Anyone see the S-1 amendment filed today? 1-17 reverse split ratio, $39 million to be raised (was $26 million in the initial S-1), $10 approximate initial price target after RS and Nasdaq listing
OK, then why make this stupid proclamation "This is the end folks At least get some of your money out at .20 before it;s at zero, seriously. "? You seemed very serious about that. Keep your bad advice to yourself next time
The deal could also get oversubscribed if CRT Capital brings some heavy hitters to the table
"When Adamis uplist the stock will get a big valuation based on the sales projections of generic advair." So buying ADMP now is like getting in pre IPO?
so who do you think wrote that for "James Burke" to post on seeking alpha? Couldn't be somebody connected to the company, could it?
Didn't brokerbuz say the epi wouldn't require FDA approval? In the S-1 filed 11/15, the company says it does..
" We believe that there is an opportunity for a simple, low-cost, intuitive pre-filled syringe to compete in this market. We are preparing a 505(b)(2) submission to the FDA for approval for sale of the Epinephrine PFS product. We hope to make the submission within a few months after the closing of this offering and, assuming no unexpected regulatory delays, to receive an approval by the end of calendar year 2014 or early in 2015."
They also filed for an uplisting to Nasdaq...
"Our common stock is presently quoted on the OTCQB Marketplace, operated by the OTC Markets Group, under the symbol “ADMP.” We have applied to list our common stock on The Nasdaq Capital Market under the symbol “ADMP.” On November 14, 2013, the last reported sale price for our common stock on the OTCQB was $0.33 per share. We do not intend to apply for listing of the warrants on any securities exchange or other trading system. "
Better question is what happened to the blow hard pr guy living in Texas with his mommy spinning all sorts of bs stories about how high this stock will go? Is he still blowing hot air or is he in hiding now?
Have you considered the possibility that the final settlement agreement (the material agreement) is still being worked on by the attorneys? A mediator's report of a settlement is not a material agreement. The final settlement agreement signed by both parties is the material agreement effectuating an 8k filing within 4 business days.
Is that the idiot who cried bankruptcy? This LG settlement must have put the alcoholic over the edge and straight to rehab this morning
brokerbuz, curious that you didn't attend the meeting but somehow know that "the measure passed with over 90% support". The company has not issued a PR or 8k confirming that, so how would you know that?
The hope here is in the valuable pipeline they assembled and the management team should be applauded for that. As their one board member, Tina Nova, states "large biotech companies would be envious of Adamis' pipeline" (paraphrase). The current market cap is trading at a large discount to the potential value of their pipeline, in my opinion. The challenge they have is how to financially engineer the capital structure of this company into an acceptable investment for larger institutions, and so far it hasn't been too successful. Hopefully the short term pain of a reverse split and secondary offering of 26 million shares will produce longer term value here.