Eastern Asteria, Inc. (EATR)

[CVS-1]

Let's see what the news is come next week. They did announce in their conference call that they would be expanding their authorized shares. This is not expanding their outstanding shares, it just gives them the flexibility to do deals- paying with restricted 144 stock...

The idea the company could issue themselves free trading stock to sell is silly. The insiders own roughly half the company, and that will probably never change. They can't really sell their current shares without it being known as it's insider stock.

Any new stock that's issued is restricted for 2 years. But it does give the company the ability to do deals, as they come, without coming out of pocket. I'm not expecting any significant changes in the share structure, and we'll be able to see it, if and when it happens.

Best part of this story, is management's willingness to part with their BnetTV shares to the shareholders. Most companies would pocket the profits from selling shares, and then spend it on salaries and expenses. These guys are handing it right back to shareholders, which says something.

I'm waiting for some big BnetTV news to come out soon. If we can attach a value to BnetTV based on an offering document, or a bid for the company- I think EATR (as per their 40% stake in the company) could really take off.