Hey Zippy good to see you interested in ADMD stock and posting here again. I bought some shares yesterday @ .035 a share, posted as much. To a degree I am just looking at market cap. Last time when you came around Moto and I were buying lows in Sept-Oct '13 in this range. Prior to that I was buying .08 in the spring of '12. Then there were fewer shares trading and market cap was not so different each time. I am adding early with yesterday's share grab but there is more happening now so despite the 127 million shares floating around out there I wanted to add. After you had departed I had sold some shares at profit and so I only have 25% of my money at risk. As long as the stock held .0175 my money is not directly at risk. I have a core position that I build off of lows and that is for the long term and with very limited personal capital exposure. I have time to kill.
I still do not want to get left out of a rise in share price that is news driven when I have money for the stock in my pocket. Market cap is not really the deal now in my opinion. They got comments back from the FDA. The next piece of logical news we should see would be the direction they will take with refiling RadioGel with the FDA. I think that whether they file class II or class III has its own merits to what the share price will do to the upside but either way there should be some upside because without that decided there is no way that any signifcant interest in the company will come. The big money obviously wants to know what the next step is before they have interest in joining the company in the journey of FDA approval. So there is one catalyst for some limited upside.
Beyond that there are surprises like government grants but I won't invest on that. I was looking for a strong move down on volume and I got it the day after I asked for it. Total coincidence! I bought it. I have kept this core out of my pocket so I can afford to lose it and still sleep great at night.
Just another note and I am outa here. The last time we did this song and dance dog and poney show it worked out pretty well for us. Didn't wait for those two cent shares, ha ha, and you got to sell for a tidy profit at .10 cents. Pretty nice I would say.
lol., closed up 16%
ADMD New$ coming, and I'm holding a nice amount Under .04's
Must burn pumpachump, notice is multi ID is posting early today
Lookie lookie, basher pumpachump posted twice early this morning under different ID's, he knows what's coming, don't yah chump?
lol, loaded up with an average under .04
Bring on the New$ ADMD
Crazy like a fox, and your irrelevant.
Kayak I completely agree on grants. I wouldn't invest on that at all. Some on the BOD might have a connection but sure it is a long shot. You mentioned it here or on another post that we do not know what the response said. Many bio-techs have made available these responses in the past. ADMD should do likewise. Lastly one of the board members has good experience in developing studies as well as managing them. This is very valuable intellectual knowledge and I hope they can tap that soon. It is another reason that I want to know the next step forward. The FDA response was neither good or bad. What ADMD plans to do with the response is what matters. The first study I would think needs to demonstrate the gels capacity to maintain tumor exposure within the subject. Then what about allergies? How about the bodies ability to absorb as well as process the polimer without causing organ damage that exceeds the value of the treatment?
I have always expected there would be further hurdles to jump before this medical device could be accepted. Apparently many others did not. I remember the posts that my concerns stated these issues when the stock was overpriced at twenty cents. Animal tests are not human test. I exited and the buyers then are the haters now. Just how it is.
Go back and read Stupids posts. What a moron! He says isotope sales are going to be huge for ADMD and to forget radio gel as never going to happen. He said he bought at .15 cents and called it a strong buy. This clown is an idiot.
Given these are not new materials I do not think allergies or ability to absorb are an issue. The demonstration that the gel stays in place and appropriately irradiates surrounding tissue could be.
The reason many felt that there would not be any more hurdles is that company put out a PR saying they 'anticipated approval of the product from the first submission (or at least made it sound like their comment was relevant to first submission). They either didn't think there would be problems or they were purposefully over estimating the ease of acceptance. Either way they lost a good bit of trust from me because that makes them either poorly informed or dishonest.
It was dead and gone when they announced the failure in getting FDA approval. CEO is gone and probably working on his next scam already. Pumping morons on this board are just too stupid to know their money is gone.