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Amedica Corporation (AMDA)

Posted on 1/12/16 at 1:46 pm
Posted by Crescent Connection
Lafayette/Nola
Member since Jun 2008
2025 posts
Posted on 1/12/16 at 1:46 pm
Anyone following this one? Currently trading at 0.11. Have a FDA approval imminent (early Feb). They develop and commercializes silicon nitride ceramics as a biomaterial platform. Projected trading target of $1 by end of February. For someone who doesn't know a lot about stocks, can anyone lend sound advice if this is a good buy.
Posted by MoneyTime
Member since Jan 2016
192 posts
Posted on 1/12/16 at 3:02 pm to
Any more info on FDA approval?
Posted by whodatigahbait
Uptown
Member since Oct 2007
1756 posts
Posted on 1/12/16 at 5:34 pm to
quote:

Anyone following this one? Currently trading at 0.11. Have a FDA approval imminent (early Feb). They develop and commercializes silicon nitride ceramics as a biomaterial platform. Projected trading target of $1 by end of February. For someone who doesn't know a lot about stocks, can anyone lend sound advice if this is a good buy.


If FDA approval was imminent they'd already be trading at a dollar. I think what you mean is that they have FDA decision imminent; however, there is no way to ever tell what the FDA is going to do.

Unless you really understand the science and/or are comfortable with your investment going to zero (literally) I'd stay away.
Posted by Omada
Member since Jun 2015
695 posts
Posted on 1/12/16 at 8:39 pm to
They've diluted like crazy the last several months. I reckon there are a lot of bag holders ready to get out at any opportunity. AMDA won't hit a dollar without a reverse split.
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