American Scientific Resources (ASFX)

[Mariner*]

OK, thxs but this has absolutely nothing to do with this stock because we are just now exiting out of chapter 7, and all the notes to my understanding are taken care of, right?

Also, this whole right up is just a sales pitch by this lawyer so therefore it's spam site wide.

"BUT WAIT! There is a solution that makes sense that is legal and puts both the issuer and the lender on better footing. The plan for a new class of convertible preferred equity designed solely to allow the convertible note holder to actually use the booked liability to really “invest”, short term, into the company. My group has been using this method of debt remediation rather successfully with no issues other than some lender pushback. Now with APLINE’s Friday the 13th massacre, I think that will change as well. The lender eventually gets what it wants out of the deal; the issuer gets the liabilities removed from its balance sheet allowing them to go out and raise more traditional capital; the pressure on the stock is alleviated, no more lawsuits, no more angst, its really a win-win for both sides. Less booked liabilities, more capital is available improving the company’s financial outlook, and in 6 or 12 months, the former lender, and now shareholder, can convert into common with no clearing issues".

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It's a total spam promo.

Mark R. Basile, Esq. is a nationally known corporate restructuring and workout attorney and is a member of The Basile Law Firm P.C. The Firm represents numerous OTC and Pink Sheet companies in litigation and corporate restructurings. www.thebasilelawfirm.com. Mr. Basile is also director of OTCWORKOUTS LLC www.otcworkouts.com