Replies to post #3044 on Admiralty Holding (fka ADMH)

[creede]

re ADMH & LGAL (now UNDR) -

Just seems the logical thing to me. Here's my line of thinking.

#1. ADMH holds the patents.

#2. Imo they will win the NIR Lawsuit. That would remove 5MM in debt all at once, and therefore could make them virtually debt free.

#3. As long as the lawsuit is active, I don't believe there is any way in the world they will merge the companies, or dilute the shares.

#4. As long as they owe the transfer agent money, they can do nothing to the shares.

#5. From the LGAL PR's, we know that ADMH is set to recieve 10% for use of the technology. That could be a whole lot of cheese (income) for ADMH, with very little overhead (expenditures).

#6. Any good news out of LGAL is good news for ADMH. Biggest advantange for the ADMH investor, however is that they cannot dilute ADMH.

#7. ADMH is a triple zero sub, but looks to only have about 300MM outstanding. That number certainly works for me.

Now, the one caveat I have to mention is that for ADMH to ever really do well, LGAL has to announce something good. If they do not then I think it unlikely that it will ever get out of the subs.

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