Monday, September 05, 2011 6:45:36 AM
The Transfer Agent has already confirmed with me ->
...that the "Float" is "not available to the public", since the company is under Chapter 11 protection, however, it is my guess that the "float" is probably close to only 2.5 million shares.
The Shares Outstanding are confirmed at 50 Million.
In a "reverse merger", the shares held by the public company usually represent 5%.
10% of the O/S, would come to 5 Million shares.
5% of the O/S, would equal 2.5 Million shares.
That's an extremely small "float" !!
If, a "reverse merger" were to be announced, the price per share of ASYTQ, would go to unbelievable levels.
Considering that ASYTQ has $18 Million dollars under protection by the courts, which equates to 0.36c per share, and that all claims have been mutually released by all parties, and that this is probably a "clean shell", when the announcement is made of a R/M with a company that has "revenue", I'd be glad I owned shares.
...that the "Float" is "not available to the public", since the company is under Chapter 11 protection, however, it is my guess that the "float" is probably close to only 2.5 million shares.
The Shares Outstanding are confirmed at 50 Million.
In a "reverse merger", the shares held by the public company usually represent 5%.
10% of the O/S, would come to 5 Million shares.
5% of the O/S, would equal 2.5 Million shares.
That's an extremely small "float" !!
If, a "reverse merger" were to be announced, the price per share of ASYTQ, would go to unbelievable levels.
Considering that ASYTQ has $18 Million dollars under protection by the courts, which equates to 0.36c per share, and that all claims have been mutually released by all parties, and that this is probably a "clean shell", when the announcement is made of a R/M with a company that has "revenue", I'd be glad I owned shares.
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