Wow you sure loaded up the truck, honey bucket and John Deere towable. When do you think it will take off? Why do you think it is going to take off?
Who is the attorney and their office?
I wondering who may file a lawsuit. That would be a material matter that I would think they would have to disclose to shareholders. One thing I also did not understand was why the investors who received convertibles did not at least have shares held at the closing price of the investment date. I guess that would be to good to be true. I have not added it up lately but how many shares would AMIC need at today's price to cover the rest of Convertible holders?
My thoughts is that AMIC will effect an RS soon and then have the AS increased to cover these notes due immediatly as well as make arrangements with ISO to get the tests started. You know, what kind of outside investor is going to come in with capital ($5-10 million) to pay for animal trials and do so without at least shares to cover their investment and 20% or so over and above to pad? The only way it may work is if insiders, namely Carlton, went all in but I have no idea if they can come in like that, and while it is kicking a can down the road right now I bet they would be looking for a sizable #$%$ of stock as well over and above the closing price at that time.
Right now it is a pickle to be in. I do have to say a bankruptcy would help clear the books, and if you are like me, at the end of the day no matter what I really would like to see RadioGel approved so the sick could get better treatment for their conditions.
It will be great to see this work itself through in the months, hopefully not years, to come.
Now a poster Notsure says lawsuits. I can only imagine it is a rumor but what else would you expect from a holder of a convertible that cannot be converted, or was converted but AMIC called foul. Maybe more than a rumor?
Anyways, maybe more important, is that the share price put in a tripple top and today broke through a strong 13 floor. I don't know what to say! The price is not rising such that an RS would support a better exchange listing. It seems that an RS and then an increase in authorized shares would help clear out the convertibles. Yet, how are they going to do that clinical trials with ISO if they have no money to pay or shares to provide? Where is the mystery investor to inject capital for the studies.
I don't know guys, pretty hard to buy or identify a catalyst to watch developing.
Why on earth would you antagonise someone like that? We had 5 or so days without a post! You must be interested in reading BS like this.
So he is conning his boss Me. Cadwell, with several million dollars to his name in his company. Mr. Cadwell with a huge controling interest in this venture and also the owner of Cadwell industries, a private company, which is disgustingly successful. Hey dumbo, Jim K is one of the smaller pieces in this puzzle. Why don't you git outa here and put some pieces of the puzzle together and when you know what you are talking about, or at least have a handle on what is going on, come back with some worthwhile input, good or bad.
First thing you need to know is that you are going after the wrong guy. Jim K simply implements a plan which is organized by several insiders of the company headed by Mr Carlton Cadwell.
If you keep making a fool out of yourself here we will support that with a heavy drubbing with big keyboards. Oh by the way I am not exactly positive on the company for reasons posted. Your reasoning though is down right ignorant to any form of reality of AMIC.
Hah hilarious! Truth.
Dude doesn't know what he is talking about. He shows up maybe 3-months ago and acts like a disgruntled former janitor for AMIC. I guess there has to be one for every MB. Go get 'em Bill.
Not smart, observant.
1) Volume sucks, has for some time.
2) Bumped head on (3) days at 18 on light volume
3) Iso Thera was not news, could have went with anyone. Plus enough rumors out there.
This is not a move right now. Heading up ahead of Iso news was a move and when the news came out, which was not much, it hit its head and stopped. It did not create a compelling storyline to invest yet. Just look for a trend. You will either be ahead of, or behind when the next piece of news comes out. Whoever bought that Iso news will be waiting a while in my opinion. Next news in my opinion? Maybe WSU (not really news IMO), maybe a financing, maybe terms with ISO (could be dilutive), maybe a lawsuit. Right now how do those in the short term favor common shareholders? Don't really know or care anymore. I have the little bit and get to watch.
You go back and read my posts. This is not the first time I have come down hard on AMIC. Late November/December '14. I was seriously #$%$ off. I posted as much. I sucked it up, held my nose and bought in hard at 4-2-4. Right through the bottom and got to go on the ride with several posters here and did phenomenal. This time I am not buying and have provided the reasoning for it just like back then. I am not saying I am correct, I am saying I post and I do what I post.
Good luck. I get to make money, or lose money, in what is left that I own too.
Never done that before Bill. Check the post history if you for some reason doubt. I recognize balance sheets and I recognize how they have done it. Not favorable to me at this time and posted as much.
Quit worrying about the intentions of others and do what you want. I have been long here a long time. I am going to post when I do not feel comfortable with a manouver the company makes. I am even going to post when I do, what apparently is, the "unthinkable" and lighten up.
Once again, you do what you want. If being long and thinking posters have some ulterior motive to get more shares then so be it. If that is how you convince yourself that you have made a good investment then so be it. I read the fine print, a PR which fullfills a small part of the first step in a business plan, condition of company, condition of common shares and holders, and position the insiders are taking and I want to take 90%+ of my profits. So what.
Um yeah. They do something I have concerns. When I have concerns I reduce risk until muddy Waters clear. When concerns subside I reassess and increase risk.
What the hell? It is investing. If my concerns are validated in the futurw then it is fortunate I posted. If they are not then so what? I am not going to stop posting frealy here my honest opinion. I have been on this board sharing longer than any poster here that I am aware of. If I see something setting up, with 9 years of history following this company, I am going to post it.
You do what you what, everyone do it, I do not care but I am not going to stop cheering or booing this companies maneuvers in business. NO. I am also going to post buys and sells. Ignore it, I do not care.
The other problem immediately is the ISO Thera release. To me it states the transfer of information on RadioGel is all that can be done now. Immediate trials thereafter in November, where is the information for us on costs, transfer of ownership in AMIC or anything to ISO Thera to actually do these trials? There is nothing, so what agreement is being contemplated and if one is, why not share it with public investors? What if we wanted some Series A convertibles? How many would ISO Thera get? After all there are a few left. Is it royalties? If so share it. With Preffered shares with seniority over 200 billion shares of common and Convertible holders for common I think in all fairness more should be shared. After all, last time I checked, over the last seven years or so we all have put more money into AMIC than all but Carlton. Maybe more than Carlton and others combined.
Gosh James K. when I look back at it, not long ago I owned more of AMIC than you did. Where was my offer for Preffered when I had $47k in AMIC stock? Thank god I made money on it all, more than James had or might actually be angry about it. I bet some investors are real angry about now.
Looking forward to making ten times squared what I have in AMIC now. Will certainly help buy me another home for vacations sake. Ha-ha yeah baby.
Looks like Yahoo cut the other 2 posts I made on the thread outlining the rest of the pertanet info on these. So be it. If investors can't look this stuff up, read it and interpret they should not be investing their money.
To be clear, I did not cash out of my position. What I did do is sell off close to 2/3rds of my position of which close to half of the revs were in profit. I'll pay the taxes thank you very much. I think the gentleman who are doing the good work at AMIC are all wonderful people, with goals and drive to give this the best shot it has right now. The problem is, the only problem, is that they have taken a position, a posture, that implies an "out" that puts them in some position not to lose everything. We though will lose everything if the ends are not good. I never thought there would be anything to get through a bankruptcy. So rarely is there, even with a substantial company, a darn thing left for common holders. Yet, in this case, they were in it with me to a great degree before taking this action. It is the fact they did it is what really irks me. If they did it for the virtues of the share class for a roll-up then they are closer to those ends than last year, or they would have had these shares then.
I think that they are at greater risk with the holders of convertibles who converted that they are now going back to in order to recover equity. If it is legal then a bankruptcy could come to these folks in the form of a lawsuit by AMIC. Good luck to AMIC on that but common shareholders would be toasted no matter what.
I am back to a position with AMIC that I can ride to zero if be. It is for all sakes and purposes a free position. Yet if AMIC achieves its endpoints and the stock appreciates then wonderful, I can ride that forever too.
Good luck to you Schekels. You have been a joy to post with from .0001 to the top and back again. We have had a pretty green ride together since last year!
such holders of shares of Series A Preferred will not be entitled to any further participation as such in any distribution of the assets of the Company.
Designation and Rank. The designation of such series of the Preferred Stock shall be the Series A Preferred Stock, par value $0.001 per share (the “Series A Preferred”). The maximum number of shares of Series A Preferred shall be Two Million, Five Hundred Thousand (2,500,000) shares. The Series A Preferred shall rank senior to the Company’s common stock, par value $0.001 per share (the “Common Stock”), and to all other classes and series of equity securities of the Company which by their terms rank junior to the Series A Preferred (“Junior Stock”). The date of original issuance of the Series A Preferred is referred to herein as the “Issuance Date”.
Just the profit. Will see if AMIC can continue the rest of my position. Never sell it all out if the company is still kicking. That is how you end up kicking yourself when it goes to a penny.
It is good to see you do agree with profit taking once in a while.
Chat later today.
Also, note that per FORM 4 THEY HAVE NOT BOUGHT ANY SHARES, INVESTED NO MONEY. What they have done is what I said. They converted their common, like our shares, into a priority position in the company to the new Class of shares. Their investment value far outways the assets of the company and yet if there is a roll up they will have first rights now.
Not that there was anything for us if there was a roll up but it is now assured. Through this action they have really taken the company private but done so without any compensation to holders of the common. They have reasserted themselves as first in line. Nifty in my opinion. Read the terms.
If some investor/investors feel wronged by this the next piece of news could unfortunately be a claim against the company although based on the position the company is currently in I find it entirely unlikely.
Hey, share price and volume are the deciding factors in all of this. We will see how it goes.
Seniority to assets, read the conditions of the class of shares. I believe they pull rank on everything. So to hell with the few toxic guys left out there hanging and to hell with common holders if it is time to roll up the business. Not saying it is happening or going to happen but just summarizing the terms as I understand them. This was a different game, investing in AMIC, when we all shared the same risk. I was in it with the insiders, we shared the same skin in the game through holding common shares. When you change the rules I lean towards caution with at least some of my money. I have done quite well with this spec bet, I would like to keep it that way you know.
I am done I think unless you would like to keep discussing. Sorry my thoughts come around in bits and pieces. I just think a guy like you would recognize speculation through a crystal ball and written contracts as two stand alone realities and measure the pros and cons of each. I haven't seen you step away from the crystal ball yet. ;-)
That part I will give you.
The rest....not so much so. Ihub must really have some haters! I am being prudent on the terms of the new Class of shares. I am taking them purely on face value. I would love for you to be correct on all points. My gut tells me when I smell a rat though and there are too many moving parts with regards to shares, classes and the condition of the company and RadioGel right now to be so extended profitably in AMIC. Taking profits and someone else can ride the pony for a while with my shares. I have a free position so to speak which I will leave to fate and AMIC to make more valuable.
Yes, read rest of thread. Put my money where my mouth was. I have always put the money out or in with my posts. Haven't sold too often but it was time for me. Still hold a position, albeit a bit smaller now.
Smallcap, in all fairness to my concerns, I am backing it up with the sale of 2/3rds of my share position (shares below 12 a share) at 18 a share. I only have a few million to go after the last trip to 18 a week or so ago (I posted to Busy lightening up). It was enough of an issue for me to take some profit you know. I can understand the terms of the Preffered Class of shares well enough to read some writing on the wall.
Holding the last third of shares for the long haul. If prices fall appreciably I will probably buy back but it will really have to fall. Will post if I do of course, always do.
Should be more good news just around the corner. Too many moving parts right now on the positive side of things.....unless there is trouble finding a partner on favorable terms.