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Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose
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To: Nutbuster who wrote (1667)9/11/1998 5:42:00 PM
From: blessed  Read Replies (1) of 4650
 
According to the 10-SB, as of 6/23/98, ADOT owned 817,470 shares of Biomoda, and had an option to purchase an additional 248,950 shares. Through their own admission, they increased the number of shares issued, and the float, by approximately 1.5 million shares since then. Those figures were given to me about a month ago, by Mark Lewis. I would guess that the remaining Biomoda shares have already been purchased.

Just going from the charts available, I would say there have been approximately 3.5 million shares of ADOT stock traded in the last 9 trading days. That would indicate to me, that someone with a huge supply was dumping into the market, otherwise, the price would have went up, instead of down. JMHO.

Blessed
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