APPLIED MEDICAL DEVICES INC (AMDI) Message Board

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

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To: Leonard Bertrand who wrote (10)	9/17/1998 11:19:00 PM
From: Tony	Read Replies (1) of 117

A trading shell can be worth money to a company. Normally, those shells have large amounts of debt that make the shell unattractive. It's strange that the company has taken so long to find a buyer though. What line of medical equipment were they in? Product liability can last effectively forever, and that might be one reason they had problems. (Product liability killed the single engine aircraft manufacturers back in the early eighties. In '96 (IIRC) Congress passed a law limiting liability to 15 years which was enough to bring Cessna back into production.) The other stock that was a shell that I was in was CVIA. We got taken for a ride by some unscrupulous buisnessmen, but I got the impression that clean shells are significant assets. 12 years is a long time for it to be on the market though. -Tony

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