Auscrete Corporation (ASCK)

[munimi]

A/S is increased to 20 BILLION shrs for a reason, So be careful if you are new to this stock

this is from the most recent 10-Q :
https://ih.advfn.com/p.php?pid=nmona&article=75488370

The Company had authorized capital of 5,000,000,000 common shares as of May 31, 2017.and subsequently on June 6, 2017, the company increased the authorized capital to 20,000,000,000 shares (20 billion)

Also keep in mind the O/S numbers on OTC Markets website is incorrect , current O/S is likely be around 1 billion shrs after all these dilutions have been taking place , and still continues rising. Company gagged the TA while diluting, and Conv. debt holders have a huge discount. I would recommend everyone to do some DD , company is in dire situation. And the likelihood of another 1/100 Reverse Split is very very high here ( last RS took place when stock crashed to 0.0001-2 , that was 5 months ago ) and now it's almost back down there again , in that short period of time.

Australian CEO Sprovieri and supposed to be IR guy Lee Odom playing "opossum" while diluting the heck out of this and even worse they gagged their Transfer Agent , so TA cant give out the share structure
Something doesnt smell right here, and no I am not talking about the ridiculous 20 billion!!! A/S :):)
Also everyone should be careful with that upticknewswire stock promoting firm , I believe they are being compensated(paid) by Sprovieri to pump the stock up while convertible note holders dumping
There is a good chance Sprovieri may be waiting for 0.0001-2 again to announce another 1/100 RS

Company is just on the paper at the moment , has been for a while actually. No revenue, no cash , no building, even no land. The building ( to manufacture concrete blocks ) suppose to be over in last year , and now they say suppose to be over in March, but there is no way in hell that will happen, since they didnt even acquire(paid for) the land yet. Just recently at Glendale City meeting, city manager said; Auscrete is late for the payment and they need to re-apply if they want the land ,which is for the building supposed to be built. So the land wasn't even acquired yet, how can they even start the building, let alone manufacturing anything, complete comedy.
This will take at least another 6-12 months from today's date.
And I think 0.0001-2s and another 1/100 Reverse Split will likely be here before then
By the way that IR guy Lee Odom is complete joke , try asking Odom anything , why this guy is even paid for doing nothing boggles the mind

Heavy convertible dumping still in progress
I contacted the company with questions , if they answer I will share here. So far however, nothing CEO said or predicted over the months and years ever came true .I highly recommend everyone to go check out on youtube to listen his past interviews. Sprovieri's numbers and predictions and projections regarding shr.price and building are pretty comical if you compare to it now.

Here they are:
November interview:

September:

May:

$160K worth of convertible debt due right now, which is being dumped on the market as we speak. Company also acquired more convertible debt , as you can see in most recent 8-Ks
Plus the TA agent says Sprovieri gagged them so they can not give out the Share Structure , which is a common practice by CEOs when heavy dilutions taking place. Apparently convertible note holders ordered Sprovieri to gag the TA while they are dumping hundreds of millions of shrs on the market
Last R/S ( 1 for 100 ) was 5 months ago at 0.0001-2 ( yes 5 months ago) and now the share price is almost back down there , wow

So, the next R/S at 0.0001-2 again?
We shall see soon I guess
Again, A/S is increased to 20 Billion shrs for one reason only!

Contact:
Lee Odom
VP of Business Development Director of Investor Relation
Email: [e-mail]
Phone: [phone]
Website: www.auscretehomes.com ( btw, looks like the website hasn't been updated since the 1990s , lol)