Astrotech Corp. (ASTC)

[Getitgogone]

"NEEDLE IN THE HAYSTACK"
Buyout,merger or partnership is coming in my opinion soon,quite possibly before the Meeting of Shareholders Wednesday, May 26, 2021 9:00 a.m. (Central Standard Time) AT&T Hotel and Conference Center 1900 University Avenue Austin, Texas 78705

RECENT FILINGS
1. 2021-03-03 S-3 FILING registration statement will not exceed $250,000,000
https://www.sec.gov/Archives/edgar/data/1001907/000156459021010586/0001564590-21-010586-index.htm

2. 2021-03-15 EFFECT filing (APPROVAL BY THE SEC)
https://www.sec.gov/Archives/edgar/data/1001907/999999999521000949/9999999995-21-000949-index.htm

3. 2021-03-18 "to approve an amendment to the Company’s Certificate of Incorporation to increase the total number of authorized shares of the Company’s common stock by 200,000,000 shares, to a total of 250,000,000 shares of common stock"
https://www.sec.gov/Archives/edgar/data/1001907/000156459021014139/astc-pre14a_20210526.htm

I have addressed the possibilty of the registration of shares and an increase of the authorized to 250 Mil. shares as a possible "POISON PILL" but could be for another reason I.E. for merger,partnership but something is cooking because it is just not normal for a filing like this from ASTC.

DEFINITION OF POSION PILL
https://www.investopedia.com/terms/p/poisonpill.asp#:~:text=A%20poison%20pill%20is%20a,of%20a%20new%2C%20hostile%20party

4. 2021-02-16 10Q PAGE 8 "The Company had two existing facility leases and several small equipment leases. Astrotech leased office space consisting of 5,219 square feet in Austin, Texas that housed executive management, finance and accounting, sales, and marketing and communications." ...
"The lease began in November 2016 and originally expired in December 2023. On August 3, 2020, the Company decided to terminate the lease."

"In May 2013, 1st Detect completed build-out of a 16,540 square foot leased research and development and production facility in Webster, Texas. This facility is equipped with state-of-the-art laboratories, a clean room, a production shop, and offices for staff." ...

"On January 21, 2020, the Company entered into its fourth amendment of the original lease, with the amended lease beginning May 1, 2020 and expiring April 30, 2021, with the option to renew and extend the lease for one renewal term of one year. During the second quarter of fiscal year 2021, the Company has decided to allow the Webster lease to expire on its expiration date and declined the option to renew the lease. "

I have also researched the entire filing the above 10Q concerning THE TERMS "COVID" and "LEASE" and no where does it state that they declined to renew these leases over the Corona virus. As a matter of fact in the 10Q it states on page 13 >>>

"All of the Company’s employees who do not work in a lab setting are currently on a telecommunication work arrangement and have been able to successfully work remotely.The Company’s lab requires in-person staffing and the Company has been able to continue to operate its lab, minimizing infection risk to lab staff through a combination of social distancing and appropriate protective equipment."

CONCLUSIONS:

We have multiple filings recently showing an unusual increase in share activity I.E. Authorizing(to be voted on at the May 26th shareholder meeting) to 250,000,000 shares and the filing for sale of stock up to $250,000,000.

We have office leases that were TERMINATED August 3rd

AND LAST but not the least the WEBSTER facility which I presume was used for manufacturing production of TRACER1000 (sales in Europe,etc.)" This facility is equipped with state-of-the-art laboratories, a clean room, a production shop, and offices for staff" EXPIRING April 30, 2021 in about 1 MONTH from now.

No where in the filings does it state that any leases were terminated due to COVID.

Why would they terminate all of their leases if they weren't ready to make a dramatic change,coupled with the share structure changes they are requesting approval for and the sale of up to $250,000,000 WORTH OF STOCK,which by the way at current prices would be at least $8.00 a share if they sold all of the current 50 Million authorized (prior to the vote to authorize 250 Mil.shares)

It all leads to speculation about much here but one thing is certain

Things are not normal at ASTC ... something is coming

I can't say how it will work out nor can I recommend you BUY SHARES ,that's up to you as always and I am not giving anyone advice as we could all be screwed here too because Pickens does not provide clarity and they have been awfully quiet for months.

I'm just trying to write what I see and someone wants to disagree I'd love to hear a better ,sensible explanation for everything we are seeing.

Don't invest more than you can afford to lose that's for sure