The one thing going for ASTI is the accuracy and frequency of filings. The ones you are looking for can be found on the OTC or their own website.
You assume Boone is converting at .004, but someone is selling in to the Bid, meaning they bought/converted for less. I doubt it's Boone. If it is he's converting for less changing your math.
They are eliminating debt, but at the expense of shareholders. Revs may have increased, but not nearly enough to stop the cash burn, and there is not telling if those increased REVS cost more to make. Proof of this is constant borrowing.
In a perfect world they turn things around business first then address their share structure, most likely through an RS. In any case a break even cash flow needs to happen first. Until then ASTI needs the available AS to survive.
Put your money to work somewhere else that will make money and watch and wait. The share structure is so enormous that you'd still have plenty of time to get back in...or wait for the reverse and re-evaluate. Bottom line...they need time and you have it.
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