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Advanced Medical Isotope Corporation Message Board

kayak_wench 71 posts  |  Last Activity: 17 hours ago Member since: Oct 31, 2009
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  • Reply to

    Just What The Hell is going on?

    by m1maggot May 12, 2014 11:21 AM
    kayak_wench kayak_wench May 13, 2014 5:11 PM Flag

    It is very common for small cap start ups use their stock to 'hire' companies to promote their stock . These companies develop a reputation of marketing only for reputable legit companies to their investor network. The first company you referenced is actually one of the better ones that doesn't take just anyone as a client, you have to prove to them you are worth them using their credibility on. If there were adds out in penny stock rags or recommendations in mass emails I would be worried, but what you describe it reality in the world of start ups.
    Besides from what you describe they only spent a bit over 100k on investor relations in 2013. Thats because they are getting visibility through their own achievements But my main reason for not worrying they are a scam is that a scam doesn't get to present to, much less get funding from LPC. Not all of LPC funding pays off, but none of it is made to a fake company.
    You sound like a short who is a bit worried about today's turn around that occurred because the downward pressure from Spirit Bear has passed.
    That said, I don't want to hear they are pushing revenue out another quarter!

  • Reply to

    What/who is Brookline

    by kayak_wench May 12, 2014 2:46 PM
    kayak_wench kayak_wench May 13, 2014 12:08 AM Flag

    Thanks sense, that is exactly what I was wondering. Good to know.

  • kayak_wench by kayak_wench May 12, 2014 2:46 PM Flag

    I noticed in the proxy announcement that 9% of the common shares are owned by "Brookline", or a total of 12million. Does anyone know if this a institutional investor that hopped in since the last quarterly announcement (hence no listed as institutional owner). Unless someone name change (like Madonna) it certainly isn't a individual investor. I googled the name, and there are a few investment companies with that in their name, the most applicable looking like one out or Birmingham Al. It will be interesting to see if institutional investor listing includes them in the next quarterly report. I also noticed the number of share holders is still about 200. Sad since they gave the Kevin S. guy 7 million to get more people interested. Seems like that got the company a couple dozen new investors.

  • Reply to

    Just What The Hell is going on?

    by m1maggot May 12, 2014 11:21 AM
    kayak_wench kayak_wench May 12, 2014 12:06 PM Flag

    Spirit Bear has 500,000 shares to dump, and they must be at least 400,000 into that dump (they were down to 250,000 by COB May 7. They started dumping as soon as they got the shares. They could need money, they could be wanting to hurt share price since they are in a lawsuit with the major holders, or they could think this is a bad investment. I agree about seeing real numbers. Its getting close to time for a quarterly report. I hope that one doesn't push the expected revenue out again (currently estimated as the current quarter....). It seems bad that Spirit Bear is selling just prior to the report, but I think they have the SEC chasing them, so they may be desperate for cash.

  • Reply to

    Increase in shares was to be expected.

    by kayak_wench May 11, 2014 1:17 PM
    kayak_wench kayak_wench May 11, 2014 8:43 PM Flag

    Good grief man, I do not NEED or HAVE to do anything. But point in fact, your stance of "they could raise plenty of capital without all the dilution" is flat out wrong, that they always intended to increase share count to support the first 6 months of business even when they thought they would get a quick and easy acceptance. Because they need capital to kick off the business. They currently have zero shares right now to offer to new investors (which is how companies raise money) they are all either out in the market or set aside as options). If FDA approves the value of the current shares will go up, but they can only keep their current investment and get more capital by issuing more shares. I think the amount requested seems awfully large, hence which concerns me. And while they told us before they would do it, I think most investors assumed they would start the process after getting acceptance.
    I also said that by not releasing a PR repeating the intended use of the shares to kick off the business after acceptance, it is leaving investors with the concern they are in trouble and are instead going to use the shares to try to survive until they get acceptance or go bankrupt. The only thing my post changes is the idea dilution was a surprise as it shoudn't be. What is a surprise, and very worrisome, is that they are dead silent. And I have found that the CEO crows too loud when things look remotely bright and disappears when they are not. Your question of whether they have submitted is stupid because I didn't say they did. I have no idea whether they have or not, but if I had to guess I would say they have not.

  • I went back and read the companies 3 year business plan, and this increase in shares was to be expected. They described needing 5 to 10 million to roll out their brachytherapy products and noted that they would be increasing share count to fund the first 6 months of this process. So technically I can see how they don't 'have' to explain the increase share count now. But if they had put some sort of explanation in the SEC filing (which I have seen other companies do) it would put to rest the concern that the shares will not be used to kick off the brachytherapy business and and instead will be used to survive waiting on FDA approval (as the former would mean they wouldn't be issued until after approval when the stock's value has improved). From the business plan PR....
    "The Company anticipates funding the initial six months of its requirements for brachytherapy, sales agency activities and potentially the acquisition of a controlling interest in the German company through the sale of equity or equity-linked securities. In support of these efforts, the Company has reached an agreement in principle with the Company's largest creditors to convert most of their debt into equity concurrent with the Company's receipt of funds on pricing comparable to that obtained in any such financings."

  • Reply to

    The apparent solution is dilution...

    by kayak_wench May 7, 2014 8:22 PM
    kayak_wench kayak_wench May 8, 2014 11:16 AM Flag

    I've been thinking about attending the meeting. But I can't see how they will answer any questions or provide any information given the announcement of the meeting clearly states the vote is to be the only business. It feels really wrong to me that they do not even attempt to explain how they will be using the extra funds. I fear it is to keep some salaries going while everyone is job hunting. It is the complete disregard for keeping the shareholders informed that is bothersome. We don't even know what the FDA said (do they have to do clinical trials, was de nova an option), nor what, if anything, they have/are going to try to do to salvage the company. I think if I go I'll just be saying things of this sort and they will be looking back at me silently.

  • Reply to

    The apparent solution is dilution...

    by kayak_wench May 7, 2014 8:22 PM
    kayak_wench kayak_wench May 8, 2014 12:24 AM Flag

    Geesh, I forgot to add three extra zeros to the share counts....

  • They are going to increase shares from 200,000 to 500,000. Without even an update as to what they have been doing for the past 3 months. I seriously doubt any submission for De Nova given this development. If they can actually find people to take the stock it will generate about 4.5 million dollars (assuming 1.5 cents...current value minus the 50% hit as a result of the dilution). Vote is in June, but I don't think they need us over 50% is held by insiders so its probably a done deal.

  • Reply to

    Three snaps and

    by ask_jeebe Apr 30, 2014 8:10 PM
    kayak_wench kayak_wench May 1, 2014 10:43 AM Flag

    The company did put out a PR saying they were increasing their manufacturing due to increased demand. That decision was not made by gitty engineers, but the number of orders they were getting. Unless the bottom fell out, it looks like that PR has getting some market share back written all over it.

  • Reply to

    New Confidential Treatment Order today

    by jrdelane Apr 28, 2014 3:53 PM
    kayak_wench kayak_wench Apr 29, 2014 11:18 AM Flag

    On a conference call some asked about how much Epic would be paying Elite to manufacture and distribute their drugs. H. replied that Epic did not want to publicize the amount paid because they wanted to keep their negotiating leverage when working with other companies on similar deals. I think these are just documents stating the revenue from the agreement(s). H. also admitted on the call that the relative size of the payments would be somewhat apparently via the quarterly revenues for Elite. What I think this means is that the next earnings should be a little sweeter than the last. But I think this is expected legal paperwork and nothing new.

ADMD
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