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RE-EDIT: on-line sales are typically drop shipped by the vendor or consignment sold into retailers warehouses. If my memory serves me right ASR is heavily tilted to the prior. They carry the great majority of the logistics cost and burden as well as the inventory cost burden.
A China based supply chain typically carries a lead time of 100 to 150 days. I would suggest that ASR's is probably at the high end if not longer as they are constantly struggling for funds and the convoluted nature of their financing requires a significantly higher level of documentation and machinations.
the cost architecture (35% GP) is consistent with a Private Label model, but they spend at Branded products levels (65% GP +).
A true branded product needs to have a floor cost that is no greater than 15%-18% of retail. They run upwards of 55%.
yes, they have met the criteria, the only exceptions are local perishable products producers or manufacturers that distribute their own products DSD to the individual stores, and they must have a P&L that supports the localized nature of the business and the payment terms are very extended for the first 12 months. Wal-Mart is NEVER at risk.
but of course the PPS and historical performance of the company prove your point so I stand corrected.
I COULD NOT DISAGREE MORE, ON BOTH OBJECTIVE AND SUBJECTIVE GROUNDS.
of course the company can fabricate financials, as paper is one of the most noble inventions of mankind, it holds whatever you put on it, case in point many of the ASR PR's.
However the detail will be been analyzed when D&B responds to the Wal-Mart inquiry.
makeamint2 Member Profile makeamint2
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Friday, December 09, 2011 9:30:29 AM
Re: None
Post # of 52769
By the way before someone makes the comment that D&B just takes the info you give them and publishes it, that is only accurate when you are applying for a listing, when a potential customer of the listed company asks for a detailed report, they provide the same level of verified detail that a certified P&L does.
By the way before someone makes the comment that D&B just takes the info you give them and publishes it, that is only accurate when you are applying for a listing, when a potential customer of the listed company asks for a detailed report, they provide the same level of verified detail that a certified P&L does.
EDIT: I am curious who believes that ASR has the qualitative underpinnings (quality of P&L & balance Sheet / Cash Flows) to meet this pre-condition, let alone the the quantitative capacity to fulfill this ministerial obligation by 12/31/2011.
Of course ASR being the superbly mananged company that it is, they could do all of this by lunch and charter a private jet to take the money to china and wait to fly the goods back.
And if someone further comments that the PO from Wal-Mart could guarantee the payment or securitize and collateralize the funds, the company's PO's and all receivables are already hypothecated and/or contractually pledged to satisfy prior debt (defaults), of course Wal-Mart would see this as a positive statement of ASR's financial stability.
From Wal-Mart's published vendor criteria
Financial Statements
Financial position is an important part of supplier assessment and is reflective of the overall stability of your company and its future relationship with Walmart/Sam's Club. It is important that you can properly assess your capacity for production through your financial information, i.e.; income statement, balance sheet / profit & loss statement and the statement of cash flows. If you need assistance with this assessment, contact a local certified public accountant in your area or a small business development center.
Dun & Bradstreet (D & B) In order to evaluate a firm's financial standing, a Supplier Evaluation Report (SER) is required. This report is purchased by the supplier through our electronic process.
To ensure an accurate report, it is necessary for the supplier to update their financial information with D & B. If you are not currently listed with D & B, you will need to do so. You will be issued a D-U-N-S Number at the time of listing, which should be included on the Supplier Questionnaire. The D-U-N-S Number is D & B's distinctive nine-digit identification number. To contact Dun & Bradstreet, you may call (866) 815-2749 or visit their website at www.dnb.com. An Supplier Evaluation Report (SER) report will need to include a financial risking rating before the report is acceptable.
Please have your D&B information up to date before submitting your application (a risk rating of 7,8 or 9 will not be considered). A credit card to pay for the D&B report will be required. In order for your application to be submitted, you must purchase this D&B report when prompted. If you have any questions please call (866) 815-2749.
Charges will accrue for this report with Dun & Bradstreet: an initial registration charge and a fee for purchasing the report on-line. All Charges are the supplier's responsibility. Supplier Insurance Requirements A copy of your Certificate of Liability Insurance will be requested once your company has been accepted by the buyer. Please do not make these changes or purchase insurance until requested by Walmart Please note that your insurance should cover the following areas:
EDIT: Are you suggesting that large, e.g. 100,000 unit size orders, isn't possible with the new product against those large retailers to stock their distribution centers and retail shelves nationwide? What would be your best guess at order size to stock a Walmart?
I suggest you read up on Wal-Mart's purchasing / vendor criteria.
Additionally I said the word "inferred", and I do believe that you are trying to infer the unlikely if not outright improbable.
I did not realize that Wal-Mart was now stocking the therm on it's shelves. Up to now they have strictly had an online purchase option, just like Costco etc, etc,...would someone please provide backup to the comment that infers that the thermometer is actually on Wal-Mart's shelves and it's distribution centers?
10:43:01 0.0085 114895 OBB
10:32:25 0.0085 47500 OBB
09:59:20 0.009 85000 OBB
09:32:39 0.0095 50000 OBB
09:31:57 0.01 35000 OBB
so roughly 90% of the volume is sub-penny...Bullish!
down 98.7% since reverse split. Bullish!
Com on Dog! We both think ASR is a splendorous investment. Everyone should put all their money into it, the kids college fund too. Why it would probably be good to mortgage the house as well. It has so much promise. The horrid sales numbers and the abomination that is the P&L is just a ploy to make sure only friends of the company are buying shares. They are, as always, looking out for the common shareholders. That is why the issued themselves the preferred shares. So the common shareholders would not have to be bothered with things like oversight and proxy votes...
EDIT: Dog, CFG; ck the individual trades and see if you see swapping going on. If you analyze even the non-matching numbers you can reasonably assume that it's mostly swapping going on possibly to project an imaginary demand and stimulate the unknowing to partake.
11:25:22 0.0092 200000 OBB
11:21:39 0.0092 36799 OBB
11:21:36 0.0092 29201 OBB
11:11:07 0.0088 767852 OBB
11:09:30 0.0087 55852 OBB
11:09:30 0.0087 55852 OBB
11:05:03 0.0085 411027 OBB
10:47:37 0.0087 321027 OBB
10:47:35 0.009 100000 OBB
10:47:30 0.009 500000 OBB
10:45:22 0.009 250000 OBB
10:44:16 0.009 250000 OBB
10:42:16 0.009 12000 OBB
10:37:37 0.009 5000 OBB
10:37:12 0.009 35700 OBB
10:37:11 0.009 164300 OBB
10:37:10 0.009 164300 OBB
10:34:47 0.0099 162028 OBB
10:25:43 0.0093 107900 OBB
10:25:23 0.0092 25000 OBB
10:24:23 0.0092 5000 OBB
10:15:08 0.009 1000 OBB
10:13:18 0.009 125 OBB
09:58:30 0.0087 100 OBB
09:32:58 0.0087 49928 OBB
09:31:42 0.0092 15000 OBB
09:30:11 0.0085 1615
I guess that the possibility that creditors/insiders are dumping shares is not to be considered huh? It's always speculated that some fantastic news or mysterious accumulation is happening is the real reason, and invariably eventually the facts or disclosures point to a dump, IMO
It's down 99.6% (pre reverse split) since the R/S
.0000425 Pre split. Everything is looking good.
.0000415 pre split. To Da Moon! Everything is looking good if you are looking to lose everything. At some point common shareholders will act in unison. So all of us that were referred to as bashers were right.
Maybe those that are still holding due to teh false hype thrown around here, will simply take their losses before the year's end and force the shutdown of this situation.
Happy Thanksgiving!
I hate to see this disaster that is ASR. lots of people got hurt and are getting hurt. The ASR team has done exactly what I expected. The revenue numbers look a little funny and an amended Q would not be a shocker....but it really does not matter. Good luck all.
well volume seems to be back to the non-dumping scenario, maybe that will change before the close. I suspect that the Q is about to hit so the dumping needed to get done ASAP.
Doggone, take your temperature friend, this is not a start-up. Really. ASR has been around for a very long time.
edit: .000125 oops now .0001175 pre split, must be because of all that wonderful news coming in the Q. If the news gets much better it may hit quad zeros pre split. Is there such a thing as a mini-nano cap company?
Dog, I do not have a link. It was sent to me by the Securities Lawyer I have used over the years. I knew the penalties existed and asked him to send me something on it. BTW, regardless of a request for extension, the offending companies get a strike even if they have asked for an extension or if they are even 1 day late.
EDIT: HOPE THIS HELPS:
When can a company be "delisted" or removed from the OTCBB?
OTCBB issuers that become delinquent in their required regulatory filings will have their securities removed from the OTC Bulletin Board. Further, all OTCBB issues must maintain at least one registered Market Maker to remain on the OTCBB. When the last Market Maker in a security withdraws from the stock, the issue is removed from the OTCBB after 4 days pursuant to Rule 15c2-11. An issuer cannot voluntarily withdraw from the OTCBB; only a market maker can voluntarily withdraw its quote from the OTCBB. If an OTCBB security becomes listed on NASDAQ or another exchange, it will no longer be eligible and will be removed from the OTCBB.
How does the three strikes ineligibility rule work in practice? Pursuant to NASD Rule 6530(e), any OTCBB issuer that is delinquent in its reporting obligations three times in a 24-month period and/or is actually removed from the OTCBB for failure to file two times in a 24-month period is ineligible for quotation on the OTCBB for a period of one year. For a security to be eligible for quotation on the OTCBB, NASD Rule 6530 requires, in part, that the issuer of the security is required to file reports with the Commission or that the issuer of the security is a bank or savings associations (or holding company for such entities) that is not required to file reports with the Commission and, instead, makes filings with its applicable regulator. In addition to the foregoing, the issuer of the security must be current in its reporting obligations, subject to a 30 or 60 day grace period, as applicable. An OTCBB issuer will be deemed delinquent in its reporting obligations if the issuer fails to make a required filing when due or has filed an incomplete filing. In order for a filing to be complete, it must contain all required certifications and have been reviewed or audited as applicable, by an accountant registered with the Public Company Accounting Oversight Board.
How does FINRA determine whether an OTCBB issuer’s periodic financial report was filed timely?
For the purpose of determining the extent to which an issuer has filed its periodic financial reports in a timely fashion or has filed its periodic financial reports within the applicable grace period (in the case of an issuer that did not meet the initial filing deadline), the periodic financial report in question must have been received and time stamped by the Commission’s EDGAR system no later than 5:30 p.m. EST on the day the report was due or the last day of the applicable grace period. For the purpose of determining an issuer’s eligibility for quotation on the OTCBB, no exceptions to the 5:30 p.m. EST cut off will be made absent the existence of extraordinary circumstances in the sole discretion of SEC staff.
Initial Filing Deadline Delinquency Example: An OTCBB issuer that fails to file a periodic financial report on the day it is due by 5:30 p.m. EST receives a “strike,” even if the filing is made on the following day. If such a “strike” is the issuer’s third, the issuer will be removed form the OTCBB. A hearing request will stay the removal of the issuer’s securities from the OTCBB, pending the Hearing Officer’s decision, but only if it is accompanied by evidence / receipt of a wire transfer in the amount of $4,000. The stay of removal pending the Hearing Officer’s decision will not provide the issuer with additional time in which to cure ineligibility, if the issuer was, in fact, delinquent at the time that the filing was due.
Grace Period Filing Deadline Delinquency Example: An OTCBB issuer that fails to file a periodic financial report on the day it is due and then subsequently fails to file the periodic financial report by 5:30 p.m. EST on the last day of the applicable grace period (in the case of a first or second “strike”) will be removed from the OTCBB. A hearing request will stay the removal of the issuer’s securities from the OTCBB, pending the Hearing Officer’s decision, but only if it is accompanied by evidence / receipt of a wire transfer in the amount of $4,000. The stay of removal pending the Hearing Officer’s decision will not provide the issuer with additional time in which to cure ineligibility, if the issuer was, in fact, delinquent at the end of the applicable grace period.
Can a company appeal the removal of its securities from the OTCBB?
The issuer of a security quoted on the OTCBB may appeal the removal of its securities to a Hearing Officer appointed by the FINRA Office of Hearing Officers pursuant to the NASD Rule 9700 Series. The request for an appeal hearing must be received by the Office of Hearing Officers at least two days prior to the scheduled removal of the security, together with evidence that the issuer has paid a $4,000 hearing fee. A hearing request will stay the removal of the issuer’s securities from the OTCBB, pending the Hearing Officer’s decision. . Unless otherwise ordered by the Hearing Officer, hearings will be conducted via telephone. The Office of Hearing Officers will provide the issuer at least 5 business days notice of the hearing unless the issuer waives such notice.
At a brief telephonic hearing, the Hearing Officer will determine whether the Company’s securities are eligible for quotation on the OTCBB under NASD Rules 6530 and 6540. The Hearing Officer will consider only the issues of whether the issuer’s security is then eligible for quotation on the OTCBB and/or whether the issuer filed a complete report by the applicable due date taking into account any extensions pursuant to SEC Rule 12b-25. The Hearing Officer does not have discretion to grant any extensions of time for ineligible securities to become eligible.
May a company appeal the Hearing Officer’s decision?
The issuer may not appeal the decision within FINRA, but before a Hearing Officer’s decision is issued, it is considered and may be called for review by the National Adjudicatory Committee (NAC). If the decision is called for review, the NAC will issue a decision, which will constitute the final FINRA action. Otherwise, the Hearing Officer’s decision will be issued, and will constitute the final FINRA action. The issuer may appeal the final FINRA action (either the Hearing Officer’s decision or the NAC decision, as applicable) to the SEC.
If my count is accurate 1 more late filing, regardless of reason or extension and they get de-listed from the OTCBB. Automatically. Any appeal will not re-instate until the appeal is adjudicated. Any winning of the appeal will be extremely difficult.
Imagine that! ASR PPS is tanking. Down 30% in less than an hour. Is it possible that massive accumulation claims were a scam to facilitate the massive dump and dilution? That would be a criminal offense.
this is as toxic as it gets.
Dog, I thought I had read a post from ASR IR on another board last week that there was a debtor with shares that was dumping their shares?????
Hi, May I ask how you know this and where is the money coming from to buy back the shares? Is this a fact you are posting or just a guess that disregards their financials as reported. Thanks in advance.
I don't feel comfortable throwing the "B" word around. Things are bad enough for the real common shareholders without sending the signal that a filing has occurred.
btw, keep your eye on the filing and the deadline dates (November 15th). If they run late, regardless of extension, 3 times in 24 months they will be removed from OTCBB.
I disagree with your choice of words, until they actually file for protection under the Bankruptcy Statutes I refer to them as insolvent..just saying
Yes its just semantics.
I don't monitor their filing dates etc very closely, but those that believe that the OTCBB is the gateway to financial Nirvana you should be aware that the company is potentially treading on thin ice.
Initial Filing Deadline Delinquency Example: An OTCBB issuer that fails to file a periodic financial report on the day it is due by 5:30 p.m. EST receives a “strike,” even if the filing is made on the following day. If such a “strike” is the issuer’s third, the issuer will be removed form the OTCBB. A hearing request will stay the removal of the issuer’s securities from the OTCBB, pending the Hearing Officer’s decision, but only if it is accompanied by evidence / receipt of a wire transfer in the amount of $4,000. The stay of removal pending the Hearing Officer’s decision will not provide the issuer with additional time in which to cure ineligibility, if the issuer was, in fact, delinquent at the time that the filing was due.
You can lead a horse to water but you can't make him walk backwards in a hurricane as the ASR facilitators try to do.
http://www.otcbb.com/faqs/otcbb_faq.stm
I found this and offers more detail regarding various aspects of the OTCBB
Because the OTCBB is a quotation service for FINRA Market Makers, not an issuer listing service or securities market, there are no listing requirements that must be met by an OTCBB issuer. Accordingly, there are no minimum financial requirements and there is no minimum bid price requirement.
hope this helps.
Market Cap is approaching $250k if it does not turn around, this is not a classic cup and handle, I believe if this trend were charted it would be the "Classic Upside Down Hockey Stick"
Last Change $ Change % Day Volume
0.022 0.00 0.00% 0
Bid (size) Ask (size) Low High
.01 (5,000) 0.05 (5,000)
Prev Close Open 52 Wk Low 52 Wk High
0.022 N/A 0.0025 0.65
Last Size Avg Trd Size # of Trades Avg Day Vol
47900 0 0 153,383
Market Cap P/E Ratio EPS (TTM) Yield
347.16 k N/A N/A N/A
Dividend Ex Div Date Exchange Trade Time
N/A N/A OBB 15:38
actual trade detail for the entire day yesterday, does this match up to your comments? I'll let everyone make up their own mind. The top of the list was the last trade of the day:
Time Price Volume Exchange
11/08 0.023 47900 OBB
11/08 0.022 10000 OBB
11/08 0.023 5400 OBB
11/08 0.023 7500 OBB
11/08 0.026 5000 OBB
11/08 0.026 5000 OBB
11/08 0.025 3500 OBB
11/08 0.025 10000 OBB
11/08 0.025 6500 OBB
11/08 0.027 8059 OBB
11/08 0.027 45896 OBB
11/08 0.0271 2000 OBB
11/08 0.027 9800 OBB
11/08 0.027 16245 OBB
11/08 0.027 10000 OBB
11/08 0.027 3400 OBB
11/08 0.027 24563 OBB
11/08 0.025 8755 OBB
11/08 0.025 26587 OBB
11/08 0.025 99731 OBB
11/08 0.025 5000 OBB
11/08 0.025 5000 OBB
11/08 0.025 24658 OBB
11/08 0.024 10000 OBB
11/08 0.0231 2500 OBB
11/08 0.025 8000 OBB
11/08 0.028 43144 OBB
11/08 0.027 19856 OBB
EDIT: You may have misunderstood CFG, after all as you can plainly see that the incredible demand for ASR shares is following the basic economic principle that massive accumulation/demand depresses price.