American Scientific Resources (ASFX)

[Oz the OK]

No...they can reverse split this thing over and over again until they run out of people willing to buy shares. But that's the problem in Pinkyland...there will always be a pool of newbies with risk capital.

ASFX has reverse split 4 times so far.

1 to 100 R/S 1999
1 to 200 R/S 2004
1 to 100 R/S 2005
1 to 200 R/S 2011

These stocks are NOT investments to be held long term; they'll wipe you out. You trade them short term. You have to buy them, at their lows, between the reverse splits and hope for a PR influenced pop. That's very difficult to do, because of the total unpredictable behavior of the management teams of Pinks. Technical Analysis helps, but a lot of times, when it appears a base is forming, they'll begin to dilute, which will drop the price again.