The events of the past week since 3rd quarter earnings came out, indicates, the weak sisters who were negatively influenced by the write-off taken by the company, reflecting new equipment purchases to support the new order influx received by ADMT.
This management decision augurs well for the future stock price, as it will not be a drag on future earnings, and we can look at a bright picture in the year ahead to reflect higher profit margins.
ADMT CEO Andre' DiMino added,"Furthermore, I am particularly pleased that our income from operations for the first three quarters of this year is up 180%, which is almost triple the income from operations from the first three quarters of last year. We continue to deliver on all of our goals, and we are determined to bring ADM Tronics to the forefront of the electronic medical device industry."
The overhead supply of over a million shares has been easily absorbed, mostly on the bid, showing the impatient wanted out at any price, suggesting they would have been the sellers on the next upmove.
I expect current ADMT stockholders will be well rewarded to stay the course, as quarterly reports looking forward should be VERY ATTRACTIVE! Any move thru the .22-.24 cents supply on volume will bring new money into this attractive underpriced OTC stock.
Congratulations to the faithful who used the lower prices, to increase their holdings as we are about to enter a new bullish uptrend for ADMT.
Stay the Course..
