"Advanced Communications Technologies has no
business operations. The Company was
previously engaged in the provision of a
software-defined radio (SDR) wireless
base-station technology known as SpectruCell.
For the 3 months ended 9/30/03, the Company
reported no revenues. Net loss fell 60% to
$270K. Results reflect the lack of business
operation, the absence of a $173K lawsuit
settlement and lower professional fees."Cash On Hand: 1,455
Total Liabilities: 6,040,942
Total Deficit: 31,988,021
"...A number of creditors have filed and
obtained judgments against the Company...."
"...deficiency of $6,004,391, raise
substantial doubt about its ability to
continue as a going concern."
I would expect the value of this stock to
fall to zero relatively soon.
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