American Scientific Resources (ASFX): Dr Wilson, from how I see it…...

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stervc

Re: Twilson post# 110

Sunday, 04/20/2008 8:51:24 AM

Sunday, April 20, 2008 8:51:24 AM

Dr Wilson, from how I see it…

I’m not quite sure, but from looking at it, they have not been trading very long. Maybe for about a year or so. It looks like their 52wk high was .55 per share. Go to the NASDAQ link below and click on the NASDAQ chart to have pop-up, the 1 yr Volume history for ASFX:
http://quotes.nasdaq.com/quote.dll?page=charting&mode=basics&symbol=ASFX&selected=ASFX

From going back to analyze their volume history for the past year, it looks like some shares were sold by the company to the tune of about 3 or 4 million shares which greatly contributed to brining down the price of ASFX. That is not a lot at all in my opinion as the company selling just created an awesome buying opportunity in my opinion. I say this because back when their OS was about 25 million shares from what was earlier reported, the Float was probably only 1 or 2 million shares too. For the past year as of their last trading day this past Friday, their total volume was 6,579,539 shares traded.

With their product just getting put into the market at such time, they probably had not generated any substantial amount of Revenues. Heck, they had to have some way to pay for the lights being on. I’m guessing the company sold about 3 or 4 million shares of the 6,579,539 shares traded for the year as some of that was probably a little buying mixed in there too. That is not a lot of shares traded as the current Float is 5,810,479 shares as of Mar 20, 2008 per pinksheets.com. Not very many shares traded since 20 Mar so I’m sure there hasn’t been a significant increase to the Float if any at all.

I’m guessing they increased the amount of Restricted Shares to what was last reported from the Transfer Agent to pay for salaries or obtaining/maintaining key personnel as listed below on their Board of Directors in place of not having cash to use. As you can see, they have a very nice and credible TEAM:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28630564

I am guessing that the volume is picking up because of someone behind the scenes might know a little about the company and something “possibly” good like an increase in Revenues or something. So far, about 95.06% of the OS is restricted. I doubt if anyone of those Insiders is looking sell any of their positions at these levels.

Remember, they have a few patented and FDA approved products which that alone accounts for some substantial value in my opinion. I’m sure there must be a market for these patented and FDA approved products since they were placed into over 6,000 Walgreens in the store. I would like to think that somebody is buying at least some of their products somewhere.

If 3 or 4 million selling of shares is what brought ASFX down to these levels from .55 per share, I’m guessing that it won’t take much to get ASFX back up to those levels or at least somewhere close. If I had to guess, I’m thinking that ASFX will probably want to get the price somewhere at least close to that area before announcing any kind of amount of Revenues made. We know they had to have generated something. Any increase in volume could be a subliminal hint in my opinion as it usually is.

v/r
Sterling

Sterling's Trading & Investing Strategies:
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