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Microcap & Penny Stocks : ADGI - American Diversified Group -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus who wrote (7662)	2/1/1999 5:02:00 PM
From: Ditchdigger	Read Replies (3) \| Respond to of 9569

Barginstocker..rememeber all salaries,consulting fees etc. are paid in shares...not cash..DD PS: and these shares issued as compensation, are not restricted Also,the good Doc and the young Esquire don't file form 4's or 5's... Don't forget, this company survives on stock.(or loans by officers convertible into stock-same difference).... From the last 10KSB "The Company's net loss for the year ended December 31, 1997, was principally the result of the lack of any significant sales revenues, the continued expenses associated with continuing to operate and maintain its offices and expenses associated with being a reporting company, which include professional, accounting and printing/EDGAR preparation and filing fees, and the non-cash expenses associated with the issuance of shares to its executive officer, directors and consultants for continued services to the Company in lieu of cash compensation during the period. Such non-cash compensation expensed during the year ended December 31, 1997 was $3,309,500 (unaudited), compared to $3,963,500 during the fiscal 1996. In order for the Company to pay its operating expenses, including office rents, salaries to its non-executive employee during the first six months of fiscal 1997, prior to the move of its corporate headquarters, telephone expenses, accounting and bookkeeping fees, printing and EDGAR preparation costs, publication costs, and other general and administrative expenses, the Company was dependent upon the funds provided by non-interest bearing loans from the Company's executive officer and directors, from a consultant, as well as from the private placement of its securities to private investors." "Such non-cash compensation expensed during the year ended December 31, 1997 was $3,309,500" hmm...let's see at .03 per share that's.......and the answer is?(about what is left to issue out of the 350 authorized number..