| Applied files with SEC to sell stock Palm Beach Post 12/24/02 Original Link: http://www.gopbi.com/partners/pbpost/epaper/editions/today/business_e370eeb8145681f100aa.html PALM BEACH -- Applied Digital Solutions, Inc. (Nasdaq: ADSX, 45 cents) announced Monday that it has filed with the U.S. Securities and Exchange Commission to offer 50 million shares of its common stock. The Palm Beach-based maker of the VeriChip implantable microchip expects to use net proceeds received from the sale for payment of debt and general corporate purposes. Applied Digital reported losses from continuing operations of $49.9 million for the nine months ended Sept. 30, compared with $150.1 million in the same period in 2001. ------------------------------------- PRISONPLANET.com |
 |