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Advanced Medical Isotope Corporation Message Board

kayak_wench 27 posts  |  Last Activity: Jun 10, 2016 5:26 PM Member since: Oct 31, 2009
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  • Reply to

    board member just charged by SEC with fraud

    by bmpr2bmpr Mar 31, 2016 3:02 PM
    kayak_wench kayak_wench Mar 31, 2016 7:32 PM Flag

    I hope the WARM company has not taken any poor advice from their advisors to stretch the truth. If they got fined 7.5million for such violations it would probably result in them going completely under. Also hope this will have them be more forth coming in future SEC filings. I did notice in this yearly they did not estimate when they next 'hope' to bring in revenue. No mention of expected revenues is better than being wrong by 2+ years. So don't mention it again unless your 99% sure you will be there.
    Staying out of trouble is easy.....DON'T LIE or MISLEAD!

    As for him resigning, I have mixed emotions. He should be considered innocent until proven guilty. But if nothing else he is guilty of not being aware of information that he should of been aware of which is cause for concern as the issue is he made claims to investors that led to poor investment outcomes. I'm sure there is no question that he said EPA certification was right around the corner. He may have believed that, but because others did not it means he didn't make sure he had good information before he spoke. Meaning the buck stops at the guy at the top.

    From the news articles on Ustian..
    "The SEC said Ustian had led a "progressively desperate and fraudulent scheme" through news releases, conference calls and regulatory filings to deceive investors into believing that EPA certification was "right around the corner." It said that as late as June 2012, Ustian signaled that feedback from the EPA suggested that certification might come soon, despite knowing that the agency had refused to certify a proposed engine the prior month.The SEC said Navistar's lead engineer on the project had written in a June 4, 2012 email that the EPA response had been "unequivocally NO!," but soon retracted that email upon learning that "Dan put the gag order on us."

  • kayak_wench kayak_wench Mar 31, 2016 12:41 AM Flag

    Dry pit submersible's are hardly mentioned. It looks like they are not necessarily bringing it to market themselves as they said their goal is to do either license or bring it to make themselves. So something must of stopped them from moving on the 25 pumps. Odd they told us plenty about the generators, but nothing about the pumps.

    Bottom line I don't see revenues any time soon. Price will likely drop to teens again. Frankly I think their delays are due to technical issues. I hope they can work them out, but at least them being more open is a plus.

  • This non-sense about driving around an recharging electric cars didn't sit well with me, as I do not think there is much of a market. Same with fast charging a tesla. But their yearly says they expect their primary market to be "always plugged in" which means disaster relief, forestry, mining, etc. But they don't say what the current market is for those generators. But any revenue at this point is well appreciated.

    "Our target markets will initially center on industries and entities that rarely or never unhook their tow-behind generators from their work trucks. In industry parlance, they are always plugged in."

    Downside, is "we launch our MG30-MG80 products in the second half of 2016." So that means no revenues until Dec 31 2016 at the earliest.

    No mention of the 25 dry pit submersible pumps or that business at all Bad sign. Maybe that completely evaporated because of another technical glitch.

    Remember they said they hired someone to roll out the pumps, but the yearly says "As of March 21, 2015, we had four full time employees and no part time employees." So it looks like they are lying somewhere.

    Also the peak finance legal issues are not quite done "The Court ordered additional briefing on certain issues which has now been completed. The Court has ordered another hearing to consider the DASA on April 1, 2016."

  • kayak_wench kayak_wench Mar 31, 2016 12:11 AM Flag

    I do not think these results are bad. Its hard to nail a design the first time without any need to tweak things. This is wonderful they are letting us in on what is going on. Even if Emerson doesn't get back to testing, what they learned will be applicable to other generators (generator design hadn't changed in decades). This means they are making progress, and they are not pretending they are further ahead then they are. Big improvement!

  • I appreciate that they are sharing information. I read it as the generator licenses are held up indefintely. The test in Oct revealed that using CoolTech's technologies changed the performance of the generator in some way Emerson didn't like. But both agreed that the issues might be able to be addressed, after which they could re-test, and maybe pursue a license. CoolTech does not know when they will address the problem (or if they can successfully), nor whether Emerson will retest after they think they have a solution, and if they do when. For them to call this successful testing is interesting, but certainly not a failure.
    *from annual**
    In October 2015, Kato Engineering, a business unit of Emerson Electric, conducted two heat run tests. The tests were performed at a 0.8 power factor and tested rated load temperature using the Emerson LS 625KVA generator with and without the Cool Technologies heat dispersion system. The CoolTech results were then compared with results of tests performed at a 0.8 power factor using the generator's standard-issue, totally enclosed water-to-air cooled (TEWAC) system.
    A comparison of all test results produced by the various testing agencies revealed a minor variance in some readings. A plan has been designed to optimize our technology to produce consistent results within a specific parameter. This should enable an OEM (original equipment manufacturer) to offer our technology as an option .
    The successful testing also represents a significant advance in our product development agreements with manufacturing partners. We anticipate that we will begin to enter into license agreements upon completion of the required design refinements and field tests testing to industry or governmental standards. At this point, the product will be ready to be manufactured on the licensee's regular production line. Any additional field tests will be at the discretion of the licensee.
    We don't know if licenses will be granted soon, but it was real info!

  • Reply to


    by lameness_rules Mar 29, 2016 9:02 AM
    kayak_wench kayak_wench Mar 30, 2016 11:04 AM Flag

    Not to worry, this was just posted 40 minutes ago by CoolTech. They are up and working hard in Florida with an early start of 10 a.m EDT.
    "Beignets, boudins and Mello Joy coffee or sugar & spice with Tabasco sauce. The eyelids have slammed open. Cajun breakfast day at CoolTech"

    My guess its Bibbs that does the tweets as it is obviously by someone who doesn't understand what snippets of technology articles make sense. Seems like with all his experience in multi-media he could put together a You Tube video of a mobile generating unit, one has to conclude that such a device simply doesn't exist.

    From the website the only thing he is good for is communication, ironic given that is the investors major complaint, we don't much and what we do get has no substantive value. The on update that was important was the latest test results of 400% increase in power output. But that has not been incorporated into the companies link on Therman Dispersion- Third Party testing section. Either it didn't actually happen, or Bibb needs more coffee to do his job.

  • Reply to


    by lameness_rules Mar 29, 2016 9:02 AM
    kayak_wench kayak_wench Mar 29, 2016 10:18 AM Flag

    This is not price changing news. This is not revenue, this is just someone saying they would take a slice of the revenue should Cool Tech ever manage to sell MB, but also not taking any financial risk in doing so. Ultimate power truck as been able to accept orders for nearly 2 years, look at what that has done for stock holders. Someone please tell me why investors care that a dealership is willing to make a non binding, but formal agreement (bit stronger than a "gentlemen's agreement") that involves only upside and not cost or risk. These sales would not be done via the truck dealership's salesmen, but Breiten, so it would new customers. I can't even see a risk of it tarnishing the dealership's image if the MB units sucks because these customers would interact with Breiten, not the dealership. The Ford dealership would just provide the truck after the sale and move the truck through the supply chain. So if the MB unit failed to perform the customer would complain about Breiten and Cool Tech, not the Ford dealership. So they are looking at extra profit with no associated costs, or risks (neither financial, reputation, or legal).

    Its been three months Hassett posted that he " will post responses to in the next few days on our MG and on the company", and we are closing in on the anniversary of his "best year ever" letter to shareholders. Surely we deserve more, but I fear we are just going to get a 10-K this week that announces they expect revenue in the last half of 2016.

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