American Digital Corp (ADCM) Message Board

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Microcap & Penny Stocks : American Digital Corp (ADCM)

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To: Mark Mattson who wrote ()	3/22/1999 7:07:00 PM
From: John E. Jacobs	Read Replies (1) of 228

Services will be launched first of april.Spoke to John Simmonds and he confirm the date.He also give us the share structure of ADCM as follows: Total outstanding shares 24.5million. Directors and Institutions hold beetwen 11-12million shares. 4 to 5mill is in strong hand and I think its his friend and close associate.About 7 to 8 million is the float and he feels very comfortable with it.There will be a few Major NR within the 2weeks. We had the opportunity to witness a live horserace brodcasting FROM NEW ORLEANS. I must tell you it was spectacular. The satellite dish and box will be ready to ship Wednesday and they are getting about 50-60 calls a day to sign up. He also mentioned to me that they need 6700 subscribers in order to break even and once they start advertising, he feels that they will be able to do it within 3 months. I wil be getting more informaiton,and as soon as i have it I will post it. I AM NOT HERE TO HYPE THE STOCK PLEASE DO YOUR OWN DD I DID MINE, AND I BELEIVE WE ARE IN FOR SOMETHING BIG

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