American Scientific Resources (ASFX)

[doggone]

I don't know how or what they could have negotiated with. ASFX has been in default on virtually all of their notes since 07.
The last post referred to Lender 2, Golls associates (related to one of the directors i think, Resnick perhaps). i remember getting an email from someone a year or so ago suggesting i look into this, didn't know how i could. Seems they knew what they were talking about! It is strage that ASFX canceled the investor conference call back in dec. due to lack of participation and never rescheduled that i can remember.

lender 1 (Lanktree); 500K
'Despite the settlement expense, agreement among the parties with regard to amounts due, and the modifications, Lender 1 has not specifically agreed to a waiver of the technical default provisions with regard to Note 1'

still owe technimed nearly 300k for thermos they couldn't sell. (I believe they stated they were going to offer those at a discount in Africa)

not all but gives you an idea. Dog