You guys are all looking at this company wrong. The BIOMODA deal is really just a side issue regarding ADOT. It is in terms for us ADOT owners really a 'icing on the cake' kind of thing and should be viewed that way. Look at ADOT and it's story along the way. If you pay attention to the details you can't help but get excited about this thing. Forget BIOMODA for now and look at ADOT:
Forget about stock price cycles and look at the numbers to tell you the story:
1) DEC '96 balance sheet (unaudited because they weren't reporting yet)
a)Only $960 cash on hand
b)Total assets of $278,000
c)4.4 mil share (float) to public, 25 mil total
d)Net income loss <$77,000>
2) DEC '97 balance sheet (same as above)
a)Now $64,000 cash
b)Total assets $544,000
c)Paid in capital (invested themselves) $668,000
d)Net income loss <$84,000>
e)Now raised amount to public 7.1 mil shares (still 25 mil total)
Now it gets interesting:
3)March 31st '98 AUDITED balance sheet:
a)$739,000 cash on hand
b)Total assets of $1,553,000!
c)Paid in capital (invested in themselves) $1,472,000!
d)Net INCOME $224,000!
For those who don't know the difference between an autited and unautited financial statement, basically it means that a certified CPA verified everything to prove it is correct. It is one of the hassels of being 'fully reporting'. If you still don't believe in this company, just the fact that they, as can be shown from the above info, are not only growing tremendously, but are fully reporting should be enough to sway you to just consider it. Do you have any idea what a pain-in-the-ass it must be like to get your complete financials autited and then published four times a year? Especially when you're a small company?
But there is also one other thing I have yet to see mentioned anywhere. Did anyone notice the 13d filing by a company called V-Tech (or something like that)? A 13d is a form you must complete and submit to the SEC if you plan to buy at least 5% of any publicly traded company. So someone is investing bigtime in ADOT for a reason.
So the plot thickens......
Be glad you all now have the opportunity to buy this at .07 or .08. Just now are they going into production and doubling thier office space. Just now is BIOMODA starting to heat up. Just now does ADOT get 'blue-skyed' by the SEC and is fully reporting. Just now does an outside company come in and buy at least a 5% interest in ADOT. (maybe a buyout? hmmmmmmmmm......) Whatever it is, it is looking very good for us all here.
So look to the numbers for the true story and the truth will be told.
The Syndicate |
