Astrotech Corp. (ASTC)

[Toxic Avenger]

Not treasuries, some bonds, some CDs. They are not necessarily liquid.
And again, until we know the cash burned last Q, $30m is high.

Even at $30 million however, it's only $1.50/share in cash and as we've seen before ASTC can trade below its cash value due to its constant losses and relentless cash burn. 9 months prior, stockholder equity was $47 million. 12/31 it was $67 million. That's $11 million, 25%, gone in 9 months!

Bottom line, I don't consider ASTC a pump and dump, and certainly not affected by what I or anyone else believe. It's just a poorly run company that for whatever reason, is highly prone to big run ups on good news, then steady declines on reality. It's a great stock to flip, but it's not a buy and hold.

The Smith announcement did nothing but validate my belief and the subsequent stock price more of the same.