I can lead a horse to water, but I can't make him drink !
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TOUCAN: What are your personal near-term targets.
ILNS, is going to 0.06 - 0.074c Level near-term.
http://stockcharts.com/h-sc/ui?s=ILNS&p=D&yr=0&mn=6&dy=0&id=p65396029085
Armani: If it closes above 0.022c, on good volume, that would be "impulsive", and that's very significant, and would mean tomorrow could be a very strong "IMPULSE" move-up, as well.
We're looking for a move above 0.019c !!!
http://stockcharts.com/h-sc/ui?s=ILNS&p=D&yr=0&mn=6&dy=0&id=p76140578588
They're taking it at 0.018c
Armani: Let's keep our eyes peeled for a move above 0.019c.
ANY move above there is very significant, as that level is a "Key Resistance Level".
If it can do that on big volume, a follow through day higher than that is what I would want to see, again on big volume.
This could climb any day this week, IMO.
RSI, and MFI are very strong right now.
Daily Chart:
http://stockcharts.com/h-sc/ui?s=ILNS&p=D&yr=1&mn=0&dy=0&id=p10495731413
TOUCAN: Right ON !!!
Personally, I pay very close attention to "gaps".
I notice, a lot of times, they do get filled.
Some open gaps take longer than others to fill, but, for the most part, eventually they get filled.
Take as an example, one of my favorites, which many on this board are familiar with.
QSGIQ Weekly Chart:
http://stockcharts.com/h-sc/ui?s=QSGIQ&p=W&yr=2&mn=0&dy=0&id=p69191539784
Notice, that the gap at 2nd week of February 2009, did get filled, even though it took 18 months for it to happen this past August.
ASYTQ, should have no problem filling its open gap from the 3rd week in April 2009. Coincidentally, we are sitting at 18 months from that date. That's eery, isn't it?
ASYTQ Weekly Chart:
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=W&yr=2&mn=0&dy=0&id=p75506573543
Also, one final note here.
Technically these two charts share a striking similariy if you consider their price patterns.
From the 0.67c April 2009 pivot of ASYTQ, down to the 0.003c low in the last week of December 2009, I count a 5-wave correction phase price structure, followed by an A,B,C counter trend rally up to the 0.046c high pivot in February 2010, and again followed by an A,B,C Down, or if you prefer, another 5-wave correction phase price structure, down into the Aug./Sept. bottom at 0.002c
Founder77: I like what I see here today.
Excellent DD on the part of TOUCAN, HDOGTX, yourself, and others.
Technically, ASYTQ is set up perfectly for a strong bounce IMO.
We have a very good looking A,B,C Down correction from the 0.046c Feb. Pivot, and the stock fell below its Long-term Support of 0.003c in Dec. 2009
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=W&yr=3&mn=0&dy=0&id=p41967125125
I guess we now have the PACER Filing that we all want to see, to confirm, along with info that the creditors are being accomodated.
These ALL, are certainly positives that will move this stock up !!!
Dan Scouler, Managing Principal, was appointed Liquidating Trustee of the Asyst Technologies Liquidation Trust pursuant to a Chapter 11 liquidation plan confirmed on February 3, 2010 in the Northern District of California Bankruptcy Court.
This followed Scouler & Company’s role as the Financial Advisors to the secured lenders in the Chapter 11 case which was filed by Asyst Technologies on April 20, 2009.
This represents continuation of a complex case with coordinated bankruptcy filings in the United States and Japan.
The recovery, estimated to be approximately 80%, significantly exceeds the initial expectations of the secured lenders.
Our role as Liquidating Trustee includes negotiations with the Japanese Trustee, pursuit of avoidance actions and winding down various affiliates.
Scouler team & bio's
http://scouler.com/index.php/scouler-team/
--------------------------------------------------------------------------------
To Check Legal Docs from Court:
Case Number: 09-43246
www.pacer.gov
Filing Date # Docket Text
10/22/2010 637 Report: ASYST LIQUIDATION TRUST TRUSTEE REPORT FOR THE PERIOD JULY 1, 2010 THROUGH SEPTEMBER 30, 2010 Filed by Other Prof. Scouler & Company (Attachments: # 1 Certificate of Service) (Danker, Ashleigh) (Entered: 10/22/2010)
Founder77: We can't ignore the "fact", that speculators are buying into the "hopes" for some recovery for ASYTQ, as evidenced by the pps rise last week.
QSGIQ went up enough on buying, that its pps cleared the 52-week high of 0.0138c set in March of this year. Volume was huge, but then again, it doesn't have a large float either.
ASYTQ's 52-week high is 0.046c set in early February.
If speculators continue to bet on the chance of a favorable outcome, and push the pps above 0.046c, we would then kick ourselves for not having bought at the current 0.01c pps, just like the lady who bought 1,000,000 shares of QSGIQ at 0.0065c in March and sold them in July at 0.015c, only to sit in misery and watch the stock them climb to 0.19c days later, and then go on to 0.30c this month.
There is nothing fun about losing money, but, I think this is a risk/reward stock scenario. I believe speculators are buying into that risk, because obviously, the pps had some abnormal volume last week.
Maybe it went up just on the discussions we were having.
What do you think?
HDOGTX: Very interesting comments here about ASYTQ.
I agree with you.
In your experience with "Q" stocks, are you of the opinion that "they" can move up sharply as a result of a speculative frenzie. i.e.( the greater fool theory)
Or, is there in your opinion, no hope of even that, for this stock?
I like your assessment on these issues, an enjoy reading your analysis.
Thanks.
edurk
hdsstocks: I wish I had gotten in early on that one myself.
If you don't mind me asking, when did you buy it, and at what price?
And, what was it that caught your attention about the stock that you decided to buy it?
Was it being talked about?
Was there any corporate news at the time?
Just curious.
I always like to learn from others.
Does everyone remember this GEM ??
July 16, 2008, 5:49 a.m. EDT
Asyst approached over possible acquisition at $6.50 a share
http://www.marketwatch.com/story/asyst-approached-over-possible-acquisition-at-650-a-share
I am wondering if this "idea" by Aquest Systems Corp, will re-surface again, in relation to Crossing Automation/ASYTQ, and if it could have some sort of baring on some possible price appreciation for the common shares.
Also, this is the news that caused the stock of ASYT to begin its BIG FALL.
Oct. 10, 2008, 6:02 a.m. EDT
Asyst and suitor Aquest break off takeover talks
http://www.marketwatch.com/story/asyst-and-suitor-aquest-break-off-takeover-talks
any thoughts ??
Founder77: Excellent observation !!
You have certainly broken this confusion down to a level at which it now makes perfect sense.
All the more reason to believe that ASYTQ is trading for the possible purpose of serving a connection between Crossing Automation and ASYTQ, and a possible "shell/Reverse merger", and ultimately, a possible move up in the stock for common shareholders.
Nice DD Founder !!!!
Keep up the great work !!!
Now on the last filing which was March 12, 2010 that 8K stated this: "Asyst’s common stock was cancelled and has no future value in connection with the bankruptcy proceeding"
Looks like ASYT was canceled and delisted from the Nasdaq, not ASYTQ. It has been more then a year that this stock has been on .pk.
Quote:
--------------------------------------------------------------------------------
all shares of stock in Asyst were cancelled and will forever cease trading on any securities exchange or market.
--------------------------------------------------------------------------------
Asyst’s common stock was cancelled and has no future value in connection with the bankruptcy proceeding
Does this symbol still have a connection with this BK? NO IMO
Armani: I agree. I too have been watching CBIS. I missed out as well. I had it on my watch list, along with ILNS, but chose to go into ILNS full, instead of CBIS. I chose the wrong one obviously. Would have made out good, if I had had equal amounts in both.
I too, have seen a strong parallel between both of these stocks. The ir charts bare a striking resemblance technically, and I see no reason to believe that ILNS can't continue to unfold as CBIS has done.
I've noticed that the Depth/LevelII has moved up to the Ask of 0.03c. I see that as a positive for the stock next week.
If ILNS can get above 0.018c, than the following week should carry the stock up to the 0.06 level at a minimum. Then up to 0.012c to 0.15c is possible.
CBIS put in a double bottom at 0.04c and ILNS put in it's double bottom at 0.012c.
The following two charts display the comparison:
ILNS Weekly:
http://stockcharts.com/h-sc/ui?s=ILNS&p=W&yr=1&mn=0&dy=0&id=p78333426819
CBIS Weekly:
http://stockcharts.com/h-sc/ui?s=CBIS&p=W&yr=1&mn=0&dy=0&id=p06132206927
The shares still trading, after being said would never trade on any exchanges again forever, is what I find so curious about the idea of a possible "shell-Reverse merger".
Along with the $254,000 being given from one company to the other.
There is so much mystery here, that it isn't hard to come up with the thought, that something positive is brewing.
I'ts true, this is a chance, like the lottery.
But, you gotta play, to win !!!
The volume these past two days, is telling us that there are players out there willing to take this chance, and if they turn out to be right,then they deserve what rewards they get.
I read all the posts leading up to the day of July 22nd.
A female poster had written that she had bought 1,000,000 shares of QSGIQ in March at 0.0065c, and when the stock went up on July 22nd, she was thrilled to have been able to sell all of them at 0.015c
Unfortunately for her, the stock then went up to 0.04c, then to 0.19c.
so she sold them for $15,000, but if she only waited a little longer, 0.19c X 1,000,000 = $190,000
simplistic, I know, but you get the point.
the stock went all the way up to 0.19c in 2-weeks time without any news.
she was happy to just unload, since she held them for so long I guess. it bored her out of the market.
think ASYTQ, will go up in the same manner ?
didn't the news of the commons being kept intact in QSGIQs case, come out on July 22nd, and caused the stock to go from 0.0065c up to 0.04c in 3-days?
I think that's what I recall.
Is that correct?
And would you expect the same thing to happen with ASYTQ?
hdsstocks: Of all of the good reasons to be buying this right now, which ones imparticular are stand-outs in your decision to buy?
I see that you were watching QSGIQ.
Were you successful with that amazing play?
hdsstocks: what is it specifically , that you're looking for?
by the time any hard evidence comes out, it will be too late.
the stock will have moved up sharply at that point.
the time to get in , is before the news comes out, while it's quiet, and while not many people are aware of the situation, and then at the time news does come out, that will be the time to sell.
wouldn't you agree ?
volume and price have have slowed to a halt,
629,000 at 0.01c
would like to have seen a bigger price this morning above yesterdays high along with consistant bigger volume.
not seeing either.
anyones thoughts ?
pps now climbing, along with the volume.
Saw "500" at the open to signal MM's to gap the stock up.
Founder77: Note, that the stock had a 50% pull-back from the days high of 0.014c, down to a 0.007c late day low.
Either it makes a further downside test of the lows in the morning, or it bolts higher, gapping-up above resistance.
your thoughts ?
Founder77: what are you looking for the pps to trade at today?
0.014c is now resistance, and if it opens higher than that, then 0.046c is the next resistance.
a 50% retracement of the 0.046c February pivot is 0.023c,
a 61.8% retracement is = 0.028c
getting to 0.014c yesterday, was close to a 38.2% retracment of 0.0175c
of course volume was good at nearly 3 Million shrs.
we have only two schools of thought here.
1. yesterday was merely a technical bounce,
2. this move is genuinely tied to a possible R/M-shell
your thoughts ?
Founder77: OK. Looks like our discussions over the last two weeks are starting to have some meaning behind them.
Moving up quickly.
What are your thoughts at this time?
I think todays activity (Friday), will give more weight to any forecasts for future movement in the pps.
All of our DD certainly is supplying a lot of the boards new posters with information they didn't have to dig up themselves.
I'm looking at the February 8th "pivot" of 0.046c as a guide for future direction.
The "flag-penant" formation certainly worked out.
What about you ?
What are your thoughts right now?
Founder77: Why aren't you the Moderator anymore ?
I see "Toucan" has taken over.
How come?
Founder77: Ditto !!!
Nice find on your part as well Founder !!
Quote:
--------------------------------------------------------------------------------
(“Debtor/Key Bank”), on the other hand, agreed on the record that $254,175.06 shall be paid forthwith by the Debtor to Crossing
--------------------------------------------------------------------------------
I think the reverse happened.
I think it did to.
And, if volume continues to increase into next week with the Ask higher as well, I'm in !!
The "Ask" this morning, is at 0.009c
Already a good sign.
ASYTQ - Crossing Automation Reverse Merger – Alternative Process.???
The alternative process of becoming a publicly traded company is called a Reverse Merger. In this non-traditional method, the owners of the private company purchase a Shell Stock. Note that one significant difference between an IPO and a Reverse Merger is that when completing a Reverse Merger and becoming publicly traded, the private company has yet to receive any capital to expand their business. Usually, after the Reverse Merger is completed, the company raises the needed capital by selling restricted stock to a pre-arranged list of investors (sometimes referred to as a PIPE – Private Investment in Public Equity). The cost of purchasing a Shell Stock is much less expensive than completing a traditional IPO. Depending on the type of Shell Stock purchased, the cost can range from $50,000 - $1,000,000 for 70% to 95% of the outstanding stock. The time to complete a Reverse Merger may happen in a fraction of the time to complete an IPO, sometimes taking only 2 - 4 months. One other factor that makes a Reverse Merger an attractive means of going public is that the owners of the private company retain the entire decision making in the process.
Anatomy of a shell stock, ASYTQ?
http://www.shellstockreview.com/ssr-The-Anatomy-of-a-Shell-Stock.html
Example:
SoftQuad Software, Ltd. (OTCBB:SXML), an internationally recognized internet software developer, had its start as a public company via a reverse merger into The American Sports Machine, Inc. Initial trading of AMRP was at $.03125 per share and soared to a high of $50 per share or 159,900% six weeks later.
Could Crossing Automation reverse merge into ASYTQ ?
What is a Shell Stock?
A Shell Stock is a publicly traded company that has no operating business. Many of them trade for pennies and are thought to be worthless. But after completing a Reverse Merger, they can explode in price and increase in value by 10 times, 20 times, and possibly over 100 times their original share price!
Hmmm ?
Founder77: ASYTQ deal?
Shell Stocks are publicly traded corporations, all that exists of the original company is its corporate shell structure. The company should have no assets or liabilities, a public company that no longer has any business and just retains capital structure and reporting status. Many private companies like to reverse merge with a Shell and become public themselves. Since the public company changes it's name to reflect the private, this merger gives us the reverse situation, thus the term "reverse merger".
ASYTQ > Shell stock ?
No assets, or Liabilities
A public company that no longer has any business
Private company > Crossing Automation ?
Wants to become public themselves ?
Hmmm?
Founder77:5. Plan Objections.
"In response to the Plan Objections by Crossing Automation, Inc. (“Crossing”) and Intel Corporation (“Intel” and, together with Crossing, “Crossing/Intel”), on the one hand,
the Debtor and Key Bank, as agent for the pre-petition lenders (“Debtor/Key Bank”), on the other hand,
>>>>>agreed on the record that $254,175.06 shall be paid forthwith by the Debtor to Crossing.<<<<<<<<<<???????
Upon such payment, Crossing/Intel on the one hand, and Debtor/Key Bank, on the other,"
Could this be a "shell" deal ???
We know that "shells" are bought.
We know that ASYTQ's commons were cancelled.
We know that the shares continue to trade.
We know that Reverse Mergers can put the cancelled shares back on the exchanges.
Hmmmmmm?
Founder77: May have answer to your ?
Now why would you give a company funds to buy your assets? What's going on here? Why did they pay them $254,175.06?
"Shells" are bought.
I'm wondering if Crossing Automation paid ASYTQ for use as a "shell".
I saw this:
What is the curent price for a Shell? #1
Guest_Guest I've heard that the going price for a Shell Stock ranges from $300k - $500k. If you know of any Shell Stocks sold, please post the Shell, price ... along with some backup that proves it (SEC filings, Press Release, etc.)
Example:
On April 1, 2004, Starliner Systems Inc., a British Virgin Islands corporation ("Starliner"), made a cash payment to certain shareholders of SK Technologies Corporation (the "Company"), a Delaware corporation, in the amount of three hundred fifty thousand dollars ($350,000) in exchange for 14,870,920 shares of the Company's restricted Common Stock,
Founder77: Possible that Reverse Merger already done
between Crossing Automation and ASYTQ.
"Reverse Merger versus IPO
There is nothing good or bad about a reverse merger or an IPO. These are simply two ways to become public companies. These two approaches are certainly not unique just to the U.S. markets. They are used on any stock exchange in the world.
An IPO involves creating a public entity by selling new shares to the general public through underwriting brokerage firms.
A reverse merger involves acquiring an already public company, thereby replacing its spot on the stock exchange
***Note here, that ASYTQ's shares were cancelled, and it is confusing to everyone why they continue trading. Above, it appears to indicate that a Reverse Merger can replace ASYTQ's shares spot on the stock exchange****
-- a process that is typically concurrent or followed by a capital raise in the form of a private placement of securities with accredited investors.
Both methods accomplish the same end result: a public company that successfully raises capital through equity offerings.
If this weeks volume, moves well above 500,000 traded, I would say that this move is for REAL, and accumulation is very real too.
A weekly close above 0.007c is very telling of higher prices ahead.
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=W&yr=0&mn=6&dy=0&id=p44550542294
Depth/LevelII at 2:10pm
I see some accumulation here,
and I'm not sure about this,
but, it looks like MM's could be sending signals that they
need shares.
Time & Sales
Price Size Exch Time
0.0042 350 OTO 13:33:43 <<<<<<<<<<<<<<< 350 Signal?
0.0045 25000 OTO 13:30:40
0.0042 5000 OTO 13:30:28
0.0042 2000 OTO 13:20:01
0.0042 33100 OTO 13:18:32
0.0048 35800 OTO 12:57:14
0.0049 20000 OTO 12:50:55
0.0041 200 OTO 12:44:00 <<<<<<<<<<<<<<< 200 Signal?
0.0041 60000 OTO 11:25:09
0.0041 50000 OTO 11:24:07
0.0041 1900 OTO 10:48:52
0.004 5000 OTO 10:28:26
The weekly/volume this week, is the 3rd straight increase in volume.
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=W&yr=0&mn=3&dy=0&id=p35722167737
Looking for a move above 0.0056c, and the 34-day M.A.
Founder77: Getting volume here !
Up to 272,000 traded.
Chart looks interesting this week too.
Money Flow is looking good.
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=W&yr=1&mn=0&dy=0&id=p36821124268
Still have that "GAP" this week, the same as it appeared in the week in February when volume picked up and the price went to 0.046c
I think this "Flag/Pennant Formation" is working out for the stock to move higher.
Something is brewing !!!
Again, I'm looking at 0.014c level and over 500,000 as a sign this is for real.
A weekly close above 0.014c and I'm in full !!!
Founder77: Depth/LII
ASYTQ
Time & Sales
Price Size Exch Time
0.0041 60000 OTO 11:25:09 <<<<<<<<<
0.0041 50000 OTO 11:24:07<<<<<<<<<<
0.0041 1900 OTO 10:48:52
0.004 5000 OTO 10:28:26
Founder77: Volume is picking up.
117,000 at 0.0041c
at 11:30am
At what price and volume, would you say that something is up ?
If it got to 0.014c on 500,000 I'll get in.
Tax Loss Selling may be causing some to sell.
Founder77: I was just wondering if that is where the $78M would be kept. If ASYTQ hasn't come out of BK as yet, the courts still have the $78M , right?
Founder77: Can it then be said, that $78 Million is still in escrow?....and that, some how, some way, one could, in a very simplistic way, calculate the following:
$78M divided by 50M O/S = $1.56 per/sh.
...and if Crossing Automation were to do a Reverse/Merger with ASYTQ (shell), that Crossing Automation would then be worth $1.56/share?