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HMONNY

04/15/15 7:27 PM

#21604 RE: Tcsxyz #21601

It was a very thorough Annual & we always liked ADMD for being as honest as they come even with the financial bumps.

Most of that 10k was expected, we knew ADMD did all it can for this FDA approval & the report only confirms that.

I have faith in Jim & especially Mr. Cadwell who has been the biggest supporter of the company. I just don't see him risking so much on a company unless he really felt they have a good chance to pay off in the future.

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imhereforthehaul

04/15/15 7:36 PM

#21606 RE: Tcsxyz #21601

that's because this quarterly wasn't a quarterly, it was yearly, hench 10K, not 10Q

I hope this helps with your question about the lease. Cadwell is the number 1 cheerleader for ADMD


under Rental expenses

Pursuant to a lease for its Corporate office entered into prior to 2013, the Company paid a monthly rent of $2,910 per month during 2013. The Company terminated that lease effective December 31, 2013. In January 2014, the Company relocated and entered into a new 12-month lease for its corporate offices for a monthly rent of $1,500 from an entity controlled by Carlton M. Cadwell, a significant shareholder and a Director of the Company. Because the lease expires in December of 2014 there are no future minimum rental payments at December 31, 2014.