seeing as how the bid is at .25 or .00125 at the pre split levels you may want to hang in there a bit.

FYI, I post good or bad, unfortunately with ASFX verifiable non-speculative facts are usually bad.

If I see something I will gladly post. However your definitive and absolute claim that SEC Laws control etc..was 100% incorrect.

Whther the 8K shows something different we will see.

When I make a mistake I correct and if called for, I apologize, ask winnotlose.

Regarding your post "Where are these CRAZY IDEAS of "the A/S could still be at 5 billion" and similar coming from??? Can anyone READ??? Does anyone know ANYTHING about SEC LAWS? In a R/S EVERYTHING gets split; contracts, treasury shares, issued shares, etc., etc. These claims of "there will be massive dilutions" are totally nonesense.


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).

Equities 101

In a R/S split the outstanding common are reversed, the Authorized shares are not affected unless the company specifically chooses to do so.

The Preferred are treated the exact same way.

FACTS are pesky things.

ASFX bid is at .25 and the ASFX ask is at $5.00.... lol
a serious company for serious investors.......

re-EDIT; no ones business, but lets just say I expected the shareholders would change management

I have now owned it for about 6 months.

No problem with Dr. T. He would be better served as Chairman, and get a real CEO in place. Roth should be removed as an officer or board member.

Dr. T appears to be a good man that is surrounded by sharks. I have always said the same thing, I hope the sharks dont screw him over.

Roth is the weakest link in the chain.

What's his educational background, name the companies he has run, the dates, name the brands, you cannot...no one can....

you find that acceptable? I do not.

it would be helpful if you would provide links or substantiation for your proclamations of "Monday will be the day"
Thank you

ECN, has nothing to do with the exchange or in the case of NASDAQ (which is not an exchange) the quotation systems

Please show where they have "CONTRIBUTED" $10.00 MUCH LESS $10,000,000.00

I am real curious as to what happens to the Southridge deal..Their deal allows them to buy shares at 0038 and no higher than 92% of matket. I have not seen the totality of the deal, so while I cannot imagine that they would not be rolled up as well, I am not quite the believer in the management's integrity that you seem. The CEO looks more and more every day as the dupe of some of the others.

when anyone posts a comment that is in any way critical or questions the company's actions there is an unbelievable barrage of attacks from the same predictable group of posters......reminds me of the reference to Queen Gertrude in Hamlet; "The lady doth protest too much, methinks".

In example, I have never seen a registrations statement or offering wherein the background of the number 2 guy isn't fully disclosed just a nebulous...lots of experience and great things. No mention of specific roles, company names, brand names, location of the various companies, dates of service, titles etc... just feels shady.

A big concern is what the company gave up to acquire his needle destruction device...and his personal package and equity position. It makes zero sense. this is a 35 year old that has made 300 million in sales or some BS number.... I just dont buy it. Every deal i have seen them do in their debt structuring or capital foemation, in my opinion lookes like it was done by a one-eyed third grader.

These folks fly all over the world to trade shows and conventions and special mtgs (like Bayer) this is expensive even for a real operating entity. Much less for a company that only has 30 days working capital and whose auditors have issued a "substantial doubt of going concern" opinion.

Who knows what is really going on, but they have structured this so that they do what they want without shareholders having any rights. No disclosure, no proxies, only official PR's are all about maybes... and zero disclosure on operating results... A lot of stuff is disseminated via, :" or via Facebook... that stuff just smell to me.

a company with less than 1 million in revenues they have lost around 12 million since Roth stepped in 4th qtr 09. This is not a bio tech company, a development company...it is a mundane distribution business with little if any development costs..

By the way, I m sure you can tell I am NOT a pink / penny regular.

i doubt it will get much above .45 if that, but still....... no where near .003

Wow 3 days in Las Vegas and a lot has happened...unfortunately all of it was predicted.

Sad but true Seabiscuit... this is not anywhere near good news....
I believe that Winnotlose is a serious man who does not play games best as I can tell. He may have gotten buffaloed along with many others...

The company did not do this because of a lack of response to PR's. That would be nonsensical under any circumstance.

Most likely this would be a plan that has long been in the works...

the Southridge situation is interesting. if they are not automatically rolled into the R/S with their .0038 strike price rolled up to .76 then its obvious that its a huge scam and anyone that has been telling people to buy more and hold has questions to answer.

This company is not going to the moon or anywhere near it.

I seriously doubt that the pps will get anywhere near .76. so thats what i will watch monday.

the company has been hiding behind facebook and has yet to issue any substantive PR that actually talks to PPS or sales or the 10k.

looks like sh....

are you really surprised? This is the most incompetent management you could hope for. Doc is out of his element and Roth is a kid.

when the ASFX pumpers are crowing about the fact that the stock did not close at a new low...(it did close at the existing 52 week low) you know we are screwed..that is what they have left to brag about.

Like the surgeon that brags that the patient didnt die on the operating table..but did expire in the recovery room.....

ASFX facilitators dont worry about the fact that the company is about to implode. They worry about conspiracies, who is really who, who has how many identities all which are incredibly stupid and silly attempts to distract from the disaster that is ASFX.

Of course If I was working for ASFX I would try to distract attention from the facts of the company, incompetent managers, the PPS dropping like a stone, the crushing of shareholders, the doubling of the A/S, the companies hiding the sales and profits (actually enormous losses), the likelihood that the company will lose the Tecnimed lawsuit, the fact that management is living high off the hog, flying around the world to conventions and boondoggles that bear no fruit

People can go on with the HAHAHAHAHAH's, heck if it gets them a check from Roth ...good for them..

all of the above are still the facts.

wow a sound logical post. I bitc...about management because it is incredibly inept and other here howl about how great they are.

I agree 1000% with your analysis.

I am new to pinks.

This is the only one I hold.

I got in it for a very particular reason.

Now I am learning. I bought at .0082 I have sold half of what i held.

Now Im just learning and ndoing what I can to make sure that the company people here have little succes in spreadin BS.

My losses are not toxic in my world.

Thanks. You gave me good insights.

shareholders no longer have a voice in ASFX. Management issued themselves super voting stock and left the shareholders at the station holding the bag.

If the management that has destroyed this PPS is the management going ofrward what will change?

Will they all of a sudden become competent?

Will they all of a sudden become ethical?

Will they all of a sudden put the interests of shareholders first like every other company?

Will the hype and pump squads all of a sudden abandon their tactics and stop blaming shareholders?

waiting for the daily BS ASFX trade to reflect an artificial price at close

ASFX needs new management, not new investors. People trying to suck in new investors are possibly looking to save their finanacial hides at the expense of new money.

I agree, my facts regarding ASFX are obvious as you say, I feel its worth publishing though.

this stock is collapsing, ASFX is imploding and no amount of nonsensical blabber and reposting old news will change that.
Smart investors will stay away. Those already in have to evaluate their personal positions. Can you afford a cataclysmic crash of the company? If So hang in for the entertainment value. If you cant then try to liquidate your position if you can. It may get difficult to liquidate if you wait much longer.

Please read my last post and understanding that all of my points are factual.. let me know your opinion.

I hold shares. I want it to do well. But I want management to be held accountable.

This is defined as bashing.

ASFX common stock reaches a new 52 week low,
the shareholders have been taken out of any role where they may have a voice in the comopaby's decisions.
Inept management
A mountain of debt under incredibly negative terms
Under the guillotine of a Fedral Lawsuit in which the controlling Judge has opined in his rulings that they will lose, blaming managemnt's own reckless actions.
Subject of a National Recall unrelated to product quality or defects.
management spending money they dont have to travel the globe.
Product profit margins that are approximatelly 60% of industry norms.
Management issues themselves preferred shares to crush the common shareholder's.
Management doubles O/S to dilute shareholder's by half or more.
Management hides sales and profit numbers from shareholders.
ANd yet some here see fit to caim that the company is doing great..
Can any self respecting, logical thinking investor buy into that line of thinking?

.0025 this week?

Win, you may want to wait a bit before buying more ASFX. It may be much cheaper. I wish you truly good luck with this. believe you really are a believer, I may not agree with you but I wish you good luck with it.

a new 52 week low, Everything is looking good.

I guess that within the next 2 hours someone will do a trade just to take the "BID" up a couple of notches... different day, same ASFX

All off the recent PR nonsense is designed to artificially maintain the share price before the K comes out, so that Southridge can get out the additional shares into the float before the numbers are published. All the negative stuff like the status of the litigation is being witheld so they can get the stock out. Which is why they used the Blank Check Preffered Clause in the Articles of Incorporation to slather themselves with Super Voting Stock and effectively taking the shareholders out of the equation. Why not a proxy and shareholder vote? To save money? riiiiight...how much has been wasted in attys fees with the Lawsuit and recall and the multitude of appeals?
What we are watching is a desperate attempt to flood the stock float. Dilution to the max.

I may not know pinks but I know manipulation when I see it. In my opinion all of the idiotic pumping and ignoring of the nightmare is part of this...

EDIT: get rid of roth, get a real number 2 with real experience to back up Doc. Stop all thew silly BS like playing games with a Federal Judge.
Focus on the business fundamentals...like selling here before you worry about the rest of the world, outsource assembly, renegotiate the debt. distance themselves from the Southridge's of the world. Get spending under control, stop Roth's world tour at shareholder expense. re-engineer the cost architecture so that your margins are what they need to be. Wipe out the Roth / NDD deal and recast as a royalty only / no FRONT-END equity deal with an equity kicker at certain milestones. Stop the BS pr's and focus on getting the measured metrics in line......
OF COURSE HERE THIS IS CALLED BASHING.

No, I think that its inevitable, save for some event as you describe.

A civil discourse here would be a positive but that is clearly not going to happen.

Hey Dog, I just looked at level II, I agree . There is a pattern that even I see. BTW, U think Southridge and ASFX and collaborating to get shares out?

Dont see many companies issueing PR because they got an order...
I just find it odd that they still have not issued a PR on recall and the subsequent Judge's mandate that they expand notification

EDIT: oh hell no. I probably acknowledge the ASFX reality as much as anyone.
I have read enough here and elsewhere to understand that there are some genuinely innocent / ignorant shareholders that have been sucked in by the hype and con games. I was as well to some degree. You prob hav figured that out early on. Now I just dont want to be a catalyst for what is probably the eventual end game here.

I am really pissed at the shameless hucksterism and shell games being played. When ever toxic events happen they release some nugget of news and pretend the toilets didnt explode spewing fecal matter all over the place.

My losses here are of my own making. My broker told me I was outta my mind to invest in a pink, then he researched the company and told me I was effen stupid........

We used to take turns buying lunch at a favorite French Bistro RUE 57 on 57th and 6th, now he tells me that if I can throw money away he doesn't need to pay.

By the way its a great spot, ever in NYC try it. Good French Food without breaking the bank.

But I still stay away fron the "B" word.

I agree that thinks look grim at best but I encourage you to measure the usage of the word "Bankruptcy". Its easy to have that show up on a search online, unfortunately since the logline is what shows up, someone can see "ASFX files for bankruptcy". Things look horrible but let's not push the car off the cliff.

well Grumpyfan, I DONT think you are lying about ASFX. I agree with what you wrote. I have said the same things about ASFX and have gotten many of the same responses.

Unfortunately all of the prommoting of this company results in no change in its real status. Every qtr we are told that the NEXT QTR is the BIG ONE.

All of the PR's about a door opening or a mouse squealing have not changed the prospects one iota.

Here we sit on the cusp of the 10K and while last year all we read was wait till the 4th qtr!! now we are hearing weeeelll its gonna be by the end of 2011.

By the way in spite of being told everything is ready I seriously doubt the K will be filed when due, I hope it is filed when due but I doubt it.

And when its filed, the hype will steer away from sales and profits and focus on the opportunity to sell non contact thermometers to an african pigmy tribe.

Thanks for posting real questions on ASFX looking for real answers.

Unfortunately you will not get any real answers just facebook camouflage and nonsensical blabber about to da moon or what ever. A federal Judge has openly stated in his opinion that management brought this on themselves and they will probably lose the lawsuit..
That is incredibly rare

The company has lost over 60% of its market cap and doubled its A/S since i invested.

I have defended those things i thought were defensible. I have always said management was a joke.

The role that Roth plays is hard for me to grasp. You cannot verify anything about hios background..just many companies and products and hundreds of millions of dollars.....

But if you say anything that is negative about this stuff, regardless how accurate and documented, you get a coordinated onslaught of attack postings that disregard reality.

Whatever ASFX paid for the NDD package was a lot more than $19.50. So the red ink that now washes all over ASFX and is destroying its shareholder's value is very very expensive.

very very quiet day for all of the ASFX fans...
is everyone at the county fair?

I am starting to come around to your view here. I have tried to be objective (not easy) and you have challenged me on multiple occesions. But this is over the top.

Let's see if Dr. T pull up his pants, mans up, sits Roth in a corner, tapes his mouth shut and takes control of this situation. His neck is on the line here, both legally and financially.