Wayne, found more info regarding ADHC, apparently RB thread has been tracking this stock since April 2, 1999, want to be on NASDAQ exchange.
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ragingbull.com
Sorry for the delay in responding as I've been
busy putting together some financings for some
clients, one of which is ADHC. There are now
14,269,535 total shares (before any new coming
from new financings) with 4,200,000 (approx) in
the public float, 10,000,000 new restricted
shares owned by Genesis Business Management, Inc. and 26,686 restricted owned by 271 shareholders. The company is changing its fiscal year end from April 30 to March 31. The asset purchase, valued at $6,250,000 for accounting purposes, was made March 26. Therefore, ADHC's March 31 audit will cover only the period of March 26 thru March 31 for operations of the auto auction company and the charter air company. The early cut off allows us to get the audit done 30-days earlier, makes business sense anyway, then the co. will be able to file its Form 10 with the SEC to become a fully reporting company. When the stock gets to $4.00 per share and the SEC approves the form 10, and, assuming the co. has $4,000,000 in net tangible assets, they will apply to trade on NASDAQ smallcap. FYI, you didn't ask but I will tell you that Genesis Business Management, Inc. is a holding company owning a wide variety of assets including auto dealerships, auto parts stores, truck parts stores, land, hotels, etc. The holding company was founded by an attorney who is old and, unfortunately, of very poor health, not expected to live much longer. His daughter, Marianne Tomeo is Chairman of the big holding company and she is also chairman of Andros Island Hotel & Casino, Inc. The president of the holding company is an attorney in Tallahasee, heading a 35-man law firm. Andros may (nothing firm) in the near future, acquire additional assets from Genesis Business Management, Inc. Here is a news flash for you, by the way, the news release recently and the shareholder proxy had the shareholders approving a name change to "Genesis Enterprises, Inc.". However, it has been decided that for the next six months anyway to leave the name and trading symbol the same. There are reasons for this but can not tell you for now. Nevertheless, the auto auction company will gross about $25 million over the next 12-months and the air charter company will have revenue too, how much over the next 12-months will be determined by discussions currently in progress. It is safe, however, to assume that current projections for earnings would be about 17-cents per share or $2.5 million. With the stock at $1.00, we see a P/E of 5.9, call it a 6. The 500 stocks that make up the S&P 500 index trade at 26. If (big maybe) ADHC traded at a 26 the price would be $4.40. That's an important price too because at $4.00 ADHC qualifies for NASDAQ smallcap. By the way, how did you know ADHC's auto auction business was planning to do something on the internet?
Regards,
Edward Williamson, Managing Director
Williamson & Associates (investment banking)
Fifth Avenue Communications (financial PR)
Tel: 800-992-6616 e-mail: willstocks@aol.com
Disclaimer:
Williamson & Associates has been engaged by ADHC for investment banking services. The firm receives a 5% "finder's fee" for arranging private placements for ADHC. In addition, Fifth Avenue Communications has been engaged by ADHC as financial public relations counsel and is paid $5,000 per month in cash and receives approximately $2,500 per month for out-of-pocket expenses which covers mailing due diligence packages to investors, brokers, fund managers, etc., printing, postage, telephone, fax, e-mail, web site placement, PR Neswire fees, UPS, FedEx, delivery charges, letter shop services, copying, etc. In addition, Williamson & Associates, Fifth Avenue Communications, AGE Investment Co. (an investment company) all own ADHC shares which have been purchased from the ADHC and in open market purchases. Be warned, any of these, if not all of them, may buy additional shares, sell shares, trade shares, etc. all without warning the general public. But since the general public doesn't warn us before they buy or sell, we do not feel obligated to reciprocate. Also, please go to: fifthavenuestocks.com to read the legal disclaimers there regarding ADHC and other stocks.
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