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?
Posted by Purl Gurl on :
"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.