American Scientific Resources (ASFX)

[doggone]

EDIT:
Gleaning the S-1 for hints of #4 but difficult to determine who is.
Will keep looking. I thought this was interesting though
Might this be a clue as to why the S-1 was really filed?
Dog, on DD patrol

'Effective December 31, 2009, the Company entered into an agreement whereby Lender 2 released the Company from all principal and interest obligations under the note in exchange for the Company’s commitment to file a registration statement with the SEC and to compensate Lender 2 should Lender 2 be unable to sell up to 88,000,000 million of its shares above an average price of $0.01 per share over an eleven week period after the registration statement becomes effective.'

'On January 21, 2010, the Company filed a registration statement with the SEC. The Company will continue to accrue penalty warrants until the registration statement becomes effective. During the three months ended March 31, 2010, interest expense accrued related to these convertible promissory notes was $22,563. At March 31, 2010, total accrued interest expense amounted to $243,414.'