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Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose
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To: Rollltide1 who wrote (1553)9/3/1998 1:33:00 AM
From: BIGFRED  Read Replies (1) of 4650
 
Hi

I have never seen a limit order higher than the ask and not getting executed. Make sure your limit order is still open. If it is, then ask your broker for an explanation. Currently the ask is 14 cents. It might be cheaper to ask your broker to buy xx shares at .14. ETRADE accepts orders for sub penny prices as well as any price if it is not a fraction at no extra cost. I once bought xxx,xxx shares of a stock thru ETRADE for 19.95.

Good luck.

I also like the fact that we had about 25 posts today that were very informative. I personally don't like share dilutions, however, the rent and employees need to be paid. If the dilution is needed to enhance the business, then it is a necessary evil. If Adot bought shares today, that means that they have enough cash for the short term. It could be that also LES is expecting higher prices in a month. Reselling shares at a higher price means less dilution.

I wish ADOT was 1 dollar per share, so that only 1 million shares would be needed to be sold. Unfortunally you need about 8 million shares at today's price to raise one million. So, LES is using any extra cash to buy at current low prices. Maybe the 2nd quarter financial results will be released soon. Remember that the Biomoda shares that ADOT holds are worth at least 10 cents of ADOT 's share price. To repeat this is A BARGAIN.

Fred
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