American Security Resources Corp. (ARSC)

[blindinvestor]

Careful Squeegee. I posted some time back that we could go to around .15. Lowman thought we would hold higher, when we were in the .20 to .21 range. But volume was drying up, and some sellers were going at the bid as you mentioned. Then we come to the unknown of what is going on with the company. When Bob Farr, ARSC President stated in the first quarter that they would be filing for UL certification in April, and here it is June, then what is the reason? The real key is that they did not come out with any news or reason for the delay. However, the fact is that the President of the company misstated, and never came out with a clarification statement. When that happens, some investors may start to wonder what else is not going as planned. Or what else has been misstated. And so on, and so on. In my opinion, UL certification and FCC approval are somewhat critical components of an electrical production unit. So this certification program appears to be very important in the whole spectrum of the company.
All of us have probably also read about their capital raise, and even their first quarter Q reported somewhere around $400K in corporate cash. What is their quarterly cash need? If the company is going to require additional capital, and in my opinion they will in order to reach production, then the share value has great meaning. Unless they go to some of the capitalists around the New York area. If they have to do that, then the share value gets into a "death spiral" as those companies usually sell shares into the market at a discount in order to provide capital to the company. The company could dig itself into a hole that they can never recover. The next few weeks could be very interesting. Hopefully, they will get this slide turned around with some good important news, and quickly. Or .15 will look good in two or three weeks.