MAJOR EDIT: Bobo, firstly, this lawsuit against ASR is still pending, secondly significant awards both compensatory and punitive could very easily put the final nail in ASR's coffin.
Thirdly, in his detailed opinion and order, the Federal Judge opined that based on the facts of the case, Tecnimed SRL, would likely prevail on this lawsuit
Again you can read it or not. But when a Federal Judge includes in his order, his opinion that the defendant acted in bad faith and would likely lose...call me crazy, but I think that is highly indicative of where this is headed. And since the company has repeatedly stated in ALL of their filings and disclosures that they only have enough cash to survive 30 days, as the Federal Judge wrote, his finding that the company is insolvent and that a finding of culpability and the attendant financial reward would likely result in ASR's bankruptcy.
Or you are free to believe that Bayer the $60,000,000,000 company is secretly working to buy ASR.... again.....this company that has a market cap of about $65,000 (the price of a used Mercedes) that is mired in Death Spiral financing debt, and has no retail shelf distribution except a few Best Buy test stores that have resulted in nothing.
Since bankruptcy results in all common shareholders getting wiped out, you could infer that this is significant..or not and that these are ACTUALLY wonderful reasons to throw money against this corporate jewel, in which the common shareholder were taken out of the equation and now have no legal rights to express their opinions via their proxy vote...I may have forgotten to mention that mid 2011 the insiders voted themselves Preferred Super Voting Stock, that makes it unnecessary to seek shareholder approval for anything and likewise impossible to remove any officers, directors etc. Of course shortly thereafter they executed a 1:200 reverse split wherein they never sent out proxy statement nor held a shareholder meeting to vote on this extreme and common shareholder oppression tactic...
Lastly and most relevant, a poster on here said that I had fabricated this and could not provide any proof.
