American Scientific Resources (ASFX)

[seretta24]

yes, the bill passing is a great PR opportunity for ASFX. it will attract a lot of attention to the stock. but as long as we hold our support level(s) (which so far have proven stable), this consolidation is a good thing. after all, we did run up pretty darn fast. there will always be the flippers and bid-whackers out there messing around, but they will not get rewarded like us longs will. not even close IMO.

as for the outstanding shares, well, the last update in may (i believe) was around 330,000,000. the A/S is 2,500,000,000. at some point, i would love to see a reduction in the A/S, but i do not expect this anytime soon. if they are growing at a fast pace and are required to raise extra capital, there is a chance the O/S has increase a bit, but remember, if this is the case, its because they are growing too fast and need extra capital NOW.

IMO i do not believe the O/S has changed, but if it has, i do not see a cause for panic. this company is fundamentally strong, and from a technical analysis perspective, the chart is healthy, as we continue to shake the weak and add more strong (i hope we are adding strong). i guess we'll have to wait for a couple hours to see what the CC brings to the table. i am hoping for the best. GLTA

seretta