AMERICAN BIOMED, Minimally Invasive Technology (ABMI) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: samcat9 who wrote (2181)	11/23/1998 5:04:00 PM
From: dollarone	Read Replies (1) of 2887

I think the fact that the Company issues stock to pay their debts is negative for the shareholder. However evidently the Company believes otherwise as this statement from the 9/30/98 10-Q indicates, " ...the Company continues to convert trade debt to common stock to improve the Company's financial position and cash flows." Total shares outstanding as disclosed on the cover page of the 10-Q as of 11/2/98 has increased to 30,704,186. Cash on the balance sheet at 9/30/98 was $17,000. With the balance of the $5 million equity line of credit unavailable at this point it appears conserving cash is their primary effort.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next