ADGI - American Diversified Group Message Board

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Microcap & Penny Stocks : ADGI - American Diversified Group

ADGI 1.920

-9.4%

Oct 29 9:30 AM EDT

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To: Whiskeyj who wrote (9548)	11/22/2000 1:24:45 AM
From: Walter Morton	Read Replies (1) of 9569

ADGI announced a $45,900 profit and an increases in assets to over $2.8 million. Well, if the increases in assets are mostly Fixed Assets, it won't take much depreciation expense, from those fixed assets to wipe out future profits. Of course, it is possible for sales to be so high that depreciation expenses won't matter. It could also be possible that ADGI chose to depreciate its new assets over a very long period of time and reduce the impact of depreciation expense. I haven't searched the SEC filing for those details. It's also interesting that ADGI would make such a big deal about its assets without comparing assets to debts or the change in assets to the change in debts. On October 12, 2000 ADGI reported that "The total revenue for the nine months ended September 30, 2000 exceeded $3.05 million. On 11/15/2000 ADGI "announced that its revenues for the nine-month period ended September 30, 2000 were $2.9 million I'll let somebody else think about what the profits would have been if that $150,000 in sales had not disappeard.

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