells me that the only potential buyer would be ISR. WHat makes me think that is this. ISR has been providing their product for a while and has not been acquired. That tells me that there is not a big interest in targeted cancer by bigger pharma corps, otherwise ISR would have been acquired. Thus telling me that with the recent inside purchase of stocks in Isoray they are believing in their ability to be around after the FDA passes for AMIC. Seems to me that if I owned a company that had a product that was possibly going to be "brought out to the wood shed" I would be selling. I would only be buying if I had spoken to my competitor and offered them a deal. I would also offer them a deal BEFORE the FDA judgement, therefore beating everyone else and not having to compete. The only issue is AMIC's 18 million dollar debt is hard to look past. I'm sure Cadwell wants his money back and not just from his share sale.
They will have to do clinical trials and quite a bit ahead of them still after FDA. Its not exactly like the process is now. Otherwise it would have needed the De Novo process. It would have been passed as a level 2 under precedence. There is still a long road ahead after FDA decision. It goes to show you the power of the media can be more effective than even the FDA news if manipulated correctly.
NY Times has 5 page cancer layout and mentions PP#H. That is how a company begins to crawl out of the OTC, it is also how a company get acquired. Once this FDA gets green lighted Jimmy boy needs to get off his ass and go on a PR tour while having his CFO look for financing. I certainly hope he is watching his competition. I have to say they are doing everything right over there since they popped. Let's hope they are taking notes
Have a great weekend with your families everyone. This might be the last weekend we will have to "wait" for the FDA I suspect. With that spend time and remember why you/we are doing this. At the end of the day the financial windfall potential will be nice, but there are more important things.
That was a tease, Jim if you are any kind of shareholders friend you will at least update the goddamn FB page. Not being transparent is not working well for your stock price. Poke your head out from your office and wave to the parade perhaps
I think we close at 24 or better
Someone just dumped 5 million at 2
I am more convinced that he has his family trust account invested than his own personally
Exactly, quarterbacks get cut everyday. In business you are only as good as your last 4 quarters, there is no sentimental value.
Agree, yesterday aside it has been around 12-18 million avg
It would make sense to close even or up today due to the possibility of the news breaking Monday AM. I understand quite a few will wait for certain before buying but I also feel that a decent amount of folks will want to be in the elevator at the ground floor.
It would be better to get a PR saying we are just days away from what we feel will be a positive outlook moving forward with our FDA....But for some reason we don't release PRs.
Contacted the TA 3 times this AM and it goes directly to an individuals voice mail. I will try again in a bit.
I would assume it is true. It is in a legal filing with the SEC 10K. Would explain why the Form 4's were changed...which we all thought was strange, but now it makes logical sense. They may tell me to pound sand when I call, who knows I will try. I would assume (what I would do) is to revert the shares and take the loss on the convertibles. Would allow them to write off in taxes in one swoop as a loss of income. It would then revert the share count in our favor to push the PPS significantly higher. 2billion / 800 million
Dreaming...But it would be nice if a piece somehow got leaked stating that the share structure is now much better and 3/4 of a million dollars of toxic finance got removed.
Sure would be swell and wholesome if they bought the 800 million shares tomorrow
Read the sticky that says the 10K that people missed.
I will call tomorrow and see what I can find out about the timeline, how it will get reversed or if it is a they must be paid for on the open market within 30 days kind of thing. Finally, what it means to existing shareholders like us
Does anyone know who AMIC's T/A is for the shares? I will contact them tomorrow and find out.
Yessir!
That is terrific!
The 800k. How many shares was that for? Its my belief that those shares should now be reverted if they dont pay for them out of pocket. That being said calculate how many shares that was for and subtract those..now we have even a more favorable share structure.
Decent windfall for us longs tho
If I'm Cadwell I am bullshit with Jim and the CEO tho. Hes out some funds unfortunately
You do realize the point yes? They dont have to disclose why he left. I was agreeing with your the statement of perhaps that is why he left
How am I stirring things up exactly? Just pointing out the complete obvious of what THEY wrote. I didn't perform poorly, lose money. I have money invested as well. I however will not sit on my hands and be a submissive when asked questions on what is actually happening. Read the 10K its all there
The 10K as much as everyone wants to think (including myself) was an abortion. Financially speaking it stated several times that without the FDA approval and getting funded (which it states they aren't and are STILL looking) on a monthly / yearly basis they are in dire straights in honesty. Cadwell is keeping the company going as of now which I am sure scares of nominal shareholders bc at any time he can cut his losses and walk away.(he is 70 years old) It also states that on top of its 10 million in already leveraged debt it will need 1.5 million this year to keep the doors open alone, on top of 8 million (est.) to bring the Y90 to market if approved by the FDA. Ideally making this a takeover a much more difficult acquisition.
Although very detailed and thorough the upside is they apparently aren't trying to hide anything which is refreshing. However, by disclosing the fact they broke the cardinal rule in business and completely stopped all sales and revenue to focus on something that may not get approved probably scared seasoned would be investors as well. At the end of the day if someone came to me in my previous two businesses and said we need to stop the flow money (regardless of size) to work on submitting paperwork to a government agency I would have fired that person. The key to remember here is Cadwell is your star in this company. Jim is a 2 time previous CEO flop (Tesla Vision and Apogee Biometrics) with a track record of taking a company public and generating income for himself. Cadwell is our white knight.
You don;t really think 10Ks are 100 percent do you? Enron says hello lol. It won't tell you nor does it have to tell you why someone left other than personal reasons legally. You will never know why he left. He was a major holder so you do have to question it.
He was the third largest shareholder too I believe. I am sure they won't buy the debt load in shares. I can almost guarantee they will forgo the convertables and just eat the loss in taxes
Because it's a Delaware state law and not a Washington law. Apparently the CFO and Jim aren't aware of it is what likely what happened. In any event this cannot come from our slice of the pie. More than likely Cadwell will have to write a check for his and Jim's convertables. That is a double edged sword. It makes the PPS rise, but shows the incompetence of the management mainly the CFO to potential big investors. Either way congrats gents on what should be a small pop tomorrow from this alone
bill750 • 5 hours ago
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Guess the genius SS overlooked this
This is the most important thing in the 10-K and the blowhard missed it
"The Company, as a Delaware Corporation, is subject to the laws of that state. Under Delaware law, the Company may not issue shares for a value less than par value. Certain issuances that occurred in the fourth quarter were issued in error below par value in violation of Delaware Law. The Company intends to enforce the Delaware par value limitation, and to remedy any transactions that occurred below par in 2014. Under this limitation, the conversion and exercise floor would then consist of 3,036,756,839 shares (a number less than the 13 billion described above) and the Company anticipates that the convertible note holders will either deliver to the Company the excess shares, or deliver cash, or have any remaining principal and interest lowered by the equivalent dollar amount that is owed to the Company as a result of the excess shares issued to these holders. The outcome and timing related to Company’s enforcement of the par value limitation on its convertible securities cannot be determined at this time."
Translate that for me genius Less
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smallcaptrdr24 • 4 hours ago
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wow this is amazing!!!! Great find!!!
bill750 • 5 hours ago
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in essence, the par value of the shares is .001 and shares CANNOT be issued below that price. All shares issued by the transfer agent below .001 were issued illegally and are owed to the company. Bottom line is the debt holders either have to go in the open market and buy them back (unlikely) or extinguish the balance of their debt to offset illegally sold shares. Either way this is a HUGE catalyst for the stock and the fact that people are selling today is idiodic Less
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fishhooks922 • 4 hours ago
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True, but what kind of idiots overpay by $800,000 and just figure it out now? I'm sure its right but I'll wait until we see the response from the debt holders and their lawyers before I count it as a done deal.
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smallcaptrdr24 • 3 hours ago
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good point. Knowing the debt holders, they just kept submitting conversion notices to the transfer agent hoping to get away with it. apparently ADMD's attorney's caught on
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conners.will • 3 hours ago
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What was ADMD's CFO doing while all this was happening? More bad management.
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bill750 • 2 hours 6 minutes ago
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yes obviously it was missed by both the company and the investors. it is specific to Delaware companies so I'm sure it doesn't come up that often
bill750 • 1 hour 23 minutes ago
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zzzzzzzzzzzzzzzzzzz
bill750 • 3 hours ago
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obviously you're missing the bigger picture. Either 800M shares of stock have to be bought in the open market to fix it, or the $800k in toxic debt gets wiped away. These toxic debt funds don't need to go through the company to get shares issued, they can go direct to transfer agent.
conners.will • 2 hours 8 minutes ago
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I get it. Lets see what the response is from the debt holders before we spend the money. I understand the shares go directly from the transfer agent not from the company. Got it! Does that mean nobody at ADMD is supposed to be paying attention to what is going on?
stevebonham247 • 1 hour 56 minutes ago Flag
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Sorry but its managements job not to miss things like an 800K overpayment. This CEO is a bozo. Great science but #$%$ poor management is not real encouraging. Every quarter debt and losses are rising while revenue shrinks to almost nothing. Is it any wonder this is back to .002 again?