APPLIED MEDICAL DEVICES INC (AMDI) Message Board

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Microcap & Penny Stocks : APPLIED MEDICAL DEVICES INC (AMDI)

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To: bottomfish who wrote (81)	11/25/1999 10:39:00 PM
From: OLD JAKE JUSTUS	Read Replies (1) of 117

Well, Sir, I am no expert on this, but all Penny Stocks are highly risky, very speculative stocks. AMDI: A clean, very risky public Shell Corporation that is incorporated, fully reporting company, trades on the NASDAQ OTC:Bulletin Board, but has no significant debts, assets or operations. This is my opinion only and I may be wrong. Why would a company want to merge with AMDI? Well remember, AMDI is a Public Company. There are several foreign and domestic private companies that are looking for clean shells to merge with. Why? To cut out the red tape of going through an expensive IPO by doing the public offering. It would save time and money. If the new company is already doing a profitable business, they would on the completion of the merger automatically become a public company and the shareholders would profit. That is if the new company has no sizeable debts and if they are profitable. You're correct shell-type investing is one of the most speculative and highest risk of all penny stock investing on the open market. One could make a lot of money or one could lose all or most of their investment by investing in shell companies. I hope this helps. Beware of public shells! Jake

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