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Ah yes "tones of faith", the stock says otherwise though..can't say I'm surprised by this drop..added a few here today, my gut says they have little revenue this qtr and cash may become an issue. mkt seems to suspect this also I feel. problem is where is the bottom..no good action, some early volume but then died..was hoping for more volume..
agree Yanqui except, they do need to be reminded about shareholders, we are part owners of this company. they are drawing good salaries to run the company and that includes keeping us informed and to maximize shareholder value. So even though their interest are aligned with ours, they still have duties to us
well EMI, I agree about Spangenberg being onboard, a great thing. but this is such a great mkt for stocks, and to watch this die a slow death is not good. I've been nibbling down here to add back to my position and hope we get some good news to turn this around. good mkts dont' last forever and so what will this stock do in a bad mkt..$1.50 again? they have a lot of irons in the fire, they need to make something happen. no momo here. the stock is not just flat, it's dying..
well it appears the only ones who don't cae about the share price are the company insiders. if they did care they would make more of an effort to keep everyone informed as to whats going on.
I agree somewhat Redbull and I am also a longtime investor here. markets are very forward looking as to share price, many stocks will report good earnings but lower guidance and get punished and vice versa. here the future and outlook is well known and with high upside but the stock does not reflect it or thinks it is too iffy or distant to count on, imo. the lack of info/communication from the company contributes greatly to the poor share price, imo.
yes yanquitrader, its all well and good on paper but the mkt does not see it that way at the present so now we are in the 2.60's and looking weak. We can't even hold $3 much less your valuation.
yes, really hard to figure a value here..is it a $1.50 stock or $3-4 one. no news or pr's, just dead for now..seems to be stuck $2.60-2.80
That price action today is what I was worried would happen, but I missed the buy..maybe tomorrow, it just trades so thin, very illiquid to trade..
my question is, with no recent settlement pr's does that mean its possible they have little or no revenue this qtr?
Very nice future looking patents , with electric cars being more and more likely, lets hope they can turn it into money.
Agree Jalase, weird trading lately..But you cant blame sellers for selling since this stock has been going flat to down since july, except for the spike to 3.40's which was sold down quickly.. Other better places for that money since the co. has put out no info or pr's to support the stock. today 2.98 to 2.80. Investors get bored with it and move on. I have only 1/3 of shares left but I will rebuy if it continues to go lower..jmo
Just got an email for a proxy vote for the shareholders annual meeting on 9/28. looks like they want to issue shares for something at a 25% discount Stock has been pretty quiet after the 3.40 run..I only have 1/3 of my shares left, hoping to see it drop a lil more, maybe 2.50-2.60 area to buy back. I am worried about cash burn and lack of info, the stock just seems to drift down after every pop..
Agree completely EMI, that's why I think they need to conserve company cash. as far as mgt buying personal shares that would be a great sign and idea, but they don't seem interested in that at this point. But it would be very helpful and positive for the stock..
Do we really want them to use what cash they have to buyback stock ? risking then to get into a cash crunch? there are only about 15-16 mil shares out which is already a small amount, with the stock already trading very thin. if they had 30-50 mil in cash maybe you could make that point but they said they have only about 7 mil or so in cash, which is not that much..jmo
Long time investor here, have quite a bit of shares. Been a buyer today buying back shares I sold from Tuesday pop. This is a difficult stock to trade but with patience it is doable. I trade about half of my shares on a sell spikes and buy drops idea. was hoping for 2.70's today but didn't get that far so bought 2.80s..love the company and have a high confidence in management. thanks for all posters here, a lot of good info from posters and no name calling or bickering which is a great thing. hoping to see this back to $4-5/share and maybe higher..GLTA
They want to be able to sell up to 12 million shares and raise no more than $35 mil during the next year. shares would be sold at a 25% discount to mkt price..
Not picking a fight with you Ceo, just responding to ur post. you said "Glad u sold out now be gone". Also, they can't possibly be one of the "largest hotel broker/buyers in the country" when they do 1 or 2 deals a year and can't pay their bills without a loan from Frank..I actually do have shares but not worth much at this price..
well, glad to see you know so much..kinda like you know they are going to uplist, when Frank has not said that publicly, so you must have insider info, and kinda like you know if I buy or sell shares..which you don't..hurts your credibility..don't you think?
Good for you Ceo..we can all dream..
yes, they are out but no one cares and nothing to see there..why they are a public company is a mystery. maybe once they had big ideas but no more..
Agree, also if they are really planning to uplist then they should PR that and let us know. it may be they need new blood to run this company or take it private. The Frank has an obligation to shareholders as a public company and I don't see him doing much to meet it.
New deal!
come on guys, lets talk it up! 1st news in quite a while
CEO, are you the buyer that's sits on the bid at .025?
CEO, thanks much for the info. I agree it would not take much for the stock to jump, just like the 2 runs above .20. A reverse merger would be the obvious catalyst given his china connections. Or maybe a large joint venture. I still don't get the BOD resigning, including his sons. What was the point of that and what does it mean. Does ASAP have to have a BOD to operate? many questions, little info..
CEO, and just what is that plan? do you mean to merge and uplist? How would you know this?
Traderfan, how do you know they were fired? The 8-k says they resigned..big difference
Traderfan, maybe that is why Frank delayed reporting..My question is why did they all step down?
CEO..I just looked at their website, it has ben updated and looks good. However, they did 2 deals in 2015 and none in 2016, so I don't know about your statement "they are doing deals all the time". also how are they paying their staff of 13 and all other expenses plus trying to uplist, as you say. I doubt they meet any financial requirements to qualify.
Thanks much. So his sons were blocking Frank's ideas? What about the other BOD? why did they all leave and have they been replaced? Has ASAP done any deals in the last year?
I see, well that's pretty vague. to me..Do the sons still work there? I thought after all the BOD left in December that they just gave up and the co was finished. I don't see any business being done so the question is what is Frank doing? is he the only employee?
CEO you said "Management said patience uplist and merger should happen. Let's see how that plays out."
I have never seen that or heard it, can you tell me how you know that? very interesting if true, thanks!
yes, just saw the 10q...I did not see the statement about expanding, maybe you could point it out for us..so what is your opinion of the 10q?
Starting to wonder if this company is still in business. just looked at their website and it shows nothing for 2015 for news or info. Looks like no updates this year..Not a good way to run a public company.
ceo, that was real helpful! thanks for the update..
and what makes you think that?
remember its a "hidden" gem..key word "hidden".. crappy CEO and no updates, news or info..
I wonder why we now have 2 moderators on a stock that very seldom trades and has few posters and little activity..
well I don't expect much out of it anyway..the only bright spot is them actually buying their own hotels, like the Tech center, but then they don't talk or Pr about it and so the stock gets no traction..just plain stupid on Franks part..
isn't the 10q due out sometime? or Frank did you forget? wake up Sir! last one was out Nov 14 I think, that would make this one due out last month..or maybe frank is going to bring out 2 next time to save money.? maybe..just skip this one for fun..Hey Frank, you there? any news? anything happening? any reports due out? any deals going on you forgot about? Frank?
well traderfan, then why does the company not do what you said "the company needs to create more demand, more hype and more awareness how cheap this company is"..Is Frank stupid, or does he just not care or does he not understand what it means to be the ceo of a public company?