American Security Resources Corp. (ARSC)

[DFLY]

I'm holdin this ticket still and still think it can provide a very nice % gain from here if they make more shareholder/stock friendly moves like the debt to preferred move instead of more floorless converts like the past. Considering AS lowered from 20b to 3b after last RS and back to the depths on not much selling or toxicity overall since, as per vol etc, id say this has a shot. From a 0001/2 perspective comparing to others that have ran from here id say it has a nice chance if the management can try to do right this time around as they claim via recent prs. I'm waiting for the filings thats key now and not cool they haven't filed yet. But when/if they do it may be the tell. The debt being converted into preferred instead of common was a good step though as well as lowering AS. Lets see if they continue down the path of trying to make right or not from these levs. At the end of the day ANY trip 0 or sub penny play is a gamble though as we know and I'm fine with mine here. Why they call these lottos afterall lol.