I can lead a horse to water, but I can't make him drink !
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Founder77: Interesting choice of wording in this article/PR.
Reference made to:
1. The new entity....
2. "As a combined entity we will be better positioned....
Also:
"The acquisition of Asyst's strong product set, along with its existing global sales and service capabilities, offered an ideal opportunity to Crossing to enter this market space in a leading position."
"Crossing's existing investment partners Tallwood Venture Capital and Intel Capital continue to support the company's expansion. Specific terms of the agreement were not disclosed."
"Crossing has gone from start-up to an established player overnight by acquiring this technology."
http://www.thefreelibrary.com/Crossing+Automation+Signs+Definitive+Agreement+to+Acquire+Asyst...-a0204915099
Also: Key Bank was the biggest claimant with an amount of
$78 Million owed to it, but below, it seems to indicate that Key Bank is now not making a claim.
http://www.faqs.org/sec-filings/100312/ASYST-TECHNOLOGIES-INC_8-K/f55252exv99w1.htm
12. Acceptance or Rejection by Certain Classes (11 U.S.C. § 1129(a)(8)). The Plan does not satisfy section 1129(a)(8) of the Bankruptcy Code because the Plan was deemed rejected by the Deemed Rejected Classes. Notwithstanding the lack of compliance with section 1129(a)(8) of the Bankruptcy Code , the Plan is confirmable because, as described below, the Plan satisfies section 1129(b) of the Bankruptcy Code with respect to the Deemed Rejected Classes. As set forth in the Voting Declarations, the Impaired Class entitled to vote voted as follows:
Votes to Accept the Plan Votes to Reject the Plan
Number Amount Number Amount
Class 1 4 100 % $ 78,920,289.03 100 % 0 0 % $ 0 0 %
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,
*****shall generally and mutually release each other from any and all claims whatsoever, known or unknown, arising in or any way related to the Asyst bankruptcy case*********
and the parties expressly waive the protection of Cal. Civ. Code 1542 , which is incorporated herein. Crossing and Intel are not releasing any claims which may exist between each other, KeyBank is not releasing any claims against Crossing or Intel unrelated to the Debtor, Crossing and Intel are not releasing any claims against Key Bank unrelated to the Debtor, and the Debtor is not releasing any claims of the Debtor against Mr. Clegg.
What is your interpretation Founder ?
Founder77: Nice work !
Keeping a close eye on this.
I'm very curious about the timing of any action that might take place.
This could drag on for another 3 months, or it could jump tomorrow.
Mick1: Please help me to understand what this means.
Thanks.
prado: Thanks. And thanks for the heads up on the board. I've added it to my brouser.
prado: Thanks. It's not easy finding anything out. If there is anything to this, people are keeping it very quiet.
ASYTQ is trading just like QSGIQ did before it jumped on POR/Commons intact news. Virtually no trading. I have read all the posts on iHUB leading up to the July 22nd jump in QSGIQ's stock. Everyone was very discouraged and didn't have any hope for the stock. One person, who had 1 Million shares that she bought for 0.005c, was happy to sell all of her shares that day for 0.015c. Unfortunately for her, shortly thereafter the stock went to 0.19c, came down to 0.03c, then went back up to 0.30c. So, she walked away with $12,500, but missed out on $300,000, because she was anxious to unload her shares. She held them since April, and sold them July 22nd. If she had only held them for 3 more months.
Founder77: ......more on ASYTQ/Crossing Automation
http://stockreads.com/Stock-Newsletter.aspx?id=20604
StockMarketNewsAlert.com NEW Corporate Stock Alert ~~~~~~~~~~~~~~~~~~~~~~~~~~
Asyst Technologies Inc.
(ASYTQ) ~~~~~~~~~~~~~~~~~~~~~~~~~~
NEW STOCK ALERT NEW TO STOCKMARKETNEWSALERT.COM Asyst Technologies Inc. (ASYTQ) Recent Price $ .006 52 Week High $.097 52 Week Low $.003 ---------------------------------------------------------------------------------------------------------------------- Quick Fact: The Company develops, manufactures, sells and supports integrated hardware and software automation systems primarily for the semiconductor and secondarily for the flat panel display manufacturing industries.
HUGE MARKET !!!! We will have a FULL report shortly ~~~~~~~~~~~~~~~~~~~~~~~~~~
A FEW REASONS TO OWN (ASYTQ) Asyst Technologies Inc. (ASYTQ) Crossing Automation Inc*
Crossing Automation is a leading supplier of wafer-level automation to the semiconductor manufacturing and related industries. We bring to market a broad product portfolio spanning atmospheric pressure and vacuum-compatible platform modules.
* Crossing Automation is focused on a business model that allows the flexibility of customization while reducing costs and increasing profitability for OEMs and IDMs alike, thanks to the company`s ability to deliver high-performance wafer transport via standardized platforms. This business model is driven by four overriding principles:
technology leadership, total cost of ownership, customer satisfaction and profitability of operations.
*
Crossing Automation is a leader in the vital, yield-enhancing technologies that isolate, protect and transfer wafers throughout the integrated circuit manufacturing process. The company is also one of the industry`s most experienced providers of wafer-level atmospheric and vacuum automation solutions for semiconductor OEMs and IDMs.*
Crossing supplies many leading OEMs and deploys its products and solutions in leading fabs around the world, providing automation based on a commitment to maximum flexibility and low cost of ownership. Crossing offers its customers practical, leading-edge solutions to meet their atmospheric and vacuum automation requirements, both today and in the future.
Founder77: Had you ever seen this?
Confusing, that this article bounces both company names around, with no clear explaination. It leaves the reader open to their own interpretation.
What do you think it means ?
http://stockreads.com/Stock-Newsletter.aspx?id=20810
StockMarketNewsAlert.com NEW Corporate Stock Alert ~~~~~~~~~~~~~~~~~~~~~~~~~~
ASYTQ traded as high as $0.046 , up from $.006 on the 8th. Once we break $0.02 again, ASYTQ could reach $0.10 or better.
We haven`t seen news from ASYTQ since November 09` and anticipate news shortly which should send the stock higher.
We`ll keep you posted.
The Company(Crossing Automation) develops, manufactures, sells and supports integrated hardware and software automation systems primarily for the semiconductor and secondarily for the flat panel display manufacturing industries.(Crossing Automation, Inc. ) ASYTQ is a Leading supplier of wafer-level automation to the semiconductor manufacturing and related industries. We bring to market a broad product portfolio spanning atmospheric pressure and vacuum-compatible platform modules.
Crossing Automation is at the leading-edge of automation technology development for semiconductor, MEMS and green technology-related manufacturing; as part of our commitment to driving the most effective, cost-efficient automation systems, our engineering department consistently strives to identify new approaches to automation technology and unique and innovative ways to implement existing and off-the-shelf components to increase customers` ROI and decrease time to market.
Target is $0.20 Be ready for a special alert on a new company we just uncovered that has a potential for a huge break out! The stock trades under $1.00 ----- The Staff StockMarketNewsAlert email: info@stockmarketnewsalert.com [mailto:info@stockmarketnewsalert.com] web: http://www. stockmarketnewsalert.com *Never invest into a stock we discuss unless you can afford to lose your entire investment ~~~~~~~~~~~~~~~~~~~~~~~~~~
Founder77: If ASYTQ trades at 0.017c this week, I think I'll try to pick up a lot of shares.
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=D&yr=1&mn=0&dy=0&id=p35609598944
http://stockcharts.com/h-sc/ui?s=QSGIQ&p=D&yr=1&mn=0&dy=0&id=p14424876472
Founder77: The following weekly chart, shows a "flag", or "penant" formation, over the last 6-weeks, similar to the pattern over a 6-week period just before the big spike up in February this year.
Do you see this ?
I'm wondering if this week, could be the week that the stock sees some serious activity, in view of this pattern formation.
Also, in that week in February, the price had gapped up.
Notice that this week is also gapped up.
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=W&yr=1&mn=0&dy=0&id=p51702518957
I'm also wondering if we'll see a POR, or 8K filing update, regarding the info you and I have been discussing lately.
What do you think ?
Founder77: What do you think of the "Ask" at 0.017c this morning ?
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=W&yr=1&mn=0&dy=0&id=p51702518957
Asyst Technologies (ASYTQ)
0.004 ? 0.0007 (21.21%)
Volume: 40,640 @ 1:03:56 PM ET
Bid Ask Day's Range
0.0033 0.017 0.004 - 0.0047
prado: Do you think ASYTQ, and or the court will release a POR, and or 8K filing regarding a Reverse Merger with Crossing Automation ?
Seems very similar to QSGIQ.
matoutus: Isn't this chart showing that it was that low ?
July 22nd 0.0001c
http://stockcharts.com/h-sc/ui?s=QSGIQ&p=D&yr=0&mn=3&dy=0&id=p89787892146
prado: Thanks very much for the info.
Do you think ASYTQ is a "shell" for Crossing Automation ?
And, do you think it could unfold as QSGIQ did, where the commons will be kept intact, and a Reverse Merger will happen ?
Founder77: "shell"/Reverse-Merger, with Crossing Automation, looking more and more like a possibility to me.
Have been reading about it.
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!
What is a Reverse Merger? A Reverse Merger is a technique that allows a private company to become an instant public company. This alternative method for completing an IPO (Initial Public Offering) is the catalyst that makes the price of a Shell Stock explode!
WHAT IS A SHELL STOCK?
A Shell Stock (Shell Company) is a public company that no longer has any business operations. It retains its capital structure and public trading status with the intention to complete a reverse merger with a non-public company with an on-going business. This merger creates a new company that is both publicly trading and generating revenues. There are many reasons why a Shell Stock exists in the first place, but most commonly they either lost the business due to a bankruptcy, or just sold or closed it.
The SEC (Securities and Exchange Commission), in Rule 12b-2, defines a "Shell Company" as "a registrant with no or nominal operations and either no or nominal assets, assets consisting solely of cash and cash equivalents, or assets consisting of any amount of cash and cash equivalents and nominal other assets."
Why would a private company with an on-going business want to reverse merge into a Shell Stock? The goal of the private company is to become a public company. There are many benefits in becoming a public company. The traditional method of becoming a public company, via an IPO (Initial Public Offering) can be very expensive and time consuming. Becoming public via a reverse merger is less expensive and much quicker.
ASYTQ shares are still trading.
Is it a reverse merger candidate for Crossing Automation?
Will their commons survive, as QSGIQ's did ?
Money Flow is Uptrending and looking good.
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=D&yr=1&mn=0&dy=0&id=p56353592980
Will ASYTQ commons survive ???
and is it a reverse/merger "shell" for Crossing Automation?
Iron Maiden: I can see it going to,
Key Pivot 0.094c
2nd Target of 61.8% Retracement of 0.094c = 0.058c
1st Target of 50% Retracement of 0.094c = 0.047c
Founder77: Had you ever seen this ?
A lot of BUYING and SELLING was going on, on Feb.8th.
I'm wondering if people in the know, were accumulating shares that were being dumped, because they know that it could become a "shell" for Crossing Automation toward the end of the year, and they want to get in early and because they needed the volume to be able to pick up lots of shares. Afterall, if you bought 1 Million shares on Feb. 8th, and a POR comes out in October announcing "shares intact", and the share price jumps to 0.30c, that's $300,000, on a very small invested amount, $10,000 if bought at 0.01c each in Feb.
http://collegestock.com/blog/promoted-stocks-watchlist/
Here’s The Dean’s Promoted Stocks Watchlist for Tuesday, February 9, 2010:
$ASYTQ
Asyst Technologies, Inc. (OTC: ASYTQ.PK) engages in the development, manufacture, sale, and support of integrated hardware and software automation systems primarily for the semiconductor and flat panel display manufacturing industries.
The Dean has noticed that $ASYTQ received quite a boost (+200%) in a promotion by StockMarketNewsAlert.com. No news out yet for $ASYTQ, but this penny stock could definitely run again.
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=W&yr=1&mn=0&dy=0&id=p12427495690
Is ASYTQ a possible "Shell" candidate for Crossing Automation ?
ASYTQ filed Ch.11 April 2009, and on February 2010 ( the stock spiked to 0.046c Feb.8th), 15 Million traded. The ASYTQ web-site brings you to Crossing Automation web-site,where the Logos are the same, and a former executive of ASYTQ is the CEO of Crossin Automation now.
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=D&yr=3&mn=0&dy=0&id=p99168917965
Long-term support of 0.0361c is resistance.
The stocks pivot point is 0.138c.
http://stockcharts.com/h-sc/ui?s=MESAQ&p=D&yr=3&mn=0&dy=0&id=p00675356759
Fib Levels for 0.138c Pivot are:
61.8% = 0.085c
50% = 0.069c
38.2% = 0.0527c
http://stockcharts.com/h-sc/ui?s=MESAQ&p=D&yr=1&mn=0&dy=0&id=p38429805975
ASYTQ Might be a "shell-play", and is worth looking into.
Could follow QSGIQ and what happened to it.
QSGIQ went from sub-penny in April to 0.30c last week, because of a Rebrand with Krusecom QSGIQ shares are intact in the POR.
ASYTQ is thought to perhaps have a connection with Crossing Automation, and speculation is surfacing about a Rebrand between the two, in the form of a merger, and people are wondering about a release of a POR.
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=D&yr=2&mn=0&dy=0&id=p72943158931
MESAQ will go to 0.069c soon
then to 0.085c, in the near-term.
http://stockcharts.com/h-sc/ui?s=MESAQ&p=D&yr=1&mn=0&dy=0&id=p81334184045
Iron Maiden: Do you still have CLRH ?
I'm considering jumping in.
0.008c looks very good !
Money Flow and pps Divergence looks excellent.
What do you think ?
http://stockcharts.com/h-sc/ui?s=CLRH&p=D&yr=2&mn=0&dy=0&id=p64763986349
Iron Maiden: I have read a lot of your posts, and I'm particularly interested in your views on two stocks right now.
ILNS and ASYTQ
ILNS seems to be entering an up-cycle.
It's an ABC Down Slope play, from the way I see it.
What do you think of the chart.
Money Flow looks to be Bullish, a Bullish Divergence is in the works too.
http://stockcharts.com/h-sc/ui?s=ILNS&p=D&yr=1&mn=0&dy=0&id=p59179900373
ASYTQ, appears to me to be a mirror image of QSGIQ, both from a chart perspective as well as a "shell" play.
ASYTQ and Crossing Automation seem to have similarities that QSGIQ and Krusecom share. Do you think ASYTQ could be another QSGIQ?
ASYTQ looks to be a "shell" that Crossing Automation could Rebrand, or move into, and you seem to have knowledge in this area.
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=D&yr=2&mn=0&dy=0&id=p87802702920
http://stockcharts.com/h-sc/ui?s=QSGIQ&p=D&yr=2&mn=0&dy=0&id=p71659129451
Founder77: Have you asked HDOGTX about this over at the Bankruptcy Plays board?
He seems to be very knowledgable about these issues.
I have asked him to add ASYTQ to his "Q's" list.
FOUNDER77: What do you think?
Key Resistance Levels I'm watching are:
0.0460c<<<<< 52-Week Pivot
0.0195c<<<<< 3rd
0.0140c<<<<<<<< 2nd
0.0078c<<<<<<<<<<< 1st
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=W&yr=1&mn=0&dy=0&id=p94255076222
Price Key Turning Points
52 Week High 0.0460
0.0284 61.8% Retracement from 52 Week High
0.0230 50% Retracement from 52 Week High
0.0175 38.2% Retracement from 52 Week High
Money Flow is trending up since mid-July, just as it did from Nov.2009 into February 2010 By my estimation Very BULLISH !!!
http://barchart.com/chart.php?sym=ASYTQ&style=technical&p=DO&d=X&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=MFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSTOSL%2814%2C3%2C16763904%2C6724095%29%3BSMA%2820%2C16711680%29&chartindicator_4_code=MFI&chartindicator_4_param_0=14&chartindicator_4_param_1=255&chartindicator_4_param_2=100&chartindicator_4_param_3=39168&chartindicator_4_param_4=16711680&chartindicator_5_code=STOSL&chartindicator_5_param_0=14&chartindicator_5_param_1=3&chartindicator_5_param_2=16763904&chartindicator_5_param_3=6724095&chartindicator_6_code=SMA&chartindicator_6_param_0=20&chartindicator_6_param_1=16711680&addindicator=&submitted=1&fpage=&txtDate=&x=89&y=11
gmc/ford: Have been wondering the same as you have, if Crossing Automation might move into ASYTQ "shell" soon.
ASYTQ stock chart looks very interesting at the moment.
The Money Flow Index has been trending up for the last 2-months, as the pps has been trending down, and now is trending side-ways.
"Bullish Divergence" setting up, for sure, looks to me.
Have any thoughts yourself?
Founder77: The following is just a hunch of mine, though I base all my hunches on a very detailed and calculated observation that I follow on all of my stocks, and most work out for me.
Once again, by my estimation, if ASYTQ stock is to follow QSGIQ stock, for all of the reasons you and I have discussed, then it also would be plausible to assume that since QSGIQ's stock has now made it to a price level that exceeds its pre-Ch.11 2009 High
( 0.22c January 2009 ), and labeled on the following chart,
http://stockcharts.com/h-sc/ui?s=QSGIQ&p=D&yr=3&mn=0&dy=0&id=p22797104187
then ASYTQ might also exceed its pre-Ch.11 2009 High, which was 0.67c set in early April, and labeled on the following chart.
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=D&yr=3&mn=0&dy=0&id=p25682486626
Wouldn't that be nice !
164,000 X estimated 0.67c = $109,000
Founder77: Excellent observation !!!!!
I missed that one completely.
You're BRILLIANT Founder !!!!
I really like that idea. That is very interesting, and bodes well for the possibility of a "Shell" merger/remake/common shares intact scenario.
Soul Washer: Thanks. I too, have shares.
Bought 164,000 shares in 2009 at 0.01c. ( $1,600 )
164,000 X an estimated 0.30c = $49,000
Founder77: It's still being displayed on my Scottrade Acct. under Insiders.
Founder77: Nice find, thank you.
It has always been my observation, that the time to be in a stock is when rumors are flying.
The time to sell a stock is when the news comes out.
Thus the saying as it goes....."BUY on rumor, SELL on news".
This saying has done very well for me in all of my experiences.
It has proven itself time and time again.
By the time the public gets wind of the news, the game is over !!!
BUY low, SELL High.
Right now the price is High, coming all the way up from 0.00001c since July 22nd, and IMHO, fully reflects all the good news.
Founder77: Interesting that, as far as I can tell, these insiders still hold their shares.
Top Insider Holders
These insiders own the most common shares.
Name/
Position Total
Holdings
Bonora Anthony C
Officers 716,393.00
Schwartz Stephen S
Officers 714,456.00
Joy Ken E
Beneficial Owners 610,216.00
Oleary D
Beneficial Owners 610,216.00
Menlo Venture Partners
Beneficial Owners 610,216.00
Montgomery Henry Dubose
Directors 610,216.00
Menlo Management Partners
Beneficial Owners 610,216.00
Bredt Thomas H
Beneficial Owners 610,216.00
Carlisle Douglas C
Beneficial Owners 610,216.00
Anthony Enrico Santelli
Director
153,696.00
Founder77: I like the way you're thinking here!
Thanks for reaquainting me with this info.
I can remember all of this, now that you're bringing it back into focus.
Yes. It all makes perfect sense.
Wonder if the QSGIQ news will have an impact on this at all, or if it has already.
Seems to me that if it has worked for one company, it should be easy for another company like ASYTQ and Crossing Automation to have come up with the idea themselves as well.
Seems that the Bankruptcy courts and lawyers could have been doing this for a while with many companies.
Very strategic moves, by all of these parties.
Pure genius !!!
Do you think a BUY order for 100,000 shares would go through next week quickly? Or, do you think it would take several days, to fill the order?
I'd like to take a stab at 500,000, but, maybe that's being a little to hopeful.
BUY 500,000 @ 0.004c = $2,000
BUY 500,000 @ 0.009c = $4,500
SELL 500,000 @ 0.30c = $150,000
Founder77: I certainly hope you're right about this.
I may try to test it out by entering a few BUY orders, and see if they go through.
As I say, very small numbers of shares are being traded right now, and I have seen MM's signaling each other, that they need shares.
If this is indeed happening, I would suspect that a POR is not too far away, as it seems that a sense of urgency is being expressed by these MM's.
Would you agree?
Founder77: Truely amazing to me, how these lawyers and finance people bring their knowledge and creative ways, to a point at which all their mumbo-jumbo wording can keep a seemingly dead-in-the-water company ALIVE and kicking, when most shareholders can't believe it will ever come back.
In other words, when most small shareholders would have sold, or are thinking about selling their shares, it seems as though these high finance people are waiting in the wings, so to speak, to capitalize on their creative financing ways, that apparently, the court system and lawyers have divised, to ensure that key executives come out of the mess they got themselves into.
Founder77: Great DD !
I think that you're finding out some very good info here.
The ideas that you are wondering about are certainly worth considering as having some important significance.
I think that you're on to something here.
Great find!
" Markets Climb a Wall of Worry "
How many times have you heard this Old and Familiar saying.
Well, Here it is folks !!
Staring at us all, right in our face.
A Huge Wall of Worry.
I'm here to tell you (because I like to teach), that ILNS's stock price will climb this wall of worry, just like many other stocks have done, time and time again.
You need to look no further than QSGIQ, as an examole to follow.
Would you have bought this stock at 0.00001c on July 22nd.
Afterall, the company filed Ch.11 in early 2009.
And, it had virtually no trades of any substance for the last 4-months.
And, if you read the iHUB messages you'll see people talking about having lost all their money and giving up hope.
Would have been enough to keep anyone away from even considering looking at buying this stock.
Well, look what happened on July 22nd at mid-day.
The stock went from a Low of 0.00001c to a High of 0.012c.
Small move, right.
As it turned out, within 3-days it had climbed to 0.04c.
Then, in 12-days it reached 0.19c.
And, in just 2-1/2 months, it hit 0.30c.
Why you ask, did this happen?
Because, in the eleventh hour, so to speak, after all the shareholders had virtually given up hope, news broke of a POR,
Plan of Reorganization, to merge the company with another company, and common shares were left intact.
All of a sudden, shareholders were rich, after all their worry for more than 2 years.
Good things happen in the eleventh hour folks, and the price of the stock price always looks the bleakest in the face of the worst possible news. That is when you want to buy. When the news looks its worst.
If the news for ILNS looks really bad here to you, understand that this is "The BEST TIME TO BE BUYING" !!!!
ILNS:
http://stockcharts.com/h-sc/ui?s=ILNS&p=D&yr=2&mn=0&dy=0&id=p50976288808
QSGIQ:
http://stockcharts.com/h-sc/ui?s=QSGIQ&p=D&yr=2&mn=0&dy=0&id=p11545101529
If this doesn't put "fear" into investors minds, what will?
What could possibly be worse.
"Market Phsycology 101".
BUY on FEAR !!!
SELL on GREED.
Seems to me, that "ILNS is, in the Eleventh Hour".