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Advanced Medical Isotope Corporation Message Board

kayak_wench 167 posts  |  Last Activity: Jul 29, 2014 1:19 PM Member since: Oct 31, 2009
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  • kayak_wench kayak_wench Jul 29, 2014 1:19 PM Flag

    under "investors" tab then "presentations"

  • Much of it is a rehash of slides from older presentations, but a bit of new information in terms of slide 16 stating they are going to get FDA approval before pursing foreign approvals. Mostly what this says to me is that they gave a presentation in early July to someone.

  • Reply to

    Signs of life in ultimate power truck

    by kayak_wench Jul 14, 2014 12:01 AM
    kayak_wench kayak_wench Jul 28, 2014 11:16 AM Flag

    They keep tweaking the website under development. Adding some nice graphics and some really stupid ones. Hope they get input before publishing the ones that make it look stupid (the old guy head with the stupid expression needs to go!). Also added more relevant information like tables comparing savings using HPEV mobil generation compared to towing a generate using various fuels that I cut and paste below. The first column is probably cost per gal (which I paid $3.3 for gas...sheesh much closer to $4 here). This company looks like they are focusing on market the trucks to companies that buy fleets. Only a fleet would appreciate the savings noted (a few hundred to thousand). Although the cost savings ignores the flexibility from not having to tow a trailer. If you want to get in an work on things after a disaster, towing a trailer really limits where you can go. I don't think the stock will move until revenue is formally documented, but when they get the trucks ready to sell I think sales will follow shortly after.Then the question will be can they keep up with demand, and will the technology prove to be robust and hardy in the field.

    UPT Savings at 20,000 Miles w/ Tow Behind Generator
    Fuel: Fues Cost - Cost w/Fuel - HPEV cost
    Diesel: $3.977 - $7,107-$9,469 - $6,312-$7,101
    LPG: $3.478 - $6,210-$8,280 - $5,520-$6,210
    Gasoline: $3.309 - $5,908-$7,878 - $5,252-$5,908
    CNG : $2.150 - $3,839-$5,119 - $3,412-$3,839

  • Reply to

    Purdue Pharma’s Targiniq ER gets approved by FDA

    by drehmsm Jul 27, 2014 10:20 PM
    kayak_wench kayak_wench Jul 28, 2014 10:01 AM Flag

    Right, because part of the FDAs job is to decide that that only a few companies get to use a given technical approach and limit competition. What an ridiculous thing to say. Approval of a similar drug would actually improves the odds of Elite getting approved because it means the FDA is comfortable that the approach is safe and effective (the first companies got to pay for proving that and the followers get to ride their coat tails). FDA is not in the business of deciding what types of drugs should be brought to market simply whether a drug can be safely allowed on the market.
    If your second paragraph had merit it would mean they would not approve any drugs, not just approve one or two.

  • Reply to

    Most notable, lasers post on the hub

    by no2koolaid69 Jul 24, 2014 10:17 AM
    kayak_wench kayak_wench Jul 24, 2014 1:31 PM Flag

    There is room for several ART competitors in the market. Apple had the first successful tablet, and it is a great one, but competitors are eating into their sales. If Elite's product works as advertised, if there isn't some much much better alternative, and they have a good partner for marketing it will generate healthy revenue. I didn't catch whether Purdue’s Targiniq is a generic. If not, much like the competitors for Apple, a generic will steal sales based on price alone even if the product is subpar.

  • kayak_wench kayak_wench Jul 23, 2014 7:45 PM Flag

    I think I found the link where you get 6.2 billion, but thats before cost of operations. For 2009 their revenue was 4.878 billion, and their cost of operation was 4.816 billion. For a grande total of revenue over cost of operation of 62 million. But that is before their 'non operating costs' roll those in and for 2009 their total net income was 31 million. This is from the reference on their wiki page (the one provided as part of the 6.2 billion number). Almost all of their income goes right out the door to pay for the research the customers give them the money for. From the auditors report it looks like they take most their profit out of overhead of that income, with few million from royalty, license, and patent income (30 million in 2009). They are not rolling in cash by any means. None the less Battelle has much deeper pockets then ADMD, but you are misleading (maybe intentionally) investors with the constant parroting of the 6 billion number.

  • kayak_wench kayak_wench Jul 23, 2014 6:58 PM Flag

    where do you get 6 billion? Hoovers lists Battelle Memorial (which is the component of Battelle that invested in ADMD) as having revenue of $4,795.967 and income of $-7.305.

  • Reply to

    Signs of life in ultimate power truck

    by kayak_wench Jul 14, 2014 12:01 AM
    kayak_wench kayak_wench Jul 23, 2014 9:23 AM Flag

    They have provided updates buried in the recent SEC filings. In the Form S-1 submitted in early July. For heat dispersion they broke down when they can sign licenses which I found surprising as "when the product is ready to be manufactured on the licensee’s regular production line, after all development and testing to industry or governmental standards have been completed." I'm thinking this explains the delay in anything from ESCCO.
    For mobile generation they broke down their million dollar order into exactly what was ordered..."....we have orders for 25kW, 50kW and 70kW and capabilities for up to 200kW mobile generators. We also have orders for two trucks that we currently expect will be delivered in 2015 for 200kW." Disappointingly they pushed revenue out for this business until the next quarter. They must be having a more difficult time manufacturing their equipment. The ultimate truck website looks like it is ready to go except for filling out the inventory portions. When I first found it it had only a handful of pictures and fewer details, but they still have no pictures of the equipment they will sell. Hence I think its a manufacturing delay.

  • Reply to

    Signs of life in ultimate power truck

    by kayak_wench Jul 14, 2014 12:01 AM
    kayak_wench kayak_wench Jul 14, 2014 12:12 PM Flag

    The site with the name of the company is parked. Probably until they finish the content of the website (that looks like its under development at the location I mentioned...or maybe they just loaded a draft to the web to share some content with others). Wouldn't be surprised to see it disappear soon, but glad I got to check it out. The FAQ was particularly useful. The work truck generator can be fully immersed and still work great after just dripping dry. Google is kind of creepy how it can find anything whether you want it found or not. Looks like they are hiring too...well maybe not but they plan too
    UPT is always looking for new team members. Currently we are seeking the following positions:
    Mechanical Technical in Tampa Bay Florida
    Sales personnel in Tampa Bay Florida
    Receptionist/office duties in Tampa Bay Florida
    Mechanical Technical in Miami Florida
    Sales personnel in Miami Florida
    Receptionist/office duties in Miami Florida

  • I finally found what I think is the draft site. google "utlimate power truck, llc Mobile power". Then go down to about the 7th result. It starts with letters "a34668". They have some inventory on the site and advertise they do rentals (smart I would rent to see if I liked it first). Looks like revenue is on its way! They are going big or going home as they list their planned locations....
    Miami, Florida
    Jacksonville, Florida
    Atlanta, Georgia
    New Orleans, Louisiana
    Dallas, Texas
    Chicago, Illinois
    Houston, Texas
    San Diego, California
    Orange County, California
    Long beach, California
    Los Angeles, California
    San Jose, California
    San Francisco, California
    Seattle, Washington
    Las Vegas, Nevada
    Detroit, Michigan
    New York, New York
    Boston, Massachusetts
    Washington, DC
    Philadelphia, Pennsylvania
    Pittsburg, Pennsylvania
    St. Paul Minneapolis, Minnesota
    Denver, Colorado
    Salt Lake City, Utah

  • kayak_wench kayak_wench Jul 13, 2014 2:42 PM Flag

    I believe Nasrat said he expects to make a decision about whether they will go with a partnership or not by year's end. He has not ruled out going it alone if the partners wants more than he feels a partnership is worth. But that doesn't take anything way from your observations about Elite's momentum. We are having to wait longer for the market to recognize the potential, but as long as the tests keeping coming back positive we will get there.

  • Reply to

    Only new information in PR

    by kayak_wench Jul 7, 2014 6:54 PM
    kayak_wench kayak_wench Jul 8, 2014 3:01 AM Flag

    From a 2012 analysis "The average review time for PMAs fell from 389 days in 2009 and 354 days in 2010 to 266 days last year." But that is probably after the PMA is submitted, and there are several earlier stages to which you refer. So it is probably 3 to 5 years. But I don't see how this needs to go the PMA route. If it has to go that way I think it will be yet another failure of management. As other's have posted radiological devices are typically class II. If they just need to add a new material or radiation source to the existing definition they should be able to establish it has a similar device. So I will try to remain hopeful that it will not need to go PMA and stick to my 1 to 2 year time frame (during which small animal or human testing may be required).

  • Is contained in statement that "AMIC is engaged in discussions with the FDA through the Pre-Submission process, including an in person meeting". That statement confirms the meeting with FDA that the poster earlier said was announced in the meeting to increase shares, but the interesting new information is "Pre-Submission process". That gives us a hint of the timeline until ADMD might, and I repeat might be updating us (because they might not like what they hear and keep it to themselves). The PR doesn't say that they are going to meet with the FDA in the future or have already. But at the point they do the FDA is supposed to get back to them in 75 to 90 days with feedback. BTW, do be in the Pre-Submission process ADMD had to submit a request to use the Pre-Submission process so they have decided on a path of figuring out a path. Also, one of the many situations for which the FDA recommends using the Pre-Sub process is "When preparing a submission for a new device that does not clearly fall within an established regulatory pathway".
    So lets start guessing time frames. I am guessing 4 months until Pre-Sub process feed back is obtained (because reading between the lines I don't think they have met yet), then 3 to 9 months for ADMD to do stuff with feedback from FDA (perhaps create new submission, conduct animal animal tests, or human tests), then resubmit and wait (3 months) and then allow for the the usual delays by throwing in 2 more months. That makes it 9 to 15 months until approval. But thats assuming we don't go full PMA. If that happens toss in another year(s) and many millions of dollars. Time to stop watching this closely.

  • Reply to

    Told to expect news next week.

    by sailorjaffy Jun 28, 2014 3:24 PM
    kayak_wench kayak_wench Jul 6, 2014 2:02 PM Flag

    BTW, I am NOT saying ADMD compares to Apple. My point is that if technology as superior as Mac was in the late 80s to late 90s could not compete because of bad management then no company can overcome it no matter how good the technology. I have used Mac OS computers since 1989 and it was amazing how long it took for windows to catch up (almost a decade with windows 97), but Microsoft out managed them and dominated the market share.

  • Reply to

    Told to expect news next week.

    by sailorjaffy Jun 28, 2014 3:24 PM
    kayak_wench kayak_wench Jul 6, 2014 11:10 AM Flag

    Its only a bargain if they get rid of the bumbling management soon. John Sculley almost destroyed Apple. I hope they quietly shopping for a new CEO, but they might not be able to get a qualified person interested until after FDA approval, so in my opinion investment remains a bit of a gamble. I can't see any sign on their website that Battelle has experience in running technical companies. I would imagine the motivation and techniques used in not-for-profit research institute is different than a company that creates and markets products.

  • Reply to

    Told to expect news next week.

    by sailorjaffy Jun 28, 2014 3:24 PM
    kayak_wench kayak_wench Jul 5, 2014 11:35 AM Flag

    If you go to PNNL's website you will see that they have been operated by Battelle since 1965 (its like integrated into their logo). Battelle has deep roots in the community.

  • Reply to

    Told to expect news next week.

    by sailorjaffy Jun 28, 2014 3:24 PM
    kayak_wench kayak_wench Jul 5, 2014 1:46 AM Flag

    You do realize I was the one who was the first to post about the CEO's dubious qualifications for his job. I was also the first to post the competing companies name (ISR). An ISR zealot was here and revealed himself through all the comparisons to Cesium technology. Your probably that person. I have yet to see you complainers present any new information. BTW, I would not be surprised if one of the ramifications of the new 10% owner is that we have a more appropriate CEO in the future.

  • Reply to

    Told to expect news next week.

    by sailorjaffy Jun 28, 2014 3:24 PM
    kayak_wench kayak_wench Jul 4, 2014 5:42 PM Flag

    Battelle has a corporate goal to support local businesses. So maybe they didn't want to find a company from anywhere in the world to commercialize their technology, but wanted it from the same city in which they operate. That is what they did with the ISR spin off.
    From their website:
    "Battelle’s own mission includes a strong charitable commitment to community development and education. That’s why we support staff volunteer efforts; science, technology, engineering and mathematics (STEM) education programs; and philanthropic projects in the communities we serve."

  • Reply to

    Told to expect news next week.

    by sailorjaffy Jun 28, 2014 3:24 PM
    kayak_wench kayak_wench Jul 4, 2014 2:43 AM Flag

    I believe in the technology and Battelle, what I'm worried about is whether ADMD has what it takes to bring it to market. Even if they do no one will believe it until it happens. So the price will likely remain low until approval, which could be a year out. I'm ok with that, I only invested what I didn't need. But if they hadn't been stupid they could of stayed In the six or seven cent range versus one to two.

  • Reply to

    Working it back down again

    by broken_investor Jul 3, 2014 12:18 PM
    kayak_wench kayak_wench Jul 3, 2014 5:09 PM Flag

    I have already owned it for 2+ years. I do not expect to have to wait a year for it to double once or twice more from where I bought it.

ADMD
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