Net-Man -
In response to: "I see that as more along the lines of no one wanting to sell. Fortunately the larger block owners are working behind the scenes uncovering publicly available information and having direct conversations with the company, which is solidifying their conviction in FASC."
I see a half-truth in your statement:
The "no one wanting to sell" is likely a mixed bag. It is true, but the reason also includes that to sell would take such a huge percentage discount from current ask price, that holders are trapped in a stock they cannot sell other than at a a huge loss. This does not negate the last part of your statement.
My thought remains something like this:
1. If we do get sufficient business to get us reporting again, there will be a huge initial sale of stock of those wanting to unload stock they simply want to get their money back on, or at least part of it.
2. Once this clears things up, there will be an interesting market in the stock. For, a few (especially larger holders) will want to hold a good percentage of this stock as a longer term hold. I know my advice remains to hold most of the shares for the long term--several years. I still believe, if we make it, FASC remains a long term hold for the wisest of investors. All of this leads me to believe we cold possibly have a very inelastic demand/supply situation--very favorable to the current holders of the stock.
3. The above comments--also keep in context my previous post in response to TR--we have a very high risk stock that may or may not make it.
Just my opinion - Dave
AI
