ADVA Someone is collecting this one IMO, that is a very good sign. :-))
I'm already in, and this is why:
Started By: +Investor Clouseau
Date: Nov 10 1999 1:35PM ET
To: SusieQ (232 )
From: Mr Metals Wednesday, Nov 10 1999 12:09PM ET
Reply # of 242
This was PM'ed to me last night..I thought it was 2c but it's 18c...
HERE GOES..
Here is one that looks like the real deal. Everything can be verified and there is no talk
anywhere yet about this one.
Advanced Medical Products, Inc. (OTC: ADVA)
Outstanding Shares: 6 million
Float: 1.5 million
ADVA is a clean fully reporting shell that has just come through bankruptcy. Its largest
creditor, Biotel, received 3.3 million shares of ADVA and purchased all of its assets.
Biotel's and the other creditors debts were discharged.
Loomco International, which had $50 million in sales last year, is taking over the ADVA
shell and purchasing all of Biotel's shares. Here is the link to ADVA's very recent 10K and
the very last paragraph of the 10K that mentions the Loomco deal:
sec.gov.
16. Subsequent Events
In October 1999, BIOTEL, Inc. entered into discussions with Loomco
International, Inc. and others regarding the possibility of BIOTEL, Inc.
selling its 3,300,000 common stock shares of the Registrant. All of the
current Directors of the Registrant have agreed to resign if the sale by
BIOTEL of the majority stock position is completed.
Loomco is an UNBELIEVALBE company. It is owned by founder Rod Loomis who is a
straight shooter from the old school. The company had $50 million in sales last year.
Loomco is a deep discount wholesaler of everything from cleaning goods to home
furnishings. It has 200 employees and warehouses totaling 450,000 square feet.
Loomco consists of several divisions, including wholesale, retail, Internet sales and even
livestock. The following links will provide you with ample information about Loomco. This
marriage between ADVA and Loomco International is one of the best I've seen in a long
time. If we use 3 times revenues we have a market cap of $150 million. With 6 million
outstanding this is over a $20 stock.
business-journal.com
loomco.com
dollarnow.com
hermitagepottery.com
mercerlivestock.com
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