Yes........following the progression......
Not enough revenues to cover expenses = shortfall of cash = issuance of shares to cover shortfall of cash (equity financing) = those receiving shares in payment trading them for cash = downward pressure on the pps = negative investor sentiments = allowing MM's to play with the float = perhaps more downward pressure on the pps = investor buying apathy.
In line with the above, note the continuing light volume in comparison with the float.
There is no doubt in my mind that FASC, as an entity, is severely undervalued vs. the market. The underlying value is simply not being recognized, due to the above factors.
If/when there becomes a fixed amount of shares in play, you will begin to see a far more realistic FASC pps, vis-a-vis the rest of the market.
Not intending to micro-manage here. But given the above, and as an investor, I would like to see management place more emphasis on solving the revenue situation, short-term......even if it might mean not getting all of the "perfect" deals, at this juncture.
