Thanks! I appreciate that. I have not personally e-mailed him but a personal friend who has been researching the company has emailed Bent repeatedly and received no replies, even for questions as simple as "can you tell me more about the parent company".
Perhaps he can tell you where Astro Aerospace actually is, other than that they have tested at an Ontario airport. They do not exist as an entity except in a registry in Nevada under this license #: NV20071472400. Search this and find only one employee: Bruce Bent.
The filings list no key employees, no property or location (save the Mathews building in Lewisville)... really nothing except connections to older Passenger Drone press releases.
Who were the Confida and Infly companies with which ASDN negotiated, and what was the source of >$6M in impairments on the income statement? Why a writedown ~8x the total asset value of ASDN?
The total R&D for Q3 was ~$270k, or the equivalent of $50k of outside service charges + 7 or 8 FTE aero engineering salaries + fringe/tax.
This company is valued at >$100M. It doesn't smell right. Again: if it collapses to a quarter a share Bent is doing great.
