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Advanced Medical Isotope Corporation Message Board

  • jhonsong37 jhonsong37 Apr 21, 2014 7:25 PM Flag

    New to ADMD

    I am new to this board and company, I'm trying to make an investment, just curious why has the stock price plummeted over 50% since they released news on progress report on FDA?

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    • If you review the accumulation up to the announcement date, go back over a few months, you will see high volumes that were building as well as pushing the share price upward. When the announcement on the 21st I believe did not provide a deffinative answer at all but was just a response to classification. There were millions of share acquired as a "trade". The news did not ingender a positive short term outlook so a lot of traders, if not most by now, bailed on the stock. Depending on who you ask here you will get responses as to if the stock is oversold or not. The stock had risen from .037 at the low. At that time there was 100 million shares issued. Now there is 127 million.

      SS

      • 2 Replies to sensiseattle
      • Sorry I have been bombarding you with questions here, but I wanted to get a grip of the company before investing. It was an erratic trading pattern today. The volume was nearly 4 times more than average without no news, and looking at the graph, the average volume picked up just this year. Is there any events or conference calls to be scheduled this week? Has any news leaked out?

        Has anyone looked into the warrants? Is there any conversion or dilution scheduled? Any concerns?

      • Hi SS,

        Seems like you have been following ADMD for a while and know much about the company. After your comment, I looked back and studied some of the press releases. The interim report from the FDA is a little bogus to my understanding. Brachytherapy has been approved previously as Class II device, not sure why they suggested Class III. Do you know any company that has similar products approved by FDA with such classification? Or, is radiogel a new technology that has not yet been classified?

        It has been exactly 2 months since last FDA report, are you aware of the timeline when they need to reply?

 
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