Married
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O, I am sorry but if someone has been consistently promoting American Scientific Resources on this board and elsewhere, saying that it was going to explode or go up etc..
And now those same folks are telling us that being raped is not such a bad thing because the company is so messed up that this is a good thing........
I think there is a conflict in those two positions regarding ASFX.
Either its great and we should all buy more, which has been the rallying cry here from the so called "Pumpers" for as long as I have been around,
Or it has been a disaster and a raping of the common investors as is the opinion of the so called "bashers". Cant be both or half of each.
the 8k points to the latter.
We needed to be pushing the company and be united, but they beat us to it. We should have been pressing management. We should not have allowed them to hide behind facebook.
This is what we got.
Welllllll.....Good Morning Dog and CFG, I am amazed. I am freakin stunned.
The company has basically declared war on the shareholders, has executed an end run and made sure they themselves have a soft landing and there are people still pumping, somehome spinning this into some sort of strategic wizardry on the part of management of ASFX. Kinda like congratulating the the guy that mugged you, on the design of his mask.
This is a basic, simple, classic crucnhing down of the non insiders, while surrounding themselves with people whose character and back ground has a lot to question.
No amount of spin will put lipstick on this pig, but they are trying hard. I have to give them style points.
Its too late now, but Im curious about the timing of events. We had been told last week that they were looking at a draft of an 8k, im wondering about the timeline and the SEC mandates on releasing this type of info.
Sorry O, this just looks like a set up deal, with little hope of actually bearing fruit. In my opinion, what we do not know here is much more relevant than what we do know. ASFX has quickly issued a release over this, obviously trying to get PR momentum, why are they not doing the same regarding their operating results and sales. It is illogical, It does not make sense. My opinion is that there is a whole lot we do not know.
RE-EDIT Sorry CFG, but I just looks like vapor to me. 10 million equity line when you have no equity to issue, is alot like circular logic.
Did the company or affiliated entities pay an investment banking fee? Any type of origination or referral fee? Was a consultancy fee or any financial or reportable obligation incurred.
Did any related parties receive any direct or indirect benefit arisisng out of the total relationship with New Equity provider?
Are the funds immediately available and if not what are the provisos for accessing the fund?
Before we go off singing the praises of a deal that is hard to fathom in the company's current financial status, lets try to understand what the deal is or is not.
EDIT: Hi CGF, Now my questions are about the $10mm "equity line".
If anyone has seen the document it would be good to know if the line is a line collateralized by the company's stock or other equity instrument.
If its the company's stock, then a Reverse Split is obvious. 10mm shares at .0045 is 2.2 billion shares.
If it is securitized it seems like a meaningless deal, the company has no assets.
Im sorry CFG, this just looks like hype, and a few hundred in legal fees to craft a document that would support a PR, which came out amazingly fast, so why cant we see sales and operating results estimates
I just dont get why people on here arent willing to push the company in the right direction. ASFX dopesnt need to be coddled, it needs to be driven to act in the shareholders best interest.
i agree that the products arent mind blowers but there is a hook here. Just no one at ASFX has grasped the opportunity. they have focused on creating an illusion. A classic example of the process becoming the purpose.
Dog, If all of the shareholders of ASFX united and went after the company to replace management and pursue a turn around strategy we could make a huge impact. Instead we let them hide behind farcebook.
This is a mundane distribution company, its not a technology company, its not a sexy forward leaning business.
Its a simple business, but managements has been too cute by half and their ineptitude is amazing
RE-RE-RE-RE-EDIT: If their broker isnt going to be there its a huge waste and will do much more harm than good. He will have no credibility with these players.
If their broker IS going to be there Roth should lay low and in the words of Hypocrates "First Do No Harm"
I worry about this because its a huge window that they are opening for customer questions, and much of what they will likely ask about Roth can't give a straight answer to.
like you said these folks didnt just fall off the turnip truck.
keep in mind that Tecnimed has likely sent copies of court opinion and order to every customer and the court order is toxic. It speaks to insolvency, the likely loss by ASFX in the lawsuit and some weak sales numbers ($28.5K per month)plus generally paint management in a less than glorious light.
This was most likely booked last fall, usually 3 to 6 months in advance as the ECRM shows sell out quickly. So no one anticipated this scenario when they committed. Dr T should be there.
good question..... I assume the answer will be definitive. Certainly wouldnt answer by saying he cant find that they paid it so the didnt.
Not after making such a definitive statement.
That would be a huge break for the company in the short term
CORRECTION: Actually CGF, ECRM is a great deal for vendor's. The trade has to see you and they are all in one place at one time. A very common practice, but the company still has to pay the fee of 12 to 16k.
Possibly ASFX broker is having a booth and they are letting their principals' share in the cost.
Very large companies go to ECRM's. I am not sure that its the best use of ASFX resources but thats a different discussion.
Regarding the laptops...we'll see how many get turned in...lol
institutional investors are pension funds, insurance companies, fund managers.
thanks, can you please lead me via a link to where in the S1A or other sec filing, it reflected.
its a great concept, a great deal for manufacturers as all of the Key buyers are there and they have to meet with you.
Charlie hauls in a lot of money. Started as one show 2 times a year, now its a huge cash cow. Retailers love it too. Lots of goodies.
This years cough and cold each visiting retailer gets a an Uber laptop that is pre loaded with all of their appointments and all sorts of free goodies.
So they all go home witha $3,000 laptiop, great golf, and crazy good meals and cocktail parties galore.
EDIT: Let me explain the way ECRM works (Actually ECRM Marketgate) The manufacturer pays a fee usually $12,000 to $16,000. I forgot to mention that the company also pays $500 per day per attendee to visit or be in the showroom floor.
The company that puts ECRM on, pays for all of the buyers to come to the event. Which is a really nice getaway by the way.
The retailers are obligated to meet with every manufacturer.This is usually done in the company's room which is set up as a presentation room or in some sort of booth environment.
So any retailer that goes to ECRM HAS to meet with every Manufacturer. Aint optional.
I have been to many of these as a vendor. It is a great event for the vendor's just for that reason. They have to meet with you.
I welcome the company or anyone here to show different.
Furthermore it highly unlikely that 81 customers are even there. Usually 20 to 30 and they each have 2 to 4 senior execs present.
So to say that 81 customers have REQUESTED to meet is simply false and highly misleading.
good one, that's actually pretty funny.
thanks
I needed a grin today. Weather in NYC is getting to me.
so your facts are all rumors or events yet to happen...ok, i got it
i own 2.5 mill shares, why would I not want it to move?
I just refuse to lie to people and make up stuff.
This company is in deep deep trouble and all of the nonsensical blabber is not helpful.. Instead we should all be putting on pressure for a management change and stock givebacks for the needle destructor.
To winnotlose:
I owe you a public apology. I read the Terms of Service and I did stray. I will make sure I do not in the future.
I believe in doing what is right. An apology is owed.
This does not mean that I don't feel strongly about my position. No one pays me to be here. I challenge anyone to prove different.
I personally believe that this is a company that is in its death throes and innocent people are getting sucked in and will be hurt.
I see it as incredibly mismanaged and ill served enterprise by its leadership.
I see nothing in their professional backgrounds and accomplishments that merits shareholder support.
I hope that you accept this apology in the spirit with which it was offered.
"We have incurred net losses since our inception. We have incurred net
losses applicable to common shareholders of $4,787,637 and $1,935,779
for the nine months ended September 30, 2010 and 2009, respectively,
and $3,424,851 and $6,406,954 for the fiscal years ended December 31,
2009 and 2008, respectively. As of September 30, 2010, we have an
accumulated deficit of $24,819,261 and a shareholders’ deficit of
$4,200,399. We currently have sufficient cash to sustain our
operations for a period of approximately one month. We will require
additional funds through the receipt of conventional sources of
capital or through future sales of our common stock, until such time
as our revenues are sufficient to meet our cost structure, and
ultimately achieve profitable operations. Management estimates that it
will need $1,000,000 over the next twelve months, and $3,000,000 to
fund all of the Company’s current product development and marketing
projects, including $1,000,000 to fund marketing programs for the Kidz-
Med Non-contact 5-in-1 thermometer. There is no assurance we will be
successful in raising additional capital or achieving profitable
operations. Furthermore, the large number of shares available from the
selling stockholder pursuant to the prospectus and the depressive
effect of the availability of such shares could make it difficult for
us to raise funds from other sources. Wherever possible, our board of
directors will attempt to use non-cash consideration to satisfy
obligations. In many instances, we believe that the non-cash
consideration will consist of restricted shares of our common stock.
These actions will result in dilution of the ownership interests of
existing stockholders and may further dilute common stock book value,
and that dilution may be material.
ok, Winnitlose, as per your request of 36 days ago,(see below) I have once again marked your post Can you PLEASE elucidate for the benefit of the unwashed?
IS IT SOON YET
winnotlose Member Profile winnotlose Share Tuesday, December 28, 2010 1:54:01 PM
Re: doggone post# 48018 Post # of 48630
Over a penny soon, mark this post, look at recent trading pattern.
please tell us what recent activities you are referencing here about ASFX?
re sales and shipments
ship 10k units over 4 months at $19 revenue(generous)
recall 4k units
net of 6k units x $19 = $114k total sold through
$114k divided by 4 months equals $28.5 k per month
the rest of your analysis is speculative at best.
That is what Judges do, they render opinions and orders. He looks at the facts presented and renders an opinion. If he cites the plaintiff's likelyhood of succes, and you choose to view that as an obtuse statement without any merit or not being indicative of the state of affairs, thats your call.
I personally happen to believe that when a Judge says "looks like you're gonna lose, so I'm granting this injunction", It means that is what he sees.
Re Loss ck S1, lost 4 million in 9 months ended Sept 30, 2010
Re Insolvency, that is in the S1, 1 month's cash. He cited the company's own SEC filing.
Accountant boilerplate is a curious way to describe such a Toxic opinion, because that it what it is, they issue an opinion.
DIDNT THINK SO...........NOT A SINGLE TAKER?
I WILL SELL YOU 2,500,000 AT .0082, WANNA BUY THEM
RIGHT NOW BIG TIME....
EDIT: Below are a series of items; they are cormmonly reffered to as facts. Damned pesky little things that they are.
The products have been pulled off the market by a federal judge.
The judge cites the plaintiff's likelyhood of succes in the lawsuit.
The judge also cites the likelihood of asfx insolvency.
they sold an average of 28,000 a month.
they have lost an average of approx $500,000 a month
by the way these are ASFX's own numbers as stated in the CEO's own sworn testimony.
they now have a $130,000 headache imposed by a federal judge.
can you please POST some FACTS of your own?
soooooo the stock is going to soar because?
i welcome your showing me 1 single post that i have made that was not 100% accurate
Thats great, can you explain that so we are all as enlightened as you?
How is it going up? Why is it going up?
Winnotlose. Please respond sir, Arnold would never shirk the questions. Please Sir. Would you respond to our questions?
In case you missed them;
1. Where are your assitants and why?
2. What reasons do or did you have for promoting the stock of ASFX?
3. What is the trading pattern that your investing acumen spotted that we missed.
Thank you
ITS AN OPPORTUNITY CFG, ALL THAT CASH WAS TAKING UP WAREHOUSE SPACE.
So, now they can scale back.
Buy more!!!!!!!!
MAJOR RE-RE-RE-EDIT: ok, Winnitlose, as per your request of 35 days ago,(see below) I marked your post Can you PLEASE elucidate for the benefit of the unwashed?
IS IT SOON YET
winnotlose Member Profile winnotlose Share Tuesday, December 28, 2010 1:54:01 PM
Re: doggone post# 48018 Post # of 48630
Over a penny soon, mark this post, look at recent trading pattern.
Winnotlose, can you please respond? As our Moderator I would really appreciate your participation.
Thanks
Actually no. I have a very focused interest in his support for and his attendant activities regarding ASFX. He has been so aggressive, going so far as publicly posting on here that negative posts and bankruptcy discussion would not be tolerated, that I just have to hear from him regarding ASFX. I am sure his insights are terrific and we are all entitled to the same publicly available information that I must have missed.
WINNOTLOSE, WE WOULD LIKE AN EXPLANATION AS TO WHY YOUR OTHER ASSISTANTS ARE NO LONGER LISTED. IF YOU DON NOT ANSWER I WILL HAVE TO ASK THE ADMIN. THANK YOU
Hello TYTLYF, Why is it going up and up and up? Can you please give me 1 sound business rationale or metric that justifies your claim.
I hope and trust that you are not here trying to manipulate the stock price and lure people into buying shares? Are you working for anyone that has an interest in the share price? This is a direct question.
I would reeally like to hear your reasons, as well as Ga Golf and Winnotlose's supporting fact base for all of your assurances to investors that this (ASFX) is a sound investment and they should put money into it.
It is a great opportunity for yourselves to state your case. I am all eyes. I would be happy to hold and if you give me your assurances one more time, that this a a guaranteed winner, as you have posted on numerous occasions I may buy more shares. I am sure others would like to see your supporting facts.
CFG & Dog, Thought it was interesting when I looked at the past PR's. It seems that when a "Good PR" is justified the PR is out immediately, go check the SEC order to have the S1 be effective.
Check the FDA approved facility announcement.
I am wondering why its taking so long (way past 96 hour criteria) on the Federal Court Ordered National Recall. I understand that this recall is fabulous news and it will lead us to the Holy Grail. Why is it taking so long?
Not even a Facebook mention of this wonderful opportunity to have such a good dialogue with their customers. All 5 of them.
After all if the product is physically in 1,000 stores(ASFX's #) I would think they could call each manager directly. CVS has over 6000 stores, Rite Aid has over 3,000. Target has 1300+. I guess we missed the announcement that probably 75% of their business is drop ship. No risk for the retailers and high cost for the company.
Jan 26---Kidz-Med Inc. recalls Non Contact THERMOMETERS
Manufacturer: -See Below-
Product: Medicals
Start Date: 2011-01-26 End Date: 2011-02-26
Tecnimed, announced today that the United States District Court for the Southern District of New York has issued an injunction against Kidz-Med, Inc./American Scientific Resources ("Kidz-Med") related to the sale of Kidz-Med's new thermometer.
Last fall, Tecnimed discovered that Kidz-Med, Tecnimed's former U.S. distributor, was marketing a non-contact thermometer in packaging remarkably similar to that of Tecnimed's Thermofocus(R) thermometer.
Tecnimed responded by filing a complaint against Kidz-Med in the United States District Court for the Southern District of New York, asking the Court to enjoin Kidz-Med from continuing to sell its thermometer in the similar packaging. The Court granted Tecnimed's request, ordering that Kidz-Med/ASR stop selling the Kidz-Med non-contact thermometer using its current packaging, and requiring Kidz-Med to notify retailers that the thermometer has been recalled and instructing each retailer to immediately return all products to Kidz-Med. The lawsuit continues, with Tecnimed seeking damages arising from Kidz-Med's sale of product with infringing packaging.
Tecnimed is the manufacturer of the world's first non-contact body temperature thermometer, the Thermofocus®, which permits a parent to take a child's temperature without disturbing the child. The success of the legal action in New York sends a strong message that Tecnimed is fully prepared to protect the uniqueness of its non-contact thermometer.
Please direct any questions regarding this lawsuit to Tecnimed's lead counsel, Tony Miele of Miele Law Group P.C. and Jennifer Furey of Cooley Manion Jones LLP.
CFG, have you heard anything? I have but since I can't confirm it I will hold off.
you mean an accidentral resignation, or a resignation related accident?
Do those dozens of companies doing 300 million a year need more attention?
were are the pumpers? they usually have the answers.
Well whatever it is, t's sure to drive the PPS TO THE MOON!
Lets hope.
Investopedia explains 8-K
Examples of events reported on an 8-K include acquisition, bankruptcy, resignation of directors, or a change in the fiscal year. Also known as Form 8k.
why will price soar, please give me legitimate reasons, I explain my positions. Would you mind explaining yours?