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February 03, 2012

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Stocklemon Initiates Coverage on Advanced Technology Industries (OTCBB:AVDI)

Posted in Citron Reports by Stocklemon on the May 2nd, 2002

Advanced Technologies Industries (OTC: AVDI) Is Neither Advanced nor is it Technological.

Is it Nothing But a Good Ole’ “Lemon”.

The Numbers

Shares Outstanding – 46.27 million

Market Capitalization – $ 88 million

Years as a public company – 4

Revenues Since Inception- $ 0 (no that is not a misprint)

Accumulated Deficit- $14.6 million

Cash In Bank- $53k

Working Capital Deficiency- $4.3 million

http://www.freeedgar.com/search/ViewFilings.asp…

During the past two months, the stock price of Advanced Technologies has increased from $.30 to over $1.90…..but why? Stocklemon believes that this is nothing more than a classic pump and dump that we have seen just too many times. Stocklemon puts an immediate sell on this stock and believes it will trade back to its pre pump level of 25 cents.

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