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Microcap & Penny Stocks : ADGI - American Diversified Group -- Ignore unavailable to you. Want to Upgrade?


To: Matt Meagh who wrote (6043)3/31/1998 8:07:00 AM
From: Roman S.  Read Replies (2) | Respond to of 9569
 
The most important thing to remember about these shares is that they are "performance restricted", meaning that those shares are not available on the market at any time soon because they will be issued IN THE FUTURE as long as criteria is met by those companies providing services to ADGI (new customers for Telecom services, drug sales, etc). If they do not perform for the company, then those shares DO NOT get issued to the company mentioned. This IMO, is much better than paying these guys cash for services rendered because now they have a vested interest to do the right things for ADGI, in order to get those shares and be paid. And it becomes their best interest to work hard for ADGI to get those contracts to make the share price grow, because their payout in stock will be so much greater if they help it succeed. If the Doc paid them cash up front, what kind of performance do you think we would receive ? What incentive would they have to work harder for ADGI if paid in cash ? They'd say "Thanks", and "See ya' !!!" and maybe give the Doc a phone call once a month repeating that they're working on contracts but still delayed in finalizing them.
At least this way, if they are the greedy bastards like we all are, they will get as many contracts done as soon as possible to ensure a gain in the stock price before taking delivery. From my guesstimates, there is about 80 mil shares of the total outstanding that are restricted to performance. If they don't produce results, they don't get even 1 share issued to them. Remember, this S-8 registers shares TO BE ISSUED, NOT that they are issued currently and in the hands of those mentioned in the S-8 ready to hit the market next day. They will be in the hands of ADGI corporate account until conditions are met for them to be disbursed.

Hope this clears the issue regarding shares registered. Have a nice day.



To: Matt Meagh who wrote (6043)4/1/1998 5:52:00 PM
From: Hubert Few  Respond to of 9569
 
Matt pondered the intrinsic value of certificate ownership thusly:
"Do you think it would cost effective to use ADGI certificates
as wrapping paper, or better yet, sell it to fish mongers to wrap fish in?"

Well, ya know, when you said fish monger, I was thinking hoor-monger cuz of ADGI's sterling bloodline in underwriters...."the little whorehouse that could". Course nobody here knows, remembers or cares that the slimeballs pushing this tarbaby into the thicket also did an IPO on a "sporting house".

Hmmm, I could remark on the smell of fish, but that would be in bad taste. I am taking etiquette course from Al C. AKA "Mr. Manners" of internet investment forums.

Cheers, fears, and stocks that roll like the tide.