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Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose
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To: Brad who wrote (1686)9/14/1998 5:16:00 PM
From: Major Tom  Read Replies (1) of 4650
 
Brad, I believe your post was incorrect when you mentioned....

"PRO ADOT - ADOT has more liquidity right now and since ADOT owns 22% of
Biomoda, then 4.54 ADOT shares = 1 Biomoda share.

1 Biomoda share = $1.50
4.54 ADOT shares x .14 = $0.64
ADOT looks like the better buy at this level to me."

I don't believe this is correct unless you know how many shares there are of Adot and biomoda, example:

2,000,000 shares of Adot outstanding
1,000,000 shares of Biomoda outstanding of which Adot owns 220,000 or 22%.

9.09 ADOT shares = 1 Bomoda Share, not 4.54 adot to 1 biomoda
I don't know how many shares of either there are outstanding just an example.
of course this doesn't take into account the billboards adot is making.
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