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


To: garyb who wrote (1415)8/3/1998 10:52:00 AM
From: JustMy2Cents  Read Replies (1) | Respond to of 4650
 
I believe the word "owns" refers to a combination of common stock, warrants and/or options to own 27% of Biomoda.

There has been no clear and definitive statement as to ADOT owning common stock representing 27% of Biomoda.



To: garyb who wrote (1415)8/3/1998 8:57:00 PM
From: BIGFRED  Read Replies (5) | Respond to of 4650
 
Hi Gary B.

We were notified by a shareholder about 2 weeks ago that there was a discrepancy between ADOT'S press releases and BIOMODA'S CEO. It turned out that they were both right and wrong.

If you now go to ADOT'S web page and look at the June 11th press release, it has been corrected. It now states that ADOT now has about 22% of Biomoda stock with an option to buy up to 27%.
The statement about the first right of refusal to design and manufacture the test scanning device is still there. It looks like when ARI talked to LES, the discrepancies were cleared and ADOT took the steps to correct their press release.

Take care

Fred