American Security Resources Corp. (ARSC)

[blindinvestor]

Probably should have added one more thing. At .04, how many shares does it take to obtain $1,000,000 for the manufacturing of the fuelcells? Figure a discount of some kind. Let's say they find capital at 90% of the average pps over a period of time. Let's say that average is .04, so the discount is at .036. Now that's 27,777,777 more shares, and that's only for $1M. Conservatively, they are burning roughly 15,000,000 shares a quarter. So, by the end of the third quarter, with about 127,000,000 shares outstanding now, and assuming they get their $1,000,000 for only a 10% discount, and add in two more quarters of burn for 30,000,000 shares. At that rate they will have outstanding about 185,000,000 shares by the end of September, 2007. And if only the burn is added for the fourth quarter, by the end of 2007, they will hit 200,000,000 shares outstanding. Now the question is, what will the value of the company be, because that will determine your pps.