American Scientific Resources (ASFX)

[Christy from Google]

One Conclusion, based on 20 FACTs.

Fact #1 – Reznick has an office in Ukraine (his bio on the ASFX website, is the same as the “bio”on his business website. Except for the “he speaks fluent Russian”. ASFX left that out on ASFX website

Fact #2 – he speaks fluent Russian (Per Reznick website)

Fact #3 – Dr. Thomas W Materna, an ASFX director, “has also served on BOD at Dezomark, a medical company in Lviv, Ukraine. (Per ASFX SEC Filings).

Fact #4 – “Concorde Capital Ltd” is a Company in the Ukraine. (per their website)

Fact #5 – “Concorde Capital Ltd” was involved with the SM/ASFX Patent sale. (per Patent sales agreement)

Fact #6 – Per Sec 1.3.4 of the SM/ASFX Patent sales agreement, Jason Roth and “Concorde Capital Ltd” both have control over ASFX BOD.

Fact #7 – Howard Taylor and his Bermuda “Concorde Capital Ltd” can’t be located via independent research.

Fact #8 – Howard Taylor no longer has a contract with ASFX and was removed from the S-1a in the Fall of 2010. He was as a Financial Consultant, and he longer is engaged with ASFX. (Per Nov and Dec 2010 S-1a).

Fact #9 - “Concorde Capital Ltd” is not disclosed in latest S-1a.

Fact #10– Roth has a business partner at SM. No disclosure as to who this is and where he lives.

Fact #11– Roth is not a full-ime ASFX employee. (per Filings)

Fact #12 – Officers and directors have “conflicts of interest” with ASFX. (per Filings)

Fact #13– No disclosure as to what these “conflicts of interests” are all about. (per Filings)

Fact #14- Information on Roth from independent sources is unavailable. That makes two, Roth and Talyor.

Fact #15- Alexander Goldin is a Russian Chess Master living in the USA.

Fact #16- Alexander And Mira Goldin control Gols Associates, the sole selling shareholder in the S-1a.

Fact #17– Gols Associates has lost about $5,000,000 on their 90 Million shares in the past year.

Fact #18 – Alexander and Mira want out of ASFX.

Fact #19 – The CFO Is GONE, with no explanation from Management.

Fact #20 – ASFX has no liquid assets to pay AP, much less debt. Per Sept 2010 Balance Sheet.

Conclusion: It appears that when ASFX files for Bankruptcy, the BOD and their Russian contacts will purchase the ASFX assets and move everything to the Ukraine. Dezomark and their "sister" companies will be more that willing to buy these assets at very favorable prices.