American Scientific Resources (ASFX)

[Christy from Google]

At the time of the Lanktree Conversion Deal, the conversion price of $.10 was a big N/A. Granite, a Noteholder, had converted twice at $.02. THIS was a MATERIAL EVENT in the eyes of the Common Shareholder, maybe not to you, but most certainly to them. Non-disclouse of the effective date of Rule 144 requirements on both Conversion deals wasn't disclosed either. In fact, the Lanktree deal has yet to be shown as an EXHIBIT. The Granite agreement was just released, and all hell broke loose on Nov 5th and on subsequent trading days.

Now if you are saying the shareholders were NOT hurt by these non-disclosures, then I don't know what to say DAN. The common shareholders got KILLED on this Non-disclosure. And the proof is the current PPS.

This information was witheld by ASFX, its as simple as that. From Nov 5th the PPS has dropped about 70% ~ 80%. Its was "MATERIAL", by anyone's definition.

The bottom line Dan, the shareholders are paying off the Creditors by buying these discounted shares. Little do they know, the PPS is dropping with each conversion. Again the proof is the current PPS.

Fact is Dan, the Granite agreement wasn't disclosed to the shareholders until well after the Rule 144 date. I'm sure Granite had dumped all their converted shares by then. I wonder what Lanktree Rule 144 date is going to happen. Do you know Dan?????

Per 8K – 9-26-2011

At the option of the Holder (Lanktree), the Holder has the right to convert all or a portion of the outstanding principal balance and accrued interest into fully paid and non-assessable shares of the Company’s common stock at a conversion price of $0.10. Further, if any other noteholder of the Company converts a note according to its terms at a conversion price of less than $0.10, then the Holder shall be able to convert the Note at such lower conversion price.