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.
He also thinks the human approval will come within the next 12 months without clinical trial and not needing to spend millions on it.
Company is off til when? What, did Korenko lock the door to the spare bedroom in his house?
Lol been said for how long now?
Who's writing the check to buy Battelle's patent for another year next month?
Market is tanking. Money just got even more expensive to buy with another rate raise. There is no funding partner coming. Even if there was, it would be so toxic and one sided that it would be seen as detrimental rather than an advantage to seasoned & outside investors.
Wall and Main Street financing is running scared and in panic mode. Whether you are long or short this stock that much is true regardless.
This will begin a decline now. There is no bright future ahead for the foreseeable future. The decline in December this bad has set the precedent for the markets that birthed
2008, 1987, 1973, 1941, 1937, 33, 32, 31, 30, 29, 20, 17, and 07
Pull the plug
This isn’t as great as you think it is. The funding will be toxic which will push and so far has kept any chance of respected investors away.
If I had a dollar for every time I heard that, I'd have more than RDGL does. Not hard lol
And after 6 years ADMD and RDGL have treated less than a dozen cats and dogs. Lololol
Exactly
Yea no, this is going straight to the FDA and getting approved this time though
And after 6 years ADMD and RDGL have treated less than a dozen cats and dogs. Lololol
Exactly
Yea no, this is going straight to the FDA and getting approved this time though
How do they plan on paying for the patent lease next month?
De Novo (the classification that RDGL is seeking
Not once, not ever, nor will a de novo be passed to allow human clearance without clinicals for a gel that congeals in a polymar form that contains nuclear medicine that must be injected into a cancerous tumor.
Show any de novo in this class that has been approved that contains just two of the three of these
Injected surgical procedure
Polymer
Nuclear medicine
There isn’t. There won’t be any that passes with all 3. This has failed twice with ADMD and once with a company before RDGL FDA. Submitting it for a 4th time bc they did animal trials for a 2nd time won’t yield any different results.
The fact they have spent this many years doing this and resubmitting the same data that Battelle knew already years ago is very telling
Spin off what? There’s zero assets, they don’t have the permission or rights to sell Battelle’s patent. Says in their agreement
He did not get paid as their original agreement. Yet another promise broken by Cadwell. But yea no, paid or not if there was great news coming he would have stayed. If there was a potential for him to ride the elevator up, he wouldn’t have bailed, period.
Another great milestone of any great company: subcontracting a CFO that makes 6500 a year. Yea this is looking great.
Can’t imagine why Jolif would leave with such promising news coming any day.....lololol
Exactly, Joliff wouldn't have departed if the future looked bright
Incorrect
What are they buying. Battelle's patent? From a company that doesn't own it?
The 30M in debt?
What are they buying?
You are 100% correct. There is zero certainty that Battelle will renew with them. Their agreement also states that either party can end this agreement force mejure.
Al BS aside it is a annual lease and there are no guarantees
Chief stop stating facts, it’s not helpful to pump this.
It’s also amazing that those that claim to have been here for a while can’t seem to admit or remember that you’re right about this
A better Radiogel without the nuclear
https://www.linkedin.com/feed/update/urn:li:ugcPost:6475029923152039936
Lol this is done
Yea but this is the year
*Said every year since 2011
Only thing tangibly different from 2014 to now is the debt has increased.
"No its not, animal testing has been done!"
It was done before too. Spend a few hours looking it up
There are 3 "employees" here
Jolif
korenko
Cadwell
None of which are full time.
They all report down to Korenko's basement every day with brief cases and suits on while one of their wives bring cookies for lunch as they discuss how to cure cancer. You know, because real companies don't have actual working space. It's the mark of every great company. After 10 years of being taken to court and being evicted (actually in their SEC filings) to go to the basement or garage. I mean, Microsoft and Dell had it all wrong starting out in a small bedroom or garage then growing & going to a company owned building right?
Only 1 is "new" to the company. But, he isn't. Korenko was on the board of the company years ago. He came back to be the CEO because - NO ONE ELSE WOULD DO IT
Cadwell owns by and large the vast majority of the stock and has ALMOST enough controlling votes between his trust account and individual account to do what he wants. (count it out, it's all there in black and white) The same guy that has brought this to this point years ago with animal testing and then......stopped. Again, 2013 & 2014 say hi.
Go back 6 years, there are patterns here and familiar people coming and going.
Meanwhile Cadwell usually earns a nice 10% ROI on his money annually without lifting a finger.
The company themselves stated they will need another 1.5M just to keep the doors open for the next 4 qtrs. They would need 10M to implement this as a company for production. (Per their own SEC filings) They have been to several penny begfests in the last 24 months and presented at several conferences and have come away with no liquidity injection. Per their own words - they will need to buy the patent again in January for another year. _Because Bagatelle owns it)
That's what I mean.
But don't worry this company that can cure cancer that nobody seems to know about and has a device that no one knows about is now finally going to be all set because Sharp is going to crack this wide open.
Right.
Agreed long-term he has helped zero companies.
What new management? There's 3 people to this company. 2 of them are the same as before and 1 of them owns this company, has owned this company, and will continue to own this company until that gent is dead.
Wow are you in denial. The largest shareholder now has not just a board seat, controlling interest but an also a position now.
Nothing is different. Except the company valuation is actually less than years ago and the 30M+ its lost but
Who does?
Cadwell?
He's been the one making decisions and calling the shots for nearly a decade at ADMD / RDGL and never was this or has this actually gone any further than it is right now. If you go back to 2013 and 2014 they were at the same precipice they are at right now and then it stalled. Ask yourself why
If you think it was Katz, you don't know how a board and a CEO work.
The CEO does the day to day. The real decisions are handled by the board. Considering for the last 10 years Cadwell alone had enough voting power to make whatever course or discourse for everyone and the company has only gone this far while he consistently received 10% on his notes the company used like an ATM.....without having to lift a finger.
Nothing / buisness as usual for a pinky
But hey, they're going to cure cancer right? That's why so many people are lining up to lend this company money.
There are teenagers on Sand Hill Road and in the Valley getting millions for ideas on a napkin. This company cannot get $100 for cancer.
It's why nobody that is a respected investor will take this on.
Incorrect they have had animal testing once before, submitted the data found, and still denied. This is actual and can be validated
They are under the product. Dr Fisher who was key in the origination of this was the liaison when it failed for the second time
They’ve been saying it for the 3 years I’ve been here
George is getting paid one way or another to go. That is why he is going, not because he is a great guy.
"Further to our Monday July 30, 2018 news release, “Our intellectual property protection is always a priority to be funded in a punctual manner. The primary fee for the Battelle license was paid on schedule in January 2018. There are no more fees due this year.” Dr. Mike Korenko"
From their Twitter
They don't own shit they lease it annually and it says in the contract they will lose it if payments are not made.
They have nothing to sell
They have $0 in the bank and a payment coming up in a month and a half
What is being bought exactly?
The Patent is owned by Battelle - simple patent search will show you this
No hard assets to acquire
No IP owned that isn't leased from Battelle
What is being purchased? Their debt?
Coming for SEDG. Glad you admitted that Solaredge is king
With Solaredge acquiring a battery company with a string inverter and optimzers, there is literally nothing in the industry better that can outperform it. Biased or not that is electrical engineering at it's most efficient period.
How's Enphase's battery doing? Right...
Anyway solar farms are now using SE. If they don't use SE opties they go back to the old string system. That tells you everything you need to know in PV
The floatovoltaic farms and fields are still resistant to use the overpriced microinverter system.
This quarter is going to look great in a few months with revs in the toilet. All because of piss poor management. Say what you want, SEDG has these problems and issues planned in advance. They use their own capital each quarter to hedge instead of what this does and pay 11% interest.
Show us the patent number. Then show us the agreement between Battelle and ADMD as it was written. Then show us where it says all IP is wholly owned by Battelle and any further potential guardianship resorts back to Battelle.
I’ll wait
Meanwhile with zero money how will they make the license payment in January to Battelle. If they don’t make the payment all of this disappears.
That is a fact
There is no owned IP to buyout. The patent is rented annually and not theirs to sell. The only this company has is debt. No bullshit. Read the Q. Says that righ in it!
Although the Company is seeking to raise additional capital and has engaged in numerous discussions with investment bankers and investors, the Company has not received firm commitments for the required funding. Based upon its discussions, the Company anticipates that if the Company is able to obtain the funding required to retire outstanding debt, pay past due payables and maintain its current operating activities, that the terms thereof will be materially dilutive to existing shareholders.
And 0 dollars. That convention was a bust. Just like the other 3 were.
The guy that controls this is turning what 73? 75? Yea, no this is going to happen though.....
Greatest economy the country has ever had in its history and a time when teenagers were getting millions for ideas...this company can’t raise $5
I said what last time? Fact is fro their own mouths, they cannot sell product they cannot produce. You think all these installers will put their business on hold and wait for 3 months for Enphase to fix their fuck ups?
1) They won't turn shit for revs in Q4
2) SEDG is crushing ENPH and owning solar right now and this obvious amateur hour mistake of not foreseeing a supply shortage at the same time they were touting this will happen months ago....tells me and anyone else with half a brain that they knew was going to happen and didn't hedge. Meanwhile the installers that have jobs under contract and a lot of these contracts have install dates on them per local and or fed reqs must be installed on time. Take a wild guess which system they will be using.
Enphase still over here charging for monitoring their systems....How is 2012 treating you anyway?
Lol you paying attention? Enph won’t be selling shit for the next few months with no materials. Check your news, Enphase is fucked for the next quarter at least. Pay attention.
Laughing my ass off at the news that is about to come out in a couple days. Stand by for the announcement of a massive shortage coming.
Volume has dropped off the table