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.
I don't have PM. And i don't think I said anything non factual... You clearly skipped past my point of " they will only get through clinical trials if Cadwell or someone forks over the dough"
I did just fine here, wished for a bigger play, but it is what it is. You can skew my post anyway you want but I challenge you to find something I stated that isn't factual or supported.
Thx, Rosy
Interesting observation:
They reference a new DIRECT de novo for the 4th Q. I've never seen the term direct used. Any insight on if this means a bump to the top of the list possibly avoiding the long wait next time?
Anyone else seen this?
Takeaways:
News sucks.
Not a complete denial but a request for more information with a "hard" date of 4th Q to resubmit
De Novo was real and was submitted as the company said.
Insider trading- it happens, nothing you can do.
We were somewhere near the 186 days that we all pretty much concluded from the averages of recent approvals.
ADMD will probably only get through clinical trials if Cadwell or someone forks over the dough.
I get to multiply my new share position by more than 20 in the next few weeks and hang on until 4th Q.
If they do the trials, there will be results from those testings published most likely in the Fall. The same PR on a recently huge peak ticker which were all familiar with increased the share price hundreds of percent.
Tough news, but some silver ( okay bronze) linings.
If you still believe and Jim has a formulated plan with money behind it, there's still a great shot at this for 1Q 16. Otherwise... Not good.
ADMD
Because we seem to go in vicious circles with our top 3 subjects. I'll repost this.
The 510k was not approved for being NSE however the FDA rejected 60% of them in 2013. Mostly for dumb reasons like having two "page 17's".
http://medicaldeviceevents.com/fda-refuse-to-accept-policy-510k-submissions/
ADMD
Then share the source with us considering you clearly know more than everyone on this board and the company.
You know exactly what we know about the FDA decision. Nothing
Slap that ask!
Great volume boys and girls cmon ADMD
And how much was sold at 26...
I'm not an expert, but if you look at the trades for today, you'd have to had bought about 2,500,000 shares at 22 and sold them at 26 to make $800.
How is it that trades of that volume at those numbers aren't on my chart?
Not trying to be a dick even, just honestly not sure I understand what I'm missing.
Did some more DD tonight.
I'm feeling a lot better about ADMD. This is just based on my personal and most recent DD as I've yet to hear back from one of the original Cogelix team members.
In short- I'll make a few key observations.
1. FDA approval is all that matters and why we are all here. Without it, we lose. With it, we win.
2. It does not matter if Jim is a genius or an idiot. It doesn't matter if he's a good businessman or communicates with his shareholders ( but would be nice!) It doesn't matter if he has a spotty record. Why you ask? I'll answer that in number 4.
3. Dr. Darrell Fisher and Dr. Anna Gutowska and (Novella Bridges) are the only important names to know. The Cogelix team was a group of students working on utilizing the people's technology noted above. They requested $58 mil in funding in 2002 to take this through FDA approval and to market which they didn't get (funding) so Cogelix was dissolved in 2003.
4. Radiogel. The actual product that we are all betting on... ( I'll get to the delivery method) Was NOT developed or invented by AMIC. It was developed and invented by the individuals listed in number 3 above. AMIC can be the sketchiest company in the world and still have a killer product developed by 3 scientists whom WON the 2004 American Chemical Society's Regional Industrial Innovation Award for Radiogel. If you believe this to be true, great. If not, no worries either. PNNL was where this was developed and if you believe in the product, the rest doesn't matter... AMIC signed exclusive licensing agreements in 2012 for the Radiogel delivery technology. Which brings us to number 5.
5. Delivery method.
We are betting on the FDA thinking that these minimally invasive injectable microspheres ( seeds )are safer than the existing glass nodules that are already approved. PEG's or poly ethylene glycol gels are also already approved by the FDA as a delivery vehicle for types of gels and cells used for bone and tissue. We're essentially looking to combine an already approved delivery system with a proven isolated radiation treatment to target solid tumors...
Do your own DD, but enough for me to bet on IMO.
All - I tried to avoid biased or contradictory information and stick to a summary of my findings in an effort to avoid confrontation. Once again, to each their own and good luck everyone.
Go ADMD
Not a great day at ADMD, but a lot of strong buying at the end with a solid recovery from the extremely low 2's. Most of us were here the day this ran from .004 to .0065. It's just a bad day, the goal hasn't changed here. FDA approval or bust. We all know that. Don't worry too much about the daily pps and start loading on these dips!
Go ADMD
I've emailed one of the original 4 team members from the University of Washington and Cogelix Radiogel project from 2002. I've asked this person to please provide some insight as to what occurred with the business plan, product, marketing, and FDA request.
It is important to keep in mind that the FDA process for approvals as well as de Novos has changed several times since then.
I'll keep you all posted if I receive a response.
ADMD
10:4
The last de novo approval (brainport) was approved 6 days ago and was submitted in late 2013... It takes some time. Nobody knows when it will be decided on.
Haha this was discussed back in 2014 and is irrelevant. No criminal action...
Also, guess who was on the Board for Advanced Biometrics in addition to Jim at that time?
CIA Director Robert Gates and Microsoft President Michael Hallman.
Off to work, have a great day darling.
Hope everyone has a good day!
ADMD
I don't need to be told how to spend my money by someone who isn't invested in a stock which I've been in since December.
Do you have any idea how many companies change name, undergo mergers and acquisitions, and "move money" prior to breaking out with the successful product/service/idea? You're referencing things from 21 years ago... It's a criminal offense to misrepresent or lie on government documents such as these. I don't see any criminal suits on these two pertaining to scams. If you do, I'd be interested to see.
Thx sport but I'll stay long and pick up the sells from weak hands.
ADMD
Must Read:
Advanced Medical Isotope Corporation (“we” or the “Company”) was incorporated under the laws of Delaware on December 23, 1994 as Savage Mountain Sports Corporation (“SMSC”) for the purpose of acquiring or investing in businesses which were developing and marketing active sports products, equipment, and apparel. In April 2000, Earth Sports Products, Inc (“ESP”), a corporation registered in Washington, merged with SMSC. In April 2000, HHH Entertainment, Inc (“HHH”), a Nevada corporation, merged with SMSC. As of the date of merger, HHH was the only stockholder of SMSC. SMSC had limited activity from inception and was considered dormant from the period May 1, 2000 through December 31, 2005. On September 6, 2006, SMSC changed its name to Advanced Medical Isotope Corporation. Our principal executive offices are located at 6208 W Okanogan Avenue, Kennewick, WA 99336 and our phone number is (509)736-4000.
It's called mergers and acquisitions, not failed closed or inactive companies. Read the prospectus.
Long and Strong! FDA news is coming and that is the only thing that matters.
ADMD
Thanks! No PM.
Go ADMD
He has a history of "talking to CEO's on their cell phones and texting with them". Not buying it. As I said in my post the day he stated he spoke to Jim, there are some people I believe have had email correspondence with Jim although I've never received a reply. The phone calls seem a little far fetched IMO.
ADMD
That would be awesome. I'll throw $100 at it if you can get him to say War Eagle;)
Agreed
He's being a smart ass because the "Soviet Union" hasn't existed for a long time. Could just be a slip up, but most people would say Russia I think is his point. Still irrelevant if what Jim said is in fact true.
The twilight zone looks pretty green today
Let's break through these 4's!
ADMD today's highlight on Microcapdaily.
http://www.microcapdaily.com/stock-spotlight-is-advanced-medical-isotope-corp-otcmktsadmd//
C'mon ADMD!
We're almost at the finish line!
Go Hawks go
http://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfPMN/denovo.cfm
The only thing that matters for us
* approved it on 6/5, not today.
Cognivue DEN130033
FDA approved a De Novo today which was received in 2013. That's almost a 2 year turnaround for that one.
Hopefully ours is next!
ADMD
Saw your movie, Vinny. Nice work
Holy f*** look At that resume. He should run for the White House. Nice find!!! Has to mean something big is coming
You've done a nice job demonstrating the relevance and validity of your "opinion" thus far. Yes, 2 De Novos were accepted and approved in April. How many were submitted and declined?
We don't know. Neither do you. So moot point.
Contribute something relevant and factual or go to another ticker.
LONG and STRONG
ADMD
And before you say something about the 510k being rejected, the FDA rejected 60% of them in 2013. Mostly for dumb reasons like having two "page 17's".
Don't speak until you read.
http://medicaldeviceevents.com/fda-refuse-to-accept-policy-510k-submissions/
And you made yourself look dumber. This is a De Novo application not a 510k which was already submitted and rejected last year. Hence the reason for the de novo. Different process, different timeline. Do some homework before you lose the ounce of possible credibility you have left
The last two de novo approvals were April 1 and April 9. Wednesday and Thursday respectively...
Today is Thursday and something strange is definitely in the air. Besides the idiot who "talked to the FDA"
ADMD
L2?
Slap that ask!! So thin.
Power hour should put us green.
ADMD
Well said.