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

To: JOHN WHITE who wrote (2434)	1/23/1999 7:06:00 PM
From: blessed	Read Replies (1) \| Respond to of 4650

Hi John, Overcast Saturday afternoon, not a whole lot to do, so I decided to check and see what was going on at the ole ADOT thread. I scanned through the posts and seen where adot had finally filed a 10Q, this of course peaked my curiosity, so I had to take a look. Several flags I see, but I won't go into that. Now that I am no longer a shareholder, what happened after I got out, really doesn't concern me. I feel that's between the current shareholders, and the company. The one thing that does concern me is this, taken from their 10Q: The note receivable from former shareholder was issued for $10,000 in the Company's common stock and $5,000 in cash. The statement FORMER SHAREHOLDER, indicates to me that the company loaned someone $15,000.00. $10,000.00 of which was for the purchase of stock, and the remaining $5,000.00 as a cash loan. On top of that... FORMER SHAREHOLDER, to me indicates he no longer is, and consequently must have sold those shares. Since the entire debt at the time of the filing was still outstanding, while apparently selling the stock, he didn't pay the company back any of that money. It appears, someone had a very close and meaningful relationship with the company. I've never heard of any company loaning an individual money to buy stock in itself, but cash as well. Since I was a shareholder during that period, I'd like to know who that former shareholder is. During a time the company felt as though it had to sell additional shares, thereby diluting shareholder value, it also felt a sense of responsibility to someone, as to loan them shares of stock, and cash. Causes me to wonder if it was someone who may have influenced my initial decision to buy into ADOT, due to the content of their posts on this board. Since its already been established that ADOT won't respond to my emails, faxes, and phone calls, it would sure be nice if someone in good standing with them, could find out the answer to that question. I believe its one that deserves an answer. Before leaving today, just want to quickly say HI, to of course yourself, BIG FRED, DARPA, RBARON, and others who were active here during my investment period, and are still around. Good luck to you all. Kind regards, Blessed