:^))
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If you would of read it before commenting on it, you would of realized that it wasn't an article at all. It was a blog post referencing and posting a private e-mail from one of Goldman's executive's sharing information on the market, basing a singular perspective.
That's what traders do, they analyze things and look at different perspectives based in reality to try and ascertain what future events might unfold.
They don't look at a headliner, and then judge / reference it's contents without ever being informed or actually reading it.
That's exactly what President Trump does, what Fox News does, what most Republicans do. They judge an entire website as "Liberal" without discerning what they are trying to convey.
They dismiss troves of data to the contrary of whatever position they are taking that particular day, not based on the facts of the issue, but a political stance.
This is exactly the frame of mind I detest from anyone that is willing to promulgate an issue of which they no absolutely nothing about.
Welcome to the club of the galactically misinformed.
Goldman Writes A Letter To Clients: ‘I Believe You Sell-The-Rallies Rather Than Buy-The-Dips’
https://heisenbergreport.com/2018/02/11/goldman-writes-a-letter-to-clients-i-believe-you-sell-the-rallies-rather-than-buy-the-dips/
Thom Hartmann: How the GOP Used a Two Santa Clauses Tactic to Con America for Nearly 40 Years.
It’s time Americans realized the details of the scam that’s been killing wages and enriching billionaires for decades.
The only thing wrong with the U.S. economy is the failure of the Republican Party to play Santa Claus.
-Jude Wanniski, March 6, 1976
The Republican Party has been running a long con on America since Reagan’s inauguration, and somehow our nation’s media has missed it – even though it was announced in The Wall Street Journal in the 1970s and the GOP has clung tenaciously to it ever since.
In fact, Republican strategist Jude Wanniski’s 1974 “Two Santa Clauses Theory” has been the main reason why the GOP has succeeded in producing our last two Republican presidents, Bush and Trump (despite losing the popular vote both times). It’s also why Reagan’s economy seemed to be “good.”
Good point, could of been, look @ 2014. It was really the start of long term accumulative stair stepping on the chart.
Look at the PVT [Price Volume Trend] starting in 2014 along with the >>
OBV - On Balance Volume << That same year.
https://www.barchart.com/stocks/quotes/ASFX/technical-chart?plot=CANDLE&volume=total&data=WO&density=X&pricesOn=1&asPctChange=0&logscale=0&indicators=OBV;ACCUM;CHKMF(20);RSI(14,100);BBANDS(20,2);EXPMA(9);PVT&sym=ASFX&grid=1&height=500&studyheight=100
There is a volume spike in 2014, I can clearly see it. But as far as a prolonged Accumulation 2017 leading into 2018 takes the cake, It's HUGE.
And it doesn't account for peeps buying at the bid, which throws charts off a bit. On a stock with little to no volume you can get away with bid and ask manipulation, "IF" there are peeps that want to take some profit off the table and ride free shares, which is all healthy for the chart.
Which is why I think that the number of individual account holders is much larger than people think.
This is what I did at a time when the conditions were just right to build a stash. Was it the right move? Time will tell...
January 2018
Just finished my accumulation starting on Wed ending this morning, I have them all locked up in a sell order at a high PPS on a GT60 order, so that [this is a theory, but it certainly can't hurt] the MM's cannot use them for anything nefarious, because they are committed [locked up] in an order.
This is a total sleeper stock "Big Time", but I think a lot of eyes are on it. I know that after the last three days of me accommodating all sellers and buyers, I was able to keep the PPS within my buying target. It was fun, the MM's would have a sell @ .0011, and I would put in an order for 4,5 times that and they would partial fill the order and then jump the ask, thus making my order a partial fill bid order and the top of the list, all of them filled out, one was a carry over into the next morning, then it filled out.
I just played this game because I was the only game in town...lol
Absolutely nobody was even there the whole time, I couldn't believe it!
Someone came in with a pitiful 500k bid above me once @ .001 [that nobody was hitting] when I was @ .0009 so I just jumped over them hitting the ask @ .0011, which is where my buy ratio is centered.
I think you're right Guitarzman, of late the ask has been dwindling down to nothing, and when it's get's hit, it goes right down even more leaving partial fills in it's wake.
While the bid is increasing, but not getting hit.
They are hoarding shares not really giving out much at all, because they don't have that much to give.
This is an interactive [One year] chart, take your mouse and move it to the individual green candles and hold it there. It will give you the historical volume for that candle. For the PPS moves that it made the volume was at it's highest last June, they were all under 50 Mill.
This is exactly when the accumulation started on the chart, it's been rising ever since this month gradually, it's currently sitting above the 150 Million mark on the A/D indicator. The OBV is in lock step with the A/D line showing money flow in during this accumulation period along with the PVT [Price Volume Trend], all three are in lock step with each other from June to now.
It's currently sitting @ .0007 on a painted close, sure the MM's would love to buy your shares there, I saw the bid above 7 Million, and they would probably even buy more than that.
This stock has historically punched up in PPS on air shares, and it's sitting @ a seven month accumulation period.
If this baby hits a long term catalyst like a progressive rebirth and comes alive again with as tight as it has been trading, this thing will just go ballistic.
https://www.barchart.com/stocks/quotes/ASFX/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=0&indicators=OBV;ACCUM;CHKMF(20);RSI(14,100);BBANDS(20,2);EXPMA(9);PVT&sym=ASFX&grid=1&height=500&studyheight=100
Yup totffe, use that same link & punch in ASFX and click on Dec and Nov 2017. There were seven market makers on it, with NITE doing the lion share for both months.
http://otce.finra.org/MonthlyShareVolume
Punch in ASFX for January monthly share totals: http://otce.finra.org/MonthlyShareVolume
Looks like there were six different market makers on it for 01/18 with NITE being the biggest.
So American Scientific Resources is not current in Nevada or Delaware or Florida:
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=AMERICANSCIENTIFICRESOURCES%20F110000027670&aggregateId=forp-f11000002767-9e28a1bf-eca0-4364-91d4-9f5a6e7edaea&searchTerm=AMERICAN%20SCIENTIFIC%20RESOURCES%2C%20INC.%20&listNameOrder=AMERICANSCIENTIFICRESOURCES%20F110000027670
But is current in the state of Florida through 'Foreign Profit Corporation' as a registered agent.
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2011%5C0715%5C09466692.Tif&documentNumber=F11000002767
And Foreign Profit Corporation is BROOKLANDS, INC.
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=AMERICANSCIENTIFICRESOURCES%20F120000009830&aggregateId=forp-f12000000983-2dd5fb59-ae0a-424b-bbda-ad5e441dae66&searchTerm=%20American%20Scientific%20Resources%20Inc.&listNameOrder=AMERICANSCIENTIFICRESOURCES%20F110000027670
These guys have jumped through more hoops than Bozo's bigtop circus.
It looks like they were doing their level best to just run away and hide under a bunch of rocks.
So once they are cleared from all financial liability from Ch 7 bk and they want to come outside and play with the rest of the children, this is how I see it possibly playing out:
Makes sense that they would just wither away and die, logically speaking, because they just gave away all of their liquidity + assets, and have nothing except the shell.
So, this is my 1st bk, I might just look back on it as a major colossal snafu, or the smartest thing I've ever done, flip of a coin.
Anyway my thoughts are they were talking about a R/M like five years ago at the beginning of this mess right. 5 years, pretty long time.
Could of been total bs then and now, as a perspective.
If you look at their filings up to the point of Ch 7 declaration, they were all up to date and a current filer.
But all that takes money, of which they have none.
But it would be a pretty quick audit of zip, right?
And then back file for five years and they are current.
Could happen.
My thoughts on it are, what if they already have a R/M candidate in mind floating them some cash for the filing update, as part of a negotiation taking over the shell.
Also the private company wanting to go public would want shareholders of record to stay on during the transfer, if they want to uplist right? I think you need over 100 to move up past pink sheet current, to the next tier and stability over .01 for a specific time period.
This is why I am thinking that when the judge signs off on the TFR and closes the case file, the commons will stay intact going forward as a security plus, not a negative. Heck it could be a condition of a possible LOI down payment.
Or, none of that is in the cards at all, and they just file a form 15 and move on. But they will have absolutely no liquidity at all and probably no chance to get any if they kill all the common shareholders.
That would be a death nil to the stock, who would want to buy it?
The owner could just as well throw it out the window, for all the good it would do.
Take a look at L2 and then watch what happens to the ask after it gets hit for an insanely small amount, and they jack it up while holding a HUGE bid wanting shares.
I've been watching it for a while now and it's trading real tight for a stock at these levels. Well, it's trading just like a shell would trade, but the MM's aren't handing out very many shares at all. Makes it hard to accumulate a position unless someone selling at the bid or the ask.
I'm thinking that if the commons stay intact after the case closes, and buying comes into it the stock will just fly up the charts.
The reason there is very little to no buying, is the uncertainty of whether or not the common shareholders are going to be in existence at all after the case closes.
I don't see any financial reason for dumping all the common share holders in the burn pile and walking away.
But maybe the market makers do. If the MM's sold shares that were not cleared through the transfer agent thinking all along that those shares were just going to get wiped clean in the end, and they would just walk away like fat cats in the alley.
For purposes of this issue please read this xlent post this evening that I think is pertinent: #msg-138437088
I really don't want to get into a prolonged argument with anyone over the topic of short volume vs short interest, because that is not what this is about at all. I'm talking about the possibility of pure MM manipulation of a dark unreporting stock.
https://otcshortreport.com/company/ASFX
What would happen to the stock if suddenly they weren't dark any longer, and became a reporting stock that became all up to date.
If the MM's were selling shares they don't have and then suddenly became responsible for them they would totally flip out.
Fact: As of five years ago the share structure was locked up tight with no releases from the treasury at all, None. Zip-
Item 1.03.
Bankruptcy or Receivership.
https://backend.otcmarkets.com/otcapi/company/sec-filings/8491890/content/html
On February 27, 2012, an involuntary Petition under Chapter 7 of the United States Bankruptcy Code was filed against the Company in the United States Bankruptcy Court for the Southern District of Florida. No order for relief has been entered by the Bankruptcy Court nor has a trustee in bankruptcy been appointed by the U.S. Trustee. T he Company does not intend to seek dismissal of this Petition.
As a result of this Chapter 7 proceeding, the Company will no longer file periodic reports under the Securities Exchange Act of 1934 and thus (i) its Common Stock will no longer be traded on the Over the Counter Bulletin Board, and (ii) its shares will no longer be eligible for legend removal under Rule 144 for failure to continue to meet the current reporting requirement under Rule 144.
------------------------------------------------------------------------------------------------------------------------------------------------ Prior to the Ch 7 declaration this agreement was made, I think it is null and void in it's entirety, because of the Ch 7 bk just after it and I'm sure that it was covered during the five year period.
https://backend.otcmarkets.com/otcapi/company/sec-filings/8435342/content/html
The Purchaser also assumed an aggregate of $ 1,785,745 of principal and interest owed by the Company under certain of its outstanding convertible notes. The Asset Purchase Agreement provides that if within five years from the date of closing either (i) all of the issued and outstanding shares of common stock of the Purchaser are sold to a third party or (ii) all or substantially all of the assets of the Purchaser are sold to a third party, then the Purchaser shall pay the Company $4,000,000 less any amounts already paid by the Purchaser to the Company as a part of the purchase price described above. Also on February 23, 2012, the Company, the Purchaser and the holders of assumed debt entered into a consent agreement (the “Consent Agreement”) pursuant to which the holders consented to the Purchaser’s assumption of the debt and agreed to release the Company of all legal and financial responsibility, indebtedness and liability with respect to the notes.
----------------------------------------------------------------------------------------------------------------------------------------------
So has anyone been in contact with the transfer agent for the current A/S O/S ?
I've sent them two fixing to be three e-mails, and I haven't heard jack squat from them.
https://www.otcmarkets.com/learn/service-providers/2350?t=6
We have a board member that is registered with PACER, this is their last update on the court case: #msg-138135921
It's up in the I-Box, I'll make sure to leave the next PACER update up as a sticky post.
M-
OK, so any idea what this is all about?
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=AMERICANSCIENTIFICRESOURCES%20F120000009830&aggregateId=forp-f12000000983-2dd5fb59-ae0a-424b-bbda-ad5e441dae66&searchTerm=%20American%20Scientific%20Resources%20Inc.&listNameOrder=AMERICANSCIENTIFICRESOURCES%20F110000027670
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=AMERICANSCIENTIFICRESOURCES%20F120000009830&aggregateId=forp-f12000000983-2dd5fb59-ae0a-424b-bbda-ad5e441dae66&searchTerm=%20American%20Scientific%20Resources%20Inc.&listNameOrder=AMERICANSCIENTIFICRESOURCES%20F110000027670
Same guy right?
Robert T. Faber and the Board of Directors
American Scientific Resources Incorporated
125 NW 11 th Street
Boca Raton, FL 33432
https://backend.otcmarkets.com/otcapi/company/sec-filings/8491890/content/html
1st, I'm going to save up all my I-Hub tokens, and invest them all in penny stocks, long and strong.
Then, I'm going to take a portion of my proceeds, and go to the I-Hub store and purchase a brand new I-Hub T-shirt and boxer brief package, with the logo on the back.
Then, I'm going to walk down the street lowridin my pants, showing off my I-Hub pride from the backside.
Yeah Baby It's like that!
It's a Jedi mind trick to entice you offsite:
https://moisesprobabilidade.blogspot.com/2018/01/publicado-23012018-numa-analise-de-todo.html?zx=3f9b06a18da43677
No it's not all bad, and I totally agree with President Trump we're getting screwed on these trade deals, and have been for a very long time indeed.
And he's right China has made out like a bandit, hell before Nixon went over there and started negotiation's with them, they were a third world country.
He just wants everything on a level playing field that's all. You want to ship your stuff over here, then you need to let us ship our stuff over there, simple.
But that's not happening at all, and they are doing it with a VAT tax [Value added Tax] on goods coming into their perspective countries.
That's not free trade at all.
Check out who is not doing that, and not on the list of countries doing it.
https://www.uscib.org/valueadded-taxes-vat-ud-1676/
You got it the U.S.A.
Screw'em, I think if those countries are putting a VAT Tax on all imports coming into their country, slap one on them too, and make it a high one.
Just my two cents.
M-
Here's What A Weaker Dollar Means...And It’s Not All Bad
https://www.investing.com/analysis/heres-what-a-weaker-dollar-meansand-its-not-all-bad-200287826
Rare Dollar Correlations Signal More Market Turbulence Ahead
The US dollar's correlation with a number of key US instruments is shaping an unusual pattern generally associated with periods of market turbulence, according to BNY Mellon’s chief currency strategist Simon Derrick.
“It seems worth highlighting that the levels of correlation currently being seen between the USD Index and key US asset markets have previously been associated with either the run up to or the aftermath of major market events."
In a note to clients, Derrick said the 200-day rolling correlation for the NASDAQ Composite against the dollar index is standing at -74.8%
The correlation between the dollar and the Treasury yield curve is not far behind, according to Derrick. The correlation between the dollar index and the U.S. government 2-year/30-year yield gap stands at 68.8%, he said.
The correlation between the dollar index and “outright Treasury yields are catching up rapidly with both groups with the number against the 2-year at -65.6%,” Derrick said.
Rare Collective Occurrence
"He noted that it's rare for correlations of this strength to appear collectively for any length of time; it's happened just three times over the past 40 years".
The first instance occurred in late 1978, during the latter stages of a two-year dollar downtrend fueled by lax US monetary policy. The gap between headline inflation and the Fed Funds rate stood at similar levels to those seen over the past few years.
This move, in turn helped the S&P 500 sustain its post-1974 rally. However, at the time the Fed was tightening policy as it fought to bring inflation back under control.
The three-month period during which the correlations reached the extremes currently on view coincided with the dollar finding a base as the Fed continued to tighten. It culminated with a 15% slide in the S&P 500.
The second time came in the summer of 1987 and coincided with the latter stages of the post-Plaza Accord dollar downtrend. The 1985 Plaza Accord was an agreement between what was then the G-5 nations—West Germany, France, the US, Japan and the UK—to manipulate exchange rates by depreciating the US dollar against the Japanese yen and West Germany's currency at the time, the Deutsche mark, with the aim of correcting trade imbalances. In that case however, the yield curve correlations did not reach the current extremes.
At that time the Fed was tightening policy in order to stabilize the dollar and a sudden rise in inflationary pressures, while the S&P 500 continued to rally aggressively. The correlations abruptly fell apart in October 1987 following Black Monday, when stock markets around the world crashed and the Dow plunged 507.99 points.
The note said the third time came between December 2008 and May 2009, but this period differed from the previous two because it happened after, rather than before, a major stock market slide.
https://www.investing.com/analysis/unusual-amount-of-dollar-correlations-signal-more-turbulance-ahead-200287313
Threats to U.S. Agriculture from U.S. Trade Policies
http://econofact.org/threats-to-u-s-agriculture-from-u-s-trade-policies
COMMODITY FUTURES TRADING COMMISSION
CFTC TALKS
ANDREW BUSCH CHIEF MARKET INTELLIGENCE OFFICER
with
BRUCE TUCKMAN CHIEF ECONOMIST
Transcript of the Podcast:
http://hwcdn.libsyn.com/p/8/8/6/886793ee009ccccd/CFTC_Talks_Ep_29_Transcript.pdf?c_id=18938496&expiration=1517946814&hwt=6ead2993277e85f185b3ca34edddea6d
Podcast:
http://hwcdn.libsyn.com/p/f/b/a/fba6abbab033803e/CFTC_Talks_EP029.mp3?c_id=18914782&expiration=1517946685&hwt=c271667ecf8056d11dd446132aa3af61
http://www.cftc.gov/Media/Podcast/index.htm
Stocks Plunge Erasing 2018 Gains
http://www.ino.com/blog/#.WnoFtUxFzmI
Market Commentary
http://www.ino.com/news/commentary/
Real-Time Stock Indices Futures
https://www.investing.com/indices/indices-futures
Volatility in Financial Markets has grown significantly
https://www.investing.com/analysis/volatility-in-the-financial-markets-has-grown-significantly-200287351
Don't Forget What Causes a Recession
They have this nasty habit of showing up when least expected.
https://www.bloomberg.com/view/articles/2018-02-06/don-t-forget-what-causes-a-recession
Correct, and for any changes to happen @ FINRA, company filings would have to be all up to date. I'm pretty sure in order to file a 15c2-11 by a market maker, to apply for a ticker / name change.
http://www.legalandcompliance.com/securities-law/finra-compliance/
I think that's the form that would need to be completed.
As of the end of Dec 2017, there were a ton of market makers on it.
http://otce.finra.org/MonthlyShareVolume
Hurry up and wait.
M-
Thxs jhnvtjll, I didn't see that-
ASFX Hey Almost A Myth, "Check This Out" with a private non-profit in New Orleans LA, that has a registered domain name of ASFX that was updated @ the end of 2017.
What's up with that?
https://www.whois.com/whois/asfx.com
Richard Smith
http://newdesignstudios.com/pages/aboutus.html
http://newdesignstudios.com/pages/contact.html
http://newdesignstudios.com/pages/designs.html
Registrant Name: GREGG OSTRICK
Registrant Organization: GNO, INC.
https://www.ipaddress.com/websites/ostrick.com
http://gnoinc.org/
http://gnoinc.org/initiatives/
http://gnoinc.org/initiatives/business-development/
It looks like GNO Inc. is looking to go public?
http://gnoinc.org/initiatives/product-development/financial-capital/
Access to Capital
While the “new” Greater New Orleans is rich in ideas and energy, it is lacking in the early-stage capital necessary to fund these ideas and harness this energy. More specifically, the angel and venture capital markets in New Orleans are young and undersized compared to other markets in the country; a recent case-in-point was a New Orleans company that raised millions from blue-chip East and West Coast equity firms, but was unable to raise any early-stage capital locally.
GNO, Inc. aims to correct this market deficiency by working with the New Orleans Startup Fund and emerging venture capital and angel investor firms to provide entrepreneurs and startups in Southeast Louisiana with access to early-stage, “proof-of-concept” funding sources.
GNO, Inc. also recently fought to reinstate the Angel Investor Tax Credit Program. The program ensures that private investments made into qualified Louisiana-based startups will receive a 35% tax credit.
Public Policy
http://gnoinc.org/initiatives/product-development/public-policy/
It begs the question, why would they own a domain name of ASFX.COM, that was updated at the end of 2017?
Does this have anything to do with prior "Alluded to" Reverse Merger discussions in the BK Docs?
PACER Update showing emergence from Ch 7 [Final checks sent out]
#msg-138135921
If this is the case, I would look for back filings to come out updating the entity, making it current with FINRA, and a possible Ticker / Name change "Before" any Merger announcements are even made.
Watch this space-
Mariner*
Hey Almost A Myth, "Check This Out" with a private non-profit in New Orleans LA, that has a registered domain name of ASFX that was updated @ the end of 2017.
What's up with that?
https://www.whois.com/whois/asfx.com
Richard Smith
http://newdesignstudios.com/pages/aboutus.html
http://newdesignstudios.com/pages/contact.html
http://newdesignstudios.com/pages/designs.html
Registrant Name: GREGG OSTRICK
Registrant Organization: GNO, INC.
https://www.ipaddress.com/websites/ostrick.com
http://gnoinc.org/
http://gnoinc.org/initiatives/
http://gnoinc.org/initiatives/business-development/
It looks like GNO Inc. is looking to go public?
http://gnoinc.org/initiatives/product-development/financial-capital/
Access to Capital
While the “new” Greater New Orleans is rich in ideas and energy, it is lacking in the early-stage capital necessary to fund these ideas and harness this energy. More specifically, the angel and venture capital markets in New Orleans are young and undersized compared to other markets in the country; a recent case-in-point was a New Orleans company that raised millions from blue-chip East and West Coast equity firms, but was unable to raise any early-stage capital locally.
GNO, Inc. aims to correct this market deficiency by working with the New Orleans Startup Fund and emerging venture capital and angel investor firms to provide entrepreneurs and startups in Southeast Louisiana with access to early-stage, “proof-of-concept” funding sources.
GNO, Inc. also recently fought to reinstate the Angel Investor Tax Credit Program. The program ensures that private investments made into qualified Louisiana-based startups will receive a 35% tax credit.
Public Policy
http://gnoinc.org/initiatives/product-development/public-policy/
It begs the question, why would they own a domain name of ASFX.COM, that was updated at the end of 2017?
Does this have anything to do with prior "Alluded to" Reverse Merger discussions in the BK Docs?
If this is the case, I would look for back filings to come out updating the entity, making it current with FINRA, and a possible Ticker / Name change "Before" any Merger announcements are even made.
Watch this space-
Mariner*
Thxs for the PACER update Street, I-Boxed it along with all the others.
I guess once all the checks have cleared, the trustee will ask the court to close the case, and then it will be done.
Then we'll get to see what transpires with the stock.
I think there are a lot of onlookers sitting on the sideline, just waiting for the emergence form bankruptcy.
M-
$ASFX
ASFX PACER Update .001 Emerging from Ch7 - Chart
Shell Stock
$ASFX PACER Update
The 5 Best Revolvers (Ruger and Smith & Wesson Made the Cut)
http://nationalinterest.org/blog/the-buzz/the-5-best-revolvers-ruger-smith-wesson-made-the-cut-24244?page=show
That's the general consensus m0n, yes.
$ASFX$ PACER Update .001 Emerging from Ch7 - Chart
Shell Stock
$ASFX PACER Update
$ASFX PACER Update .001 Emerging from Ch7 - Chart
Shell Stock
$ASFX PACER Update
I think you're referring to chapter 11, where the preferred shares holders end up with the liquidity and the benefits and the common share holders get the shaft.
In this chapter 7 bankruptcy all the debt is settled, and the company comes out the other end intact, preferred and common share holders alike.
What possible reason would there be to affect any shareholders at all?
I don't think that's going to be the case here at all.
It has nothing to do with any subject matter the stock is involved in at all. The chart is a production element showing the progress of a stock, any stock, any chart, it doesn't differentiate for where the stock is listed. It just charts, that's it-
This has been an ongoing argument for years that charts have no basis and should not be considered down in sub-penny land. I'm not going to go there with you on the validity of charting, you either think they have value, or you don't.
That's it, end of story-
Good point Damascus, volume before price and consolidation periods in stages going up through the tiers.
Pacer updates are just about finished, so yes I agree, we should hear something from the company.
Maybe that communication will just come in the form of filings.
One look at the chart and those tightening Bollinger bands, reinforces the stair stepping you described, and what the chart is about to do next.
https://www.barchart.com/stocks/quotes/ASFX/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=0&indicators=OBV;PTP(50);ACCUM;CHKMF(20);MFI(14,100);RSI(14,100);BBANDS(20,2);EXPMA(9);HLMA(10,8);SMA(5);SMA(50);SMA(200);SMA(20);SMA(10);TRIX(15);SRSI(14,20);WILLR(14,40);MOMENT(20);OI&sym=ASFX&grid=1&height=500&studyheight=100
That will happen Guitarzman once they start receiving material events in the form of filings.
I think that will start happening soon.
Thank you Almost A Myth, it was this most excellent DD post that sealed the deal for me wanting to be in this stock.
Before reading any DD or anything, I just looked at the chart and a perfect symmetrical triangle was right there.
With all the green candles in the mix, I knew this chart was going to go only one way, and it certainly didn't involve going back to trips.
Excellent DD support by a lot of I-Hub members gathered in this one post.
I read them all before I purchased a single share.
Well done all! And thanks for all the preliminary work all, looking forward to being a part of the team here!
Mariner*
Good point alwaysdreaming, one in the hand is worth two in the bush. But if speculation turns into real events, and preliminaries start showing up building the foundation for a merger, or if anything shows up in the filings [if there are any released] stating preparations for a reverse merger? Look out-
They don't even have to say that we are undergoing one, or are in contract negotiations for a R/M.
All they have to say is that we are preparing the stock for an eventual reverse merger that may, or may not happen in the immediate future, and the stock is going to blast off. imo-
Exactly, cause and effect. You don't walk out the front door unless you have a good idea of where you are going.
I think that they have a plan for the ticker symbol, and once they have cleaned up the filings, [we hope] and filed for a ticker / name change [we hope], that will be the finalization for the completion of a reverse merger agreement. *[we hope]*
Fingers crossed here, but that looks like the culmination of events going forward.
Hey imjtw2u, click on this finra link and punch in ASFX and you will see volume totals ytd for 2017. January 2018 volume totals will be out the beginning of February. But if the chart is any indicator there has been a big upswing in share accumulation starting the beginning of Dec 2017 along with $Money Flow$ in.
Chart is sitting right @ support levels .001 Market Makers are being real tight on shares, I don't think that they have many at all to sell, once you hit their ask they bump it up right away and lower their offer.
Once you get a lot of peeps wanting to build a position in the stock the MM's are going to rip it-
http://otce.finra.org/MonthlyShareVolume#
Ardbeg, I think there are a lot of eyes on it, Twitter shows a lot of prying eyes on what's going down. Peeps are waiting for everything to get finalized it looks like.
The early bird gets the worm on this one, I would want to already have an accumulated a position "Before" the market says it's a go.
https://twitter.com/search?q=%24ASFX&src=ctag&lang=en
Hey DD_dempsey, if ASFX had a prior LOI agreement for a Merger five years ago, I don't know if that would still be in effect. But the company planning on emerging from Ch7 bankruptcy proceedings might have, or be in another negotiation for a merger agreement. [or at least be on the market]
If they want to follow through with a reverse merger candidate, they will indeed have to back file as you suggested, and bring all their filings up to date.
If we see this happening, then we will know what the outcome is going to be.
They are getting set up for a reverse merger, with no debt and a clean share structure.
This is exactly the type of clean shell a private company would want to merge into with no entanglements.
Works for me, so now we are awaiting the final approval agreement signoff by all parties involved to compensate the attorney and the trustees for the stated amounts, and once that is finished then it's case closed?
Will there be a final pacer announcement stating the court is finished with the case?
I wouldn't think that it would take very long to break out the check book and pay off everyone, after five years I'm sure everyone is ready to see everything finalized.
M-
Unless prior to the filing of the chapter 7 bankruptcy, ASFX paid for services with common shares or paid off notes with common shares [or had agreements to do same], then they could be cashed out in the market after the bankruptcy is cleared.
But that doesn't make any sense to me because the whole concept of filing would be to get relief.
Any outstanding notes or debt would have been covered in the bankruptcy procedures, right?
So, why wouldn't the common shares survive at the closing?
I see no stipulation stating otherwise, do you?
I think the common shares are good to go-
M-