Frick....please do not be offended by my presence here...*BUT* how can one *NOT* read this for what it states in pretty straightforward terms:
From the 10-q filing:
>>>>>>With respect to the Company's telecommunications
business, the Company during the second quarter of fiscal
1998 reported the pending acquisition of an equity interest
in Global Transmedia Communications Corporation, Miami,
Florida ("GTCC"), and during the third quarter of fiscal
1998 the Company and GTCC have continued to negotiate the
terms of the potential acquisition. The GTCC operation to
date has not yet generated any revenues. <<<<<<
They have *NOT* inked a deal, and GTCC has *NOT* generated any revenues! Is this *NOT* clearly contradictory to ADGI's press releases?????? (and so what else is new?????)
>>>>>>>>>>With respect to the
Company's call-back venture in West Africa, the Company did
not generate any revenues or receivables during the third
quarter of fiscal 1998 because of technical difficulties
encountered in West Africa with regarding line interruption.<<<<
OOOps, no money here either! Oh well!
>>>>>>> The Company and Emerging Trends Linkages Corp. ("ETLC"),
subsequent to the end of the quarter ended September 30,
1998, negotiated the sale by the Company back to ETLC of the
Company's rights under the call-back agreement, effective as
of September 30, 1998. In consideration for ETLC's
repurchase of all call-back rights and receivables, the
Company received back from ETLC rights to 17,000,000 Shares
of the Company's common stock. <<<<<<<<
Ok, so any *possible* revenues are history....
>>>>>In addition, the Company and
ETLC agreed that the Company will have use of offices at
Rockefeller Plaza for its Investor Relations office, with no
office rental expense to the Company. In further
consideration for the agreement with ETLC, ETLC was assigned
by the Company and ETLC assumed the call-back receivables of
approximately $17,400, as well as the receivables from
generic pharmaceutical invoices of $18,100 and $7,500 from
West Africa, which have not been paid to date.<<<<<<
The pathetic revenues from their generic drug sales (not paid yet of course) are given back to ETL as well. Does it matter to anyone that ADGI paid MILLIONS for these "rights" and "introductions" from ETL to begin with????? Or does everyone conveniently forget that????
Come on folks, this guy is unreal. Will the stock have to go to ZERO before the game is played out?
As a *past* holder of this stock I can not let this go unsaid!
Cheers! |
