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Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose

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To: J. Nelson who wrote (3833)5/3/1999 2:42:00 PM
From: Stephen Goldfarb  Read Replies (1) of 4650
 
This company looks interesting. Some concerns are that it is still a research and development operation. Authorized shares have been increased to 75 million. There are, at last report, about 29 million issued. The company finances its activities by issuing stock. I also saw a reference to a convertible debenture, which conversion can begin at any time. That could create further dilution, depending on the terms of the conversion. I haven't seen it. The company plan is to begin to sell its outdoor bulletin boards by the third quarter. However, I don't know how realistic that projection is. It would seem that investment depends on one's view of prospective success if they are able to market their product soon. Bio Moda also looks interesting. However, though they have tested, I did not see a reference to FDA approved testing. It seems like they are targeting overseas markets. Any comments, corrections, or additional information welcome.

Steve
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