American Scientific Resources (ASFX)

[makeamint2]

Cash Flow is not an obscure metric, its the lifeblood of any business. Maybe worth looking at the following. What was the last verifiable datapoint. What was the real time status then, how much time has passed? Has there been any acknowledgement of any material inflow of external cash? Has there been any harvesting of internal cash? The latter is doubtful, there is not a critical mass from which to harvest internal cash. Only internal source I see would be headcount related. Payroll and footprint expenses and in the company's current cash flow environment,those are hopefully being waived by management at this juncture. Worse case I would assume they would be accruing those salaries.

Although I have no knowledge of any internal discussions at the company regarding an insolvency petition and this is the first I read or hear about it, its worthwhile acknowledging that bankruptcy is by default, the result of capital asphyxiation in one or more of its many forms.

By the same token, the only liquidation values here would be Patent related, and those are probably subject to open market standards, So there is no readily visible upside to the creditors to press for anything other than a continuation of operations. Maybe with some input or control over the operational aspects.

I don't think bankruptcy is a viable strategy. It would wipe out the shareholder's including the insiders.