Astra Veda Corp (ASTA)

[pennies4beer]

my 2 cents IMHO...

The size of this RS is what reeks here. 1:2000 puts them at .20 per share which will give them plenty of wiggle for "when" the stock sinks again as all they care about is staying above a penny and this gives them the room to accomplish this. As someone else posted, they have notes to convert. The math is simple...current O/S divided by 2,000 and then start tacking on more dilution.

And this is coming from a current bagholder. I'm on vette's list.

As someone stated on another board - bet the jockey, not the horse. I was hoping the split would have been no more than 1:500. This tells me we're heading for a 60-70% pps drop from the .20pps post split (maybe more)

Sad