edit: not much going on, the moon launch must be coming for sure.
It really is sad that some who just didn't know better got screwed.
I don't have much hope, but I would like to see it make it somehow, but it looks real ugly from here.

edit: I guess this means a big bump is coming in the share price. This is now becoming a free fall.

I believe this is also an adverse disclosable material event.

I am waiting for the PR on the Court Ordered National Recall. That spin should be curious.

We are way past the 96 hour window, by a week...........

Ouch!

why, what sound business reasons do you have for saying that.

thank you

how do you know he's an ASFX associate?

edit: I particularly love the ones that say

"YOUR NOT GETTING MY SHARES"

Actually thats what I do, I go around hijacking unsuspecting investors of a stock that has all this good stuff going for it.

Yepper thats what I do. lurk around at night and wrestle away share certficates for ASFX.

In high school i always hoped that I could get the ugliest girl in school to go to the prom with me.

I truly am LMAO as I type this.

they dont speak to any of the issues, they just babble on about going to the moon and contracts and whatever else...its amazing
if ASFX were an emergency room patient, they be looking for a nice toe tag...... here they see a Federal Judge opine of this horror show and what they worry about iS if you or Dog or I are getting paid. I know I am not but lets say yes we all are getting three thousand dollars a post each. By the way even the notion that someone / anyone would be willing to spend 30 cents to influence ASFX is crazy...but for arguments' sake lets say yes....SOOOOOO WHAAAAT, THE DAMN SHIP IS SINKING DUDE, WHO CARES WHY? Looking for why we do what we do aint gonna save the ship.

THE FIREMEN USUALLY WORRY ABOUT THE FIRE. AFTER THEY PUT IT OUT THEEENNNNN THEY WORRY ABOUT WHO STARTED IT.

yea you do

actually the Judge is the Judge and he sits on the Federal Bench in NY and he has spoken

EDIT:i thot that the ohio mother ship / plant was just FDA approved and that this was the single greatest event that mankind has ever experienced other than the immaculate conception

gotta tell ya CFG its 30 degrees here. cloudy and lite snow. weather sucks today so this is good entertainment.

no i understand clearly that a sale occurs not when they ship but when they invoice or collect on a consignment,

in my world consignements were sales with a contigent liabilty of return which had to have an offsetting reserve

Yes I do actually, per word...no wait..per letter actually,
and I'm splitting it with CFG...aaaaand Doggone....and of course I'm sure you have by now decided that the US District Court Judge for The Southern District of New York Sate, that ordered a National Recall and the same guy that discussed the company's ability to continue as a going concern as opined by the comapny's Auditors, (yea that is actually the Auditor's opinion, not some required legaleze)and the same Judge that took notice of the company's own admission of imminent insolvency. Yea that guy, since I'm sure that you believe that a judge will endanger a "for Life Presidential appointment" (yea all fedreral judges are appointed by presidents and it is for life) to bash ASFX

look em up hera ya go

Judge's order January 18th, 2011

S8 filing January 20th, 2011

Manadatory Public Disclosure of a material adverse envent..,none

Keep in mind that in his opinion and order the Judge comments on Page 17 that there is a likelihood of Tecnimed prevailing on the Bad Faith claim against ASFX.

On page 31 the Judge further opines that Tecnimed has demosntrated its likelihood of prevailing on the suit's claim of infirngement and suffering irreparable harm.

Additionally the Judge on page 23 has took judicial noticce as to the Auditors Substantial Doubt of a Going Concern Opinion, which ASFX disclosed in its S1 filing.


So the Judge orders an injunction and orders a recall of all the 4000 pieces the Dr. said would be involved in his estimate.

Again 12,000 units were shipped between September and December. if they are accurate in their estimation of 4000 units in the float, that means that 8,000 units were sold thru in 4 months or 2000 a month at $19 per at wholesale, even if you assume that they offered no discounts or other purchase incentives the generated $152k in 4 months or $38k permonth in revenues. Now, if some or much of this inventory is on consignment then they have the issue of no revenue and now incurring $130k in expenses associated with the Court Ordered recall.

Sometime ago I posted that if they had to take goods back from a failed consignment or insufficient sell thru the cost of the process including the retailers imposed fees it would likely be a negative net cash flow. Others on here laughed at my "SPECULATION" and my experience to know that this could happen..Well in this document its clearly stated that $95k is the anticipated cost of this wild speculation. This is as per Dr. Chris' own testimony. So $95k divided by 4,000 units is $23.75 per unit hard cost or a likely net net transactional loss of $4.00 per unit plus the cost of refitting ($ estimated by Dr Chris at $35k).

And this assumes that they gave the trade no purchase incentive....yea right.

I forgot the Federal Judge for the Southern District in New York is a paid basher.

You may not like what we say, please show me where we are wrong in tangible quantifiable ways.

we're holding A federal cort ordered national recall recall and 3 specific comment by judge on a grim future, what's in your hand a pair of 3's?

EDIT: I hadn't even thought about the exposure on the price floor covenant to Gols arising out of the S1

This is a huge plie of stuff thats all blowing up at the same time. Their notes are in default or at least a bunch of them are, maybe all.

They did a poor job of negotiating when they had some wiggle room, now its going to be a blood bath.

I would be surprised if the creditors did not demand that management be fired or leave and leave their equity behind.

Even let the Disintegrator go if you have to to rid yourself of Roth, cheap at the price if that happens

If i'm not mistaken they just signed a 2 or 3 year lease in Ohio?
There had been a disclosure about moving to Florida, which made no sense logistically, but I thought the new lease in the FDA approved facillity in Ohio trumped that.

ha

Its funny as all hell.

I could not have imagined that even here, a national recall would be met with all of this wild exuberance

I ahve laughed so damn hard, but its still sad for the dupes

I hope the Doc doesnt end up in a legal mess. Right now he is wearing this by himself whether he realizes it or not

This is dead, to the moon, and all the other hysterical and desperate attempts are ok for laughs, but some innocent people are going to get hurt because of the asinine antics on here.

The house burnt tio the ground, hey aint that great? Now we dont have to vaccum Saturday.

EDIT: its a rocket ship I tell ya! straight to the moon...

sad but true, its a like a fish gasping to breathe on a dock

truth is I hate to see this

I dont work for anyone. I had actually decided to cut back my attention here, but the city just got 17 inches of new snow and this is the most interesting thing happenning indoors[url][/url][tag]insert-text-here[/tag]

Sorry CFG, you know that I have been even handed when possible,
but this is now beyond the tipping point, that does not mean that this board or similar venues wont try to keep it alive for their own reasons, but from a business perspective, in my opinion whcih is based on industry experience they have run out of practicable opportunities.

There are too too many critters in the Whack-a-Mole game.

I fear that Doc T has been screwed.

He got some really bad advise an now he's the Bag holder in Chief.

Hey it only cost me $2500 I got that back in laughs.

if they don't make a material event notice soon, their problems could escalate out of control

19 is their list selling price
then they discount off that

their cost is in the 8 to 10 range and they appear to be discounting about 5 to 7 dollars off 19

if a retailer reduces retail by $5 dollars they expect manufacturer to make up the $5. A new vendor has no hope of the retailer reducing his "money in the till"

so... 19 - 9 cost is 10 less - 6 discount dollars net rev appears to be 4 bucks..on promo units, less bokers commission of about 10% on the 19 bucks is another $2 if they sell for full margin they will see about 8 or 9 bucks

CFG, management has a strong head start and the wind at their backs........

they made a meticulous list of things that can destroy the business and screw the shareholders...lemme see here........yeppers
they have already been able to check most of the items off, plus a couple of write ins..lets see....Get Federal Judiciary to order a national recall..yep they checked that one off too...

So i'd say we'd best be lookin for that brick to stick under the chart

EDIT:was Roth not the assembly and packaging guru in charge at the Chagrin Falls, Global Manufacturing Mega Facility?

Geeez Im sorry he must have been running his many businesses that are doing $300 million a year...duh what was I thinking.

Y'ALL MAY WANT TO CONSIDER PUTTIN DOWN
THE CRACK PIPE!!

Y'ALL HAVE FUN NOW........!!

AND IF WE PUT A BRICK UNDER THE LOWER RIGHT HAND CORNER OF THE CHART WE WILL HAVE A FABULOUS YEAR

actually this is quite entertaining here in your cesspool as you call it,

Its kinda llike the contortionist in the circus side show

watching the pumpers find a way to position disaster and implosion as an investement opportunity

EDIT: SORRY CFG BUT I THINK THAT IT IS CONSIGNMENT SINCE THEY NEVER ACCESSED THEIR 3MILL PO CREDIT LINE....CFG, its not 12,000 sales, its 12000 shipments, Im not even sure the 4000 iunit number is correct. How much of this was consignment, how are they gona cover the $24. per unit recall expense and $8.75 per unit repackaging expense (35K divided by 4000 units)thats $32.75 per unit in just recall expenses. Tack on approx $10 cost and your at $42 to $44 per unit in true hard cost for a $19 sale that will likely have discounts in the $5 to $7 range. Being generous they will lose $30 bucks a unit.

So we now have the company upside down to the tune of $120,000
on 4000 units, that's if they find a buyer for them.

ASFX to the cosmic galactic netheryond....

or in your words ...buy more!!!!

I find it highly amusing that for people that laugh at how "WE" are not being paid attention to, spend so much time and energy trying to discredit the truth and the facts that are the reality of ASFX.

If this is "Not Paying Attention" I would hate to see what "Paying Attention" looks like.

Maybe if you spent half as much time looking at the reality of the company that you spend beating back the facts you might look at your "Tactics" differently.

Please, don't give me so much credit. It's not a challenge to find problems in this company. This is a nightmare scenario to 10th power. Insolvency, driven by ineptitude and managed by incompetency.

Unfortunately there are probably a lot of people that are going to be hurt here, and some that cannot afford to lose their money but may have been misled by the type of fantastical hyperbole that permeates this board.

I hope that those that have engaged in a continuos pattern of whitewashing and worse can live with the damage they may have caused to unknowing dupes.

This is most likely over, in my humble opinion, however I truly hope they somehow survive and the shareholders remove these clowns and put in a real management team that can somehow salvage this horror show.

I appreciate your acknowledgement of my right to be here and post my thoughts and opinions. Usually you are telling me to leave.

I am here for my own reasons. which by the way, are none of your business, nor anyone elses. I have posted civil, rational comments based on actual business metrics and practical realities.

The chickens have come home to roost. The company management's incompetence and reckless behaviour has now caught up to them in the way of a Federal Court ordered National Recall.

Maybe if folks here focused their attention on real business issues and management abilities, and worried less about hyperbole and nonsensical blabber like "to the moon on the space shuttle ASFX", we would all be looking at a different scenario.

The packaging issue has not been resolved. As an assitant on this board you should try to make sure your facts are accurate. Your incorrect. The CEO states in his declaration in Dec of 2010 that it will require recalling about 4,000 units to modify.

As per the company, the recall will cost about $95k in retailer related fees. Things like administrative charges for pulling off the shelf. Maybe you remember when I said that having to pull the product for poor sales etc would result in these kinds of fees, and you scoffed at my wild speculation and lack of knowledge and of course my experience in running businesses? By the way I always enjoy your comentary on my background, even more so when I see how much you know about this whole area.

Well in a way you were correct. I never anticipated that a Federal Court ordered National Recall due to the company's reckless behaviour and total mismanagement would be the trigger for the trade pulling the product off the shelves. This is a new one, even for me. Management has taken recklessness and incompetence to a whole new level.

And then there are the direct costs of $35k in printing and repackaging. If the problem has been corrected why are necessary remedial printing costs being discussed by the CEO as recently as 5 weeks ago. You should get your facts straight.

for the benefit of a pink stock rookie, can you please explain what all of this personal stuff has anything to do with the reality of ASFX numbers and issues?

EDIT:S8 is for the Employee Stock Incentive Plan
[url][/url][tag]insert-text-here[/tag]

well if the valuation has to be written down or off, I think either is possible, does he return the shares or pro rata portion?

Where the hell is BOD? How can they possibly justyfy not disclosing the Court Order. Remember in his opinion the Judge states that the possibility of Tecnimed prevailing is likely

Court order is dated January 18th, 2011. Absolutely correct date.

The S8 is dated January 20th, 2011. They were fully aware of the court order when they filed the S8.

CFG, It would seem that this Court Ordered National Recall would require a restatement of 2010. Not that they have published results. Im not GAAP literate, but having possibly and knowingly acted in Bad Faith at the time the goods were shipped or invoiced may trigger such a restatement or perhaps a significant footnote.

Can you enlighten me here.

you simply don't get it Dog, this is a huge gift from the Gods. They now have inventory to sell that they dont have to assemble or import or finance, I hope that the units aren't hypothecated via factoring or PO financing. That will be a clustermess.

They in my opinion will have a tough time getting back in, the attys for the retailers will demand copies of the recall order. Standard proceedure. When they see the language and they read into going concern, bad faith and tecnimed's likelihood of prevailing language, it will be a tough road to hoe, that being said if they in fact do get back in its a sign of real interest by the trade. However when you do the math the sell-through makes that unlikely in my opinion.

In retrospect all of the "placements" may have been other retailers and e-tailers simply listing an item they could sub from a CVS.com or Amazon.com etc...

MAJOR SUPER EDIT:

Judge's order January 18th, 2011

S8 filing January 20th, 2011

Manadatory Public Disclosure of a material adverse envent..,none

Keep in mind that in his opinion and order the Judge comments on Page 17 that there is a likelihood of Tecnimed prevailing on the Bad Faith claim against ASFX.

On page 31 the Judge further opines that Tecnimed has demosntrated its likelihood of prevailing on the suit's claim of infirngement and suffering irreparable harm.

Additionally the Judge on page 23 has taken in to account the Auditors Substantial Doubt of a Going Concern Opinion, which ASFX disclosed in its S1 filing.

So the Judge orders an injunction and orders a recall of all the 4000 pieces the Dr. said would be involved in his estimate.

Again 12,000 units were shipped between September and December. if they are accurate in their estimation of 4000 units in the float, that means that 8,000 units were sold thru in 4 months or 2000 a month at $19 per at wholesale, even if you assume that they offered no discounts or other purchase incentives the generated $152k in 4 months or $38k permonth in revenues. Now, if some or much of this inventory is on consignment then they have the issue of no revenue and now incurring $130k in expenses associated with the Court Ordered recall.

Sometime ago I posted that if they had to take goods back from a failed consignment or insufficient sell thru the cost of the process including the retailers imposed fees it would likely be a negative net cash flow. Others on here laughed at my "SPECULATION" and my experience to know that this could happen..Well in this document its clearly stated that $95k is the anticipated cost of this wild speculation. This is as per Dr. Chris' own testimony. So $95k divided by 4,000 units is $23.75 per unit hard cost or a likely net net transactional loss of $4.00 per unit plus the cost of refitting ($ estimated by Dr Chris at $35k).

And this assumes that they gave the trade no purchase incentive....yea right.

Buy more CFG