American Scientific Resources (ASFX)

[Mariner*]

With respect Kingofalltrades, "As Everyone Will Agree" that has been following the CH 7 BK Case 12-14640 from it's inception, it has all been litigated and awaiting the case file closure by the Judge to confirm it, in it's finality.

The case has been settled and adjudicated by all participants.
All the financial costs to settle and negotiate with all the claimants in the case has all been covered and will be:
>>>>> "Paid In Full" <<<<< along with court costs and fees and attorney fees and Trustee payments, all of it.
Actually, to the contrary there is surplus money that will be returned to the coffers of ASFX.
Debt liability will all have been eliminated with the closure of the case file by the judge, which was the whole topic and goal of filing the Chapter 7 Bankruptcy to begin with.

It "IS" without question that the court will certify that ASFX is "Debt Free" with the closing of the case file as you can read and verify for yourself in the: PACER DOC from Street describing all the details.

Case 12-14640-JKO Doc 226 Filed 08/09/18 Page 1 of 24
§ American Scientific Resources, Inco § § § Debtor(s) §
CHAPTER 7 TRUSTEE’S FINAL ACCOUNT AND DISTRIBUTION REPORT CERTIFICATION THAT THE ESTATE HAS BEEN "FULLY ADMINISTERED"
AND APPLICATION TO BE DISCHARGED (TDR)
Marc P. Barmat, chapter 7 trustee, submits this Final Account, Certification that the Estate has been Fully Administered and Application to be Discharged.
1) All funds on hand have been distributed in accordance with the Trustee’s Final Report and, if applicable, any order of the Court modifying the Final Report. The case is fully administered and all assets and funds which have come under the trustee’s control in this case have been properly accounted for as provided by law. The trustee hereby requests to be discharged from further duties as a trustee.
2) A summary of assets abandoned, assets exempt, total distributions to claimants, claims discharged without payment, and expenses of administration is provided below:
"Assets Abandoned: $9,710.00"

* This means $9,710.00 will be returned to the coffers of ASFX at the closing of the case file by the Judge as unused by the court.

For the entire history of the case between 02/27/2012 to 7/11/2018
"Total Internal/Transfer Disbursements: $560,214.95"
Dated: 07/11/2018
By: /s/ Marc P. Barmat /Ma Trustee

We all know how much Debt ASFX has, and that would be -0- Debt going forward after the Judge signs off on the case file as requested by the Trustee.

The value of the company will be ascertained after all the SEC filings have been back filed along with an audit to bring the company to current pink sheet status.

A "Reverse Merger" into a clean shell that is current with all it's SEC filings and "Relevant Documents", and is Debt Free, will be determined by the marketplace.
The costs for a private company reverse merging into a public shell are far and away much more cost effective than doing an IPO and are extremely less time sensitive than doing an IPO that can take years to set up and implement.
Going Public: http://www.tcc5.com/
Reverse Merger: Going Public by Reverse Merger
http://www.reverse-merger.org/reverse-merger.php
Is A Reverse Merger The Way To Fund Your Startup?
https://www.forbes.com/sites/martinzwilling/2014/05/02/is-a-reverse-merger-the-way-to-fund-your-startup/#24c27b4a3e92

End of story,
Hope this helps.

Mariner:))

https://www.youtube.com/watch?v=OnoNITE-CLc