Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Nutbuster who wrote (1672)	9/11/1998 8:33:00 PM
From: Nutbuster	Read Replies (1) \| Respond to of 4650

the 10q should answer many of our questions

To: Nutbuster who wrote (1672)	9/11/1998 9:10:00 PM
From: blessed	Respond to of 4650

Hi Nutbuster, In your last post, you mention that you talked to IR 2 days ago, and indicate that they also need money to buy the equipment to finish the FPD. Do I understand you correctly? Are you saying that as of 2 days ago, they had not bought the equipment yet? The Biomoda stock option is good for 12 months from the date they consummated it, and its probably to be executed for the same price as the other stock was. At the end of the 1st qtr, Adot reported cash on hand of $739,493.00. Biomoda says it received $300,000.00 investment capital from Adot. Adot received 817,000 shares of Biomoda in return. This works out to approximately $.35 per share. Based on that, the remaining 249,000 share option, should cost ADOT approximately $87,000.00. With the cash on hand at the end of the 1st. qtr, they should have had enough capital to buy the equipment, which they estimate to cost an additional $165,000.00 - $250,000.00. In addition, they could have exercised the stock option of approximately $87,000.00, and still have approximately $350,000.00 to handle every day business. Since that time, they have sold additional shares as well, thereby raising even more capital. Understand, this is my math, using their figures as I understand them. I fail to see where there should be a cash crunch in their financial situation. I didn't understand your reference to unproven stock. What stock are we talking about? I am only trying to become a well informed investor, and it is not my intention to put you on the spot. It would be nice if ADOT would come forward, and put these questions to rest. Any reliable information shared by you, will be greatly appreciated. Kind regards, Blessed