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


To: Nutbuster who wrote (1532)9/2/1998 2:41:00 PM
From: Nutbuster  Respond to of 4650
 
The only way we can combat dilution...just buy more



To: Nutbuster who wrote (1532)9/2/1998 2:59:00 PM
From: Brad  Read Replies (2) | Respond to of 4650
 
Thanks Nut! I wasn't watching and I almost missed that.

I just got off the phone with Les Robins. He said they bought some shares today. He said they have been buying at a steady rate.

Of course, I figure those shares might go into the company treasury so it wouldn't necessarily reduce the total outstanding. But the company would then control a larger percentage of the total shares.

I asked him what the total outstanding shares are at this point. He said the total is about 13.2 million.

The 10-SB said the 504 shares went out at about 16.5 cents. If ADOT is buying at anything less than that, they should be ahead in the deal.

We can all draw our own conclusions, but when I think through what he said he is doing, it makes sense to me.