InvestorsHub Logo
icon url

laughingotter0

05/17/07 10:14 AM

#5820 RE: creppie #5819

ADBN is a shell with no revenues in 2006, $1K in the bank and about $2 million in debt (some convertible), 1.6 billion in shares outstanding - accountant has raised going-concern issues in last audit. Even at .0003, the company is valued at over $400K and that seems like a stretch with the current outlook. No indication of anything specific on the horizon to change this pig's ear into a silk purse. I would avoid this unless some technical analysis tells you something magical. All my opinion.