Original delisting assumptions
were based on anecdotal evidence from several sources including your own experiences. None of which addressed the issue of how many requirements were deficient. Since the NASDAQ will delist for any single requirement failure, the number of requirements failed has no relevance as to the time frame of the procedure.
Again, I agree that the delisting is inevitable. Even the CEO acknowledges this. No point in revisiting those issues, anyone reading this (or any of several other boards) knows the obstacles facing ASTN. However if one reverses the order of your scenario (RS LAST not first) it is not an impossibility for ASTN to retain it's listing.
If we were running a betting pool on when the delist actually occurs picking a date would be highly relevant. As it is I have given a date beyond which it is unlikely that ASTN will remain listed. I have done so without the need to take any long to task for being long nor indeed with any personal commentary on any individual holding a long position in ASTN.
If you wish to pick a date and shout to the Rooftops that ASTN will be delisted by x/xx/xx, go ahead. I don't recommend such because it ends up a no win situation for the person making that declaration. If the delist doesn't happen by that date the pick looks foolish. If it happens very close to or exactly on that date it appears that the pick may have been made with additional information not available to the general public.
As for the questioning of the veracity of the CEO, another way of looking at it is instead of doggedly sticking to a bad idea or wrong position, this CEO is flexible enough to know when he needs to furl the sail and change the tack.
One thing you are absolutely right about though...
We shall see.
David Weed
aka the Bird of Prey
www.warp-drive.com
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