Tuesday, October 22, 2019 10:54:16 AM
This from the September, 2019 10K
page 6
Although we believe Astral has developed valuable technology fortified by patents and trade secrets, the potential market has not evolved as quickly as anticipated. Due to funding constraints, the Company’s primary focus remains on the pursuit of opportunities for 1st Detect. Consequently, headcount and expenditures at Astral have been minimized and new development is exclusively focused on strategic initiatives that would facilitate the realization of Astral’s value.(Astral has failed - the only assets left are the worthless patents - Astral is out of money, as is Astrotech & 1st Detect; consequently there is only 1 person at Astral, sitting at a desk in Austin, trying to sell the "company.")
Page 7
"the Company remains intent on evaluating it strategic options with respect to Astral"
(Astral is for sale)
Page 8
"Astral is positioned to facilitate this market when industry investment in content conversion to 4K/HDR accelerates, but has focused its efforts on exploring strategic alternatives at this time."
(there is no market for anything Astral Images is capable of doing)
Recent ASTC News
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