ADOT - BIOMODA: Profitable Technology with Purpose Message Board

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

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To: Wink who wrote (3841)	5/3/1999 9:41:00 PM
From: Stephen Goldfarb	Read Replies (2) of 4650

The estimate of 50% profitability may apply to when the company completes its research and development phase. The SEC filing (March 25, 1999) contains the following passages: The success of the company will depend on its ability to commercialize its technology and complete this contract. In addition, the company will be required to obtain additional capital in order to to fund the completion of the contract. The contract to produce two outdoor advertising billboards totals $1.7 million, with $885,000 allocated to the first unit. An estimated total loss of approximately $23,000 in the first unit has been recognized as of December 31, 1998. The company's estimated loss to complete as of December 31, 1998 is $580,000, which it expects to fund with cash, billings on the contract, and additional capital. In accordance with the contract, the company will bill the customer when certain milestones have been met. There were no billings as of December 31, 1998. Steve

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