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Hilarious, especially the use of "nypd" and "fbi". A normal Americian would use "NYPD" and "FBI".
Amazing, but it sounds like a RUSSIAN.
I think "60 Minutes" did a show on this type of BS. Its illegal and I think the "FBI/police officer" guy is serving 5-10 now.
Maybe he's KGB, and old habits are hard to break.
He's a Full-Time employee there. I called several times.
How do you think he pays personal bills. His mortgage company isn't taking ASFX Stock.
Call Him
The people in control of ASFX have one more MASSIVE Pump Mint. The reality of it will be HILARIOUS, but it will APPEAR to be "OMG to Da Moon".
Its the Creditors last SHOT at saving their azzes. Investors will lose Millions on this final Pump.
A Ring-side seat to this entertainment. LODE will be the next project.
From Day One, the DOC Knew EXACTLY what was going down.
Here's a good question Mint/Dog.
Have IR clearly show the net effect to "net income" on the latest $785,000 NP deal. The simple cost of this "one-time" funding is outragious, but it was necessary to keep alive the Chinese factory.
Team Roth is running out of options, and what I think is funny as hell, is Rothey is thinking that being "honest" with shareholders NOW, will change investors minds and new capital will start rolling in the door.
Its Hilarious
BTW Mint, the 10,000th Mom PR was the signal to get out. Bet on the Pumpers, not the Company. For example, check out Faber's Comstock Mining INC. Its a perfect PINKIE situation.
BTW I'm only allowed One post per day
EDIT "The Company believes that Mr. Faber's experience in capital raising and financial planning will help the Company develop its business strategies and thus will be a valuable addition to the Board."
Wow, a major conflict of interest.
IMHO, I find this just amazing. Mr Faber doesn't have a clue as to the role of the Audit Committee. "Independence" is the KEY.
He'll be involved in the Company's financial planning, and then he's going to be providing auditing oversite on himself. Hilarious, to say the least.
But the net result of Mr Faber's appearance, is the total ASFX rejection by "Wall Street". This funding source has dried up.
Now Mr Faber will lead a last-ditch effort to get bank financing, and then provide auditing services on himself. Too funny.
Realizing ASFX is Currently losing $1 Million Dollars a Month is a FACT, and is very disheartening for all investors who believed all the "half-truths" concerning trip reports and photos; emails from certain "insiders"; and misleading PRs from the Company.
The 10,000th Mom PR was a Hilarious example, in which the Contest was pumped, but the fact that the Company had yet to sell 10,000 Units at retail, was completly ignored. That was the time to sell, not hold. The PPS was about $1.50 at the time.
A Careful read of the SEC filings told the whole story, yet these filings are still not discussed in depth on these forums. And for good reason, because that Balance Sheet is Bankrupt.
Listen and follow anyone you want, but at least read the filings. To do it right, it'll take maybe 10 hours. One should ask also a very simple question!!!! Who the heck is Jason Roth, where did he come from and his COMPLETE professional background.
Its only YOUR CASH!!!!!!!!!!!!
Record setting YTD 2011 Losses of $6 Million, and the "No 10Q Extension" is now the "BIG DEAL".
So Weak!!!!!!!!!!!!!
And these losses are FACT
Like the "10,000th MOM" PR, this PR was a signal to the "insiders" that ASFX is in "Da Crapper".
The new $785,000 Noteholders are "cashing and running" as soon as the AR cash hits the their Bank Account. Thats right ASFX Fans, "their Bank Account", not the ASFX Bank Account. These Shylocks have liens on everything.
Hilarious Wilson!!!!!!!!!!!!!!
Almost as funny as the "Cup and Handle".
How much has TEAM Roth lost since he took over Wilson????????
About 18 Million Buckergroos. What a JOKE
The lunch Q&A. With a little "song and dance" on the side.
$48,500
Thats its OVER!!!!!!!!!!!!!!!!!
Better wait Wilson. This Bankrupt Balance Sheet and "no cash flow" isn't going away real SOON.
Would hate to see you lose all your CASH.
But I do know the reason. AND ITS NOT GOOD.
CASH PLAYS
Its not working Wilson!!! No one believes you. To little, to late.
And simple proof of this is the change in lawyers. Lawyers resigning at this stage is not good, 19th Wave or whatever.
After carrying the SEC filings from Dec 2009, why suddenly would the lawyers just get up and walk. Only one logical reason Wilson, ITS OVER.
Looks like the audience is wondering "where the hell is the Bartender???", and not paying attention to the DOC. The Empty Tables are a nice touch too.
OBI and Wilson are the BEST!!!!!!!!!!!!!!!!!
Keep up the good work Wilson!!!!!!!!!!!! You're Amazing
Very poor DD Dog. Granite and their Management Team are HUGE bagholders. A simple reading of the SEC filings would provide you with this info.
Someone's IRA account is getting hammered.
And Granite is a serious Bagholder Now. And all that wasted time and effort. Kiss that IRA Goodbye.
Roth resigned, and ASFX had to move out of his other Companies' headquarters in OHIO. Roth and his partners are done, and the 2009 contract is "null and void".
We now have the "New and Improved" 8 Supermen.
The FL Gang WON.
There are several issues here, that would require a seperate 8k. But none have been filed. One thing is for sure, ASFX doesn't give a hoot about SEC rules and regulations. The 35 days to file a 8k for the 200-1 RS is a perfect example.
In my humble opinion, an excellent investment!!!!!!!!!!
Sorry OBI!!!! But Dr C's words tomorrow will mean 1000 times more than your charts. Just like in 2009. And the SEC will be listening, along with every securities fraud attorney in NYC.
Do you actually think he will mislead investors. He couldn't control Goldin's attorneys with the release of the 200-1 RS, which had the related 8K late by almost 30 days.
He's going to be covering his own azz, just like he did in the Oct 2009 CC. His "words" will conrol the PPS, not your charts.
In 2009 ASFX had new Management Team, new ideas, new products, new Investment Banker and HOPE.
And its been a dismal Failure.
All they have in 2011 is $10 million in losses from this new Management Team, No ideas (except the 200-1 RS), same old BS Products ($2 million Auditor Write Down, no less), Lawsuits and absolutely NO CHANCE to recover.
Comparing 2011 to 2009 is a litte WEAK. Thats why "The Vapor" is such a cool term for this comparison of 2009 vs 2011.
For example, WHY did ASFX wait so long to file the required 8K on the 200-1 RS?????
Going to $6-7!!!! With no cash, no sales and no profits.
Looks like the 8 investors control everything now OBI. And the current ASFX shareholders have no idea who they are at the moment, what their plans are and why the need for all the liens.
Sounds like these 8 guys don't trust current ASFX Management.
Why would shareholders trust them????????????
It is funny as hell. Just Bagholders passing shares back and forth to generate interest, so they can somehow breakeven.
OBI you're betting on this guy from the latest 10Q,
"On February 23, 2011, we issued Barrett Alexander 36,000 shares of common stock for investor relation services."
and a creditor Bagholder from Granite. Both are Losers Big time.
No one believes them. Why????? No one Trusts them.
Everyone sees "THE VAPOR". (And the Bankrupt Balance Sheet, And the Chinese problems, AND NO Cash, No Sales, No Profit). Its really very simple, its all "smoke and mirrors". Same thing happened at SPNG.
Why do they need "Barrett Alexander", while the Chinese "dropped-kicked" them?????????????? Because Barrett is "The Vapor", and thats what its all about now.
I just love reading the latest adventures of Dan and Garrett in the SEC Filings. Always nice to read about their financial dealings with ASFX Management, and their services rendered to Roth.
What I can't understand is why Roth is paying them a "dime", because they're completely useless.
The financial problems with their China operations is much more pressing. Yet Dan and Garrett keep getting paid for doing virtually NOTHING. Its all about getting ASFX's product to market, and these guys do absolutely nothing in regard to that goal.
But maybe thats not the GOAL, and the consumer is not the #1 issue. Maybe its Roth's and Concorde Capital's Investment banking deal. Yeah, I think thats "THE TICKET". Who cares about sales of Products!!!! Selling shares is much more important to Concorde Capital and Mr Roth. Thats where the serious "BONUS" Cash is, not product sales.
You do realize that Roth and Concorde Capital are business partners/associates. Yet no one knows a thing about either one of them, much less their private agreement between each other. 15% on paper, but what's he real deal between the both of them. No one knows for sure.
No one trades this stock. Its just individuals controlling both sides of the trade, to make it look like there's action. Its just back and forth, less the commission.
Same thing happened at SPNG, which was a Total Fraud.
Dan the Man and Garrett are working hard, but PPS is down 98%.
There is no hope for this Company unless Dan and Garrett can convince "newbies" this Balance Sheet is NOT Bankrupt. ASFX is paying an effective annual interest rate of almost 100% on the total Liabilities. Its insane to make any kind of play on this stock.
Unless, of course, you like VAPOR. (Nice one Mint)
The Truth will set you free!!!!!!!!!!!!!!!!!!!
Soooooooooo, who exactly is Jason Roth?????????????????
All legal, but Roth's deal is complete and utter FRAUD. Just simple "fuel for the Pumpers". The SEC should start an Investigation. "Patient Impairment" is a Huge JOKE
These Auditors should be SHOT!!!!!!!!!!!!!!!!!!
Sweet Deal Roth!!!!!!!!!!!!!!!!!!
JMHO, as always
And you can add, "You can't cheat an Honest Man!" Simple Greed, runs the whole operation.
Howard was the "Front Man" for the Russian Concorde Capital.
Its very simple. Goldin needs more time to DUMP shares.
Looks like Lanktree is "Holding the Bag".
The 2010 Net Loss will be $8,125,145. Include the 2009 4th Qtr Net Loss, of $2 Million Plus and the 1st Qtr 2011 estimated Net Loss of another $2 Million Plus; and Team Roth has lost over $12 Million Buckaroos since his hiring.
He should be FIRED. He is the REASON for the RS.
Team Roth has FAILED, Big Time.
Its Roth, and no one else. He's to blame. Thats why he never left is previous position at SM, and his other business ventures. He's not full-time, as disclosed by the CEO in the SEC filings. The CEO is the only full-time officer.
His main concern is the "printing press", and thats where he makes some serious CASH. So start Buying more Shares, so he can retire.
The ASFX Creditors want their Cash. ASFX has no Cash. So to solve this problem, ASFX Management has to raise cash via dilution, and pay the long overdue Creditors.
Only One Problem, finding Investors willing to buy into the DILUTION and a failing business model.
The 10K is due in about 7 days, and ASFX has a Net Loss of about $8,125,148. The first Qtr appears to be a major disaster and the ASFX lawyers need to sign-off on the 10K disclosure regarding the lawsuits.
No Big Deal I guess, but why in the world would anyone BUY without seeing the 2010 10K first, reviewing Management's "Forward Looking" analysis, and the current lawsuit situation.
Maybe a NUT (shill) would, but not a wise investor.
Mint, the .0038 is meaningless. It was an assumed priced, used in an example. Read page 6 of the S-1 (2/14/11).
And BTW the deal is completely off the table. The 8k will explain it fully, tomorrow or early Tuesday. This 8k will just kill this stock, along with the 10k.
Managements explanation, in the 10K, of 1st Qtr 2011 expected revenue will just bury this stock. $.14 (.0007 times 200) by 1st Qtr 2011 10Q.
Expect Roth to be fired, with Marc his replacement. Then a move to FL to gear-up for Sept pipeline. Total Fluff, but thats all they have for at least 6 months.
Wall Street will not touch ASFX until Roth's background is explained in FULL, along with his business partners/associates. He has to go. His 15% partner does not want the exposure, and will demand he be fired or he submit a resignation letter.
JMHO but ASFX is totally Bankrupt. Evidence of this is the CEO's warning to the shareholders, the independent Auditors opinion and, most importantly, the Sept 2010 Balance Sheet.
NO one will buy into this Balance Sheet. NO ONE, and you can take that to the BANK.
Activities outside the Company are nothing but COMPLETE and UTTER FRAUD. Death threats and all, including the "SHORTS" and "Da Moon".
EDIT ASFX Management have already annouced 2010 numbers. And with the recall, its a total disaster.
$8,128,145 NET LOSS, maybe as much as $10,000,000, for 2010.
EDIT - 4th Qtr revenue is $180,000 to $220,000, per management.
PPS is down 98% since Sept 2009
Now the real question Grumpy is, "What investor will buy into this Bankrupt Balance Sheet, without first seeing how the Creditors will be handled?"
The smartest thing the Creditors could do right now is take a "haircut" on the outragious interest rates (40%) charged ASFX during the last 18 months.
NO ONE is buying this Balance Sheet. NO ONE!!!!!!!!!!!!!!!!!