Here are some interesting points from the 10SB filed 6-23-98, of which many people may be unaware...
1) The price of the flat panel remote billboard is approximately $1,000,000, as opposed to the $ 14,000,000 price on the existing market.
2) There have been approximately 100 to 125 inquiries about this product from major outdoor advertising agencies for their high
visibility billboards.
3) For stadium use the displays will also achieve full motion. The ability to transmit for daytime bright and clear viewing is one of the benefits of the flat panel display.
4) For the 3-Month Period Ending March 31, 1998, ADOT showed a Positive $0.0158 EPS. This was based on Weighted Ave. Shares Outstanding of 11,157,596. (Long-term contracts are accounted for using the percentage of completion method, with revenues recognized in proportion that costs incurred bear to estimated total costs at completion.)
5) Total Liabilities were only $34,277 with Total Assets of $1,515,747 of which $739,493 was CASH !
Just some food for thought.
Best wishes,
Brad
PS. John, I didn't find any numbers relating to the number of shares Biomoda might have of ADOT. I found only the numbers relating to ADOT's ownership of Biomoda shares. |
