On the SEC filing 8k for june 1st. Day of split. It says approximately 17M shares AFTER a 1 for 20 RS.
As of the proxy statement on August 5th the filing said 70M shares outstanding.
So from June 1 to august 5th. Approximately 53M shares added. Or about 200%
So this "analyst" is way wrong.
Also on a side note. I have been here since August 2nd. When we saw a spike of PPS to .078. I unfortunately held hoping for more PR during the Outdoor Retailer event to no avail.
I called the Investor Relations contact and it seemed he had no clue as to what was really going on with ASTI. Because I asked how come no PR about contracts or even the "best in show" award given to ASTI. I said ASTI has been very good at social media posting pictures and videos but really no PR???
IR stated he advised them to be "more transparent". He also said they are in search for "more financing". He did at first when I mentioned the whole PR thing that I shouldn't "listen to message boards" because stuff was made up. I then had to tell the IR guy that he should check ASTI social media sites. While I was on the phone earlier with him he did so and said "huh, maybe they are waiting to do so."
Needless to say the IR guy knew less than I did. Awesome!!!
So the gist of the conversation I had with this IR guy named adam, as stated on ASTI website, was that ASTI is in search of financing, they were told to be more transparent (however I would think shareholder transparency is pretty important too), and that he could not tell me a PR was coming due to "Insider info" that maybe they were waiting to put something out soon, and that the Financials would be out before the 15th as this is "when they are required to".
So I have been here for about 2 weeks. And yes I am way down now. I should have sold when I had several opportunities to but thought that MORE news was coming. Boy was i wrong.
I keep reading about these "charts" people claim to be looking at and runs are coming. But clearly with no news I doubt the MM's will be running it up. On a positive note though I must say the PPS , relatively speaking, has done a VERY nice job holding all the gains since end of July I believe the 25th and then august 1st and 2nd. Even with about 50M shares or more being traded since then.
I do think there has been a lot of accumulation and IF....IF.... there is news coming about contracts or outdoor retailer and awards or even an increase in revs then this will be a runner.
I've been hiding in the shadows and observing. I just hope these "chart readers" are right. And I HOPE this frigging company gets off its AZZ and puts out some dam PR.
Sorry I've had to get this off my chest
