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Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose -- Ignore unavailable to you. Want to Upgrade?

To: Andrew T who wrote (953)	6/2/1998 11:23:00 PM
From: Brad	Respond to of 4650

Thanks Andrew! The Balance Sheet looks really strong. Cash position is excellent. Current ratio is 46:1 !!! At the current "burn rate" their cash position should keep things moving along well. I was glad to see that. I'd say if they see added revenue from displays anytime... even as late as 4-6 months from now, they should still have plenty of cash flow. I saw on the Balance Sheet that the total outstanding shares have increased to 12 million, so apparently the cash position came probably from extra shares. However, I would also venture a guess that they probably used some shares to increase the holdings in Biomoda (remember, just my guess). Overall, I'd say the Balance Sheet showed a better picture than I expected. :-) Best wishes, Brad

To: Andrew T who wrote (953)	6/2/1998 11:58:00 PM
From: BIGFRED	Read Replies (2) \| Respond to of 4650

Hi Andrew and ALL: Was today the first day ADOT'S 1st qtr for 1998 appeared on the web? I hope Getcher who has more than 5 years of CPA experience can translate those financials. This is my impression of them: Big Negative: We went from 7 million shares to 12 million shares with no explanation. I don't believe we had a press release commenting on the 1st quarter results. Positives: We have 739k+ in cash. (cash is king) The contract receivable from the 1.77 million contract is only 144k now. Using the percentage of the completion method, ADOT had only about 8% left to do on the BB. (MAYBE be even installed now). The Biomoda cost was 35k+ and is now worth 278k+. (800% up). The net income of 224k+ comes to .018 EPS. So ADOT is selling at roughly a P.E. of 10 (great for a technology company). Does anybody have a different impression? Take Care Fred