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Microcap & Penny Stocks : ADTC
ADTC 0.000001000-99.0%Jun 2 10:25 AM EST

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To: pres/ceo who wrote (312)8/31/1998 11:46:00 AM
From: Ralph Bergmann  Read Replies (1) of 329
 
Ok, I tripled my position today at 1 5/16 and could average down to 2.1$.
I think that the current valuation mainly in the sense of market cap is ridiculous. 5.5 million with presumable sales of about more than 25 million is a bargain in my eyes.
I think the downturn of the recent days is not related to the company but soley the effect of the bear market. And ADTC is surely not the only company which got hammered down.
During the last year there were a lot of decisions made which are aimed to position the company much stronger in the global market. I cannot say that I found any of those decisions irrational. Every decision was quite understandable.

Mr. Walters, I have a lot of faith in your company and in your ability to put it a into strong future position. I hope you will not have major problems to finance your projects (this is my main concern). I think for shareholders it will be the best that you don't worry about the stock price, but to do your business as usual. In any case I wish you the best and if this does not help I will come overseas and sell the microwave bags by going from door to door.

I think it will be worth to be patient, even if the stock price drops below 1$. If the markets want to go crazy then it is their legal right to do so.

Ralph
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