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Author Topic: cj, purl
asmurray
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what is your take on advc? Is it a good thing now? Seems like they are trying to get rid of debt and I was looking at insider transaction also. It think it could go to 0.002?
Posts: 8 | From: Charleston, SC USA | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Purl Gurl
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"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.


Purl Gurl


Posts: 7504 | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
   

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