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I have only been here a short time, I have never seen it brought up, hence why I am asking and of course that makes me a little nervous. I am not obtuse to penny stocks running dangerously low with cash on hand. However I do wonder how they are running the day to day finances. I would think that grant requires very in depth details and is not for anything other than to do what is necessary for the vet school business. I am wondering if they are taking on new debt and where it is coming from. I am asking this because you guys are seasoned here and I hope can direct me to where I may find out.
Doing my DD I found this....it reports the company has a little over 500 dollars left.....this is why I ask
http://traders350.com/is-advanced-medical-isotope-corp-otcmktsadmdforming-a-base/723126/
I have nothing but sincere hopes obviously, however I should not be called out for asking about a companies finances, especially when it is one we are investing in. I bought in at 19, 30, and 32 today. I have in total a few million shares so I am invested. Never think my statements or opinions are short based, instead ask yourself if someone looking at the other side of things might have a point. I shouldn't have to defend my self for asking a question. That is very wrong.
Yes they have a FDA....which isnt relevant enough for them so they need to spend money and precious time to apparently try to obtain what they wanted. Getting a FDA for a level 2 when they wanted a level 3 is obviously not what they want. So again, what is your point because I was looking for feedback on the idea of the current debt/liabilites. You seem to be nit-picking from my rebuttal and not at any length helping this hopefully progressive discussion.
Someone playing devils advocate shouldnt be shunned. This IS money after all and I worry more that more of you aren't questioning or raising more concerns. If someone new comes to this board and only reads all positives than you are doing more damage to potential investors than I ever will sir. Some of us look where others dont. There is more opportunity to go against the pack then to follow it. The majority just keep quiet and go along....which is why the majority are living like they are mate. You yourselves obviously like to go against the grain that is why you are investing in a company that has already been declined a favorable FDA decision that mathematically only has a 50 50 chance of getting an approval. Doesn't make sense to tread on someone that has the same mindset but asks legitimate questions to all of our investments now does it?
None taken, I made a statement, one that is relevant to reality. I am an investor mate I do not fall in love and cloud my judgement with hopes and dreams. We all know what happens to those that do that. I am looking for feedback perhaps someone to say "No, I have done some research and found they have X and Y" something I may have missed. I am sorry if I somehow offend you with something other than being a cheerleader mate but this is a business not a pep rally for our football team. I am looking for feedback with means to the business we are investing in, not really a social fan club.
Just a theory, but I am guessing AMIC has hardly any capital left. This is the reason for them to delay their filing, til after they hopefully get the FDA approval. This way less folks will pay attention to their balance sheet and more towards their IP/potential...That is my take...Thoughts?
Only if someone picks up that 2.5 million roadblock
Anyone had contact with AMIC recently?
Got another 295k at 32. Odd how I put the order of 500k in at 930 and it was the only one ie first at that level. Only showed as 300k and only filed 295 yet it shows more than mine filled. Some shady things right there
Indeed I was, that's why I am thinking this time there are people waiting in the weeds. People like to say the flippers will be gone...Truth is in every penny stock there are flippers there always will be...in EVERY penny stock. This is no exception. Don't get me wrong I am invested in this and I am hopeful, however I never look at my investments with rose colored glasses and look at both sides constantly. It is after all money, and it has no emotion
Respectfully disagree, it will fill in...like it always does....It just LOOKS thin but it never is
You are forgetting one thing. A legal patent. When you have the best there is you don't need anyone's permission or help. They come to you. ADMD has the best mousetrap there is and it is protected under a patent. If anyone wants it or even permission to use it they will have to pay an extravagant license fee or acquire the company
Or perhaps the FDA is so busy because the biotech market is so incredibly hot they are backed up. It is 50/50
That is exactly why they would sell. If the sell the company and they own 10-15 million shares and they get a buyout offer of 2-3 dollars a share, don't you think he will take the 10-45 million pay day? Plus being the CEO that brought it to market with now a ridiculous resume to possibly become the CFO at someone like AMGEN? Of course they will. The whole reason to start a company is to one day sell it for an extravagant amount.
Than why if it was already submitted and improved, should it take longer than 30, 60, or even 90 days? Never mind the full 120. I am simply saying if it doesn't get announced by the date I wouldn't panic. I am not holding my breath
I wouldn't put to much weight into that 120 day number. Since when does the govt move fast or meet deadlines for anyone? Also I read that as if there are any questions it stops the clock. Furthermore when the economy is this good and biotech in particular there are more items/products flooding the FDA's mailbox than normal.
Technical analysis means zero when you are discussing a medical device corp in a penny stock that has the fundamentals / IP like AMIC has. Furthermore a patented FDA approval will swallow any negative analysis a chart will show over who / what was bought days before, even hours before once this is out.
Everytime you say the chart is ready to explode it drops or trades sideways
Explain pls on why it has to list on the NYSE or AMEX?
To the folks thinking a penny or two with FDA news: Guys, this will be not an option but the standard for pancreatic cancer. Let me say that again, the requirement in the fight of pancreatic cancer will be what this company has patented. PATENTED If you are holding out for a penny or 2 with news for a revolutionary patented standard setting cancer procedure than you have not done a thorough DD. Either this company will get acquired by a larger firm that will have to pay a large sum for the company's IP or they will license it for extraordinary sums. A penny or two is WAY undervalued. Remember this isn't a headache or a cough medicinal treatment. It. Is. Cancer treatment. You should be holding out for dollars by summer. Do the comparison for when a company gets a green light for Alzheimer's or Hep. They pale in comparison to the largest web of virus stretching worldwide. Every single person on earth has cancer in their body currently. I wish you all well as always, and I will leave you with this....When you hear someone you love has Hep or Pneumonia, you don't think to much about it. Just for them to get better. When someone you love has cancer your first question is how bad and if they will make it. The business side of you should realize there is far more profit in a disease that is synonymous with death. Don't miss out and sell for a quick buck when you can could have held and lived a life of real freedom. GLTA
Could be wrong but I am guessing this slow day's EOD will be a quite one.
After researching the field of the specific isotope therapy treatment, the interview and DD on ADMD. Its only my opinion but, The majority reason to start a business is to eventually sell out. I believe once they get the FDA they will get acquired by a bigger pharma company. I do believe ADMD having real IP on this it may go for several dollars a share. It is the single best new technology in this field and they have the golden ticket for it. Putting just a general price of 2.5/3 times earnings of what the potential is, safe to assume 1 billion of the 2 billion current market (potentially be more but its conservative) that would put the companies price well into dollars. Truth is if it passes FDA and they sell it doesn't really matter if you bought it at 0020, 0030, 0040....It could potentially go into the stratosphere. I hope we all are so lucky not only for our wallets but for the potential if any of us should need this treatment. I usually only play pennies, tomorrow I will invest a sizable amount into this company. I am looking forward to this. GLTA
The higher it is before FDA news the better we all will do in both FDA and financing for them to begin taking marketshare
Sticky is a letter from the CEO, stating there will be a letter to shareholders soon. That was in Feb, any idea on the next one or its subject matter? I am assuming its a cliffhanger for the FDA? Anyone go the info about this, thanks in advance if you do, cheers.
Eh It was for Q4....For a fulltime CEO and third party accountant to not have it by now is more a negative than a positive. All things considered Q1 ends today and they are need an extension for Q4? I would understand if this was a PO Box penny company, however its a legitimate corp with full time staff. It's their only job. ALso, it's not like they have millions of dollars coming in with hundreds of clients........Seems odd to me
Do we know (email from AMDM) why the 10 will be late?
They are just going to dump the 15 million at 40 making a decent return....This individual will not hold that much for long
It wont gap to 48 there will be infills before and it will hit high 30s and low 40s long before...It certainly won't jump
I took full advantage of this and bought a decent amount of shares at 36-37. Just an investment in time. If this eventually hits a dollar (provided FDA and financing) I think I will treat my lovely bride. I hope we all do great, cheers.
How long it takes to get to pennies: With the way some of the pennies have been running as of late I feel that this could go to well over a penny (If it doesn't before FDA news) in hours not days. Once news comes out and if it is positive it will be fast. I mean, it's not like its a FDA approval for a cancer device or anything significant. If it takes a few days to hit anything it should be nickels not pennys...Just my opinion gents. I sincerely wish you and your families well, cheers.
If someone sells based on the opinion of others or what the MM are doing...Than they don't believe in their own research or convictions. Let em sell that's how they learn, by following sheep. I am in this until I see the financing plan if the FDA approval comes through. I may stay in this for quite a bit. I bought more today in fact
For all intents and purposes I will indulge you and answer your question. I "play" one or perhaps only 2 pennies. I use a discretionary fund to play them. I find the risk/reward fun however if I lose the sum of money I am not overly concerned. I used the scale of 30 because it is a even number as I buy in even blocks ie 1 million @30 is easier to keep your mental costs. The fact that I made a statement that I was going to buy more shares at 30 somehow offended you and triggered a need to comeback with an off putting remark. Not sure why you seemed either irritated or threatened by my bid as it really is none of your concern. I digress perhaps if you had more concern of your own purchases you wouldn't be worried about my executions. Whatever the case may be I know this may seem difficult to understand but some of us are / were business owners that have done well. With being the owner comes certain benefits, like a creditor that your business uses asking you to partake in a privileged card. A card that I have that I have to pay a decent amount to keep each year. So while your question is albeit a question it only shows your insecurity and saltiness of the fact. Also showing your small mindedness that some people work harder and maybe a little luckier than you. Either way mate I hope you grow to understand that and perhaps someday your hate becomes positive and a drive for you to do better. Negativity won't help you. Cheers
That is quite funny. My black AMEX says otherwise but you say and do whatever you have to do....."pimp"
Would be nice but I doubt it. I do have a buy triggered for 30 for a large amount though in case it drops to it
Its the Friday afternoon selloff....All pennies go through it and are not immune. Also, if you think the flippers are out then you are either lying to yourself or new to pennys. ALL PENNYS GET FLIPPED. Thats why they are pennys and the reason pennys get flipped is because they are small fish that cant afford to day trade PCLN and biotechs
DO you have proof? If not then put IMO in your hopeful bid. Don't mislead others
Well, I have a smile ear to ear today
Why is there no 2014 financials on their website?
Lucky enough to grab additional shares on that bounce. Let's have that FDA news!