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Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose
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To: BIGFRED who wrote (1170)6/26/1998 10:26:00 AM
From: Brad  Read Replies (1) of 4650
 
Fred, Good catch. I agree, the EPS projection I listed for 98 was incorrect (sorry). I was so focused on the Biomoda developments that I forgot to update the EPS calculations in my overview.

Those calculations should have been re-figured using the 12 million shares and a different estimated delivery. I will correct that.

As for the effect of Biomoda on ADOT, I'm not a CPA, but I believe your assumption is correct. But it's better for a CPA to answer this, so I will defer to them.

However, Biomoda income should increase the value of Biomoda shares, which would in turn be reflected as an increase in the value of that asset to ADOT.

If Biomoda is bought out, ADOT would realize a very substantial cash payment. And from my conversations with Biomoda, I would say that would be a very, very large amount. If you call Biomoda, you might ask them about this because it is very interesting.

Best wishes,
Brad
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