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

To: Wink who wrote (3841)	5/3/1999 4:54:00 PM
From: Stephen Goldfarb	Respond to of 4650

Thanks for your informative note. Steve

To: Wink who wrote (3841)	5/3/1999 5:13:00 PM
From: J. Nelson	Respond to of 4650

Wink, I'm thinking your on to something very big in your thinking... We may see the rest of a story over the next few weeks change the way sales and orders are worked on. In the past we thought of a firm having to build and turn it over to make money. IMO. that's a thing of the past and when you want a big item like this it would not be much to ask for 50% or more as a down payment for the product. Looking forward to the next few weeks with something from ADOT on Technology. Regards, Jim.... P.S. I guess my hunch on Thr, & Fri, was a good one.

To: Wink who wrote (3841)	5/3/1999 9:41:00 PM
From: Stephen Goldfarb	Read Replies (2) \| Respond to of 4650

The estimate of 50% profitability may apply to when the company completes its research and development phase. The SEC filing (March 25, 1999) contains the following passages: The success of the company will depend on its ability to commercialize its technology and complete this contract. In addition, the company will be required to obtain additional capital in order to to fund the completion of the contract. The contract to produce two outdoor advertising billboards totals $1.7 million, with $885,000 allocated to the first unit. An estimated total loss of approximately $23,000 in the first unit has been recognized as of December 31, 1998. The company's estimated loss to complete as of December 31, 1998 is $580,000, which it expects to fund with cash, billings on the contract, and additional capital. In accordance with the contract, the company will bill the customer when certain milestones have been met. There were no billings as of December 31, 1998. Steve