ADRN---Looking at SEC files gives much cause for concern...Stock trading off today...Here is a good starting point that delineates the good, the bad and the ugly....
freeedgar.com
ADRENALIN INTERACTIVE INC
Form: 424B3 Filing Date: 8/21/98
*SHARES REGISTERED for sale by insiders and affiliates
*LOSSES EXPECTED TO CONTINUE...
>>> As of
March 31, 1998, the Company had an accumulated deficit of $7,941,854 and such
deficit has increased since then. Since inception, the Company has generated
limited revenue.<<<
*POSSIBLE FAILURE TO CONTINUE AS A GOING CONCERN
*.AMORTIZATION OF INTANGIBLE ASSETS
Approximately $4,324,395, or 74%, of the Company's total assets as of
March 31, 1998 consisted of goodwill and patents and licenses arising from the
Company's acquisition of Western....
*SHARES ELIGIBLE FOR FUTURE SALE
Sales of substantial amounts of Common Stock in the public market,... (List of 1.5 mil post split shares offered for sale by insiders / affiliates...)
Revs of 400k, heck, tmex did more than that, didn't he?
On the bright side, looks like a new 10q is due (quarterly) and a couple of the programs they are working on for others show promise... |
