Reverse Mergers & Low Float Plays

[Potse]

ADMG(.10)...added to position......

16.1M shares outstanding
4.24M float

Larry Eastland purchased control of this shell around the end of March 2022 (11,866,563 shares).

Since my last post over on the ADMG board, I have been adding to my position at prices under 13 cents. Picked up a 50K block at ten cents today. My current cost basis is now under 12.9 cents.

Over on the ADMG board I mentioned that Eastland had registered a biotech advisory service company in Florida during 2021. I speculated that maybe he might use the ADMG shell for some type of biotech RM. Kind of interesting to note that after I made that post the quarterly filing for TGRP (another company/shell that Eastland was connected with during 2021 before selling it to another party in Asia/Australia ) disclosed that it had been purchased by James Talton. It seems highly likely to me that Eastland had a role in James Talton buying control of that shell. I don't think it is just merely a coincidence that Talton owns a biotech business located in the same city where Eastland established his biotech advisory company.

Perhaps worth noting: TGRP's legacy share valuation at its current bid price is over $11M, and at its current ask price TGRP's legacy valuation is over $21M. Also perhaps worth noting: In the TGRP situation all of the Eastland associated shares were ultimately sold to the new control person. If a similar scenario (structure/price) occurred with this ADMG shell, that would be the equivalent of ADMG trading at a price over $2.5 per share.

James Talton's LinkedIn profile......

https://www.linkedin.com/in/james-talton-a091591/