Yes, poster known as RadioGel, good find. Though I'm sure the questions by the host were limited, Jim did touch on some interesting points. For example he did say that 'Battelle owns 10% of the company', which implies that as of the interview date, Battelle still had their shares. Though with the new outstanding share count, that would mean at minimum, Battelle has 18mil to 25mil. shares depending on how many O/S that you think AMIC has. He also alluded to, 'up to a two more months of answering questions to the FDA. I don't know, right now AMIC is on life support and it's going to be interesting to see if they can survive on dilution. As some one else mentioned, at this point, the pps is so low, it's not worth selling your shares. Still hanging in there, MDLAND~
Just looked at the price and we closed below a penny a share today. I have to bring out the white flag on this one. Except for a R/S, which will devastate all shareholders and insiders, we're toast. I guess I've got 4.2 mil. shares of write offs for the next couple of years.
I paid a nickel for some shares last year, but most of my shares were in the $.02's or $.01's, so it's not the end of the world for me. I still have a boat load of CTSO to counter my ADMD loss. Oh well, you win some and you lose some. Again, I knew the odds and I was willing to take the risk. Sometimes it pays off, sometimes it doesn't. I'm sure the "I told you so" posters will be all over this one, but that's to be expected.
I'll be checking in every once in a while. I wish all the folks here the best, even the posters that I have on ignore (some of your topics that I could see were funny and entertaining). Whether you have profits or write offs with ADMD, GLTYA. MDLAND~
SS, do you hear that irritating buzzing noise? It was gone for a couple of weeks and now it's back. How annoying. MDLAND~
Looks like Mr. Cadwell loaned out some more money to AMIC and was paid a fee in shares of 10,400 shares of ADMD stock. That brings his grand total to 1,026,695 of shares owned directly. Of course indirectly he owns well over 20 mil. shares. MDLAND~
AMIC needs to come full throttle with this De Novo process, or else they'll get classified again as a class III. Of course, Class III is a much more detailed, time consuming and expensive process. AMIC needs to make sure that all of their ducks are in a row, because this could very well be their last shot. If we can get classified as a low to moderate risk device (Class II), there will be a much less difficult path to production and practice. In Shekels' post, he alluded to the fact that AMIC has been turning down partners and offers. While I'm sure there are a lot of companies out there that want to be a part of AMIC at a penny a share, but they aren't the ones selling shares, diluting their share price to raise funds to try and get this through the FDA.
While we don't expect anything this week or even this month, an 8K notifying us of the filing would be great. Again, all parties involved, from Jim, to Heather to PNNL need to come with all they've got because at this point it's a race to see which happens first, . . approval or depletion of cash (authorized shares) MDLAND~
Good deal Shekels. It's highly unlikely that AMIC or its partners would release any information over the phone, but good try. I think at this point we'll have to wait for an 8K and hope that AMIC gives answers to some of the questions that all of us have. As I've alluded to before, I think AMIC is a little information gun shy after the false predictions and expections of FDA clearance earlier this year. I actually do agree that AMIC should wait for something definitive and of substance before they release news. It would be nice to have a CC though. MDLAND~
SS, I agree in that there was nothing new and no surprises in the 10Q. I see that a lot of whack posters here have greyed out posts with titles about dilution. Again, that was to be expected. That is why earlier this year, they announced that they were authorizing more shares. DUH! The one thing I was curious about though, was the outstanding share count. And even still, that information is on a month and a half delay as of this post. What would be nice though, is to know the number of shareholders of AMIC, updated insider holdings and 5% holder information. I guess we'll have to wait for an 8K or a CC to possibly get that info. What AMIC needs to consider, is getting long term exclusivity on the rights from Battelle. That would give them more leverage in case of a partnership or buyout. MDLAND~
SS, they need to release good news as soon as they can. If Admd dumps 100mil. shares into the market and gets a penny per share, that's only a million dollars towards the company. But if news comes out and the share price goes to, say, a dime, that same 100mil. shares is now worth $10mil. Classic start up, biotech conundrum. Great idea, but not enough funding and no FDA approved product yet.
185 million shares outstanding as of June 30th, and there's been a month and a half of trading since. We've got to be at or near 215 mil. O/S. Good news is, someone seems to be willing to take a large risk at a penny per share. Question is, how long will they buy? Especially after seeing today's filing. MDLAND~
Well, we have an idea now where the large sell blocks were coming from. If a large percentage of shares are still owned by insiders, Battelle, and multiple million share owners, we aren't that bad yet. What will be scary is if by the next 10Q we have 350mil. O/S and no positive FDA news. MDLAND~
According to the filing it looks like the outstanding share count as of June 30 was185 million. My guess is that it's probably around 210 mil. as of today. MDLAND~
Got filled, 200K at 2:52 EST. Again, this is a heck of a risk, but as many have alluded to, the potential reward could be great for shareholders and modern medicine. MDLAND~
I don't know SS, it's hard to call, and a heck of a risk at this point. I put in a buy for another 200K in the thinking that, there's now way that this can drop another $.02 per share. I hope that it's a big shareholder deciding to get out as you said and not a lot of shares are being issued by AMIC. But, that's probably wishful thinking on my part. We'll wait and see if they file and if they file on time. MDLAND~
Hopefully we get a quarterly filed by AMIC, either this week or early next week. As alluded to before, this filing should be interesting and should shed some light as to where AMIC stands, as far as what are known as, 'key statistics'. It would be premature and presumptuous to expect any type of FDA update in the 10Q. It would be nice though to get an 8K with an FDA update soon after. MDLAND~
We have to realize that the reason that these companies are public is because they need financing. That financing in this case happens to be our money. Problem for AMIC is that investors will only pay what they think is a fair price for AMIC's worth at any given moment. Of course supply and demand is a big factor in share price too. And with an abundant supply of shares and no news, the downward pressure is applied to the share price bigtime. The ideal scenario for all is, good news. That would mean AMIC could get more for each share issued, which would mean less dilution and also rising share price for investors. Again, this is being oprimistic. These next few weeks are going to be interesting, you can't drop much lower than 1 ct. per share. MDLAND~
SS, my thought is, from an AMIC standpoint, get all you can per share that you can get right now. And right now, with no news, they can get about one cent per share. If it weren't for those two big sells yesterday for about a total of 450K shares, volume would have been well below average for the day. When AMIC thinks their stock is worth $.10 per share or more, they'll stop issuing shares to change the supply and demand ratio, which could move the stock price up to $.10 or $.15 per share. Of course that would take some positive news, and at this point we don't even know if they've filed. After all, from a company standpoint, why get one cent per share when you can get $.10 per share? The above viewpoint is being very optimistic and would be a best case scenario.
This next filing with the SEC will probably make or break AMIC. We'll soon know the number of shares outstanding along with the new debt and cash (if any), figures. Let's see how trading goes this next week. PPS can't go too much lower than 1 cent per share. JMHO MDLAND~
SS, perhaps you're right. When the filing comes out I wouldn't be at all surprised to see the O/S count a lot higher than 130 mil. And yes, there could very well be a few shareholders who, in their mind, would rather sell for $.015 now, as opposed to dumping the last week of December zilch. More power to them. But, what's the difference between one cent and zero cent? I'd hold on to my shares at this point. Oh snap, I forgot. They didn't buy their shares at a cost average of under $.03, they paid $.10 to $.15 for their shares and sold at $.06. Heck, I'd be angry, disgruntled and writing negative posts every 15 minutes too. Just kidding guys, hope it works out for all who have invested here and for those that can prosper from this new brachytherapy technology.
Again, the risk to reward ratio at this point is great, but I'd be the first to admit that I could lose everything. That though, is a choice I'll have to live with. And if that does happen, I won't be at all happy, but I won't blame pumpers, bashers, YMB or AMIC for my decision to buy into this company.
Good luck folks. MDLAND~
Just got filled at 11:35 PST. Either I'm going to have one incredible write off next year or I'll be a happy camper. Let's just hope it's not that big write off.
I should get a whole page of grayed out posts on the YMB after this post. No risk, no reward. MDLAND~
Ok SS, cool. I was just looking at separate charts and I see a few large chunks go through. At 12:03 est. I see a 657K pass through, and then one chart shows about a 780K pass through at 12:05 est. but not the other. Even the brokers' charts are slightly different. Either way, it looks like there are large chunks on the bid and constant nibbling all session at the ask. My guess is about a 2 to 1 ratio, in favor of buys.
All of that activity, 5 million shares traded, and we end up flat for the day. I don't know if that's a good sign or a sign of bad things to come. Good luck all of you longs out there. It's make or break for us now and trading over the next two weeks will probably give us an idea of our fate. MDLAND~