Be careful when "betting"
on an alleged "sure thing"... At lot of people have lost a lot of money that way.
>>The nasd guy said he wouldn't cite specific companies, just regulations. A lot of good that does.
Hooray for the NASD guy. He did his job. He cited the regulations! NASD is not supposed to be in the business of issuing projections of any events for specific companies. can you imagine the uproar if he had said September 17th and for what ever reason it didn't happen until the 18th? even one such instance would severely damage NASD's reputation and undermine the public confidence.
Ultimately, what difference does it make if ASTN is delisted in September or October or November or December or even January, February or March? Most anyone involved at this point understands that delisting is very likely. The only relevant issue to discuss would be the possible scenario(s) under which they could escape being delisted.
As I understand it ASTN is in the business of providing software for use in the securities business. There is quite a bit if difference between that and being "in the securities business". As for what they should or should not have said...
"if they have failed to meet a requirement of any securities authority, I am certain that the authority will exercise it's right to exert a penalty for the infraction". The opinions of posters on the internet notwithstanding.
David Weed
aka the Bird of Prey
www.warp-drive.com
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