To: blessed who wrote (1641 ) 9/11/1998 1:05:00 PM From: blessed Read Replies (1) | Respond to of 4650
It occurs to me, that any information posted, that has not been publicly released by ADOT or Biomoda, is strictly unfounded hype. At least thats what it would be called by a company asked to be responsible for it, when things don't turn out as stated. Neither co. is obligated to being responsible for such information. The companies can always claim the information shared was a matter of interpretation, and consequently misunderstood by the receiver. Unfounded information can be very misleading, and, financially damaging to many current and potential investors. I would prefer to see the source of any information shared on this thread mentioned, whether positive or negative, so other investors could determine for themselves how much credibility to place in it. I believe this would keep the integrity of the board intact, so it would not become like so many others. I'm sure, no one here wants to intentionally mislead another. This is one way to insure it doesn't happen. Now, from the 10-SB: Results of Operations (Advanced Optics Electronics, Inc. generated $72,000 in revenue during the three months ended March 31, 1998 as a result of continued work on the contract. The Company's anticipated completion date for the contract is March 1999.) The company states it is being paid on the basis of percentage of completion method. Through 3/31/98, it has been paid $144,000.00. This would indicate that of the $1.7 million contract, they had completed less than 9% at that time. It would be interesting to know where they stand now. I have not heard anything of the 2nd. quarter financials being released, and we are almost at the end of the 3rd. quarter. I have asked the company when we could expect them, but received no reply. Does anyone else have any reliable information pertaining to this? Good luck to all. Blessed