SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Andrew T who wrote (953)6/2/1998 11:23:00 PM
From: Brad   of 4650
 
Thanks Andrew! The Balance Sheet looks really strong. Cash position is excellent. Current ratio is 46:1 !!!

At the current "burn rate" their cash position should keep things moving along well. I was glad to see that.

I'd say if they see added revenue from displays anytime... even as late as 4-6 months from now, they should still have plenty of cash flow.

I saw on the Balance Sheet that the total outstanding shares have increased to 12 million, so apparently the cash position came probably from extra shares. However, I would also venture a guess that they probably used some shares to increase the holdings in Biomoda (remember, just my guess).

Overall, I'd say the Balance Sheet showed a better picture than I expected. :-)

Best wishes,
Brad
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News