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Microcap & Penny Stocks : APPLIED MEDICAL DEVICES INC (AMDI) -- Ignore unavailable to you. Want to Upgrade?

To: bottomfish who wrote (81)	11/25/1999 10:39:00 PM
From: OLD JAKE JUSTUS	Read Replies (1) \| Respond to of 117

Well, Sir, I am no expert on this, but all Penny Stocks are highly risky, very speculative stocks. AMDI: A clean, very risky public Shell Corporation that is incorporated, fully reporting company, trades on the NASDAQ OTC:Bulletin Board, but has no significant debts, assets or operations. This is my opinion only and I may be wrong. Why would a company want to merge with AMDI? Well remember, AMDI is a Public Company. There are several foreign and domestic private companies that are looking for clean shells to merge with. Why? To cut out the red tape of going through an expensive IPO by doing the public offering. It would save time and money. If the new company is already doing a profitable business, they would on the completion of the merger automatically become a public company and the shareholders would profit. That is if the new company has no sizeable debts and if they are profitable. You're correct shell-type investing is one of the most speculative and highest risk of all penny stock investing on the open market. One could make a lot of money or one could lose all or most of their investment by investing in shell companies. I hope this helps. Beware of public shells! Jake

To: bottomfish who wrote (81)	11/25/1999 11:01:00 PM
From: OLD JAKE JUSTUS	Read Replies (1) \| Respond to of 117

Reposted from Post 66 and is posted again for informational purposes only. The enclosures are that of myself and not that of Mrs. Deaner: >>> To: +Jacalyn Deaner (65 ) From: +Jacalyn Deaner Friday, Jul 30 1999 12:02PM ET Reply # 66 of 82 For anyone interested in AMDI - FWIW I just spoke with Greg - here is what I got: He is not giving up his position; he has too much money tied up in AMDI - it is CLEAN and he is proud of that fact; he is also aware of the market and what benefits AMDI can offer: 1) (He is looking for): a new company that wants IMMEDIATE exposure will get it quick with investor interest and the subsequent momentum that will occur. 2 (He is looking for): an already established successful company that wants to take over a company that is already operational; he has had several NASD companies, the latest only backed out at the 11th hour - because of the outstanding number of shares - Greg mentioned something about doing a reverse split (The Kiss of Death for an BB company, except in a case of a merger requirement, etc.) to make it more palatable for interested parties. 3) Reverse split consideration after the 11th hour deal break down - attempt to resussitate (sic) that deal fell through due to # shares 58 million out and 8 million authorized warrants. (Not so many!) 4)The latest talks were last week with an Internet company with 40 million profit base. My impression is that Greg Pusey is SERIOUS about getting this done - he has spent over 200,000 in attorney fees just to get routine documents drawn up for the interested companies to date, but that have not been consumated (sic); He is quite certain it will occur, but he does not know when; he is not getting rid of his shares, nor are those inside the company. He is also shrewd and a mover - knows how the market operates and is a wheeler dealer. Whatever happens it will be fast - he spent 10G the other day just to fly out to talk with some guy (and on business, travel, lodging, meals and other expenses.) He is actively marketing AMDI and is looking for the best opportunity. (To Merge, For a Buy-Out, a Take-Over, A joint Venture, or the like.) That is all I found out. Hope it helps. CU, Jacalyn :)

To: bottomfish who wrote (81)	12/5/1999 10:30:00 AM
From: OLD JAKE JUSTUS	Read Replies (1) \| Respond to of 117

Re-Posted for informational purposes only. This is not a solicitation to buy or sell any stock mentioned herein. I saw this on the BOBz's Forum and copied it for re-posting hereon. It is not intended for profit and/or personal gain: >>> Hot Stock Tips In response to earlier question. What IS a reverse merge, and WHAT are its benefits?? [CDNO] rca77 [207.66.20.192] roady@gilanet.com Reverse Merger vs. IPO Going Public by Reverse Merger In 1970, with no cash and in an exchange of stock, Ted Turner gained control of publicly traded Rice Broadcasting (WJRJ-TV) using a little known maneuver called a reverse merger. Virtually insolvent, but with a bold vision and control of a public company, he was able to tap the capital markets of Wall Street. His stock in the former Turner Broadcasting System (TBS) now Time Warner (TWX) is worth over three billion dollars. In February of 1996, Wall Street's top woman Muriel Siebert, who in 1967 became the first woman to buy a seat on the New York Stock Exchange., took her brokerage firm Muriel Siebert & Co, Inc., (SIEB) public through a reverse merger with J. Michaels, a liquidated Brooklyn furniture company. The legendary Arman Hammer invested in a public shell company in the 1950's and created an International company with 14,300 employee's worldwide and operating revenue of $10.6 billion in 1996. It's known as Occidental Petroleum Corporation (OXY). Reverse Mergers bring Public Shell Companies back to life. Companies usually go public by finding an underwriter and filing a Registration Statement with the Securities and Exchange Commission (SEC). An alternative method of going public is to effect a reverse merger into a public shell company. When the reverse merger is complete the operating company that wants to be public is merged into the public shell company. The public shell company is the legal surviving corporationThe name of the public company is changed to the name of the former private company and the controlling shares are transferred to the officers of the former private company. The net effect is that the former private operating company is now public with the same business, officers, directors with its shares being traded on the over the counter (OTC) Bulletin Board or on NASDAQ. The old shareholders of the public shell company also benefit; their old worthless shares now have value Reasons to Go Public The public company achieves liquidity for its shareholders through the OTC Bulletin Board or NASDAQ. Insiders "controlling shareholders" also achieve liquidity under Rule 144, which allows control people to sell, unregistered stock under certain conditions. A public company can use its stock to purchase other companies, collateralize loans or reduce debt in exchange for stock. Employee stock option plans also increase incentive. The capital markets of Wall Street could open to the company through private placements and secondary stock offerings once the market for their shares is established. Capital can also be raised through Reg S, offerings to foreign investors. Under certain conditions free trading stock can be created to reimburse for services rendered, under an S-8 Registration. Why Shell Mergers? There are four major advantages of a shell merger. It is a less expensive method of going public, and if the shell has capital, you will know before the shell merger precisely how much equity you must give up for that capital. In the traditional IPO, you do not have assurance as to how much capital you will actually receive until the effective date of the IPO, after you have already spent a substantial sum. After the merger, the existence of a public trading market in you company's stock is a very useful in attracting additional capital, since the market provides immediate liquidity for the investor. And finally, if the shell has a tax loss carryover, that carryover, subject to significant limitations, may be available to shelter the taxable income of your business.>>> As a matter of record on last Friday, I sold all of my AMDI shares and put the proceeds into another Public Shell, OTC:BB, CDNO. Only time will tell if I am right or wrong. But, the fact is they are both very risky stocks. WARNING: Investing in Penny Stocks and especially Public Shells, can be very hazardous to your wealth.