Medical Industries Of America, MIOA Message Board

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Biotech / Medical : Medical Industries Of America, MIOA

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To: arnold silver who wrote (170)	5/27/1997 10:31:00 PM
From: Jones	of 570

Also, paying bills with stock may be MIOA's most effective way of expanding. This company has an 18 million dollar debt and very little cash at hand. Employee salaries and bills will most likely be paid off with stock. Diluting the shares - yes, but perhaps the only way to turn this thing around. This dilution has scared off many would be investors and rightly so. Let's hope we stay under 5 million shares outstanding for quite a while. MIOA is currently trading at 12 cents a share pre-split. Lots of excitement to come in the next few months. The moving average looks pretty darn nice.

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