American Scientific Resources (ASFX)

[Christy from Google]

Complete and Utter Fraud!!!!!!!!!!! Thats perfectly legal. ASFX Management has themselves covered with the following from Jan 11th SEC filing.

"We have incurred net losses since our inception. We have incurred net losses applicable to common shareholders of $4,787,637 and $1,935,779 for the nine months ended September 30, 2010 and 2009, respectively, and $3,424,851 and $6,406,954 for the fiscal years ended December 31, 2009 and 2008, respectively. As of September 30, 2010, we have an accumulated deficit of $24,819,261 and a shareholders’ deficit of $4,200,399. We currently have sufficient cash to sustain our operations for a period of approximately one month. We will require additional funds through the receipt of conventional sources of capital or through future sales of our common stock, until such time as our revenues are sufficient to meet our cost structure, and ultimately achieve profitable operations. Management estimates that it will need $1,000,000 over the next twelve months, and $3,000,000 to fund all of the Company’s current product development and marketing projects, including $1,000,000 to fund marketing programs for the Kidz-Med Non-contact 5-in-1 thermometer. There is no assurance we will be successful in raising additional capital or achieving profitable operations. Furthermore, the large number of shares available from the selling stockholder pursuant to the prospectus and the depressive effect of the availability of such shares could make it difficult for us to raise funds from other sources. Wherever possible, our board of directors will attempt to use non-cash consideration to satisfy obligations. In many instances, we believe that the non-cash consideration will consist of restricted shares of our common stock. These actions will result in dilution of the ownership interests of existing stockholders and may further dilute common stock book value, and that dilution may be material."

JMHO, as always.