American Scientific Resources (ASFX)

[rjbluesky]

JCOM was $.25 when it was JFAX. Then merged with EFAX and became JCOM and went to $.50, then the 1:4 reverse split down to 40 mil shares that took it to $2, then it jumped to $70 in about 9 months if I remember correctly. 100K shares at $.25 prior to the split ($25K) would then be worth post split (25K shares) at $70, $1.75 MILLION. I think you can see how these things work with the right stock pick. It started out as a company doing about $1 mil in business, then in less than 1 year became over a $1 bil market cap company.

At some point IF what we think the company may be doing does transpire, i.e., merger, JV, financing, big growth avenues, new products, etc., and the audited financials show this to instantly be say a $25-$50 mil revenue company, the share price will adjust. It may also entail a reverse split but who cares if the company is growing big? This is why we invested in ASFX. To be part of a POTENTIAL big growth stock currently in its infancy with a low share price.