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Chuck...
How many years ago was that? How much time has passed and we have not one more piece of actual data...
We are given the same information differently each quarter... Nothing really changes...
Not factually...
Come on... Really?
There is no excuse...
CW
I just don't believe any of you anymore...CW
It isn't data until we see it in writing in data format.
CW
That was about as anti-climatic as it gets...Gary had made mention this summer of October, October, October to have really good solid information to report...
More postponement...more waiting... More of the verbal blowing smoke up the back side...
Unbelievable...
Talks the talk
But in no way, shape or form
Walks the walk...
CW
Wow...Faber strikes again...
Be careful...
CW
Oh, thanks...
3 million or 300,000?
A few new court documents filed...Brokklands is merging with a third party and wants to settled quickly... Within ten days... But nothing that affects the common shareholders of ASFX
Oh, oops... i thought it was scheduled for 8:30 am...
Personally, I like that the conference call is in the morning. Other times they have held them late in the day on a Thursday...
You are welcome...
CW
Well for higher tiered shareholders who provided the up front funding, it is wonderful because it looks like they are going to get back some of their money. But for common shareholders like myself, I suspect it's over. Why would anyone consider turning a shell company with no product back to even chapter 11 when the deal Barmat worked out for the higher ups is working. It would make no sense to go through that for common shareholders. It was a high risk company whose owners did some illegal maneuvering and got for the most part away with it. As long as they keep making the payments that were stipulated in the settlement, there is no reason to think anything else will occur. It doesn't surprise me that they are making enough money now to make good on a $130,000 payment. It does surprise me they made the payment. I think I am at the giving up phase at the moment. I think it's a loss and that I will never see any of the money I put into this stock back. I just can't believe that when court documents support that what they did was illegal that there is no motivation to consequence them... Not even a slap on the hand from the legal system thereby passively encouraging them to do the same moves again at their earliest convenience.
CW
Brooklands made their first payment to the attorney... $130,000 within the allotted time frame...
CW
As if I can do anything else...
CW
So when does a symbol get moved off any of the boards... If we know it is in Chapter 7 and we no the settlement occurred... What is next?
CW
Maybe we will see Monday and wait to see what it brings...
CW
I am leery as the past few times we have had a rise like this it is usually before Lanza or Rabin sells shares... I would be more optimistic if this were backed with news.
CW
Who knows? All I know is as long as there's a symbol it's not dead yet… CW
The motion for the limited conditional settlement betweem Marc Barmat and Brooklands...
Sorry...i tried to copy and paste but only got jibberish...
The court granted the motion...
CW
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Is that what you believe or what you know?
CW
Oh I bet he is around chuckling to himself as he reads the board...
CW
No way...but I am not selling either...
Sounds like a few creditors objected to then settlement...
CW
Anyone know what happened at that meeting... Was it May 14?
CW
Thank you but no need to worry about me...I have everything I need... ASFX was to be a bonus...it's all good...
CW
I have seen a no bid before..can't get much lower than this I guess...
CW
Yep... He is going to settled and therefore let go of the bankruptcy case... Shareholders will be not get a thing from that... At least not a common shareholder like myself...
To realize that while also becoming aware of the CVS label was very disappointing to say the least. The company is where we hoped it would be as we looked to its future five years ago however we have been excluded...
CW
CVS has a label of the thermometer....
We were definitely screwed...
CW
I sent an email and got a quick response...
I asked Marc Barmat for an update and he repliedthat he was pursuing settlement with Brooklands and that the chapter 11 was unlikely at this time.
You arefree to contact him as well for verification.
CW
It might be over... I think they might be settling. No reason to pursue the Ch 11...
CW
Was it ever there?
CW
So have we had sales the last two days?
CW
Makemnt
My question was not about where thngs are right now or based on Chapter 7 staying in place...
My question was in regards to a couple ifs being in place...
I am sorry you have lost so much money...
I am fighting to hold onto the hope that this is not all in vain...
My dog, BTW, is doing fine. Her leg took two years to heal after her surgery but she's good now... I am glad now that we didn't do her other knee...she would be ten by the time she healed from that...
So, again...IF
the company converts...
If it goes back to where it was before the Ch 7
And if Brooklands has been selling product and the company is worth more now...
Would the DIP financing look different than would be typical in that shareholders would be able to keep their shares in the reorganization...
Thas all I am asking...
CW
If the company converts to Chapter 11 and it turns out that the Brooklands company is now worth more than ASFX was back when the bankruptcy occurred, do the common shareholders have a chance?
Of course this is all contingent on the conversion occurring and whether Roth has had any success selling product over the past year...
CW
Check with Howard...
(314) 266-7176
CW
Oh, I will hold onto my shares, thank you..
CW
I agree with you MC...
There has been no official word as to what happened at the conference...
So we cannot assume that the trustee has not gotten paid
Nor can we assume the conversion is not in the process of happening...
Just like we cant assume he did get paid and it is happening...
We just have to keep waiting in good ole' limbo land until someone decides its a good idea to make a public statement/PR...
But what we do know or what we can assume at least, and this is what I am going with because the alternative means game over....
Is that it's not dead yet...
There has been no announcement that its dead....
So I keep my hope...
CW
BTW...
Makeamint
Howard said he'd be happy to buy those shares... The 40 million at half price...
Give him a call...
Thanks
CW