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Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose
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To: Brad who wrote (847)4/27/1998 12:32:00 PM
From: Catawbakid  Read Replies (3) of 4650
 
Without appearing too negative, I would not describe today's news as excellent. Most of the release was a rehash of old information.
How many shares of Biomoda were bought and for how much? Was it in cash? What are the terms of the remaining option? It was my opinion that ADOT already owned 20% of Biomoda.
What ADOT needs to demonstrate is that it can be profitable with its flat panel displays rather than projecting earnings 5 years hence. Until that is accomplished, the share price will linger where it is.
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