On May 15, 2014, Advanced Medical Isotope Corporation (the "Company") entered into an agreement with Battelle Memorial Institute, an Ohio nonprofit corporation ("Battelle"), pursuant to which the Company issued to Battelle (i) a 10% convertible debenture in the principal amount of $350,000 (the "Debenture"),
(ii) a warrant (the "Warrant") exercisable for shares of common stock of the Company (the "Common Stock"), and (iii) 532,609 shares of Common Stock in satisfaction of a promissory note issued by the Company to Battelle on May 1, 2013 in the principal amount of $349,913.41 as payment for research services performed by Battelle for the Company.
The Debenture was scheduled to mature on May 15, 2015 and on June 6, 2014, Battelle converted the Debenture into Common Stock for a total issuance of 16,530,974 shares of Common Stock.
The Warrant is exercisable for three years from issuance to purchase up to the number of shares of Common Stock equal to the quotient obtained by dividing the original principal amount of the Debenture ($350,000) by the Warrant Exercise Price (subject to adjustment to maintain the original value proposition and to support the ability of Battelle to convert the full value of the indebtedness to shares of Common Stock) at a price per share equal to the Warrant Exercise Price in cash. The "Warrant Exercise Price" is equal to the lesser of the market value (defined as the mean market closing price per share over the 10 trading days immediately prior to the notice date of exercise) and $0.046 per share.
The securities described above were offered and sold in reliance upon exemptions from registration pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended.
Where did the shares come from? Did Battelle buy them on the open market, or did the company issue them like currency, and dilute the value of each share by 10%? Huge difference.
Battelle is a major player, after taking 11% ownership, there gonna light a fire under ADMD/Managements ars and get this RadioGel/FDA application moving!
After all, Battelle doesn't gross $6 billion by sitting around waiting for things to get done, they make it happen!
They took the stock in payment for their license fee's. Deadbeat ADMD can't even rent an office. It was take the worthless stock or get nothing.
Yah, a $6 Billion Dollar a year giant was forced to take stock from a smallcap, what kinda moron are you?
Or are you loading shares because ADMD has partnered with Battelle and is very close to getting FDA approval ?
I'm gonna go with a moron who's paid to troll this board.
Even these idiots know that this is over. They are trying to get others to buy so they can dump it. Problem is nobody is as stupid as the pumping morons. LOL. This will be sub one cent very soon. Its worthless junk.
Get real pumping morons. Battelle doesn't want this junk anymore than anyone else does. ADMD cant pay their debts so they had no choice. Its over, fools. This is garbage going noplace but bankrupt.
More coming, ADMD has this lined up with MAJOR players, RadioGel will save millions of lives.
The junk is falling every day. Morons never learn. Its a 1 cent stock for a reason, fools.
These 3 tidbits from the recent 8K are some of the reason that I invest in AMIC. Perhaps AMIC doesn't know how to pursue FDA (re)classification, but we have a much better chance with Battelle picking up after AMIC dropped the ball.
1) ........ in the principal amount of $349,913.41 as payment for research services performed by Battelle for the Company. 2) " ......... We continue our close collaboration with Battelle and look forward to commercializing this exciting technology.” 3) Battelle acquired its interest in AMIC by converting a note previously issued for partial consideration of studies conducted at PNNL..... MDLAND~
Heather works at Greenleaf Health llc
You can contact her at thru company web site, there you can confirm that she is working with ADMD.
Battelle is a bigger part then you are giving credit to, it's all gonna come together.
Speaking of investing with locals. It definitely doesn't work all the time. I got creamed once on CLWR. That was funny. Then CTIC and recently OMER (Omerus) went lunar boom boom ballistic on me. You just never know. You never know. ADMD is going to be a very challenging ride. I hate to say it but with 500 million shares, a money problem as well, it could get nasty. Could RS after issuing all the shares and start over again. I have seen it. I watched CTIC kill investors for three years. I bought $10k of the junk with an average of $.09 and the sold the junk seven months later at $2. Then they started the dilution show again, along with RS and got their stock back below a buck. Only the last year have they gotten it together enough to maintain their share price. So happy I left them in '09. Took a lot of that money over to Acadia and waited a couple years for that thing to go. You just never know. ADMD should be a tiny piece of a portfolio. No one can afford to "lose money" so to heck with that hog wash but you also have to hold your nose and buy more of a loser. Anyways, you better be darn patient with ADMD. Sell it up to keep your real average super low. All I can say about that!
I am definitely sticking around as well. The SP is still to high for me now. I like to lower my basis too and I will not make much of a dent there at these prices. I did something funny and put a high sell price on my position. A buy me out price. Then I do not get tempted at all as my Fidelity says I already have an order in. It is just a psychological control game I play.
I started nibbling at ALDR (Alder) today. It is well off its highs but still above its IPO price. It is a popular local Seattle pharma play. It has some heavy hitters from Seattle in it like Jeff Bezos. Not like they are investment gurus but it is fun to invest with our local business leaders.
Anyways, all my money is not with ADMD that is for sure. I carry a 4 stock pharma bucket now with ALDR added to the mix. Hopefully I can buy it down a bit more before it finds its short term base. Volume sucks now so it should come off a bit more but I never really know of course.
Best fortunes on ADMD. Of course I will post if I add again to the ADMD position. PATIENCE!
Where is that information publicly available? I have looked all over when it came out on this chat page but could not find it anywhere that she was working for ADMD?
Who know what's coming in the next 60 days, I'm with everyone else and wishing the management would put something out. I'm adding and holding, for a year or two, once FDA approved the real fun begins. They are working with FDA, it's not like they've stopped or given up. Y-90 is a game changer, as is Battelle, these two entities are why im invested for the long run. You are right, "everything is about ROI" and it could be this year or next. I'm optimistic, thinking we hear something within the next 60 day, hoping it's really like 30 days. the trading looks suspicious sometimes, a few share to drop it and see if weak hands will fold and sell, then it pops right back up. Someone is shakin the trees hard, one might say someone sees something coming????
Yah never know, unless you stick around.