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MM.. have you met Howard?
CW
Between my crystal ball, my 8 ball and my tin foil hat, I have to say no.
CW
Parallel Processes
Here is my worry. The company has been a very small fish in a pool of very big fish. They have been working very hard on their research and have made some unbelievable breakthroughs. These breakthroughs could potentially benefit so many people suffering.
From the conference call, it seemed clear to me that GR wants the "small time investors" to move aside to make room for the "big money." He was a half step away from stating that 45000 investors at $5000 each are just getting in the way of the company going "big." For the record, I only have $14000 in this stock so that makes me one of those annoying, in-the-way people to which he referred. One of those annoying people who have been touting great things about this company to everyone I know...l rich and poor alike.
But, here is the concern I have. If GR will push the little guy aside (snuff them right out) for the sake of big money, will the company only offer their treatments to the guys with money? In a world of parallel processes, this would be an accurate interpretation. That this "small company wanna-gonna-be-big..." is falling into the greed trap right before my eyes.
I don't care about a R/S. What I care about is what GR said in regards to how the R/S would help the company... by getting rid of the small investors to make room for bigger money. That to me means they won't bother giving this treatment to the "common" person... they would only be interested it giving to people who can offer top dollar for it. Money is what they want and they will use this science to get it. Kind of profiling by definition of money.
Nobody can hope more than I that I am wrong. I really hope that this is not where Dr. Lanza is as well but it seems clear that this is where GR is.
CW
Financials will be troublesome for anyone who isn't really ontop of this company. Anything short of a signed JV will be so because they have no income and are spending money on the trials monthly.
I think they are doing things this way so that people can absorb the "worst" of it tonight and sleep on it without being able to rush into a reactive sell that they might think twice about once they hear the conference call.
Then, the conference call will contain some good stuff that people can take with them as they make trading decisions tomorrow.
They can put the two together over the weekend.
CW
I have a little more faith in the company and their strategy. I think there is a reason they are releasing financials after close today and having a conference call a half hour before open tomorrow.
CW
Well, sometimes I am too stubborn for my own good.
I will not sell...
I will to go down with the ship...
And, I definitely won't quit my day job because I will never be able to make a living or even a decent profit from my "instincts" about penny stocks. The only one I have left pretty much is ACTC.
I have alot of faith in that one...
I have nothing left to say about ASFX mostly because there is nothing left to say.
CW
If jason and faber have identified themselves as the "purchasers" aren't they also accepting that debt? They aren't disolving the debt. They are both the seller and the purchaser.
On February 23, 2012, American Scientific Resources, Incorporated, a Nevada corporation (the “Company”), entered into an asset purchase agreement (the “Asset Purchase Agreement”) with American Scientific Resources, Inc., a Delaware corporation (the “Purchaser”). Pursuant to the Asset Purchase Agreement, the Company sold certain receivables and certain intellectual property to the Purchaser for a purchase price consisting of (i) $50,000 cash advanced at closing and (ii) a royalty for up to five years from the date of closing equal to 5% of the Purchaser’s net revenues less returns less direct costs and joint marketing money up to a maximum of $4,000,000. Royalty payments will be remitted on the 15th day of each month 75 days in arrears for each calendar month.
Robert Faber, the Company’s President and Chief Executive Officer and Chairman of the board of directors, and Jason Roth, the Company’s Senior Vice President and Director of Business Development and a director, are officers and directors of the Purchaser. The transaction was approved by a majority of the disinterested members of the Company’s board of directors pursuant to Section 78.140 of the Nevada Revised Statutes.
They are moving it around but not saying they won't pay it...at least not at this time.
That's how I see it though I know I am no expert at reading financials...
CW
Can they submit their financials without a CFO or an attourney?
CW
This is just ducky...
Friggin' crap company...
No integrity what-so-ever...
http://www.marketwire.com/press-release/tecnimed-prevails-on-appeal-second-circuit-court-appeals-affirms-preliminary-injunction-1621852.htm
CW
Right... who wouldn't feel the right to be critical of a man who with his team might has the brillance and drive to be responsible for possibly the redefinition of medical treatment as we know it...?
I tell you who does not feel that right...
I...
I do not feel that I have that right or that desire...
CW
The company identified that will be on the 24th of January and that the time until the article is released in a journal can be measured only in weeks which meant one to three weeks from last Tuesday, I think. maybe it was Monday. Whenever they gave the corporate update...
CW
And the future has arrived...
CW
I would welcome that drop if it were true because it would give a person like me one more chance to buy... evey penny counts.
CW
Can a stock be on the OTC BB and be a "pink" at the same time or is it an either or situation. You keep referring to ASFX as a PINKY but I thought it disqualified itself as such when they got the uplist?
CW
Could do anything... questions is... WILL it? And if so, when...
CW
RainMaker,
Love that photo of the horse, rider and rain... beautiful
CW
You are mistaken...
I have full faith in Howard Taylor and am so glad he is now a more active participant in this company. He had nothing to do with the downward spiral and tried desparately to stop it. Now, we shall see what happens... but I trust his judgment and and action he takes... hoorah!
I am so happy about this decision...
Dog, MM... speak to him and have a conversation before you judge him and throw around your insults...
CW
Thanks...
Happy New Year's to all...
CW
A little birdie with a British accent, eh MM?
CW
So what's the range you see this going to?
CW
Just remember...
This is one day...
It still has a looong way to go before it makes up for the loss created by the R/S.
How can you be so sure this was not a pump today/dump tomorrow type of thing?
I want to be optomistic but also a realist...
CW
A/S is 500,000,000 not 2.5 billion... they did a 10 to 1 to reduce the A/S and a 1:200 R/S
There are approx 51 millions shares outstanding at this point...
CW
me too...
CW
My guess, MM is that because Jason is all about sales and getting the product the door that he is not the reason that sales are lower than expected. I would have to assume that Triotta had something to do with holding back the sales...
That's all...
CW
I think it's great that he has a past affiliation with a waste management company. Perhaps there will be a budding relationship for the NDD there. Who knows...? I just hope they can get the ball rolling now.
CW
and the restriction that came with him...
CW
What if he resigns next?
What if he jumps ship?
CW
We heard different things... At first there was a female but when she got to the part of confirming the number, there came Dr. T's voice confirming it was his message box...
CW
OK I called and left a message asking about what his plans are to get the company share price back on it's feet.
CW
I have no reason to doubt his ability as a medical professional but based on the share-price, I have about 100,000 reasons to doubt his ability to run a company successfully.
But, I am not business "guru" so I can't bring myself to confront him...
CW
I got it about 9 months ago from I don't remember why and I haven't tried it because I haven't a clear purpose for calling him that is worth taking him from his medical work. I wouldn't know what to ask him at this point. I would just want to yell at him about how he has let this shareprice fall so much...I don't want to sound like a ranting lunatic to him so I just am waiting until I have clear questions to which I will understand his answers...
CW
I have Dr. Triotta's cell number...
(305) 494-7817
That's all I have... I haven't used it to confirm that it is in fact his number but I believe it is...
CW
I qualify as a "stuck holder" on this one... at least until it dies completely or revitalizes itself. I stopped making excuses and let go of my dreams regarding this company, don't worry. C was talking about "Russian connection" like it was a bad thing so now that that is gone, I was thinking maybe things would be different... probably not, though.
CW[/url][tag]insert-text-here[/tag]
Maybe Reznik was the problem and now that he has left (and perhaps with strong suggestion) ASR will be able to be more forthright about things... they kept using a lawyer as the reason for not releasing PRs... maybe they are ready to do things a different way now...
CW
Resnik resigned.
The company filed an 8-K regarding it.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001114605&owner=exclude&count=40
CW
My point is that I dont know where they fit with that rule someone was talking about with regards to having to file exactly on time... Three strikes you are out... Do they get a thirty day grace period or not...
Wll they file their financials today or.not...
They have already concretely broken their word by not having it in by yesterday... What does it matter now...
W
Tip: When an OTCBB company fails to file its reports on time, the FINRA will add a fifth letter "E" to its four-letter stock symbol. The company then has 30 days to file with the SEC or 60 days to file with its banking or insurance regulator. If it's still delinquent after the grace period, the company will be removed from the OTCBB.
Which Companies Don't Have to File Reports With the SEC?
Smaller companies — those with less than $10 million in assets — generally do not have to file reports with the SEC. But some smaller companies, including microcap companies, may choose voluntarily to register their securities with the SEC. As described above, companies that register with the SEC must also file quarterly, annual, and other reports.
From the SEC webpage...
CW
Will they release it Friday, Sunday or Monday?
CW
When was their first late? I thought this was their first... not their second...
CW