Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I think any news on a possible contract will be released alongside the Premier Guitar feature, whenever that is due out. JMO though.
watch the 100 share trades. they're looking for shares.
at least ARCA is off the Ask and up at 15 for the moment.
you should call the TA for the float. posting an inaccurate or unproven "estimate" is irresponsible IMO
the company hasn't issued any new cd's in over 3 years. so to say they are using them as a crutch, is not exactly true or honest about what is going on.
the company is ASII trading as ASVN
it's been back up there for a few months now. still not really that many shares for the sub-penny stock market though.
Shares issued & outstanding - 1,379,407,800 as of April 16th, 2008
as the K said, a number of orders were held over or moved to production in '08 for the 1st quarter. It should be interesting to see what they come up with. I think the next think to see is how the negotiate the note extension, terms, and when it comes due. It began I guess at the beginning of the month, so hopefully they have something to report in that respect sooner rather than later.
all I said was if you don't like this company, what is your reason for being here? obviously you are paid to be here. nuff said. you're on iggie
then why are you here? leave the board if you have nothing to offer.
emotion in investing isn't a good thing. you do your DD and roll the dice. this is still supremely undervalued at these levels IMO.
Year Ended December 31, 2007 Compared to Year Ended December 31, 2006
Revenues for the year ended December 31, 2007 of $4,367,941 decreased $160,592 or 3.55% from the year ended December 31, 2006. ASII generates its revenues through software licenses, hardware, post customer support arrangements and other services. CGM-AST generates its revenue through the manufacturer and distributor of indicative and barrier security seals, security tapes and related packaging security systems, protective security products for palletized cargo, physical security systems for tractors, trailers and containers as well as a number of highly specialized authentication products. The decrease revenue is attributed to the loss of a salesperson for part of the year 2007 and an increase in open orders at the end of the year that were scheduled for production in 2008.
Cost of revenue for the year ended December 31, 2007 was $1,185,313, a decrease of $113,657 or 8.75% from the prior year. Cost of revenue sold as a percentage of revenue for the year ended December 31, 2007 was 27% of total revenues, versus 29% the year earlier.
Operating expenses increased $208,943 or 7.6% during the year ended December 31, 2007 versus the year ended December 31, 2006. This increase was primarily attributable moving the headquarters to Farmingdale New Jersey, an increased spending on Investor Relations and a one time write-down of obsolete inventory totaling $150,000.
General and Administrative expenses for the year ended December 31, 2007 were $2,312,089 versus $2,175,852 for the prior year for an increase of $136,237 or 6%. This increase was primarily attributable moving the headquarters to Farmingdale New Jersey an increased spending on Investor Relations and a one time write-down of obsolete inventory totaling $150,000.
Sales and Marketing expenses for the year ended December 31, 2007 were $541,587 versus $463,544 for the prior year for an increase of $78,043 or 17%. This increase was primarily attributable to the company increasing its advertising budget, increase in presence at trade events which in turn increased travel expenses, and instituting a commission program for sales personal and the reclassification of some expense from general and administrative.
Research and development for the year ended December 31, 2007 was $101,687 compared to $107,024 for the same period prior year for a decrease of $5,337 or 5%. This decrease is attributable to controls on spending.
The net (loss) for ASII increased 274% or $(11,915,663) for the year ended December 31, 2007 to $(16,265,544) from $(4,349,881) for the year ended December 31, 2006. This was due to the items discussed above.
Net cash provided by operating activities for the year ended December 31, 2007 and 2006 was $74,963 and $129,511 respectively. The decrease in cash provided by operating activities in the year ended December 31, 2007 of $(54,548) was due in part to expenditures for infrastructure necessary to move the headquarters to Farmingdale, New Jersey.
Net cash used in investing activities was $(73,054) and $(20,603) for the years ended December 31, 2007 and 2006, respectively. The increase in cash used in investing activities in the year ended December 31, 2007 of $(52,451) was due in part to purchase equipment for the new headquarters in Farmingdale, New Jersey.
Net cash (used in) financing activities was $(8,000) and $(12,000) for the years ended December 31, 2007 and 2006, respectively.
well that 14 million in volume came out of nowhere it seems.
Etrade has shown the Ask @ 2 all week.
I dunno what's going on around here...
no trades tho
Neither Etrade or Schwab will fill at 1. call their traders. anyone that is telling you otherwise is lying IMO.
i'm saying retail trades are not happening at 1 for everyday people.
k - you guys aren't being honest. MM's aren't filling this @ 1 in retail trading. Anybody that has a standing order in for it knows that.
Do your own DD and invest only what you can afford to lose. Listen to and trust nobody but yourself and your own research.
NT-10K filed.
"The Company’s Quarterly Report on Form 10-KSB for the fiscal year ended December 31, 2007 cannot be filed within the prescribed time period because the Company was negotiating with the wholly owned subsidiary to extend the note payment."
a solid day of buys @ 2
year end filing and some kind of news as (at the very least) relates to that should be out this week I would think.
still waitin' for the year end report. should be out end of this month, last year it was out on 4/2
if you guys don't believe in the company, than why are you here? I don't get it....
the low volume would suggest they are simply a place holder at this point IMO
hello....waitin' for the year end report.
of course I've averaged down....it's how the penny game is played when you get in @ higher prices. Although I bought in to this @ 1 or 2 last time as well.
I still think with the right news this will move. It is extremely undervalued at these levels -- even with just over 1bln shares out.
this company hasn't issued any new shares directly, and no cd's in 3 years. shares that are out are conversions of old debt.
the last quarterly report was in November. they are current and continue to file EVERY single time.
Shares issued & outstanding - 1,148,463,400 as of March 11th, 2008
ppl are waiting for the year end financials which will be filed and released once they have been audited. if you don't want to be here, don't be. simple as that.
*rolls eyes* time and patience will prevail here. Just look at the pattern over the last two weeks. huge volume early in the week to get volume alerts and bring in traders...low volume the rest of the week. Once it's ready and accumulated and the cd's have stopped (at least for now) this will start to reposition to an appropriate pps (all IMO of course)
now that I can agree with. lol
it's not realized. theoretically you haven't lost anything yet. you've merely seen a depreciation, depending on where you bought....
there are no lossses until you sell
of course there are chances...IMO
very strange trading today, especially following Monday's volume.
there aren't billions outstanding here. there may be ONE billion shares out, which even for penny/sub-penny stocks isn't all that much compared with the fact they have solid products, solid revenues, and are growing year over year. it continues to trade lower, with less shares and more revenue than other sub-penny companies with more O/S and no real products to speak of.
All IMO.
yes....USXP with even more than that went to .08 or some ridiculous #. They have a new IR & PR firm to raise awareness of the company, they've uplisted, they're fully reporting AND profitable. It's all in the filings if people would just take the time to read them.
stop the absurdity. many MANY sub-penny stocks pop with well over a billion shares outstanding. The fact is, this company is fully reporting, recently up-listed to the OTCBB from the pinks, has increasing revenues, and no CD issuances in the past 3 years. They are profitable EBITA wise.
Everyone needs to do their own DD before investing. There are obviously people here bashing this stock for their own purposes. Everything I have stated is FACT not supposition.
Invest *ONLY AFTER* doing your own DD on a stock...never listen to anyone except your own research.