American Digital Corp (ADCM) Message Board

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Microcap & Penny Stocks : American Digital Corp (ADCM)

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To: kbert who wrote (212)	6/17/1999 1:56:00 AM
From: Prefabhomes	Read Replies (1) of 228

By: suedonim Reply To: 2045 by BossLars Wednesday, 16 Jun 1999 at 5:17 AM EDT Post # of 2110 It is not a loss until you sell! For those of you, especially new investors, who now have a paper loss in ADCM, remember that is it only a paper loss until you sell! I heard that Tuesday's selloff was primarily two ADCM shareholders who unloaded their holdings of 300k and 700k at "anything above $1.00" due to margin calls on other stocks. Look at the volume for the previous few days and weeks. The week of 6/1 averaged 495k and the week of 6/7 averaged 399k. Monday's volume was 521k. Today was 1,550k. The extra 1million shares were essentially the 2 margin sells. The comments on RB board that Congress will legislate internet and satellite gaming are old news! I asked those questions two weeks ago and the answers are that such gambling may indeed be regulated to garner tax revenue for state and federal coffers. But any legislation will not be the fatal blow to ADCM's vision of global satellite horse racing and gaming. The market is there waiting on someone to fill it and governments are going to need the extra tax revenue. It will have no impact on ADCM. Maintain your composure and focus on the business model and the future. It takes time to get the racetracks signed up and to complete the other aspects of the business, but the foundation is clearly being set into place. This company will achieve great things soon and those of us who are patient will be handsomely rewarded! The attitude of those who posted since midnight is indeed positive and focused on the future. Those watching quietly should hold tight and ride it out with us. We want to see all of you at the finish line when this horse is above $20. (My goal is by 12/99). Sue

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