I know the company has bullish out look about increasing market foot print and increasing sales. There is one thing we can't denied and that is they are burning 10 million per quarter and stated in the report that spending will be flat for the rest of the year. That's saying an estimate of 30-40 million in spending for the entire year.
Even if they double their revenue this year at 15 million, they will still be taking a 15-25 million loses for the year. Where are they going to get that kind of money? PPS will naturally go to zero. The only thing that can prevent it from going to zero is that they deliver some big news of major contract. Either that or they reduce spending by a significant amount to keep in check with income. If Lee persist with 10 million expense each quarter PPS will go to zero even if they double revenue because they will be short by some 15 - 25 million cash to burn. It will get diluted to nothing and they will have come to hit a wall.
Even with Redwood's 30 some million committed funding, it won't even last one year. I would recommend stay away for ASTI for now and watch what happens later this year.
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