To: Jim Bishop who wrote (23016 ) 1/28/2000 11:45:00 AM From: StocksDATsoar Respond to of 150070
This was sent to us by one of our subscribers. WE HAVE NOT CONFIRMED ANY ACQUISITION OF THE SHELL BY LOOMCO. Current Price: $.30 Subject: ADVA >Advanced Medical Products, Inc. (OTC: ADVA) > >Outstanding Shares: 6 million >Float: 1.5 million > >Involved parties: > >1. ADVA is a fully reporting clean shell that has just come through bankruptcy. > >2. Biotel, ADVA's largest creditor, received 3.3 million shares of ADVA and purchased all of its assets. > >3. Loomco International, a private $50 million revenue company last year; is purchasing all of Biotel's shares, that includes the ADVA shell. > >Link to the most recent 10KSB >http://www.freeedgar.com/Search/ViewFilings.asp?CIK=807732&Directory=807732&Year=00&SECIndex=2&Extension=.tst&PathFlag=0&TextFileSize=28776&SFType=&SDFiled=&DateFiled=1/12/00&SourcePage=FilingsResults&UseFrame=1&OEMSource=&FormType=10QSB&CompanyName=ADVANCED+MEDICAL+PRODUCTS+INC > >From the last paragraph, the deal with Loomco was mentioned: >16. Subsequent Events > >In October 1999, BIOTEL, Inc. entered into discussions with Loomco >International, Inc. and others regarding the possibility of BIOTEL, Inc. selling its 3,300,000 common stock shares of the Registrant. All of the current Directors of the Registrant have agreed to resign if the sale by BIOTEL of the majority stock position is completed. > >Loomco is a deep discount wholesaler with around 200 employees and a total of 450,000 square feet warehouses. > >Loomco's divisions consist of retail, wholesale, internet sales and livestock. > >http://www.business-journal.com/99045/99045_loomco.html >http://www.loomco.com >http://www.dollarnow.com >http://www.hermitagepottery.com >http://www.mercerlivestock.com > >with 6 million OS: >2x revenues, 100 million market cap = a $16 stock >3x revenues, 150 million market cap = a $20 stock >... >... >... >now you know how big it is! > >Buying a shell can be a very risky play, however, the result would be fantastic and unbelievable. Readers are advised to do their own DD. --- If you like Thisweekspick.com vote for us at;investorschat.com --- You are currently subscribed to analyst To unsubscribe send a blank email to leave-analyst-4029B@lyris.thisweekspick.com