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Nothing adds up on this stock...
1) Financials say a 1:2500 RS
2) Posters are saying they had 100k share and ended up with 100 which equals 1:1000 RS
3) AS is still 20B
4) Company bought a Lithium/Cobalt mine this year....with no $$$$
5) Company bought Kaking for $1.5M cash but company is broke!
6) Company is now into Bitcoin
7) I get kaking/bitcoin but everything else is way off!!!
JMO
Trade ARSC at your own risk. Many issues here in which the risk certainly does not outweigh the reward. All one must do is read the latest quarterly from this stinky pinky, https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=177749.
RISK FACTORS
No Active Market. Although the Company’s shares are listed on the Pink Sheets listing service, the Company believes that the public trading price may be an inaccurate representation of the value of the Company because there is little or no trading volume in the Company’s shares and no analysts or NASD market makers actively follow the Company.
You could be diluted from the Issuance of additional Common and Preferred Stock. American Security Resources Corp. is authorized to issue up to 3,000,000,000 shares of common stock and 2,000,000 shares of preferred stock. To the extent of such authorization, our board of directors will have the ability, without seeking shareholder approval, to issue additional shares of common stock in the future for such consideration as the board may consider sufficient. The issuance of additional common stock in the future may reduce your proportionate ownership and voting power.
Volatility of Stock Prices. In the event that there is an established public market for the Company’s Common Stock, market prices will be influenced by many factors and will be more subject to significant fluctuations in response to variations in operating results of the Company and other factors such as investor perceptions of the Company, supply and demand, interest rates, general economic conditions and those specific to the industry, developments with regard to the Company’s activities, future financial condition and management.
Applicability of Low Priced Stock Risk Disclosure Requirements. The Common Stock of the Company may be considered a low priced security under rules promulgated under the Securities Exchange Act of 1934. Under these rules, broker-dealers participating in transactions in low priced securities must first deliver a risk disclosure document which describes the risks associated with such stocks, the broker-dealer’s duties, the customer’s rights and remedies, certain market and other information, and make a suitability determination approving the customer for low priced stock transactions based on the customer’s financial situation, investment experience and objectives. Broker-dealers must also disclose these restrictions in writing to the customer, obtain specific written consent of the customer, and provide monthly account statements to the customer. With all these restrictions, the likely effect of designation as a low priced stock will be to decrease the willingness of broker-dealers to make a market for the stock, to decrease the liquidity of the stock and to increase the transaction cost of sales and purchases of such stock compared to other securities.
I was in the same boat! over a hundred thousand shares. Ended up with 100. I am worried its getting pumped up and then it will RS again and decrease shares again. Ive just kept the 100 shares because I already considered this just lost money and on top of it I was charged 20.00 for the restructure from E TRADE. :(
I have no idea if this is a real company and what the share price will do all I know is that the ceo Frank Neukomm is a crook and frauster that took us all to the cleaners when he ran the hydrogen outfit before the name change. Had 100,000 shares and ended up with 100.
This may be different but once a crook always a crook, be careful.
I saw this stock increased price very fast like no other stock! Is this a real company? Do you think the price would increase like the past month again?
No question about it, Frankie is going to take everybody to the cleaners like he did with his failed hydrogen venture. I know!!
He is a crook and con artist , stay away from him and whatever he is involved in.
30mil sh issued last 6 weeks. Probably more.
they also need $1.5 mil cash by end of October to pay for Kaching
20 Bil A/S 117 Mil A/S as of June 30. probably lot more now. 4 different classes of preferred. Frank and Farr pulling huge salaries from company with $0 rev.
I wonder when they will file those SEC papers?
Thanks for the info...
they mentioned new SEC filings. maybe they will reveal the number of shares?
Not sure - there are currently 147M shares outstanding- though float is less (probably less than 5M based on how thin it trades) - only numbers on float I could find go back to May, so it is hard to say ...
Does anyone recall what the OS was before the RS last year?
Not sure whats up. I got in at 0.20 and out at 0.50... My instinct says it will drop soon, but who knows. Crazy action here last few days.
Im not in yet. Why this stock was so quiet today? Do you think this will go down?
Company website link as written on the pr WEBSITE LINK
Which is the webiste of this company?
Thanks
How many employees does this company have? I saw 0 employees in the financial information..
Thanks
I mean .70 and .85 not $70 and $80 lol!
Bitcoin coupled with uber low float = possible runner tomorrow
$ARSC
Sounds good to me.. Thanks WiseYoda..
Haha! Whats up amigo! This ticker has thrown me for a loop as I was going to take position at .10 when name change to Bitcoin was announced, but all data was saying no, and to my surprise this thing kept on climbing gapping up to $2.20 and even $3.00, but gapped right back down, and trading between $70 and $85 with extremely small float. I took a position at .85 but If your thinking of trading be extra cautious in your strategy! If it continues at the current pace nice gains can be bagged here!
PPS should be higher with this much volume on such a tiny float. It briefly gapped up to $2 and $3 but gapped right back down to 70's. Not sure what MM's are doing!
1/3 of float traded $ARSC already today! 648,770 float
Looks like loading to me watching all day too
Looks like dilution and or note selling to me. Been watching all day and the retail offers aren't budging and keep coming lower. Some sneaky tactics are being played here by someone.
ALL IMO.
Will do, thanks!
ITS TIME TO CLIMB $ARSC!!
Take a look at G*B*T*C it shows what irrational exuberance can do with bitcoin RN
Especially such a low float
Let it go for a bit and get the attention of momo players
Bitcoin is explosive
I agree! I may join you in flipping this POS, but in at .85 right now. If this keeps climbing I will not complain but don't ask me how. I guess company's with low floats and a name change reflecting BITCOIN is all you need to do, ha! In this instant I do hope Im wrong and this one climbs higher now!
CRAZIEST STOCK EVER. FLIPPED IT 4 X . BID AND ASK ALWAYS SO FAR APART, AND YET THIS STOCK MANAGES TO GO UP. NO IDEA HOW
Almost took position here at .10 but couldn't due to what the data showed. Im in at .85 now, but not confident holding here at all!
1/6 of float in volume first 1.5 hours.
In a 320,000,000 share stock it hit .15 yesterday.
That equates to $75 PPS $ARSC
It's all ratios
Float 648,770 and $ARSC is getting picked up by institutional investors!
VanEck files for Bitcoin ETF $GBTC $COIN $BTCS $GAHC $ARSC https://t.co/ejl66XlDSz
— BrownBurry (@KLRTRDR) August 14, 2017
Does anyone know why this just hit 3$ (with some large amount of shares)? And the went back down.
To understand what is happening with this ticker à person has to do their homework on bitcoin, precious metals, fiât currencies and the global market.
What they are doing makes perfect sense long term.
I don't understand why anyone would want to pay with this new app. Why not just use debit/credit? They want you to buy coins and then pay for services. Takes 2 steps instead of one. It's not clear what these coins are. Why spend time and effort perform all these tasks instead of using any of the already available payment options? They claim to save payment fees, but ppl aren't typically charged fees for using debit cards when making payments. Maybe I am missing the whole picture if bitcoin is incorporated into it. Again, I don't know. Anyone? Seems many apps claim to help with a service or time, but it's just more noise.
Bitcoin does have the Midas touch.
I'm still holding a good stack of free Zentric on hopes Bitcoin was going to invite them to the prom.
NOT!
Guess I loaded the wrong one. LOL
Kudos for all that got a heads up in this one.
I had 13 million shares in 2008 . Reverse Splits have left me with 100. Shares
I live in Houston. Has anyone visited this office?
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AMERICAN SECURITY RESOURCES CORPORATION (the "Company" or ARSC) is a holding company with three wholly owned subsidiaries. Hydra Fuel Cell Corporation has completed several development stages of the HydraStax® unit and testing for certification is currently underway. We have two additional subsidiaries. We formed American Security Capital Corporation that is to provide financing options for the sales of products created by Hydra Fuel Cell and American Hydrogen Corporation. American Hydrogen Corporation is developing technologies to formulate hydrogen that we hope will change the economics of producing hydrogen sufficiently to enable the hydrogen economy.
Name | | Positions Held | | Date of Election or Designation |
| | | | |
Robert C. Farr | | President/COO | | 11/23/05 |
| | Director | | 10/27/04 |
| | | | |
Frank Neukomm | | Director | | 02/25/04 |
| | Secretary | | 11/08/04 |
| | Chairman/CEO | | 11/21/05 |
| | | | |
Robert J. Wilson | | Director | | 07/21/05 |
| | | | |
Marlin Williford | | CFO (1) | | 07/05/07 |
| | | | |
Sam Lindsey | | CFO (1) | | 11/1/08 |
John A. Wilkinson | | CFO (1) | | 04/08/09 |
John A. Wilkinson | | CFO (1) | | 04/1/09 |
Alvie T. Merrill | | Director | | 10/11/06 |
| | | | |
James R. Twedt | | Director | | 10/11/06 |
| | | | |
R. Brian Klock | | Director | | 01/10/09 |
(1) | Mr. Williford performed the Chief Financial Officer duties for the Company on a contract basis until he was replaced by Mr. Lindsey. Mr. Lindsey was replaced by John A. Wilkinson CPA in April 2009 |
Hydra Fuel Cell Corporation is committed to developing clean, quiet, alternative energy solutions to conserve the earth's natural resources, minimize pollution, and protect our wildlife.
PRODUCTS & SPECIFICATIONS:
Distributors: Green City Solutions, Conexa Services, Pathfinder's & Associates, Inc.
To learn more about Hydra Fuel Corporation's products, please contact us via email at: solutions@hydrafuelcell.com or info@homepowerfuelcell.com
____________________________________________________________________________________
Website: www.americanhydrogencorporation.com/
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