Auscrete Corporation (ASCK)

[Dr PennyStock]

This stock did not trade at .99 a year ago. If you see on the chart bellow, you can see that this stock made an IPO in 2015, and, began to trade on 06.08.2015.

Attention, this is the weekly chart.

https://www.tradingview.com/chart/WYoMwjYj

You can see that the first four candles were four 4 Price Dojis. 4 Price Dojis are candles where the open, close, HOD and LOD are at the same price. The candle looks like a very short line. This kind of candle happens on very tiny volume. You can see that the first three candles were at .1978. The fourth was at .9817. But you can not consider this trading. Take a look at the volume bars. Do you see any volume on these candles? No, nothing, and, these are weekly candles. It means that maybe one or ten shares traded per day. This is totally irrelevant, You can not say that one stock really traded at certain price, if it traded there one or ten shares. This happened because when a stock trades for the first time, on an IPO, or after a R/S, the spread is gigantic, sometimes a 500% or 400% spread, and, I bet that it was what happened here. The bid was .20, and, the ask 1.00, so we have the first three candles at around .20, and, one at around 1.00. You can also see that the first three candles happened in June, and, the fourth one, at .99, happened on Novemeber. It means that the stock did not even trade one single share at least for 3 consecutive months.

The first real candle is the long red one, with HOW(High Of the Week) at .37 and close at .1783.

And even here and the months after, you can not see any volume, only 4 or 5 times, a little "shadow", red and green. Even here you can not consider this trading.

Only 5 weeks ago, you can see real volume bars on the chart, so only now this stock is really trading.

Anyone saying that this stock traded at .99, is in fact trying to pump the stock, nothing else.

Also, past prices do not guarantee anything, past prices are only used by technical analysts like me, to find possible resistance points, nothing else.

If this stock is trading at .009, is because the market thinks this is the fair price for this stock. Past prices do not matter.

What is important and what the market uses to price a stock, is the present and the future, never the past.

I trade penny stocks for a living since 1997, and, during the internet bulb, back in 1997 - 2001, I saw several penny stocks trading at $500 - $1,000 per share, yes, unbeliavable, but true. I remember perfectly one stock that was trading at around $750 at the time, and, when the bulb exploded, it has begun a strong downtrend, that brought it from $750 to around .01 in a few months. Now do you think that this stock recovered again to $750? I tell you. Not even to $1.00, not even to $.50, not even to .05. It was trading sideways for about 1 year, and, then went bankrupt.

Conclusion, past prices do not matter when analyzing a stock, the past is past, and, in this case, that past(.99 trade) did not happen.

Now let's talk about what matters, the present. The charts look great, because the stock recovered about 400%, from around .002 to .0099, and, this is due to rumors of new projects, funds buyout, financing, and, this is what is sustaining the charts. Only these rumors are enough to boost a run to .02 - .05. If these rumors are confirmed, then it can go even higher, but, as you see, this is being done usingh the present and the future, not the past.

About talking to management, I am totally against it, because it is a loss of time, and, they use people that contacts them, to pump the stock. It is always the same, they lie, they skip important things, so they are not trustable. You should only focus on the charts because they tell you the truth. It doesn't matter if the management says that the stock should trade at 1.00 when it is trading at .009, or that the price should go up, when it is going down, and, here I am not talking about this stock specifically, I am talking about any stock, pink sheet or blue chip, ASCK or MSFT.

I am a trader, never an investor, precisely to be defended by unethical and dishonest CEOs.

During these almost 20 years trading penny stocks, and, also some listed stocks, I saw a lot of things happening, for example CEOs being arrested due to false PRs, due to books cooked(Enron's, Worldcom's and Lehman Brothers' cases), lying all the time about dilution.

Due to this, my Nr. 1 rule since many years is: Never trust any CEO or management of any company.

Now about ASCK specifically. Like I said on another message a few days ago, the IR person is clearly lying about the dilution, and, of course that this is being supported by the CEO. This person, Lee, said a few days ago on an email to someone, that only $5,000 needed to be diluted to end the dilution, and, since then, almost $500,000 were traded, most part being dilution, so I am here like on any other penny stock I trade, only for the money.

As long it does what I want, as long the trend is up and strong, even the dilution doesn't matter, because anyway, all penny stocks have dilution, I will be here to squeeze any cent profit I can. I advise all to do the same.

Trade them, do not marry them.