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 : AMDL Inc (OTC BB:AMDD) 18 month target $10 -- Ignore unavailable to you. Want to Upgrade?

To: Mark Hutnick who wrote (205)	3/28/1999 1:28:00 AM
From: Bryant Rollins	Read Replies (1) \| Respond to of 285

My exact same sentiments!!! This company does a reverse split of 1:20 on 10/5/1998. They now want to do another one, 1:10 on 3/29/1999. Someone needs to explain to me how this has went because the numbers don't add up to me. When I look back at the 10QSB reports for last year, particularly the August 14, 1998 report it shows that there were 50,000,000 shares of common stock. If a 1:20 split was done on 10/5/1998 that puts the number of shares of common stock at 2,500,000. Yet the changing of the gaurd release on March 5, 1999 says that 6,666,6667 shares were issued to 8 investors. I thought with the reverse split there were now only 2,500,000 shares left? They said the 6,666,667 shares represented approximantly 80% of the issued and outstanding shares of stock. This would put the total number shares of outstanding stock at 8,000,000 shares. As I said before the numbers don't add up to me!!! Help?