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Re: ur1951rck post# 2433

Wednesday, 03/16/2016 3:56:35 PM

Wednesday, March 16, 2016 3:56:35 PM

Post# of 3052
Not exactly.
ASTC had $20 million in cash at year end.
They got $6 million in hold back.
The 4th quarter bled $2.5 million in cash, so they likely have around $25 million now.
They have been losing about $2.5 million/quarter.
They have about $1.20 in cash now.
They announced an order with no details.

I'd say they'll be lucky to be worth $1.50/share, and I suspect you'll see it head there this year.

“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people"
H.L. Mencken

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