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


To: EasyWay who wrote (216)5/10/1999 7:27:00 PM
From: EasyWay  Read Replies (1) | Respond to of 285
 
Prediction: I'm not sure how many readers this board has so this probably won't matter but here goes. Remember how the last highly offensive reverse split was explained as something that was being done to bring a valuation that would "get this company on a major exchange"? Well, what exchange would this go to besides NASDAQ? And to get onto NASDAQ I believe you must have a stock that trades at $3.00 or more, right? Obviously we have fallen from $10 to 1 1/2 on almost no volume at all. No one is buying but no one is willing to sell at these levels either. And just before the split we were seeing trades of 100,000 shares several times per week. I doubt those investors are just idiots that couldn't find a home for their cash so they threw it over here. Add to the mix, a letter from the boss saying we were scheduled for clinical trial completion in 12 weeks which puts the date at June 23, 1999. OK call me nuts but I think this is an opportunity to turn 1 1/2 into 3 at the very least. Once that happens, if we see an announcement that AMDL has hooked up with a major exchange, followed by an announcement that sales have started in China (some of which is to the government and/or military), I would like to suggest by mid summer we will see the $10 per share that this board was shooting for when it was started. Even though that $10 isn't impressive when you consider the reverse splits, I see nothing wrong with turning 1 1/2 into 10. Or 1500 into 10,000. Or 3000 into 20,000.
Easy :)