ADOT.OB-Is it dead in the water??

firekid0669 said: "This is my first post on this forum and I want to poll everyone to see what their opinion of Advanced Optics Electronics (ADOT) is. I remember seeing a few posts on here a long time ago and several thought it was a good buy a while ago. Has this stock lost it's luster? All of their releases seem to say that they will be marketing their large flat-panel displays during the third/fourth quarter of 2005 as well as their Color-Chek device that helps decipher color into sound. They also have a large holding in Genomed(GMED) which may prove to be very profitable if we have a large West Nile Virus outbreak. I am not terribly experienced with Penny stocks and have no interest in day-trading but would like to know if anyone thinks this stock has any long term potential? It is currently trading at approx .0007 but fluxuates to as low as .0005. Any help would be appreciated."

HappyHarry said: "I really wouldn't hold out much for this company. Here's a few key points from their recent financial statements: [quote] LIQUIDITY AND CAPITAL RESOURCES Since inception, we have funded our operations primarily through the private placement of equity securities and the issuance of convertible debentures. As of March 31, 2005, we have raised such net proceeds of approximately $21,662,000. The cash balance at the end of the quarter of $350,667 represents an estimated three months of future cash operating expenses. [/quote]"

firekid0669 said: "Thanks for the reply. I also read what you pointed out about the limited amount of available cash but I read further to see that they had a significant holding in Genomed(GMED.PK) that could provide additional liquidity. Does that holding factor into the amount of future funding that ADOT has? Also, Genomed seems to be on a roll being awared patents for their new drugs and looks to be on the up and up, any thoughts on them?"

Heather said: "Do you think they have a good chance of succeeding with their products?"