American Scientific Resources (ASFX)

[Warmy]

Sales growth was outstanding from the previous year and that doesn't include the last quarter of '08. Based on growth projections, the total sales for fiscal '08 could easily exceed $1M.

The outstanding debt is immaterial IMO. It can be easily re-negotiated or bought if the company is showing signs of growth which I think they are.

Nothing about this company screams "stay away" to me. It is an emerging company that seems to be legitimate. It has product in stores and they are selling well. Is it a high risk investment... yes. With greater risk comes greater potential for gain.

Bottom line... when they release the Q4-'08 financials... we will all know if they will be healthy or not.