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Biotech / Medical : AMDL (BB: AMDDD)

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To: JSB who wrote (1)10/19/1998 8:23:00 AM
From: EasyWay  Read Replies (1) of 6
 
I am hearing that talks to obtain needed financing are going well. If they can get $1 million they will be back on their feet and ready to make a go of this thing. $5 million would be enough to do all that needs to be done including US clinical trials for DR-70 which is what we have been looking for all along. Since the reverse split is behind us, the float would grow to 6 to 8 million at todays price levels (based on obtaining $5 million) which should make this stock grow very quickly when the approval process is done. With worldwide sales of both DR-70 and their ulcer kit we should see $2 to $3 per share in earnings. If the stock sells at a 20:1 PE ratio that puts your existing stock at the $40 to $60 price level. Not bad!
Easy:)
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