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


To: Major Tom who wrote (1631)9/10/1998 6:46:00 PM
From: Nutbuster  Read Replies (2) | Respond to of 4650
 
That may be their short term thinking.Score big early then concentrate on their core business later.



To: Major Tom who wrote (1631)9/10/1998 6:58:00 PM
From: blessed  Respond to of 4650
 
One thing that should be considered is Biomoda's need for financing. They state they will need a minimum investment of 9 million dollars to take them through 1999, with an additional like amount needed, to get them through 2003. I would assume this is the reason they are going public. That being the case, Biomoda will likely issue more shares which will dilute the shares held by ADOT.

How many shares would it take to raise 9 million dollars? What will be the value of the shares that ADOT has? What will it amount to, once distributed among the shareholders of ADOT? Biomoda going public is great news,,,,I think.

Blessed