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~
Ouch! The last couple trading days have been brutal. It's not looking good right now for ADMD's share price. Oh well, I guess you win some and you lose some. Weird though, someone is still buying? MDLAND~
Lots of volume today incl. a couple 500K+ blocks going through on the buy side. Not a pretty sight but hopefully AMIC picked up some funds on shares sold today. Of course the big question all of us have is, where is the money going and what is it being used for? I'm sure though that there are multiple opinions on that question. When and if the filing takes place, I wonder what the new O/S count will be? Brutal day today. Sad thing is it will probably continue tomorrow. Good luck to those hanging in there. MDLAND~
WOW....are you IGNORANT!!.....do you understand PIPE financing???....do you even know what it is???....the more you and the other PUMPERS post on here the worse it gets....when a company expands the authorized for the purpose of financing growth, the shares are used a collateral for that loan....once the company starts selling in the open market, the money vanishes and shows up on the next QUARTERLY as COST of OPERATIONS, ADVERTISEMENT and CONSULTING fees.......which could mean SQUANDERED!!!!!....please for the sanity of all involved...STOP POSTING and LISTEN AND LEARN!!
I guess all that I am saying is that, if as a company I can raise 2 or 3 million by selling shares and maintaining my stock price, I'd do it too. Of course there is the obvious juxtaposed point of view in that, Jim is selling shares to fund his own personal interests and/or this whole thing is a scam. But with all things considered, 2 cts a share isn't a bad risk to take. Again it's been quiet on AMIC's end, but after the bumbling and false predictions by AMIC, they need to have all of their ducks in a row before their next 'positive' PR. Even I have to admit, their credibility is fledgling right now. MDLAND~