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Microcap & Penny Stocks : APPLIED MEDICAL DEVICES INC (AMDI)

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To: Milk who wrote (6)9/17/1998 9:37:00 PM
From: Leonard Bertrand  Read Replies (1) of 117
 
I have owned shares in this company since the days when it was developing products for the medical industry. They once had some promising products and the stock had some good movement. They never got out of the development stage as a company and then got out of the medical devices business . As for merging with another company, I wonder what would be the attraction of the company with only $130,000 or so in cash. Is the shell worth more than that to another company? The company was always pretty good about sending out information(annual reports) and seem to have been very upfront about their current situation.
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