American Scientific Resources (ASFX)

[Christy from Google]

During 2011, ASFX has been losing over $1,000,000 per MONTH, and closing in on Accumulated losses of almost $20,000,000 since Sept 2009, the date in which Roth began his tenure. In order to breakeven, Roth would have to sell over 2,000,000 Units by the end of the year. The Exmen have only sold 1.2 Million Units in entire History. Roth’s job, as with any Management team, is to turn a profit based on the actual Revenue, or estimated Revenue. He’s not even close, and for this performance, Team Roth has received over 2.4 Million in Compensation, during the past year, and since Sept 2009, well over $4,000,000. Total Gross profit is less than $400,000 during this entire period. This is insanity.

Total debt/liabilities to current assets ratio is well over 150 to 1. This Bankrupt Balance Sheet is being controlled by the informal “Creditors Committee” and the only thing missing is a Bankruptcy Judge. Granite, Lanktree, Concorde Capital, Goldin and their family and friends are controlling this operation via this informal Committee. The new mysterious 10 Lenders OWN everything now, and no one knows a thing about them. ASFX has not disclosed their names, relationships with other creditors, stock holdings, and/or relationships with ASFX’s BOD/Management team . WE know about this Fake IR guy, Justin and his infamous “Trip Reports”, but not ONE THING about the individuals who have liens on all the Tangible assets. These 10 Lenders own everything, and it appears they are keeping watch over these assets in a FL Garage, 1500 miles away from ASFX Management.

It looks like a Total SCAM. Nothing makes any kind sense. Not one single thing. Yet the Pumpers, such as IR ASR, continue to LIE about this and that, while MANAGEMNT remains SILENT.

Something is WRONG!!!!!!!!!!!!!!!!!!!!