Asyst Technologies, Inc. (fka ASYTQ)

[trader53]

Two Negative Technical Alerts (Very Bearish) !!


Alerts Stochastic Overbought Reversal





Alerts Intermediate Term Bearish Breakout

[Sharktnk]

Do you have any information from your friend or company that was not paid by Asyst? I think you said you were aware of some of the lawsuits or companies that were not paid? What was the claim? Do you have contact with them and what or how did they settle issue?

I am not aware of any claims or lawsuits whatsoever, not sure where you got that. My familiarity is only that of one of the VC's originally involved and their track record wouldn't speak of creating or "R\M" one of their companies into a stinky pinky adventure.

I do not believe edurk has misinformed any one and has told everyone to do their own DD? There seems to be some information that otc pinks could be and could not be traded-actually have not confirmed? Could he be speaking about the MM's? Just wondering?

I strongly disagree. Their is a constant effort to mislead and misinform, read through the post's - The silly myth of MM 'signals', the so called technical anaylisis of this long dormant and barely traded stock ... There is no volume to support any of it and more importantly, no money 'flowing' in or out of the stock contrary to what is being peddled here. The constant repeating of dated information (minus the dates of course), the ever 'approaching' just about to happen touting ... There are numerous examples.

Regarding Pinks\OTC entities trading Pre-Market and After-Hours, certainly there is some confusion on this and how these exchanges work. Nevertheless it is beyond rare and I don't know of any broker that even allows it; For example, E*trade allows extended hours orders only for stocks traded on the NYSE or Nasdaq market.

Again it's a moot point, the bottom line here is that this is beyond a long shot, cherry picking bits and pieces and attempting to paint it as something that is about to happen is quite pathetic, that's my beef with the whole effort. Tell the truth about it.

[trader53]

ASYTQ / The ShengdaTech Effect


Bankruptcy Filing Tests Deal Structure, Legal Authority
September 08, 2011 3:00 AM PST


ShengdaTech Inc.'s Chapter 11 filing last month will be the first test of bankruptcy law for investors and debt holders of a Chinese reverse merger company since the market for such deals began unraveling last summer.




http://reversemerger.dealflow.com/article/article.cfm?title=ShengdaTech-Effect&sk=zttbzvpywnjdzad

[stevebrooks]

Sharktnk,

Do you have any information from your friend or company that was not paid by Asyst? I think you said you were aware of some of the lawsuits or companies that were not paid? What was the claim? Do you have contact with them and what or how did they settle issue?

I think we are all aware that this stock may or may not go anywhere just curious as to the actions and informaition proposed. I do not believe edurk has misinformed any one and has told everyone to do their own DD? There seems to be some information that otc pinks could be and could not be traded-actually have not confirmed? Could he be speaking about the MM's? Just wondering?

Do you have any information or DD? Just wondering as I truly will listen to both sides! Thanks for any or all imput.

Good luck with whatever you decide to do?

[trader53]

ASYTQ Chart >

[Sharktnk]

If it hits 0.015c in after-hours, something could be up.

As you are well aware there are no "after-hours" trading in OTC\Pink markets. Really going for the lowest denominator here aren't we?

[trader53]

Eyes on 0.014c "Key Resistance" level >


Stock is under the radar, with so little volume.

If it hits 0.015c in after-hours, something could be up.

[Multi-Pennys]

yup still no response

[Sharktnk]

Decide for yourself ! Does this Money Flow line look like money is going into ASYTQ, or leaving it?


Money Flow is clearly moving into the stock !

Detailed Quote - Past 5 Weeks

Date Open High Low Last Change % Change Volume
09/05/2011 0.0070 0.0080 0.0048 0.0049 +0.0002 +4.26% 48,600
08/29/2011 0.0060 0.0060 0.0047 0.0047 -0.0032 -40.51% 7,933
08/22/2011 0.0089 0.0090 0.0046 0.0079 +0.0033 +71.74% 225,000
08/15/2011 0.0070 0.0100 0.0046 0.0046 -0.0024 -34.29% 47,720
08/08/2011 0.0060 0.0100 0.0039 0.0070 +0.0010 +16.67% 125,420


Just for the exercise, computed at the high of each week.

09/05/2011 = $388.00
08/29/2011 = $47.60
08/22/2011 = $2,025.00
08/15/2011 = $477.20
08/08/2011 = $1,254.20

Total high = $4,192.00

At the low ...

09/05/2011 = $233.28
08/29/2011 = $37.29
08/22/2011 = $1,035.00
08/15/2011 = $219.51
08/08/2011 = $489.14

Total low = $2,014.22

Which put's this somewhere in an average of about $3,000 total for the past five weeks excluding the current week.

Money flow is clearly elsewhere, 'decide for yourself'.

http://barchart.com/detailedquote/stocks/ASYTQ?mode=W

[Sharktnk]

You'll be lucky to get a dollar for all of them when this finally winds down. Which is the more likely next event on the horizon.

Asyst Liquidation Trust
Trustee Report

April 1, 2011 – June 30, 2011
Liquidation Trust Agreement Required Reporting (Article 3.4, section (p))

(i) The receipt and disposition by the Liquidation Trustee of property of the Estate or the Debtor
during the prior quarter, including the disposition of funds in the Liquidation Trust, the Wind-
Down Reserve and Distribution Fund.

Docket - 661
Docket Date - 7/12/2011
Docket Text - Operating Report for Filing Period April 1, 2011 through June 30, 2011 Filed by Trustee Other Prof Scouler & Company, LLC, as Liquidating Trustee (Danker, Ashleigh)

Debtor: Asyst Technologies, Inc.
http://chapter11.epiqsystems.com/ATI/docket/Default.aspx?rc=1

[Sharktnk]

November 16, 2006

[trader53]

How Common Is a Reverse Merger?

Actually, reverse mergers have become quite common and they no longer carry the stigma that they once did. Not too many years ago, a company that went public through a reverse merger was regarded as being somewhat "tainted." Some investors would keep away from buying the stock of a company that became public through a reverse merger.

One of the reasons for this is that the stock of the newly merged, public company was commonly traded for less than US$1. Therefore, it garnered the reputation as just another penny stock.

Today, however, some very reputable operating companies have become public in this fashion and their stock is traded in a quite respectable range -- certainly well over $1. Therefore, I think that we will see more of this type of transaction and the resulting entity.


What to Be Cautious About
I always tell our clients who are considering a reverse merger that their main concern should be that the shell they intend to use to create a publicly traded vehicle for their operating company is "clean."

There should be a thorough investigation about any contingent liabilities and left over regulatory issues that the shell might have. The only way to do this is by a thorough due diligence process of the prospective shell corporation.

This process should focus on the existence of hidden liabilities that the shell may have. It should also look at contingent liabilities, such as possible lawsuits or unsettled claims.

[trader53]

ASYTQ > R/M




An example, (very similar to that of ASYTQ/Crossing Automation), of a company that filed Chapter 11 Bankruptcy, and was seeking a R/M candidate.


http://www2.timesdispatch.com/business/2011/mar/16/commonwealth-biotechnologies-ousts-board-chairman-ar-907891/

After reporting millions of dollars in annual net losses since 2006, the company announced plans last year to sell its assets, pay off its debts and seek a merger partner.

It filed for Chapter 11 bankruptcy protection in January to protect itself from creditors and to halt a foreclosure auction of its building.

The company's plan is to sell its assets and make itself a shell company. It would then seek to complete a "reverse merger" by finding a privately owned company seeking to become public by acquiring a shell business with stock that is already publicly traded.

[trader53]

ASYTQ > reverse mergers are regaining their popularity.


http://www.shellstockreview.com/forum/topic.html?id=267


By Theodore F. di Stefano
E-Commerce Times


Going public is not for everyone. There are regulatory filings that must be made. There is scrutiny of your company in the public domain. There are also some very rewarding upsides. Mainly, your company will most likely be worth a great deal more if its stock is publicly traded.

About three years ago, it seemed as though reverse mergers were falling out of favor with the SEC. The agency sanctioned some of the companies that were created by this process and some were actually suspended from trading.

Now it seems that reverse mergers are once again regaining their popularity. The SEC seems to have learned to live with this somewhat novel way of going public by the "back door."

What Is a Reverse Merger?
A reverse merger usually occurs when an operating company is "acquired" by a publicly traded company that has no operations and no income -- a shell. The shareholders of the operating company end up with a majority ownership in the shell.

This occurs because, as part of the merger transaction, the shell corporation issues a large amount of shares to the shareholders of the operating company, thus leaving the shell stockholders with a minority position (not infrequently about 10 percent).

A typical reverse merger transaction occurs when a profitable company -- the operating company -- wants to go public but doesn't want to spend the time and money for a full-blown, underwritten IPO (initial public offering). To achieve the goal of having its stock publicly traded, the operating company agrees to be "acquired" by a shell company that is publicly traded.

The shell company is usually a company that was once quite active as an operating company but encountered some difficulties, such as bankruptcy, lack of sales , or its products become obsolete.

What it has going for it is a stockholder base, a trading symbol, and the fact that it already has gone through the hoops of a public offering.

Therefore, when an active operating company wants the quick route to being publicly traded, it is not uncommon for it to "be acquired" by a shell corporation, but then emerge as the dominant shareholder of the shell corporation after the acquisition.

How Common Is a Reverse Merger?
Actually, reverse mergers have become quite common and they no longer carry the stigma that they once did. Not too many years ago, a company that went public through a reverse merger was regarded as being somewhat "tainted." Some investors would keep away from buying the stock of a company that became public through a reverse merger.

One of the reasons for this is that the stock of the newly merged, public company was commonly traded for less than US$1. Therefore, it garnered the reputation as just another penny stock.

Today, however, some very reputable operating companies have become public in this fashion and their stock is traded in a quite respectable range -- certainly well over $1. Therefore, I think that we will see more of this type of transaction and the resulting entity.


What to Be Cautious About
I always tell our clients who are considering a reverse merger that their main concern should be that the shell they intend to use to create a publicly traded vehicle for their operating company is "clean."

There should be a thorough investigation about any contingent liabilities and left over regulatory issues that the shell might have. The only way to do this is by a thorough due diligence process of the prospective shell corporation.

This process should focus on the existence of hidden liabilities that the shell may have. It should also look at contingent liabilities, such as possible lawsuits or unsettled claims.

Another focus should be whether or not any actual or contingent regulatory problems exist. For example, are there any outstanding actions by the SEC or other regulatory agency against the shell corporation?

These concerns can best be handled by a competent CPA firm and a competent law firm.

What to Expect
Going public is not for everyone. There are regulatory filings that must be made. There is scrutiny of your company in the public domain.

There are also some very rewarding upsides. Mainly, your company will most likely be worth a great deal more if its stock is publicly traded. Also, your ownership interest will now be liquid in that, given certain regulatory restrictions, you can much more readily sell some or all of your ownership interest -- thus giving you, your family, and your estate far more liquidity than you would otherwise have as a privately held corporation.

For a more detailed description of this process, please see my articles "Is Your Company IPO Material," and "Is Going Public the Right Move for Your Company?"

Becoming Popular Again
The recent reverse merger that our firm was involved in made me aware that this type of transaction no longer has the stigma that it once had. Regulators, though expecting a company to meet all of its requirements, no longer look askance at this method of going public.

So, if you are considering such an option, realize that it has become quite common and might just be the quickest way to bring your company public.

[trader53]

No response. > That's what I like. >

Any company, that has a major deal in the works, where the pps of its stock could make a huge move, is going to keep information a secret.

>(Loose lips sink ships)<

I have tried repeatedly to get a response, along with many others who have been following ASYTQ.

This is a very good sign !!

[Multi-Pennys]

Thats interesting. I've tried contacting Crossing Automation's ceo to ask about ASYTQ but so far no response. Ill post as soon as i get a response, if any.

[trader53]

Decide for yourself ! Does this Money Flow line look like money is going into ASYTQ, or leaving it?


Money Flow is clearly moving into the stock !


http://barchart.com/chart.php?sym=ASYTQ&style=technical&p=WO&d=H&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=MFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSTOSL%2814%2C3%2C16711680%2C153%29%3BHLMA%2810%2C8%2C16711680%2C255%29%3BWILLR%2814%2C40%2C13056%2C10079487%2C16737894%29&chartindicator_5_code=MFI&chartindicator_5_param_0=14&chartindicator_5_param_1=255&chartindicator_5_param_2=100&chartindicator_5_param_3=39168&chartindicator_5_param_4=16711680&chartindicator_6_code=STOSL&chartindicator_6_param_0=14&chartindicator_6_param_1=3&chartindicator_6_param_2=16711680&chartindicator_6_param_3=153&chartindicator_7_code=HLMA&chartindicator_7_param_0=10&chartindicator_7_param_1=8&chartindicator_7_param_2=16711680&chartindicator_7_param_3=255&chartindicator_8_code=WILLR&chartindicator_8_param_0=14&chartindicator_8_param_1=40&chartindicator_8_param_2=13056&chartindicator_8_param_3=10079487&chartindicator_8_param_4=16737894&addindicator=&submitted=1&fpage=&txtDate=&x=47&y=13

[trader53]

I'll sell my shares... for $1.00 each. Do you want them?

[GaryS]

i show 43,900 on ask...31400,7500,5000

[Sharktnk]

You'll want to be in the stock before then.

So you can dump your shares?

[Sharktnk]

so I'm thinking that some kind of NEWS is due any day.

Of which year? How long has it been now with these nefarious and leading insinuations?

[trader53]

Bid/Size 0.0055 / 50,000 > Ask/Size 0.01 / 31,400

[trader53]

Keep a close eye on this link >

This is the Judges calender.

http://www.canb.uscourts.gov/judges/lafferty/calendar

The next court date should be around October 22nd.

Notice what happened last year.

http://dm.epiq11.com/ATI/docket/Default.aspx?rc=1

You'll want to be in the stock before then.

[GaryS]

if .01 gets hit and falls (only 44k there) it may get more attention

[m0n]

Are there any upcoming court dates? Do you or anyone on this board have PACER to see if and when DOCs have been filed??

[Kashkat]

And somebody just added a few themselves. Alright! $ASYTQ

[Kashkat]

This can get fun really quick. Glad I took a position. Just added a few more today.

$ASYTQ

[trader53]

ASYTQ, Ask 0.008c, has a Cash Per Share Value of 0.36c >

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66982503

[trader53]

As soon as ASYTQ goes to above 0.014c, which means 0.015c minimum, I'm looking for a PR, because 0.014c is Key Resistance, and a PR could get released under everyones radar, if it's not a big PR.

ASYTQ is all set-up technically for a move-up, so I'm thinking that some kind of NEWS is due any day.

If the stock closes at 0.015c, my guess is that major news is going to be out after-hours, or, the next trading day.

[trader53]

That's correct.

[Multi-Pennys]

So the company is basically a shell?

[trader53]

Purchase-Agreements >



http://www.businesswire.com/news/home/20090731005160/en/Asyst-Enters-Multiple-Asset-Purchase-Agreements-Company

[trader53]

It is my understanding, that it is not uncommon for a company who buys another companies assets, to use the company logo, phone number, web-site address, building, etc.

This may be the case here.

However, it may also be the case, that this web-site address is being used, not only because many of Asyst Technologies customers are being serviced by Crossing Automation, but, because a R/M is in the plan.

You will notice that the other two companies who bought assets from ASYTQ, do not use the logo, web-site address, phone number, building, IP, etc.
http://www.fabtech.org/news/_a/financial_details_disclosed_of_asyst_technologies_asset_sale/

Crossing Automation had acquired Asyst’s Fab Automation assets, while The PEER Group had acquired Asyst’s Connectivity Software assets. The major acquisition was made by Murata Machinery Ltd, which had acquired Asyst’s AMHS-related U.S. assets, including the U.S. AMHS field service and installation business.

However, financial details were disclosed at Asyst’s Chapter 11 information website. Murata paid US$115 million for the AMHS assets and a further US$5 million for the AMHS operations in the U.S.

The Peer Group acquired the ‘Software Connectivity Group’ for US$2 million and Crossing Automation purchased the robotics division for US$6.5 million.

[Kashkat]

Why does www.asyst.com automatically go to the crossing automation web site? Does that mean anything to anyone as far as a possible upcoming R/M goes?

[Sharktnk]

I'll give you that, I keep an eye on it and have some familarity with one of the participants that was involved in these companies. The likelyhood however is very small in my opinion.

[Multi-Pennys]

Well its interesting none the less

[Sharktnk]

No and I am not impressed with the creative wordsmithing that attempts to make this vivable. It is more than a long shot ...

[Multi-Pennys]

Are you in this one?

[Sharktnk]

I have NO proof, but all the "Signs" point in that direction.

Those are the two key phrases you need to concentrate on. Read through the posts ...

[Multi-Pennys]

Thanks for the welcome. Im excited to see how this one plays out. A R/M would be excellent!

[trader53]

Well, welcome to the Board >

I have all the info you need to see what's going on with this company, located on the "stickies". All the DD is there.

Basically, I'm of the opinion, that ASYTQ and Crossing Automation, have already, or, could be in the process of, forming a R/M.

I have NO proof, but all the "Signs" point in that direction.

Lots of R/M's have formed with just as little proof as I have, so this R/M is entirely possible.

[Multi-Pennys]

GM to you too. I was Searching the boards and just happened to find it.

[trader53]

gm, Multi-Pennys,



> Nice DD. I just found ASYTQ. Are you in contact with the company?

Q: Have you heard anything about the court date that just passed?
A: No. Not a thing.

Q: Did the company mention anything about a merger or did you "connect the dots"?
A: Connected the dots.

sorry for so many questions but you seem to know a lot about whats going on. Thanks in advance.


Anytime.
How did you stumble upon ASYTQ ?

[Multi-Pennys]

Is anyone here in contact with the company?

Seems like this ones flying low

[trader53]

SEC Wants More Input on Nasdaq Reverse Merger Proposal


Posted September 14, 2011 4:43PM PST

The Securities and Exchange Commission is calling for more public commentary regarding Nasdaq's call for rule changes regarding how reverse merged companies become publicly listed. In a notice released yesterday, the regulator also hinted that the separate requests by Nasdaq and the New York Stock Exchange (NYSE) should be similar.

Last May, Nasdaq called upon the SEC to approve changes to the parameters by which reverse merged companies gain a listing. A similar proposal to the SEC came from the NYSE and NYSE Amex in July.

Nasdaq's proposal called for reverse merged companies to be listed on another national exchange, over the counter, or on a foreign exchange for a minimum of six months before being considered for a Nasdaq listing.


The exchange also wants reverse merged companies to maintain a minimum bid price of $4 for at least 30 of the 60 trading days prior to submitting a listing application and file at least two financial reports in a timely manner prior to approval.

http://reversemerger.dealflow.com/wires/article.cfm?title=SEC-Wants-More-Input-Nasdaq-Reverse-Merger-Proposal&id=tfttqzdtizvrctp

[trader53]

ASYTQ is primed for a good move-up !!


Check-out all these charts of the Sector, etc.

Everything connected to the Semi-Conductor Equipment sector is Breaking-Out !!


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65487970

[trader53]

Bid/Ask after hours >> Wed. Sept.14th

Bid/Size 0.0001 / 5,000 Ask/Size 0.011 / 1,296,000

[JUKEN]

near term weakness? we have closed at the lows of the day, 10 of the last 12 trading days with hardly any volume.

[trader53]

ASYST TECHNOLOGIES (ASYTQ) Uptrend


> Smart Scan Chart Analysis is showing some near term weakness.

> However, this market remains in the confines of a longer-term
Uptrend.

Based on a pre-defined weighted trend formula for chart analysis, ASYTQ scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend):


-10 Last Hour Close Below 5 hour Moving Average
+15 New 3 Day High on Thursday
-20 Last Price Below 20 Day Moving Average
+25 New 3 Week High, Week Ending August 13th
+30 New 3 Month High in May

+70 Total Score

[trader53]

Probably needs to test 0.0036c to 0.0039c, one last time,

before moving Higher.