American Scientific Resources (ASFX)

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Captain FYI

zt12 Member Profile zt12

Tuesday, September 11, 2012 11:18:13 PM
Re: familyguy6 post# 46543
Post # of 53335
That's classic toxic death spiral financing that Steve Hicks at Southridge has been accused of doing numerous times. It's noticeable that they changed their name from Southridge Capital to Southridge Partners II. Perhaps that was a ploy to escape all the bad press they have received for manipulating prices and toxic death spiral financing and being investigated by the SEC and Manhattan DA's office adn the Ridgefield Police Department: http://www.forbes.com/2009/10/07/sec-southridge-capital-business-wall-street-southridge.html

When a company like Southridge gets investigated, they also investigate the companies who receive the financing which can hurt that company's stock price as well.

http://www.forbes.com/forbes/2002/0610/046.html another interesting article on how southridge destroyed companies it was supposed to help.