American Scientific Resources (ASFX)

[makeamint2]

in response to medicineman who posted;

Why would ANYONE be buying this stock? The assets are all gone to a private company (owned by prior directors of the original company - something I'd bet the SEC will investigate), they are still in litigation over the thermometer, debt is beyond belief, etc., etc. You're betting that a non-existant entity will rebound??? What do they have to rebound with?

As has been told to me, currently there are two lawsuits being drafted re ASR, both against the two individuals and the newly formed Delaware corp.

Separate actions are being drafted against ASR BOD.

I also believe that many ASR shareholders will be receiving notification in the next 90 days advising them of a class action effort, if the federal court (Southern District of NY) certifies the class, it will be a heck of a show to watch, they will be subpoenaed and also served with a subpoena duces tecum, which will force them to disclose all documentation and records, including bank statements which reflect any payments to or payments in kind to a series of individuals that they believe have participated on online boards to promote on behalf of the company. My guess is that their intent is to implead those individuals as well.

they are probably collaborating with Tecnimed counsel.