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

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To: J. Nelson who wrote (4212)8/5/1999 3:31:00 PM
From: ksuave  Read Replies (1) of 4650
 
In the December 31, 1998 10QSB, the company stated:

"The Company relies upon current placement of its' securities to provide liquidity for its development of prototype and manufacturing operations.

The Company is also anticipating to produce additional liquidity over the next twelve months through the sale of part of its' holding in BioModa, Inc.

These sales of securities will provide adequate liquidity to meet adequate requirements through the end of fiscal year 1999."


Can someone please tell me what's caused the recent excitement? Was there any actual news to contradict what the company itself said about only generating income from the sale of its own stock and the stock of Biomoda this year? Where did everybody get the idea that sales were imminent?

Thanks in advance.

Richard
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