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Microcap & Penny Stocks : APPLIED MEDICAL DEVICES INC (AMDI)
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To: Jacalyn Deaner who wrote (65)7/30/1999 12:03:00 PM
From: Jacalyn Deaner  Read Replies (1) of 117
 
For anyone interested in AMDI - FWIW
I just spoke with Greg - here is what I got:

He is not giving up his position; he has too much money tied up in AMDI - it is CLEAN and he is proud of that fact; he is also aware of the market and what benefits AMDI can offer:

1) a new company that wants IMMEDIATE exposure will get it quick with investor interest and the subsequent momentum that will occur.

2) an already established successful company that wants to take over a company that is already operational; he has had several NASD companies, the latest only backed out at the 11th hour - because of the outstanding number of shares - Greg mentioned something about doing a reverse split to make it more palatable for interested parties.

3) Reverse split consideration after the 11th hour deal break down - attempt to resussitate that deal fell through due to # shares 58 million out and 8 million authorized warrants.

4)The latest talks were last week with an Internet company with 40 million profit base.

My impression is that Greg Pusey is SERIOUS about getting this done - he has spent over 200,000 in attorney fees just to get routine documents drawn up for the interested companies to date, but that have not been consumated; He is quite certain it will occur, but he does not know when; he is not getting rid of his shares, nor are those inside the company.

He is also shrewd and a mover - knows how the market operates and is a wheeler dealer. Whatever happes it will be fast - he spent 10G the other day just to fly out to talk with some guy. He is actively marketing AMDI and is looking for the best opportunity.

That is all I found out. Hope it helps. CU, Jacalyn :)
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