American Security Resources Corp. (ARSC)

[david02835]

I was in this stock years ago, enticed to invest by the companies anouncement that they had just presented their products to a "roomful" of governmental and private enterprises (a renegade from INTEL on the board). The promise of orders to come was to be soon. I bought in at $.18, it went to $.60 (or so, I can't remember), and dropped back to the mid-forties where I sold.
In the time since, nothing has happened to indicate any possible success in the future. Pumpers have appeared on this site talking about new money being put into ARSC, and that all investors should look at this as being a sign of future success.
UGH!
New money in sub-penny stocks is often given to the company to hype the stock price in exchange for shares to the lender/investor. The money is then recovered by the lender/investor by submitting bills to the company for "services rendered", and then the lender/investors sell their stock to the MM's.
I continue to read the posts on this stock for amusement but cannot resist making a post. I wish you all well, but have to admit that I originally invested here because of the advice of someone who I have learned to consider a total shyster,but with whom I have made money by getting out of stocks upon the failure of the first promises of a new product.