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not sure I understand... but in case.. they have 5 bill authorized, that has not changed, i see approx 1 billion new shars in the float and no sort of notice or sec filing on ownership stake
outstanding now at 14,980,000 or pre split 2,996,000,000
if memory serves me, pre split we were at 2,005,000,000?
so variance is 991,000,000 you call it what you want
its an equity line underwritten with the company's treasury stock at a discount to market.
low side? i see almost 1 billion (pre-split)additional shares in the float. the balance sheet just got hammered more.
edit; in case no one noticed as per Bloomberg, current float is 14,980,000
that would be approximately 3,000,000,000 pre-split. Have approximately 800,000,000 plus pre split shares come into the float?
Earnings Past 12 Months N.A. Shares (Millions) 14.298
Quarter Est. EPS () N.A. Market Cap (Millions) 4.861
Quarter Est. EPS () N.A. Float (Millions) 14.298
Year Est. EPS () N.A. Return on Equity N.A.
Price/Earnings (Trailing) N.A. Short Interest 112.000
Relative P/E N.A. Last Dividend Reported N.A.
Earnings Growth Rate N.A. Dividend Yield (ttm) N.A.
Estimated P/E N.A. Relative Dividend Yield N.A.
todays volume is
20,980,000 pre split
maybe we think that the longer the wait the more the loss? perhaps lose all?
10K is probably the kiss of death, facilitators are already trying to cover it up. The sales will be horrific and the operating results will prob be in toilet as well.
unless they can show 1 Million plus is net sales they are toast.
This is not a technology company, with huge R&D costs. Its a simple didtribution & marketing company.
irony.... if one cant laugh at this what can one laugh at
bid has come up 5 cents, 30 to 35, ask has come down 25 cents 65 to 40. everything is looking good.
everything is looking good here at spaceballs command...
To Da Moon!...........the long way around.....
.00175 pre split... everything is looking good, got them right were we want them
actually with the new math, the asfx PPS may be up 33,000 percent
PPS of .49 is .00245 pre split
roughly 40% erosion since 200 / 1 Reverse Split.
here i your actual post, thanks again
luvgagolf Share Tuesday, March 22, 2011 9:51:19 AM
Re: sid07 post# 49738 Post # of 49855
We were up something like 28000% on 3000 shares bought yesterday. They are still getting everything worked out in the systems. Calm down. The ask is .60
actually if they did try to renogotiate the debt it would be a good thing, if they used their heads.
right niow the debt is unmanageable and no amount of rationalizing will help that.
EDIT:
THEY ALREADY ISSUIED THEMSELVES PREF SHARES, SUPER VOTING, SO THEY NO LONGER TALK TO THE SHAREHOLDERS ABOUT ANYTHING, THEY DO NOT HAVE TO
to clarify the R/S was 200:1
EDIT; Wilson, I cannot imagine anyone partnering with ASFXD unless they are the controlling party post partnering.
I hope you are right, but I just do not see it.
In my opinion, the only real value here is the public vehicle. If they did they would probably want it in BK and then pull it out hopefully preserving the shell.
could not agree with you more
I'd like to see the ASFX 8K. Interested if they just reversed the O/S and left preffered and A/S intact.
Are there now 5 BILLION authorized?
Will they change the Prefered to dividend yielding?
I just refuse to think that Dr T is the bad guy here. I still believe he was set up. He is now up to his neck in this mess and has personal funds involved. He is out of his element.
seems like the real price is in the mid 30's to low 40's
individual trade details
10:16:46 0.42 10850 OTO
10:16:30 0.35 1500 OTO
10:11:29 0.35 1200 OTO
09:51:36 0.50 5400 OTO
09:47:57 0.35 300 OTO
09:43:32 0.50 400 OTO
09:41:04 0.50 1000 OTO
09:40:06 0.55 500 OTO
09:37:23 0.55 350 OTO
09:36:31 0.30 491 OTO
09:30:16 0.30 150 OTO
a level 2 will tell you that
please provide a link to the 8k that everyone has seen
i assume that as a moderator here you are only posting factual information regarding ASFX
have you seen the 8k?
of course this post was after much of the NEWS of great stuff had occured
tytlyf Member Profile tytlyf Share Wednesday, February 16, 2011 2:30:43 PM
Re: PennyStockInvestor post# 49041 Post # of 49808
No RS foreseen in the near future. They just increased the AS from 2.5b to 5b. A $10mil equity line was immediately available after the AS increase. It was part of the conditions.
EDIT: WOW.....where is the volume? This is bizarre
BID IS AT THE PRE SPLIT EQUIVALENT OF .002
i thought they started shipping in 2nd qtr (sept)
so pipeline was in 4th qtr..should be huge sales numbers..pipeline is always the biggest ships
ooops correction
if item does well, 30 to 50 units a week, it will get into the stores, first a test panel, usually 150 to 300 stores in one region
then it will go division wide, then region wide and then national
ASFX UP 28000%?
if item does well, 3 to 5 units a week, it will get into the stores, first a test panel, usually 150 to 300 stores in one region
then it will go division wide, then region wide and then national
walmart.com is a long way from walmart
Hey Medman, fair enough, but in my opinion a reverse split under these circumstances (wherein the management has unilaterally usurped all shareholder power) I see nothing good or positive, but as you correctly stated, that is solely my opinion.
the bid has moved up slightly and the ask has dropped slightly
below are the trades today...
does not tell much other than raise an eyebrow when someone is willing to buy at signifiantly higher prices than previous trade in very small qtys
09:49:15 0.60 500 OTO
09:48:41 0.25 1000 OTO
09:42:16 0.25 100 OTO
RE-EDIT: if you look below at the trade detail from yesterday there was one trade and then after the close the same exact odd number of shares went back at .05 less. Maybe tmore maniopulation?
03/21 0.60 1935 OTO
03/21 0.65 1935 OTO
that being said, You may just want to step back at least for a couple of hours then make up your mind.
Make up your own kind. Don't let others influence you, at this stage go with your instincts. My guess is that anyone telling you that things are even remotely good has an agenda that may not marry up to yours.
Things are not good.
EDIT: Sorry but unless the company also specifically reversed the A/S we still have 5 billion other wise yes you do have 5 billion
We will see when the 8K comes out..... good night all!
Type 2 Reverse Split:
This is the more common type of reverse stock split in pharma investing. Basically it differs from the first type in only one way and it can be deceptive to inexperienced investors because they don’t know what will happen next. In this method a company will ask permission to reverse split the outstanding shares only, while either omitting any mention of the authorized shares (except for in the proxy materials) or noting that the reverse stock split will not change the number of authorized shares. An example of this can be found in a recent Sunesis filing: “The amendment would not change the number of authorized shares of common stock or preferred stock. Accordingly, the reverse stock split will have the effect of creating additional unreserved shares of our authorized common stock and preferred stock (filing here).”
So going back to our 10-1 reverse split example, if Company A has 100 shares outstanding and only 100 shares authorized and effects a reverse stock split under this method, the number of shares outstanding would now be 10 and the authorized shares would still be 100 (in the Sunesis example this the “effect of creating additional unreserved shares of our authorized common stock and preferred stock”).
So why is this bad news for shareholders? Well, think about it for a second, what can happen here is that the company can now issue more stock at will (or in the example another 90 shares), which will dilute your position in the company. For example, before the reverse split the outstanding shares represented 100% ownership of the company (100 outstanding shares out of 100 authorized shares), after the split though they only equal out to 10% ownership (10 shares out of a 100 in the authorized treasury possible to deliver). And if Management issues 10 more shares you are now diluted by more than half (because now someone else now own 10% of the outstanding shares as well, and if there is only 20 outstanding shares and you only own 10 of them that now only represents 50% of the company).
yep... = .00325 at pre split
good luck to you! maybe the stock will catch some wind.. that would be nice
Your post reflects an honest take on the situation. You are not telling people that all is good and this was a great move for the shareholders which it clearly is not.
My guess is that they only reversed the Outstanding Common. But we will see when the 8k hits.
The preffered does not really matter as it's Super Voting Stock.
There will never be a need to consult shareholders again unless the Capital Structure is revamped...I dont see that happening with the current control persons in place...
EDIT: Well no Big Great news or Super Good PR's so it'll probably be at the close that they publish the 8K.
That will be interesting to see. Broker tells me that re lack of volume; it's most likely people to see the details of the 8K.