American Scientific Resources (ASFX)

[makeamint2]

EDIT: This is simply awful, the PPS has plummeted approx 50% since the up-list. WHILE THERE IS OBVIOUS MANIPULATION ON BOTH SIDES, as I posted some weeks back, in my opinion the up-list was executed to facilitate the liquidation of shares by debt holders and senior managers. The current volumes and trade sizes might be evidence of just that.

The company needs to look at other alternatives to drive revenue. They should consider a roll-up strategy. The fact that they are a public company is in my opinion the last valuable leverage point they have.

There are probably dozens of young companies with established revenues, regardless of size, that could be brought in to broaden the revenue base. Obviously this would mean that operational control would migrate to the management teams that bring real business to the table.

They will need someone who understands this approach and can develop and execute the plan. Will management allow someone who has the skill set and relationships on Wall Street to come in and clean house? Will management sacrifice their company facilitated perks like useless travel? They will have to understand that they will no longer be feeding at the shareholder trough.

Big problems drive big questions which in turn demand big answers.