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The accumulated deficit is the result of losses over the years. Please explain how Jason Roth and Safeguard Tech are the beneficiaries of that?
Odd that Bayer would make a second order for a failed product?
Actually the excess of liabilities over assets is $2,521,069. If we take away the contingent liablility for patent purchase, $857,388, the related party debt, $156,221 and the debt to former service provider/shareholder, $289,500, we are left with a negative position of $1,217,960. Not that extraordinary for a small company getting ready to launch new products IMO.
PTPA Media Awards Announces Their Winning Products for the 2009 Holiday Season!
Winners Include Eye-Fi SD Card, The Silly Socks Game, Stride Rite, Nuby and PopAtot
FOR IMMEDIATE RELEASE
PRLog (Press Release) – Nov 04, 2009 – A single-dose nasal spray, a book of games that build your infant’s brainpower, a non-contact thermometer and a parent-friendly Internet-filtering program are among the innovative new products that have just won the PTPA seal of approval from North America’s parents.
Consumers looking for practical, high-quality products and services can rest easy knowing that products bearing the PTPA Media “Winner” Seal are all “Parent Tested, Parent Approved.”
Because independent parents evaluate these products in their own homes, PTPA winners are chosen based on merit and consumer experience – not on commercial considerations. As a result, the PTPA Seal is quickly gaining recognition as an international leader in certifying consumer products for quality, effectiveness and value.
“As a working single mother, I go to PTPA for unbiased and ‘safe’ advice...from parents, not marketers pushing a particular product,” says actress and author Josie Bissett, former star of Melrose Place and now a mother of two school-age children. “PTPA makes it much easier to find products that enrich my children’s lives. Who better to trust than other parents who have done their homework?”
Companies ranging from Disney and Knowledge Adventure to Wells Fargo and Cisco all submit their products for testing by PTPA’s network of over 20,000 volunteer product testers. Only those that receive high marks from PTPA’s unbiased, knowledgeable testers are awarded the PTPA Seal of Approval.
Here are just a few of the innovative new products to receive the PTPA Winner Seal for the 2009 holiday season:
* Baby Smarts: A simulating book filled with developmental games for building your baby’s brain power, one activity at a time!
* Cleanoz Single Use Saline Nasal Spray: a hygienic, easy-to-use sterile applicator for clearing a child’s nasal passages while avoiding dangerous germs;
* CyberPatrol Parental Controls: User-friendly software that lets parents control the amount of time their children spend on the computer, and block unsuitable content.
* Kerpoof Studio- Disney’s free Kerpoof Studio provides web-based drawing and multimedia software, with no advertising or hidden costs.
* EasyBloom Plant Sensor: An Internet-connected gardening tool that utilizes plant sensor technology to take the guesswork out of gardening.
* Kids-Med Thermofocus 5-in-1 Non Contact Thermometer: A trauma-free thermometer that has no contact with the skin. Clinically proven to be as accurate as a rectal or ear thermometer, it measures the temperature of a forehead with the click of a button.
“At PTPA Media, we are proud to play a role in certifying innovative new products that parents can trust,” says Sharon Vinderine, president and founder of PTPA Media. “It’s win-win. By improving communication between manufacturers and consumers, we are helping companies serve their market better, and helping families identify products that have been tested and recommended by their peers.”
Thanks TB!
No problem.
Posted by: doggone Date: Wednesday, August 04, 2010 10:38:30 AM
In reply to: makeamint2 who wrote msg# 45699 Post # of 45776
You make some great points. personaly, I don't really care who the messenger is, insider or not, am only concerned with the content of the message or the pr. I follow only 2 pinks on any regular basis and of course ASFX is one. i enjoy the DD but it actually takes much time so 2 are about all i can manage at one time!!!!!!
To your thoughts concerning those only and always promoting ASFX, the same applies in reverse. Since most of my posts nearly always appear negative, or atleast always asking unanswered questions, many believe i work for someone or company with interests in ASFX failure. This is not true, just a simple old retired guy in south Al. keeping myself busy and entertained while i watch level II and trade the big board names.
To your comment, "i think that with the right plan and resources, this could be a cool little company" I agree. However i do not feel ASFX has yet found either. I sold what few shares of ASFX i held couple weeks ago, have a GTC order in for 500K @ .0005. If and when ASFX has a significant purchase order in hand things could begin to look better. However, ASFX should endeavor to be very specific and not make vague assertions in any pr regarding such, you understand what i am saying. Fodder for the promoters without verifiable detail is basically worthless for any serious long term investor. Dog
Correction, it was $.0005
Our common stock is quoted on the Pink Sheets under the symbol “ASFX.PK”. A market maker has agreed to file an application with FINRA on our behalf so as to be able to quote the shares of our common stock on the Over-the-Counter Bulletin Board maintained by FINRA. There are no assurances that the application will be accepted by FINRA nor can we estimate as to the time period that the application process will require. We are not permitted to file such application on our own behalf. If an application is accepted, we cannot predict the extent to which investor interest in us will lead to the development of an active, liquid trading market. Active trading markets generally result in lower price volatility and more efficient execution of buy and sell orders for investors. There is no assurance that our common stock will trade at market prices in excess of the initial public offering price as prices for the common stock in any public market which may develop will be determined in the marketplace and may be influenced by many factors, including the depth and liquidity of the market for the common stock, investor perception of us and general economic and market conditions.
BTW, not sure what "spinning" you are referring to. I just stated facts.
Really Dog, info you can trust?
Interesting how you conveniently left the balance of the paragraph out from the most recent S-1A:
On October 22, 2007, the Company issued a promissory note to a lender (“Lender 2”) in the aggregate principal amount of $262,500 (“Note 2”) and received cash proceeds from Lender 2 in the sum of $250,000. A current member of our Board of Directors is indirectly related to Lender 2. Effective December 31, 2009, the Company entered into an agreement whereby Lender 2 released the Company from all principal and interest obligations under the note in exchange for the Company’s commitment to file a registration statement with the SEC and to compensate Lender 2 should Lender 2 be unable to sell up to 88,000,000 million of its shares above an average price of $0.01 per share over an eleven week period after the registration statement becomes effective. The maximum amount due by the Company under the release agreement is $350,000. On January 21, 2010, the Company filed a registration statement with the SEC. As a result, on December 31, 2009, the Company recognized a gain from discharge of indebtedness in the amount of $105,684 consisting of relief of principal of $227,375 and accrued interest of $228,309 on the note less $350,000, and reclassified the remaining principal and accrued interest in the amount of $350,000 to other current liability.
So the liability was redefined as a note for $350,000.00. There is no further risk. Also, you need to start putting IMO in your posts.
Very frustrating Sid, but it'll be back.
makeamint2,
I believe most here appreciate due diligence. The only time it is dissed is when it is bashing disguised as due diligence.
Great to hear that Rookie. Management continues to put the pieces in place to make this comapny successful.
You're welcome Neil713.
It appears you cannot attack any other poster, only the company. It does seem that you can point out the incorrect assumptions made by others and/or the veracity of "supposed" facts they provide.
Looking good Oz!
From the ASR Family page on Facebook.
Marc Massoglia also met with Stuart Catton and Steve Oates of FDD International in Kensington High Street in London to discuss their sales strategy for U.K. distribution. FDD International is ASR’s UK distributor of the KidzMed 5 in 1 Non-Contact Thermometer and a top 50 supplier to Boots, U.K.’s largest drug store ch...ain. In addition to Boots, we are targeting Superdrug, Tesco, Lloyds Pharmacy, Argos, Gordon’s Chemist and United Drug in Ireland.
ASR Family Marc Massoglia, senior vice president of sales for ASR, met with Xavier Billaut, product manager Betaferon for Bayer Schering Pharma, in Lille France this week to discuss expansion of the Disintegrator program for additional treatments in France and other Betaferon markets throughout the world. Mr. Billaut attributes ...much of the positive switch market share gain to the Disintegrator because it improves the lives of the patients. “I am sure that these patients come because of this [Disintegrator] device. I am very confident of that,” says Billaut discussing how Betaferon saw market share gains even in the face of a new lower cost competitor
Think you're right Koop. Seems to be getting desperate.
"In kahoots" We've been kahooted!
Wrong again dog. First, banks generally do not do P.O. financing. There are a limited number of companies that do. So why would I ask my bank. Second, a company will not issue a commitment without the P.O. AND knowing the credit worthiness of the buyer. By the way, you contradicted yourself dog. Now you say a company can get a commitment predicated on the receipt of a P.O. In your previous post you stated:
Posted by: doggone Date: Wednesday, July 21, 2010 10:21:21 AM
In reply to: control it who wrote msg# 45467 Post # of 45493
It is worthless in the absence of any Purchase order. Only when ASFX has a signed PO to offer for collateral can any funds be obtained, thus the note, this is not a line of credit.
Folks it helps to understand exactly what you are buying. Tjhis is no big deeal whatsoever. On the other hand a line of credit would be something to be happy about. GLTA Dog
I will not argue with you further dog. A P.O. financing company WILL NOT make a commitment without knowing who the customer is, the credit worthiness of the customer and a purchase order from the customer. You honestly think a company is going to waste their time giving a commitment to an upstart company without any proof that they have a P.O. from a buyer?
No one is disputing that the financing is for purchase of product only. The company made that quite clear. Also, of course a line of credit that is not restrictd in its use would obviously be better. The problem is your claim that this is worthless without a purchase order. The point is that there would be no commitment without a purchase order. The commitment does mean something. I deal with banks and financing regularly. Your baseless claims mean nothing.
No idea what you are talking about dog. A bank will not give final committment on a loan or line of credit without either collateral, a history of income showing the ability to repay, personal guarantees or all of the above.
Nice try. Stating that insiders were dumping is not consistent with "preparing to dump".
Here it was posted that insiders were dumping. Now you are saying some were selling their restricted shares short? Laughable!
Posted by: doggone Date: Wednesday, April 14, 2010 10:50:24 AM
In reply to: A deleted message Post # of 45429
Something is up, you are correct. Increasing volume on decreasing SP. ASFX appears to have sold their remaing A/S as indicated by the latest filing. I think the market is telling you dillution is around the corner as insiders are dumping per the S-1. On Jan26 ASFX stated they had revenue to last for about 1.5 months. one must ask the question, after the 400k recently sold (Date of First Sale 2010-02-16) what will they do now?
Beware of the Dog!
Total Offering Amount $400,000 USD or Indefinite
Total Amount Sold $400,000 USD
Total Remaining to be Sold $0 USD
Funny, I was thinking the same thing. Could be negative facilitators who have been buying and selling, and walking the price down to current levels to create an illusion. The low volume is a tell.
Again, purely speculation. No one knows for certain if any of the shareholders holding restricted shares will be selling any shares once they are unrestricted. With sales soon to ramp up, I would think most people would wait to see what transpires. If a billion shares were put up for sale, the price would drop to next to nothing, so what would be the point of trying to sell. There is nothing to learn here. Other than the fact that claims were being made over the previous months that stock was being sold all along, which we now know was not the case. IMO
The only nonsense we need to be careful about is that spewed by negative facilitators. According to negative facilitators, insiders were dumping all along. However, we can see again based on the amended S-1 that this has not happened. Be careful of predictions that it will. With all that is happening and about to happen with the company, why would anyone be selling?
Excellent post 315billy!
We get a buy at the ask and then they drop the ask. Brilliant!
Well I guess it can remain as your fact. You can generalize about pink sheet stocks and assume ASFX is just another example of a failed pinky.
So I guess the company is lying when they say they have decided to commence production of an additional 100,000 units. Also, the pictures from China must have been faked to make believe there is manufacturing for ASFX taking place. I choose to believe that the statement of increased production is the truth, not an "insinuation". I also choose to believe that we are manufacturing components in China. Time will tell.
Do you have some inside information Dog. How do you know the Bayer deal is yet to be filled? How do you know there are no other deals? Seems to me you are passing off your opinions as fact again. It is more than a bit misleading to make opinionated statements appear as fact.
Great pictures! Spoke with Jose at Equitrend yesterday. Apparently many of the drug store companies at the trade show visited with ASR. Company hopes to announce contracts in the not too distant future.
Does anyone know if shipments from China to Ohio have started yet? This was supposed to begin sometime in June. I believe the assembly of the thermometers is completed in Ohio. This would mean we are getting closer to shipment to customers and retail outlets.
Shadow96,
I seem to recall something in the S-1 filing that indicated that pink sheet companies are more restricted with what they can say in PR's than other SEC registrants This is probably why the ASFX news has been somewhat vague. Until they have signed agreements, like the recent Bayer deal, they probably cannot get too specific about things in the works.
If only that could happen.
Amusing watching negative facilitators walk this down.
Spoke too soon.
This is getting tedious.