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


To: Andrew T who wrote (3677)3/26/1999 10:48:00 AM
From: Wink  Respond to of 4650
 
I too zeroed in on these numbers and am amazed that the company would sell millions of shares in the $0.11-$0.14 but only buy back a few hundred thousand at around $0.086. Seems that they could have bought some more back and made some operating capital on the churn!

Also, they are now talking about an end of third quarter timeframe for selling FPD's. I guess that since they have received so little on the contract so far (through 12/98 at least) that they are no where near completion of the first board. It seems that every time we hear or read something on the release of the first board, it is 6 months further away.

While I am not very happy about the delays, I don't feel the stock will drift any lower either. Kind of like putting your money in a pass book savings account, it doesn't earn much but it is relatively safe.

Long and holding. ;>)



To: Andrew T who wrote (3677)3/27/1999 5:39:00 PM
From: BIGFRED  Read Replies (1) | Respond to of 4650
 
Hi Andrew:

I tried to click on ADOT'S filing of March 25th and free EDGAR is requesting to be registered to receive the information. I used to get the link i guess on the thread and print all the pages.

Could you post the link to the annual document. I would like to read it and report to the thread anything that has not been reported yet.

The negative reports so far includes the 6 millions plus shares sold by the end of dec 98. The big positive is the 178k revenue, which tells us that they still have a client and are progressing. Another negative is that ADOT is still six months away from delivering according to Wink. Hoping that they did not run out of shares to sell to finance their next 6 months.

Fred

Take care