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Admit it DOG, u have no idea!!!!!!!!!!!!!!
Show me DOG, where they are in the S-1??????????
Apparently you CAN"T!!!!!!!!!!!!!!
I have never read anything about this couple on these MBs, much less from you.
Have you spotted their S-1a HEADLINES??????????????????
Do you see him in the S-1a???????????????? and his children
IMO the most alarming aspect of the S-1a is the mention of “Alexander and Mira Goldin” and their children. Alexander Goldin is a chess grandmaster from the USSR, who is now resident in the United States of America.
I'll give you the information flow, starting with the S-1A filed on Oct 14th. The scope of your question is just too broad, to explain in just 1 post. So I have to take "little steps" for the full story. Is this acceptable DOG?????
No, not at all!!!!!!!!!!!!!!
And turning liabilities into Equity, is a dead give-a-way. And the .004 is also
They are, in fact, in Chap 11 proceedings at the moment. Have been for over a year. The only thing missing is the legal petition, and thus are operating a Chap 11 outside the courts.
Read Chris's words carefully, he's "wheeling and dealing" with the creditors. Thats Chap 11 Mint; Management telling creditors they have a PLAN to get out of their financial situation and pay everyone off.
ASFX is just cutting out the middle man, that being, the courts and lawyers.
Good for You. I deal with Truths, but to each his own.
I seek the TRUTH, and then I can deal with it, in regards to my investment choices.
It appears you are attacking me, for voicing my concerns regarding Management's Silence.
I don't know about the Shareholder who wants Bankruptcy, but speaking for myself, I just want a PR.
It's really pretty simple. Management should issue a PR to update "cash flow", POs and revenues booked.
"These factors raise substantial doubt about the Company’s ability to continue as a going concern."
Not just "Doubt", but "SUBSTANTIAL Doubt".
And that "INDEPENDENT" opinion was 2.2 Million in losses ago.
Not according to the ASFX Auditing Firm and ASFX CEO. Its Real.
TY Dan. Let the Bankruptcy debate begin.
Auditing firms hate issuing "going concern" opinions, and will do so only when its obvious.
Not according to the CEO. Would you like a quote from the S-1A????
How about some links to what an auditor's "going concern" opinion means??????
And its because of this Financial Problem, that Management refuses to address shareholders in a fair and balanced fashion.
Missing this flu season pipeline was a major mistake. And Management knows it.
And the end result, NO PR.
But ASFX IS on the verge of Bankruptcy. And thats a FACT, supported by the auditor's opinion and the CEO's own words in the S-1A.
Care to debate??????????
I'm invested. A HUGE position, but thats all relative I guess.
I'm a shareholder
Which post was That "WIN"????????
Per Dr Chris
""We have incurred net losses since our inception. We have incurred net losses applicable to common shareholders of $2,293,774 and $1,101,380, respectively, for the six months ended June 30, 2010 and 2009, and $3,424,851 and $6,406,954, respectively, for the fiscal years ended December 31, 2009 and 2008. As of June 30, 2010, we have an accumulated deficit of $22,325,398 and a shareholders’ deficit of $3,217,127. We currently have sufficient cash to sustain our operations for a period of approximately one month. We believe that, if projected revenues materialize and loan funding which has been committed to us is received, we will have sufficient cash to sustain our operations for a period of approximately three months. We will require additional funds through the receipt of conventional sources of capital or through future sales of our common stock, until such time as our revenues are sufficient to meet our cost structure, and ultimately achieve profitable operations. Management estimates that it will need $1,000,000 over the next twelve months, and $3,000,000 to fund all of the Company’s current product development and marketing projects, including $2,000,000 to fund marketing programs for the Kidz-Med Non-contact 5-in-1 thermometer. There is no assurance we will be successful in raising additional capital or achieving profitable operations. Furthermore, the large number of shares available from selling stockholders pursuant to the prospectus and the depressive effect of the availability of such shares could make it difficult for us to raise funds from other sources. Wherever possible, our board of directors will attempt to use non-cash consideration to satisfy obligations. In many instances, we believe that the non-cash consideration will consist of restricted shares of our common stock. These actions will result in dilution of the ownership interests of existing stockholders and may further dilute common stock book value, and that dilution may be material."
What do you think this quote means "WIN"????????
And this isn't the only quote from Dr Chris in the S-1A!!!!
OK Dr P, lets Debate. I'll use the exact "words" of the CEO and auditors. You can use anything you want.
Thats fair!!!!!!!!!!!!!!!!
I'm just going by what the CEO and Auditors indicate in the S-1A.
If they think ASFX is close to Bankruptcy, then its good enough for me.
Thats why I always go st8 to the latest Conmpany PR. And that was issued on Oct 14th. Read it carefully.
That cash never hits their bank account. No way would the Company be allowed to touch that PO financing package.
The cash goes st8 to the Chinese, and then the cash is paid back via the shylock Factor, plus an outragious interest charge. ASFX only sees the Net.
I'll assume you're serious here. We know by reading the last S-1A issued on Oct 14th, that the Company has no hope of getting an ABL package.
We also know Banks like strong liquidity ratios, before committing to an AB credit line.
"and that dilution may be material".
Per the words from the CEO in Oct 14th, 2010 S-1A, and I quote
"We have incurred net losses since our inception. We have incurred net losses applicable to common shareholders of $2,293,774 and $1,101,380, respectively, for the six months ended June 30, 2010 and 2009, and $3,424,851 and $6,406,954, respectively, for the fiscal years ended December 31, 2009 and 2008. As of June 30, 2010, we have an accumulated deficit of $22,325,398 and a shareholders’ deficit of $3,217,127. We currently have sufficient cash to sustain our operations for a period of approximately one month. We believe that, if projected revenues materialize and loan funding which has been committed to us is received, we will have sufficient cash to sustain our operations for a period of approximately three months. We will require additional funds through the receipt of conventional sources of capital or through future sales of our common stock, until such time as our revenues are sufficient to meet our cost structure, and ultimately achieve profitable operations. Management estimates that it will need $1,000,000 over the next twelve months, and $3,000,000 to fund all of the Company’s current product development and marketing projects, including $2,000,000 to fund marketing programs for the Kidz-Med Non-contact 5-in-1 thermometer. There is no assurance we will be successful in raising additional capital or achieving profitable operations. Furthermore, the large number of shares available from selling stockholders pursuant to the prospectus and the depressive effect of the availability of such shares could make it difficult for us to raise funds from other sources. Wherever possible, our board of directors will attempt to use non-cash consideration to satisfy obligations. In many instances, we believe that the non-cash consideration will consist of restricted shares of our common stock. These actions will result in dilution of the ownership interests of existing stockholders and may further dilute common stock book value, and that dilution may be material."
I think a PO is in order, ASAP
I want a PR to update the "going concern" issue ASAP. The opinion of the outside auditing firm is important.
I trust them.
There's mountains of evidence. lets debate "Win"
So you think they're looking strong then????
"Material" is a very funny word in regard to Financial position. At this stage of the Game, "Material" is in the back of the bus.
Front and Center is Management's "Silence". And its this "Silence" thats creating the current uncertainty. Dog may be correct on this litagatiion issue, but management has released their opinions and assumptions regarding this point.
Sorry, but the current operating cash flow is the real problem. And shareholders ONLY get "we only have 1 month left Gang".
Dog is "watching" and I'm "listening" for any NEWS from Management. I just think potential investors' cash is also "listening".
Reread your conclusion DOG. The last few days of trading have been a BIG FAT NOTHING.
"Judging from the selling the past few trading days i wonder if someone deos not already know something."
No impact Dog.
You're guessing and making assumptions based on experience. I too, do the same thing. We are not allowed do this type of "educated guessing". But THEY can, without any real analysis to back up their "FACTS"!!!!!!!!!
Welcome to PINKIE Land, it's truly a circus. Try to have FUN, I do. The "Christy" email "death threats" are amazing.
The more they fight and "name call", the more you can take advantage of the situation.
"They" will not talk about real issues, like running a business or (God Forbid) AUDITING said business. "They" are Right, and "We" are Wrong. And they have the Bagholders to prove it.
Play accordingly, but one thing is for sure "GREED KILLS".
A Honest to God "ISSUE"
Then why didn't the CFO sign the S-1, as required by law???
Exactly!!!!!!!!! All their available cash is tied up in the production pipeline.
Another reason for no PRs.
I'm afraid the Vol and PPS disagree
Unbelieveable!!!!!!!!!!!!!