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: Stephen Goldfarb who wrote (3861)	5/5/1999 8:04:00 AM
From: Wink	Read Replies (1) of 4650

I hear ya Steve: Dilution is needed for these development stage companies, BUT, when I first bought ADOT in Aug 97, they had only 6M shares out and traded between $0.50 and $0.80 and were promising the first BB by March 1998. I have seen the dilution now go 5 fold and my original share price drop by at least 80%. That means that my original investment is now worth about 25 times less than when I started buying into this Company. We have all been strung along now with the first BB promise date of 3/98 now being 9/99 at the earliest. I have averaged down only because I BELIEVE that the technology is valid and that current management will succeed. I hope that I am right. Still long! ;>)

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