To all: some interesting facts after I read ADGI SEC filing.
Outstanding shares are 86MM, not 100 to 120 MM we have talked before.
I quote some statements from the filing:
Such services have enabled the Company to reach its present stage of
development, which includes: having received product registration and approved purchase orders aggregating approximately $1,000,000 for generic pharmaceuticals, vitamins, diagnostic test kits and HSA from the Republic of Guinea and having shipped its initial generic pharmaceutical products subject to that order; having secured a commitment for pre-export financing from an institutional investment banking firm and a loan from private lenders pre-export funding for its initial shipments to Guinea which shipments commenced in June, 1997; having secured purchase orders for 100,000 dengue fever and
100,000 malaria vivex test kits from the National Health Foundation of Brazil, State of Roraima, for which technical approvals have been obtained and final approvals are pending, which order may result in additional orders for up to 1,000,000 test kits in Brazil, nationally; having submitted samples of blood derivative products, manufactured by the Bayer Corporation, Biological Products Division, pursuant to the request of the National Blood Bank of the Ivory Coast, which samples are presently under consideration; and after the quarter ended June 30, 1997, having secured a letter of credit in favor of the Company in the amount of $100,000 from PERGUE S.A.R.L., the Company's representative in the Republic of Mali underlying the Company's recent orders from Mali for generic pharmaceuticals, as well as orders for blood derivative products and diagnostic test kits, which also provided for the shipment of HIV test kits to Mali for registration and sale to the National Blood Bank of Mali; and after the quarter ended June 30, 1997 the establishment of a venture that is presently marketing "call-back" telecommunication services to major multinational corporations and foreign embassies in both Guinea and Mali, from which the Company shall begin to generate operating revenues and current accounts receivable commencing in the quarter ended September 30, 1997.
Plus, the company will receive $200,000/month for call-back services.
Who can figure out the earnings can be for this and next quarters?
Have good luck to all!
James |
