Must admit, I never heard of PENNYPICKER till last week when it started to leak out that they would be hyping ADOT. If I knew they would be hyping ADOT then I am sure many, many more investors knew this also and in all probability they are the ones that have run this stock from .05 to .19 in the past week. Apparently the "official version" of the hype was released yesterday and may induce new buying from the PENNYPICKER followers who think they were the first ones to receive this "HOT TIP". Hate to tell you folks but that news is old and has already run the stock up 400%, until yesterdays profit taking.
If yesterdays link to the PENNYPICKER hype job is correct, then I suggest they do a little more research on the company they are hyping.
Shares Outstanding--- As was pointed out yesterday(By a very knowledgable poster), the outstanding should be around 22,000,000 shares based on Mr. Hirsch's 5% ownership(app. 1.1 mill. shares) and not the "approximately 17 million shares" as stated by PP.
Biomoda will be very happy to learn they are "ADOTs SUBSIDIARY". This is a false statement. ADOT is a minority shareholder in Biomoda.
"ADOT is a fully reporting company to the SEC". As previously stated, in my last conversation with Leslie Robins, ADOT CEO, he told me"ADOT is not a fully reporting company, we only filed to become one". It is my opinion that if ADOT met the minimal standards set forth by the SEC to become Fully Reporting we would have heard about it in one of their PRs. My guess is they did not meet the standards.
"According to ADOTs 12-9-98 PR, they already have contracts worth 7 million $". I suggest PP reread that PR. I believe it states ADOT has potential customers. Big difference.
"And any rumors of a reverse stock split is a plain lie, ADOTs outstanding shares is very small" It has been documented through ADOT PR that the outstanding is approximately 22 million shares. I believe the authorized is 25 million shares which means there are 3 million shares left which may be sold into this hype job. We all know what comes next.
"The author of this newsletter does own shares of this stock, prior to his/her newsletter being sent out and may sell them at any time" I understand that various newsletters are compensated for "their support". What I would like to know is how many shares were given to
PP or did he actually buy them at the .05 range. If the shares were gifted then ADOT should request them back based on all the inaccuracies set forth by PP. Then again ADOT management has never let a few inaccuracies bother them.
Regards, Tom B. |
