I called them myself twice, as did several other members of the ASFX board. I can link you to the posts if you like. It's not a piss & vinegar post. We all inquired as to current developments within the company and heard NOTHING about this. We were all told that in fact there were several GOOD developments about to break for shareholders. NONE of this came to fruition. After being rock solid with audited financials the company started acting somewhat shady last month (increased A/S without any explanation). Most of brushed it off since they had been so forthcoming in the past with information. Then when an inquiry was made about the A/S just 2 weeks ago we were told that there were very good things on the way. If you notice the date of the filings, you'll see it was 6 weeks ago. In other words the company knew about this the whole time, and failed to disclose ANYTHING, and instead blew sunshine up our rears.
The only way this is good is if the case has already been settled in favor of ASFX (unfortunately this does not look the case as another member found a settlement meeting scheduled for January 9th). Even if this was so, it shows an incredible lack of concern for current shareholders by letting this bomb drop and having nothing to say on the matter.
This may be a great buying opportunity for you, but for those of us who have held a position in this company (most much longer than I) it is a bit of a slap in the face. You're right, we don't know the whole story yet. And it's because they haven't been forthcoming with information for almost 2 months. Coincidentally around the time these filings are dated from.
"Weak, Dow's only down ~2.5%. I was hoping for live, serious destruction. This is like Godzilla coming on shore, taking a sh** in the municipal pool, & heading back out to sea." -Gigantopithecus
AI
