Married
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This may be the first time in history that a stock price plummets like ASR's because of massive accumulation....an amazing occurrence indeed
That's ok, Dog, I am waiting for the ASR facilitators claim that it's a technical issue and a huge buying opportunity when the PPS goes into sub penny land.
PPS is now at .000125 PRE R/S
Dog, even I have learned that ASR is not about an operating business, but rather a stock manipulation and selling operation. I do not believe that this is about salvaging ASR, just the continuation of the pump and dump. Which is why I strongly believe that while I am sure CFG is right and the Q is done, they will extend the filing. The potential disclosures of revenues and operating results might get in the way of the massive sell-off by converting debt holders as disclosed by ASR IR elsewhere when questioned about the recent high volumes.
OBI, you are free to choose your own interpretation. I stated a possible scenario based on my experience in acquiring other entities, although in my opinion that scenario is extremely unlikely here as I BELIEVE the ASR insiders and Senior Management may take issue with having to take restricted shares, give up the travel amongst other details. I also doubt any serious suitors exist, but have at it.
In the scenario I described you would receive shares on a pro rata basis in the surviving company, see below, common holders would get regular common shares and the insiders and senior management would get restricted shares.
"Management relinquishes all claims. They get restricted shares in the surviving entity parry-pursuit to the common shareholders".
The value of your holdings would probably be a heck of a lot more. A HECK OF A LOT MORE WITH THE POTENTIAL FOR MUCH FASTER APPRECIATION.
Shopper's Drug Mart does not want their logo on the Vera Temp, they want a private label and if its a true private label the name Vera Temp will nor appear anywhere neither will the name of the company,
Facts are nice
The ideal scenario in my opinion, would be to be bought out for equity in the acquiring entity and have the ASR public company renamed. Management leaves, management of the acquiring entity takes over. Right now that could be done for less than 500k in acquisition cost to the acquiring entity so it's doable.
Acquisitions valuations for micro-cap companies currently vary from approximately 1.2 to 1.6 times revenue or 6 to 10 times earnings. Because of the horrible financing deals, negligible revenues, the poor cost architecture and the gargantuan debt these could never be attained for ASR.
Management relinquishes all claims. They get restricted shares in the surviving entity parry-pursuit to the common shareholders.
In today's market it can cost a small cap company upwards of $1.5 million to go public via an IPO and well in excess of $500k annually to maintain full compliance.
Debt holders would be a challenge but tougher deals have been worked out. Probably the optimal scenario would be to turn the Vera Temp and NDD over to them along with non voting,. unregistered stock in the surviving entity and wash out the relationship beyond that. The surviving company continues to manage the two items, market, invoice etc for a % of revenue (these deals are usually in the 3 to 8 percent of gross revenues range depending on the existing revenue stream and cash flow (in the case of ASR it prob would be at the high end with a kicker for profitability enhancement).
If properly executed, the surviving company gets the vendor numbers (in my opinion the only value that exists in the trade relationships.
EDIT: I would not classify it as a terrific deal, these are done hundreds of times per day.
If it respects the wholesale price and delivers the yields its a good deal.
If they have guaranteed payment and minimum purchase qty's (Not typical for PL) it's a REAL GOOD DEAL.
If they have significantly corrupted the cost architecture it's just another of the many "DEALS" that does not help the company and most likely drives it deeper in the hole.
FYI, private label deals / agreements typically only guarantee the consumption or purchase of the customer custom branded (only) packaging. If there are snap-on parts that allow for custom coloring etc, they typically guarantee that as well.
Just read on another board that this is a private label. That for once, makes a lot of sense as long as they kept the wholesale price at $19.50. That should yield a $29.99 retail (US Dollars) and deliver the retailer a 35% GP or a 50% MU, both a little low but acceptable PL margins. It would be a 35% GP for the company which is typical private label margin. Branded margins need to 65% to 75% if it is going to be a true "Branded" SKU.
May I ask how you know that their R&D people have checked this out? Can you please provide some sort of URL or link to the SDM R&D department? I was not aware such an entity existed within SDM and would like to learn more about it. We are developing a product that would be a great fit. Thank you in advance!
Make no mistake Dog SDM is a valuable account. I just hope for the shareholder's sake that the "REAL" deal is beneficial to the company's health and not another P&L killer.
There is no doubt that SDM is a major player in Canada. This is a good start in Canada if the numbers are real and its real revenue as opposed to consignment.
With the history of bait and switch and other games that management has played with the common shareholder one needs to step back and see the nature of the deal to be sure its real sales that the auditors will treat as revenues.
A point of fact; if there is no purchase commitment and payment guarantee there is no risk for the other party in signing an agreement as these types of agreements inevitably carry significant purchasing incentives.
there is an intrinsic value in being a public company, they need to exploit that. If the atty's or independent reporting auditors (not the scrubbing firm) quit resign or whatever, that may close that door too.
ASR is on the edge of having too much to clean up.
EDIT: (HIT POST BY MISTAKE) No competent senior executive of a merger or acquisition partner would allow the current management team to control their future, so a change in management in my opinion would be mandatory.
I have offered plenty of suggestions. This is not brain surgery. This is basic blocking and tackling in a public company.
BTW; a reverse merger is a totally different animal, and in no way what I am inferring or suggesting could be a way through this morass, but perhaps it can be a way to move forward as well and it would definitely take care of the stewardship issue.
ASR can sign as many agreements as they want, at some point they need to generate revenues. All I see is their running up of professional fees to paper over these "BIG DEALS" that to date have shown little else than the pitiful PR value.
EDIT: This is simply awful, the PPS has plummeted approx 50% since the up-list. WHILE THERE IS OBVIOUS MANIPULATION ON BOTH SIDES, as I posted some weeks back, in my opinion the up-list was executed to facilitate the liquidation of shares by debt holders and senior managers. The current volumes and trade sizes might be evidence of just that.
The company needs to look at other alternatives to drive revenue. They should consider a roll-up strategy. The fact that they are a public company is in my opinion the last valuable leverage point they have.
There are probably dozens of young companies with established revenues, regardless of size, that could be brought in to broaden the revenue base. Obviously this would mean that operational control would migrate to the management teams that bring real business to the table.
They will need someone who understands this approach and can develop and execute the plan. Will management allow someone who has the skill set and relationships on Wall Street to come in and clean house? Will management sacrifice their company facilitated perks like useless travel? They will have to understand that they will no longer be feeding at the shareholder trough.
Big problems drive big questions which in turn demand big answers.
The cost architecture is wrong. End of story. It will never generate acceptable gross profit levels, therefore it will not be attractive as an acquisition.
The concept that "ANY" gross profit is acceptable is sheer lunacy.
what chains stores is it in?
or we are free to stay and post our thoughts and opinions regarding ASR.
this board has been here 5 years, so this is hardly a new company.
my apologies, excuse the typo
My guess is that when the ASR PPS hit .002 the volume will drop significantly. Seeing as how .002 is the conversion price.
that assumes that these are "REAL" trades....jmho
Market Cap is now at about $500K
New low. Obviously the up-list had a huge impact.
Well the sad part is that it does not look like real trading. I see a series of trades that are simply being passed back and forth.
Of course the revenues are through the roof as well.
It is disgusting, the fraudsters (SEC term) have no compunction about scamming and promoting the swindling. ASR is a total horror show.
The buffoonery continues, just saw a post on Yahoo about large closing bell trades. Look below, these are obvious share swapping trades..ROTFLMAO
15:45:30 0.045 5000 OBB
15:45:29 0.045 5000 OBB
15:39:48 0.045 6500 OBB
15:38:05 0.045 5000 OBB
14:43:14 0.04 11000 OBB
14:42:59 0.04 9800 OBB
14:42:49 0.04 35319 OBB
14:38:51 0.042 100 OBB
14:38:34 0.042 2350 OBB
14:38:34 0.042 2350 OBB
14:38:32 0.042 1700 OBB
14:38:31 0.04 35300 OBB
13:48:10 0.048 1689 OBB
11:41:09 0.04 146 OBB
09:30:16 0.04 150 OBB
Doggone, we have always had a difference of opinion on this. But always respectfully so. I don't believe that the NDD has any real significant potential, however it can be a niche product. Maybe a $1 million a year...however in my opinion its a dead item now.
The thermometer has some viability but unfortunately there is no one in the company that has the skill set to make that happen. The cost architecture is really a private label model but they have strangled the P&L by treating it as a premium branded product.
The single biggest issue is the lack of qualified and competent management and the incredibly wasteful spending.
Best case scenario, this could have been a 5 to 10 million $ company but the real revenue potential has never been exploited. They simply do not know what to do.
The debt deals are atrocious, the total hypothecation of A/R and inventory is out of a horror movie.
People on here keep referring to this as a new or nascent company. This board is 5 years old.
once again the trade detail shows a fairly obvious passing back and forth of shares.
onward and downward
Yep, the uplist had a huge impact.
Time Price Volume Exchange
10/27 0.04 40000 OBB
10/27 0.04 7100 OBB
10/27 0.04 300 OBB
10/27 0.05 2500 OBB
10/27 0.05 530 OBB
10/27 0.041 2470 OBB
10/27 0.05 5000 OBB
10/27 0.051 10000 OBB
10/27 0.051 4425 OBB
10/27 0.053 4950 OBB
10/27 0.052 1500 OBB
10/27 0.053 5000 OBB
10/27 0.053 10000 OBB
10/26 0.052 4400 OBB
10/26 0.053 13000 OBB
10/26 0.052 5000 OBB
10/26 0.052 5000 OBB
10/26 0.052 7400 OBB
10/26 0.055 13000 OBB
10/26 0.055 30000 OBB
10/26 0.053 17000 OBB
10/26 0.052 10000 OBB
10/26 0.052 2600 OBB
10/26 0.052 3400 OBB
10/26 0.053 7000 OBB
10/26 0.053 20000 OBB
10/26 0.051 5000 OBB
10/26 0.051 12000 OBB
10/26 0.053 5000 OBB
10/26 0.053 10000 OBB
EDIT: Tytluv, can you please revisit the issue about how it is a new day for ASR shareholders because of the uplist? I'd like your thoughts on the huge opportunity this is today.
TIA
so the ask is at .053 I guess its been slapped silly....
Bid Ask Last Traded Open Prev Close
0.05 0.053 2:27:55 PM EST 0.053 0.052
Day's Range 52-Wk Range Avg Volume EPS P/E
0.051 - 0.053 0.051 - 0.17 30,730 N/A N/A
Market Cap Outstanding Float Dividend / Yield Ex-Div Date
N/A N/A N/A N/A N/A
Short Interest Short % of Float Insider B/S Inst % Owned Exchange
N/A N/A N/A N/A OTCBB
Support 2 Support 1 Pivot Price Resistance 1 Resistance 2
$ 0.0497 $ 0.0503 $ 0.0517 $ 0.0523 $ 0.0537
I'll see if I can figure out how to do that. I am not the most Tech-Savvy guy..lol
EDIT: You may want to consider a series of analytics based on some basic metrics that are updated on a regular basis.
Things like market cap, expenses as a percent of revenues, sales broken down by turn and pipeline,trading liquidity, trading volume, gross profit margin vs similar companies and maybe a litigation update on a regular basis.
These can be displayed at the beginning of the board. It would be much more helpful than hype.
just saying
Your welcome. lemme kno if i can help.
hey Doggone, thanks for becoming the moderator. I know you will play fair, apply the rules of TOS in a balanced manner and everyone will be better off.
Happy to help in any way I can. You have read my posts and know that I have argued on both sides of the issue where it was merited.
Thanks and good luck!