ADOT - BIOMODA: Profitable Technology with Purpose Message Board

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Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose

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To: Andrew T who wrote (901)	5/8/1998 10:51:00 PM
From: BIGFRED	of 4650

Hi ALL: My guess on the action this week is that ADOT must have been mentioned in some newsletter, or Sunday's paper in New Mexico. Usually these favorable exposures, results in increase volume and that is why the bid went up 50% this week, from .17 to .25. Since ADOT uses the percentage of completion method in recognizing revenues, I am looking forward at finding out the revenue in the first quarter of 98. Based on the 72k revenue received in 1997, the percentage of completion comes out to less than half of a percent. Also, we have not heard of the name of the Lab in AZ yet, for the Biomoda testing. My take on that is that Biomoda needs to raise more funding. Hoping that ADOT's recent increase in Biomoda ownership will help in that regard. Take care. Fred

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