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makeamint2 Member Profile makeamint2
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Friday, December 30, 2011 11:56:23 AM
Re: makeamint2 post# 53159
Post # of 53347
so now a guy that lives in NV with no package goods exp is the CEO, we shall see. Hopefully its a step forward.
makeamint2 Member Profile makeamint2
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Friday, December 30, 2011 5:53:05 PM
Re: doggone post# 53167
Post # of 53346
the 13 G filing makes sense and may explain the spike, a nice set up for a dump?
Dog, if anyone looks at the ASR 90 day data they should see the connection between debt holders conversion and the attendant disclosure filings and the pump then the savage dumps.
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I would suggest that as long as you operate under the parameters of a manipulated equity, that there are NO REAL magic bullets or real world substantiated PR's that will make ASR a successful operating entity, you may make money. When folks try to distract you from the truth with absolutely false comments that someone is actually two people, or that they are secretly working for market makers to bash the price down so they can accumulate; when someone does that, I suggest ask yourself "Why do the want me to think that".
Everything I have posted here is either a factual objective observation, or based on personal knowledge and experience within the package goods industry, or years of running businesses, including my own public companies.
Amazing how many have ridiculed me or laughed at my predictions, yet they have all become reality, and when the ASR stock goes in the toilet those people disappear.
I have never met or spoken to dog, besides the posts you see here. I have NEVER met any MM or any other manipulator.
The only other former shareholder I know is one close friend that does not post here, who was my frat brother and has been my investment partner for years and who got into this stock with me. He and I invest together but I make the investment decisions. I have the business background.
I am no longer an ASR shareholder, don't have a dog in this fight.
The ASR common shareholders got KEBONKED over the head with the cup and handle.
EDIT: This has all the markings of a classic death spiral manipulation by the insiders and the convertible debenture holders. They had an opportunity to cash out and re-screw the common holders. This was classic. You have to give them style points for the elaborate choreography. This is case study quality manipulation.
This is truly worthy of reporting to the SEC & FINRA.
BTW Dog, this is absolutely NOT a naked short, since the entity shorting has readily available convertible shartes
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unfortunately that is simply how death spirals work. These are not just in pinks but also small caps.
EDIT: Trip 7, check this link out
http://www.turnaround.org/About/Facts.aspx
If asr were a real business.........
Many state economic development agencies refer businesses to us. Particularly if they have received economic incentives from the state and federal governments and are in trouble.
EDIT: I'm simply angry as hell at the scam that I believe has been nakedly perpetrated via the ASR common. People like CW have been duped and they continue to hustle her and others. The pumpers of this company belong behind bars. I invested for my own reasons, my mistake. I got out and took the hit..no biggie. I have opined for some time, that Roth is a joke and the deal he got for bringing in the ND is an insult to any shareholder's intelligence, of course the auditors have already written down the asset. I guess I wasn't crazy.
This stock is a mirage, a vapor, a true product of ethereal bull hockey. Is Faber moving to Boca? What real functioning newly appointed CEO lives 2500 miles away from the company with no other staff or facility at his location. Particularly a new CEO with no industry experience on any level. Not in the category or the trade itself. This is insanity to claim that this man, who may well be a highly competent individual in his area of expertise, that this man is the perfect guy for the job and that he is going to turn it around. I mentor start-ups and distressed companies pro-Bono via the TURNAROUND MANAGEMENT ASSOCIATION, this is an absolutely laughable company.
This is simply a trading vehicle for day traders to play with.
Please remember; "YOU CAN PUT SOMEONE IN THE PILOT'S SEAT, THAT DOES NOT MEAN HE CAN FLY A PLANE"..
In my opinion, Roth has no business running a business, based on what is available about him. Why is his the only bio with no specific career history or mentionable accomplishments?
What criticism, I said I was pretty sure he had brought in death spiral financings. He has. Granite loans are convertible notes with death spiral covenants.
EDIT: Your absolutely wrong, I have posted many times here that the Mebby products had significant potential, I have said here that those were the only products I saw with real marketable potential. Doggone has argued this point with me, please ask him.
You may not read my posts carefully I have said other positive things but the harsh realities are that this company has been mismanaged to the Nth degree. The economic model is a nightmare, the cost architecture is a purely private label model and all of the insane travel is an insult to the shareholders, but then again they thoroughly shafted the shareholders with the self-issuance of the super voting preferred.
The thermometer products are simply mundane me-too's, the NDD to me is a niche product that belongs exclusively in home care catalogs and distributors. However the deal the company struck for it was outrageously bloated and totally unjustifiable.
If you do not like the negative posts then I am truly sorry but they are the reality of this equity. This company is purely a vapor for traders to profit on innuendo and rumors, invariably they have been debunked.
I am sorry you got duped into this, my best advice is get out with what you can salvage or ride it out, but unfortunately I doubt you will ever come close to recouping your original investment. I hope differently for your sake.
GEEZ CW, we are all entitled to our own opinions, but not our own facts. ASR is awash with horribly toxic financings. I have said this for 2 years.
EDIT: What insults? I am pretty sure that he brought in granite if my memory serves me right. That is absolutely a death spiral note. Do you understand that a death spiral is an actual term used to describe a type of convertible debenture that has a feature whereby the strike price automatically lowers based on certain parameters but usually driven by the actual PPS at the time of conversion, to insure the convertability feature is not diluted?
It typically causes shorting by the debt holder to further drive down the PPS, ergo...Death Spiral. He then covers the short with ever cheapening converted shares.
that's too bad, those had real mass market potential. But I have said this before.
that was an effort to paint the close, or not have it look so bad. The commission/fees were prob more than the shares.
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That explains the lack of a PR to me. Lawyers would have never cleared it. I'm surprised they cleared the 8K. I can guarantee you my securities atty would never let that filing go with out transparent disclosure. It would not surprise me if it was not a violation of SOX.
if I'm not mistaken Mr. Taylor brought in a lot of the death spiral deals like Granite. Not disclosing his prior relationship with the company is improper. Any real securities lawyer and the SEC legal staff will tell you that. It is in violation of the spirit of the law as per the act. By the way it appears that folks here do nit grasp the fact that Dr. Tirrota is still the Chairman of the Board an thus the de facto top dog.
Dog< Interesting that the 8K makes no mention of Howard Taylor's prior association with the company.
I don't believe the run up had anything to do with investors thrilled at the wizardry of Faber. Firstly I believe he is a convenient placeholder. They needed someone to sit in the chair when Tirrota made it known he was steeping down. He was available and they just dropped him in the chair. Is he moving to Boca? Does he have ANY package goods experience, does he have any retail experience? I doubt that he does, and with this company's penchant for announcing a door opening, if he did have any of these or if he was relocating, they would have detailed any or all of those points. Secondly the run up in my opinion was orchestrated to allow the insiders to cash out and suck in buyers for their shares.
in my humble opinion, this recent pump up was orchestrated to make sure the debt holder could cash out and lure in the buyers for their shares. t worked.
what about the ton of convertible debt that is out there, most all of it with (if I remember correctly) anti-dilution (death spiral) covenants. Where do people think that all of this current dilution came from? It was all converted debt with the same anti dilutive component.
the 13 G filing makes sense and may explain the spike, a nice set up for a dump?
at least they have someone who has some experience in a public company environment. I still feel having on point experience is very important. The CEO of a company this small and this troubled is not an Ivory Tower guy. He would be well served to know the customers and understand the dynamic and supply chain, but maybe this guy (if he's not a figurehead) can straighten out the economic model.
he was most recently the chief accounting officer, hes a CPA by training. Not currently licensed.
as i said, lets hope its a step forward
so now a guy that lives in NV with no package goods exp is the CEO, we shall see. Hopefully its a step forward.
Tirrota got spooked by calls going to the hospital...
Happy New Year Dog! BTW Tirrota is still Chairman of the Board.
did not resign
rain, he is no longer associated w lode, see their 12 21 2011 sec filing announcing new person
that is exactly what a lil birdie told me
Faber is no longer associated with Comstock (LODE) as per their 12/21/2011 filing.
Rainmaker, what you're thinking is not crazy, I have said before that one of the few assets was the public vehicle. However beware, since ASR orchestrated their preferred issuance they can pretty much do anything. In my opinion if Roth tendered his Pref shares that might be indicative of what your hoping for. They made it a precondition that he would go away. He has no place in any kind of a leadership role in any kind of business.
Going back to the "Beware", they can reverse split this again very easily and crush the Asr shareholders into oblivion and restructure the debt as I have been suggesting. The fact that they are both Nevada Corps makes a lot of things easier. In such a scenario I seriously doubt that they would carry on with the ASR business per se.
Good luck.