"Those of you thinking I will hold" the amount of notes that will convert over the next ? 4-6 months? Will push this company under, TRUST ME. If you were Cadwell (if you were worth tens of millions and looking retirement in the face (he is over 70)) You wouldn't continue to rent out the office for free essentially, when you can rent it to someone that will pay, pay Jim and Joliff another 225K for the next 6 months combined income, and dump more into this. You would not pull out, but you wouldn't throw good money after bad and you know it. If you would chances are it is why you are not a millionaire today. HOWEVER, this company in their own SEC annual K stated they cannot keep the lights on as it is. They even stated they couldn't EVEN WITH FDA APPROVAL! (This is actually in the SEC filing) Its there in the K! Now is the time to be smart and take whatever you can and still have at least a few grand / hundred dollars. Take your losses and write it off in your taxes at years end. The amount of lawsuits is currently at 2 and believe me it will grow. Also make no mistake about it this WILL be investigated by the SEC halting EVERY POSSIBLE BUSINESS transaction.
Furthermore this will be great for I$R and others in the space...I would play these for a few days to hedge.
Folks in business sharks smell blood and with the internet, this just became one of the best opportunities for any company in cancer or would have been competitor against ADMD. Not just big pharma but someone like myself that makes a living doing things like this:
I can call Battelle and speak to their legal today this very morning and go over their contract they have with ADMD off the record of course. Review their escape claus and offer them twice the annual license fee (seeing how their share interest in ADMD is now pretty much worth what about 25K? in other words worthless to Battelle and a mere tax write off for the loss) and then broker a deal essentially selling the license to (fill in the blank here to any company)
This company will not be financed by anyone else with its current situation. Its "radioactive" waste for a lender and they dont care two s&its about radiogel...Lenders only care about risk and a critical path for a return of their money
