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Mikelongstock

04/06/09 1:24 PM

#24540 RE: shakattack #24539

We won't know "anything" until they file something. Any speculation is still just speculation.
And come on now, If there are 500Mil shares outstanding he claims to "own" 500 Shares. That's .0001 % of the company.
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doggone

04/06/09 2:23 PM

#24548 RE: shakattack #24539

shakkattack, one not need be business major or have any experience in business to understand the simple mathematics of profit vs. loss. Consider this, if one has to spend 30 dollars for every 10 dollars received, how long will they be able to sustain as a business?
Any astute business person would have closed the doors on ASFX some time ago were it not for the ability to use shares as cash. Given the rate of loss to revenue it is clear that it would be difficult for any business to continue as a going concern, absent, the ability to print and sell those shares.
Why do you think American Scientific Resources cannot find reputable lenders for financing? Why do they prefer unscrupulous outfits such as kaudereror or resort to such mysterious entities such as Blaydon capital. (still no verifiable info on Blaydon to date) Does this single fact alone not raise serious concerns about the prospects of ASFX going forward? I say yes.
Dog, 10-30 = -20,,, 20-60 = -40,,,,etc.