After making an e-mail inquiry to Biomoda two weeks ago I received this back Monday, July, 13, 1998. A little insight for everyone here. Any questions can be directed to my e-mail address: tsclaw@cybertrails.com
Dear Mr. Clawson,
As a courtesy, I will respond to your inquiry. I am the CEO of BioModa.
ADOT owns a little over 21% of BioModa. They have options, which if
exercised,
would bring the total to about 27%.
BioModa does not own, and was not offered any ADOT stock.
I don't know where these idiotic rumors come from, but there is no
relationship
between the officers of ADOT and the officers of BioModa, nor has there ever
been. Mr. Robins and I are both members of the Jewish community in
Albuquerque
and I did meet him briefly some years ago. Other than that, he and I don't
know each other in the slightest.
Yes, BioModa is well over a year away from being profitable, barring BioModa's
outright purchase by one of the major pharmaceutical companies with whom we
are currently in discussion regarding R&D projects, there can be no expected
returns on any BioModa investment within the next year.
I don't mean to be rude, but I was must tell you that my having to deal with
this rumor mongering is getting tiresome. I am the CEO of a small company
with an enormous task ahead of it. I do not have the time, energy or patience
to deal with these repeated inquiries, which to date have been complete
nonsense. We are a privately held company partly so that we do not have to
deal with the issues that publicly held companies have to contend with.
I hope that this e-mail answers your questions.
Sincerely,
Ari Ma'ayan
President/CEO
BioModa Inc.
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