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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 (3691)	3/28/1999 11:42:00 PM
From: BIGFRED	Read Replies (1) \| Respond to of 4650

Hi All: Thanks to all who have reported bits and pieces of what they read. That makes my part easier. I would like to point out that new fresh sentences were inserted in the latest filings giving me the impression that very little was cut and pasted from the previous ones. This is my summary of the 30 pages: 1- 178,200 revenue was for the year of 1998. (last qtr was 34,200 based on my calculation) 2- ADOT'S billboard display will provide an image of 13' x 36' (I was surprised that ADOT used the word " billboard display" on page 3, I thought they were developing FPD "FLAT PANEL DISPLAYS"). 3- ADOT'S technology can be scaled (made smaller or bigger easily). 4-10 FT employees and one PT. 5- Page 21: ADOT is a developmental stage technology company. Upon substantial completion of the research and development the company plans to make a transition to producing this product. 6- Page 21: The company will be required to obtain additional capital in order to fund the completion of the contract. 7- Page 21: The company has marketable securities. As of 12/31/98 gross unrealized gains were 24,983 and gross unrealized losses were 31,858. 8- Advertising cost for 1998 = 15,040.00 9- Page 23: the contract to produce 2 billboards (not FPD ?) totals 1.7 millions of which 885,000 is allocated to the first unit. An estimated total loss of approximately 23,000 in the first unit has been recognized as of 12/31/98. The company estimated cost to complete as of 12/31/98 is $580,000 which it expects to fund with cash , billings on the contract and additional capital. 10- Page 23: Due from Biomoda : 5,000.00 (biomoda has no cash , only assets))...Page 24: Biomoda's asset = 73,223. 11- Page 23: Due from a former shareholder: 15,000.00 at 8% and due February , 1999. (maybe settled already?). Well that is all the other relevant stuff that I saw that could be of some interest to others. Take Care Fred