Right on. I simply want to be taking profits as they present in a significant way as they have come for just fleeting moments since authorized was increased. I do not want to hang it all out there for a thumbs up or thumbs down from the FDA. I have only so much money that I put to the stock long and will hold that. About 25% of "fully invested" I trade for profit as it presents itself.
Keepin' the lookout for refiling now. They tell tale sign of Team Ignore's presence I see. Greyed out names. I am surprised that they could interpret at this level. Maybe they cannot and just have the typical ignorant one line responses.
Moto, there is a short term play in my opinion and the longer one dealing with the FDA approval scenario. I am focused right now on the short term play. If you have the "Cheap" shares, you know the .003 shares, then there is one catalyst that I am very happy interested in.
If they resubmit to the FDA in say the next couple weeks, before the vote, then the shares could and should rip. Per the Proxy statement there are over 300 million shares issued now. They are also well over their limit of 500 million shares when options are considered. I am not sure that they will issue more shares before the vote. With great news of a refiling this stock could go on a brief tear through trading that would permit one to trade out for what could be a very tidy profit.
Then the vote to increase the authorized occurs. It will pass. I think you see debt again covered by shares and convertibles come back into play. You hold the dry powder you have now from selling the rip higher. You sell for the profit, then hold for the stock to settle down and even possibly fall a bit as those convertibles and debt are covered. Then the decision to be made is do you buy back lower 60-90 days later, before FDA decision comes, or just wait it out. I would sell on the FDA news even if it was positive because the company has already stated that they want to do this alone. That will take further financing for production and commercialization.
I am in serious sell the news mode short term. First the refiling and then FDA approval if I even buy into that at all. I only sell lots for profit and save myself the opportunity to buy back under low share price circumstances and without any concerns of Wash Sales.
It only works out like this if they can refile before the vote, otherwise all bets are off and it "Might be a long time" as you put it. I will always be holding a core position but I will move several hundred thousands of shares around too. I do play short and long term positions.
(3) The beneficial ownership of Carlton M. Cadwell includes the shares beneficially owned by the Cadwell Trust, as such shares may also be deemed to be beneficially owned by Mr. Cadwell. The beneficial ownership of Mr. Cadwell also includes: (i) 500,000 shares issuable upon exercise of options held by him; (ii) 29,782,119 shares issuable upon conversion of convertible notes held by him with fixed conversion prices; and (iii) 222,689,540 shares issuable upon conversion of a convertible note held by him with a conversion price that is dependent on the market price of the Company’s common stock prior to conversion, which for this purpose has been assumed to convert on September 23, 2014.
(4) Includes 3,870,000 shares issuable upon exercise of options held by Mr. Katzaroff.
(5) Includes 375,000 shares issuable upon exercise of options held by Mr. Clement.
(6) Includes 7,046,666 shares issuable upon exercise of warrants held by Mr. Spivak.
(7) Includes 430,000 shares issuable upon exercise of options held by Mr. Jolliff.
(8) Includes 7,608,696 shares issuable upon exercise of warrants held by Battelle.
How convenient that 222 million shares are assumed converted on September 23rd for Mr. Cadwell. It makes a man wonder why we are even asked to vote? Hillarious in a financially disgusting kind of way.
From the Proxie:
In addition to the corporate purposes discussed above, the authorization of additional capital stock, under certain circumstances, may have an anti-takeover effect, although this is not the intent of the Board of Directors. For example, it may be possible for the Board of Directors to delay or impede a takeover or transfer of control of the Company by causing such additional authorized shares to be issued to holders who might side with the Board of Directors in opposing a takeover bid that the Board of Directors determines is not in the best interests of the Company and our stockholders. The increased authorized capital stock may have the effect of discouraging unsolicited takeover attempts. By potentially discouraging initiation of unsolicited takeover attempts, the increased capital may limit the opportunity for the Company’s stockholders to dispose of their shares at the higher price generally available in takeover attempts or that may be available under a merger proposal. The increased authorized capital stock may have the effect of permitting the Company’s current management, including the current Board of Directors, to retain its position, and place it in a better position to resist changes that stockholders may wish to make if they are dissatisfied with the conduct of the Company’s business. However, the Board of Directors is not aware of any unsolicited takeover attempts regarding the Company, and the Board of Directors did not propose the increase in the Company’s authorized capital stock with the intent that it be utilized as a type of anti-takeover device. The Board of Directors does not presently intend to take any other corporate action that may have the effect of discouraging unsolicited takeover attempts
Do insiders hold a majority anymore?
Sure it will. Even committed shareholders must be looking at this very sideways. There has not been enough "sharing" of information on what is going on with the 200+ shareholders in my opinion. When all you get is a recorded interview, no chance to ask questions in a public/private forum, and increases in authorized shares what the heck are those committed to the success of AMIC supposed to do? It gets tough maintaining a position as a percentage of issued shares without any dialog from the company who is trying to raise funds. They are not even "selling" the virtues of the company with potential investors through statements or marketing. There are a lot of cheap ways to do this, like Radiogel (the poster) set up a small website puting information in one place. Have an open house and BBQ. Investors get hungry and might appreciate seeing a little of the operation. Where is the dialog. Where is the accountability that can be earned by answering real questions, in public, from real relevant investors? This stuff is not hard. Not at all.
Hey, where did Paid Basher Ron go? Why are you impersanating him? He was a total idiot and then you come along when he leaves and post exactly the same way.
The only remote chance this works is if they at least get the refiling in immediately. Even then I do not know. Apparently they are serious about going it alone. Do they even hold enough shares to still have a controlling interest anymore? The insiders have not had enough buys to keep up with the number of shares issued to pay of debt/convertibles. I am hanging on anyways. Technology is patented, time for refiling and get their feedback. I only have the loss on paper, not in the books. I saw CTIC do this in '09 when I was holding 100k shares at $.10 basis and the stock was trading for a nickle. The vote failed and the company was no closer to FDA approval than ADMD. The stock went to $2 before I sold it 6-7 months later. It went to $2.40 before falling from the sky. Of course it was a short squeeze.
If they have companies interested in partnering then I think they should take it. This is BS and seems a bit strange. With an FDA response of approval upon completion of a study then I might get it but they are not even there yet as far as we know. We have progress on the patent, that is it. A conference call discussing this development is now warranted. There are wonderful investors in this business. They deserve comment from AMIC.
Gotcha multi-alias punk Buzzie The Bug. Isn't it time for you to change your alias again and buy a new keyboard? We can see how long it takes to sniff out your rotting carcass, message board ZombieZombie.
BUZZIE THE BUG AKA RON THE BASHER
Here you go liar BUZZIE THE BUG. No other buys recently. Posted on September 3rd @ 3:32PM on Yahoo Message Board:
09/03/2014 02:03:56 290,100 shares @ .003
09/03/2014 02:04:02 43,233 Shares @ .003
Buzzie The Bug aka Paid Basher Ron. I hear you have multiple IDs on other sites too.
BUZZIE how is Paid Basher Ron doing? Do tell, he was such a freak! Why did you post for him and why do you post exactly like him?
Hey BUZZIE how is Paid Basher Ron doing? I know you see him all the time when you look in the mirror.
So what is the financial threshhold for a buy to be relevant for you Buzz The Bug? That is not really a fair question BECAUSE YOU DO NOT OWN ANY SHARES! #$%$ I hit the caps lock button. At least my keyboard isn't broken. Why do you post in caps? It is very random, is your keyboard broken?
BUZZIE THE BUG
It actually looks like on 09/03 a buy of 333,333 shares @ .0030 was made. I posted that here.
Before that on 08/22 a buy of 150,000 @ .0055 was made. Posted here too.
Where do you get your numbers from? Do you lie about everything?
He sure has a lot of aliases! Strange.
You seem to have a line on this. Post all of his aliases, complete. I need a laugh. Any more posts from multi-alias basher would be great too. They are funny!
Really? What day and time was that post made here at YMB? I would like to know that. What would be really interesting is if you work at Fidelity you could also post the total position size and the cost basis. Then we could really see if you are telling the truth, which I as well as many other posters probably suspect, you are not. Anyways, get to work Buzzie The Bug. You have a lot of bashing, BS and Yahoo Message Board research to do on Stupid.
BUZZIE THE BUG
A test for ya. Not "yes for ya".
Darn cell phones!
BUZZIE THE BUG
Here is a yes for ya Buzz The Bug. Read AMIC's patent on RadioGel. It is only 12 pages when printed in #11 font. Then feedback to us why AMIC's RadioGel patent is unique as compared to the "hundreds" of other patents out there as you put it. Also, if you could explain to the board, after you figure it out, the difference between a Trademark and a Patent. I think you should demonstrate these things before you post again about them.
Oh, you have no idea what the issued share count is either. You could also answer the other questions I posed to you as well about what it is like being a multi-alias paid basher. I will bring it back "up to the top for you" if you or Yahoo did not delete it. How does it pay? That is a new question.
BUZZIE THE BUG
Nice! You saw that too on their efforts. They definitely worked it.
I expected a September submittal for RadioGel to FDA through my own DD. I am not going to share the specifics on why September but I am surprised that it is not submitted. I am alright with that though. If something is not spot on it could all be over with the FDA. Clinical trials I am not so sure about. I would not be surprised but maybe the studies at UW are sufficient.
Good news on the patent. It now needs to just be demonstrated that it has a safe benefit to the public and things can get interesting again with the stock. A study outline, if a study is required, from the FDA could bring in partners as that would demonstrate consideration from the FDA. Right now AMIC has no consideration from the FDA as far as I know.
Thank you for the great input Kayak!
You are absolutely right! The read on the patent is extremely interesting. It sheds light in detail of what RadioGel is, method of use and benefits overall to what is currently provided in the market. I am very pleased that they got this patent as it is very complete and surely has tremendous value.
I would recomend anyone who is interested in AMIC -ADMD- to read this patent allong with recent 10Q filing. This is a big deal. I would not be surprised that current industry competitors could be concerned. In fact, in my opinion, I would not be surprised if competitors attempted, or have already attempted, to create a challenging environment for AMIC through their stock or through investors in the industry. I will leave that for you all to chew on.
Read the Patent. US 8,821,364 B2
Document identifier US 20100056844 A1
I literally cut and pasted the patent (US 8,821,364 B2) into my browser bar and got the document. That easy.
RadioGel I appreciate your position on doing everything possible to make AMIC a successful company but I agree with others here that this particular action needs to be secondary to resubmitting to the FDA. There will be time to pursue infringements of the patent. Is the time and money worth it if the FDA does not approve RadioGel for use? Right now I do not think it is. The point of spending money on a possible patent lawsuit with a product that is not approved for use in the medical community seems like quite wasteful spending.
AMIC can get to that later. The infringment , if it exists, will continue and that would/could add to the damages recovered in a lawsuit. Right now, as far as I know, infringement is not damaging AMIC as they have no commercialization of RadioGel in cancer treatment or for that matter as a great replacement to axel grease. Know what I mean?
It might take money to make money but I do not like the idea of spending any money right now on more lawyers. When in the heck does that refiling happen? I think it is pretty soon in my opinion. I just wonder if the stock will hit my personal buy price to expand my position before it happens. The floor would have to fail and I am expecting that will not happen.
Sentiment: Strong Buy