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Advanced Medical Isotope Corporation Message Board

  • moto1960@sbcglobal.net moto1960 Jul 31, 2014 10:29 PM Flag

    I do believe AMIC is selling shares to raise money to bring Y-90 to market.

    In my opinion, ADMD is diluting into to the float. That's my opinion. The main reason for authorizing share is to eventually exchange them for cash. Although the exchange rate is around 2ct. per share as of right now. The listed outstanding share count as of the last filing is about 130 million. You can best believe that as of today, it's more than that. Battelle and the insiders own 22% (of the 130mil) and even I own a couple %. That's about 33mil shares held, and we're still at $.02. If it is still true that AMIC has anything near the 200 shareholders it had early this year, in theory there would be tens of millions of shares still held. I'll be the first to admit though, that at $.02 per share, that is some real fuzzy math indeed. Dang MM's!
    I'm pretty sure though, the outstanding share count, as of this post, is probably a few million shares higher than 130mil, and we'll see that in the next filing
    Now AMIC has stated in the past that they need a few million dollars to bring this Brachytherapy thing to fruition, and it could cost anywhere from $1.5mil. to $5mil. Also, as we all know, AMIC did a lot of borrowing in the past and some of those loans are due in 2014 and 2015. I say that if they can issue, for example, 150mil. of the 300mil A/S shares to the market and raise $2.5mil to $3mil, that would cover a lot of bills and debt and it might be enough to bring this brachytherapy thing to market. The thing is, someone is willing to buy, and yet the price maintains $.02. This is typical of a microcap, but in this case a lot of folks think that AMIC is on the brink of something big and are willing to to take the risk. Are you? I am. MDLAND~

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