I sent an email to get some answers from the CEO Keith Dressel, I will update the response when I get one. As I know a lot of people are interested in my questions.
I have several questions to ask of you about recent share structure changes. If you could answer theses questions and get back to me asap that would be great, as myself and several other investors I introduced to ADNL have some concerns and questions that need to be answered. By the way I am very interested in your company and its progress. Keep up the good work.
Questions:
#1. There has been a lot of share structure changes lately. I've looked at the Quarterly Report that covers 1/1/06-3/31/06 and noticed that the o/s has increased only 6,820,000 shares from 95,941,311 to 102,761,311 shares. However the Tradeable Float is now up to 68,753,734 shares It was posted that as of 5/26/06 the Tradeable float was 13,700,000 shares, With the float being 68,753,734 shares currently I have 2 questions. A. Is this going to continue to increase near term due to financing, raising capital, or consulting fees? and B. What was the reason for the increase in the tradeable float (was it the 35,278,155 shares valued at $321,554.00 for consulting services) did those shares become tradeable? And if you don't mind me asking, what did they do for their services as I looked at the stock price and volume from January-March 31st, it did nothing but drop from .15 down to subpenny, and there never was a run up, I hope they did something valuable for that kind of money, because for that kind of money, I'd expect the consultants to get your stock up over .50
#2 I've noticed the MM CLYP on the ask the past 2 days selling stock, is he financing for the company, or is he still selling shares for the old consulting group your hired for services from 1/31/06-3/31/06? The previous day when a large amount of stock was dumped the market maker LGTD did the selling, I have noticed he hasn't been on the ask the past 2 days. Was that the consulting group selling up their shares for their services, and if so why did they so harshly just kill the stock after it was walked up to .025 Just doesn't add up selling so harshly when the stock was breaking out on good news as it was gaining exposure.
#3 I noticed your June 1st Pr stating your working on becoming fully reporting, how is that going so far? And what exchange are you applying for? OTC:BB AMEX?
#4. Are we going to get any revenue numbers or expectations for the upcoming quarters?
#5. Do you anticipate doing a Reverse Split anytime in the near future?
I know that you are real busy, but it is very important for these questions to be answered for my behalf and on the behalf of other traders I know are invested in ADNL. We'd like to hold and watch this company grow, but if the stock is going to be continued to be dumped (noticed increase in Authorized Shares up to 450 million shares) then its going to be tough for the shareholders already in to hold and watch their stock value plummet, and it will scare off any possible new investors. I know a lot of people who were impressed when I showed them the company website, and a lot of them are afraid to buy because of mm CLYP sitting the ask because he is known as a dillutor on the pink sheet stocks.
Thanks for your time and effort
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