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Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose
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To: blessed who wrote (1934)10/27/1998 6:26:00 AM
From: thomas a. burke   of 4650
 
Blessed,

I concur with your thinking on ADOT/Biomoda. I would be in favor of doing some private placements(as Guy said could be done)over the next year or so. If Biomoda needs 10 million a year for 2 or more years, this tells me a few things:
1) Biomoda will not be selling enough, if any early detection kits to
raise enough working capital for the next few years.
2) Biomoda will drastically dilute their shares to raise 20 million
over the next two years.
3) ADOT will not generate revenues till next year(hope I am wrong).

It is my opinion that ADOT will continue to burn cash and watch as Biomoda stock is heavily diluted over the next two years. If this scenario plays out, then Les will know how the ADOT shareholders have felt for the last year.

Regards, Tom B.
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