I have been watching this thread for a couple of months now. I like to have opinions from both sides of the fence. It helps make better decisions. Let me start by saying that I know very little about stocks. What I do know is common sense. Let me pick apart some of ASCK's last statements:
"Long term financing secured – away from the customary convertible notes."
Who is financing? And, WHY? A 70 year old man starting a business venture would not be a good investment when there seems to be nothing to back it.
"Land Acquisition for the flagship facility in Goldendale WA is complete."
From what I read, the property was sold way under market value. WHY?
"A newer Ford F150 work truck has been acquired to augment the currently owned F250 which is being overhauled, giving ASCK two-daily work trucks."
Newer truck? Newer than what? The broken down truck? Why not tell us the year? 1975 is fewer characters than "newer". So, why leave out the specifics? If you can get financing, why start out business with a broken down vehicle? They are prone to failure. Not good in business.
"The company’s 1996 Volvo WIA road tractor is undergoing refurbishment in preparation for the company’s product deliveries to building sites."
Again, why the broken down truck for deliveries? It would be better to start building a business than rebuilding a truck.
"The existing hydraulic casting tables are being resurfaced to enhance the final appearance of the cast wall and roof panel products."
I'll buy that.
"The Industrial Property site plan has been produced for approval."
This should have been prior to the property sale. Plan, spec then buy.
"The new production building designs are complete and out for bids."
Bidding should have ended by now. They are not building a 5 star Hotel.
"Some specially designed and built imported machinery has been organized"
Organized into what?
Personally, I think this whole setup is a sham. Some of the pictures of his equipment are 3d renderings or new items. Yet his trucks are old and broken down.
I only put $100 on this stock because there are too many unanswered questions and things that just do not add up to me. If I lose the money, no great loss. If we win, great!
