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To: Dave Shares who wrote (949)12/30/1997 7:50:00 AM
From: Cary C  Read Replies (2) | Respond to of 2377
 
Hi David, thanks for your response itsalways helpful when people workto disseminate information so hat everyone can be well informed. I think I disagree in regards to the backlog situation

1. The release mentioned that there was an 18 month backlog of 19.5 million vs. 13.8 million . This would have been an increase of 5.7 million from the previous and for 18 months not 12. Total sales through August were $21,812,000 thus surpassing the amount of 18 month backlog. So I don't think it would be fair to say that backlog orders have already exceeded year to date sales would it?

As far as numbers go revenues this year so far are $21,812,000 vs. previous $23,195,000 a shortage of $1,383,000. This would not lead me to believe that they have turned the corner yet

Cary



To: Dave Shares who wrote (949)12/30/1997 10:46:00 PM
From: Sergio H  Read Replies (3) | Respond to of 2377
 
Dave, the 2 million share buyback on ADMG is history. It already happened and is in fact a positive for the company. The sellers were Trilon and they now own 16% of the shares. They are still the largest shareholder. The company bought back the shares at $1.75/share
and there will obviously be less shares to divide the earnings by. So what's the concern?

Peg, thanks for the due diligence. You are a bulldog!!!

Sergio