Replies to post #4227 on Alloy Steel Inc. (fka AYSI)

[hingfdiuh]

That would be a dream come true for me.

I can't keep from salivating at the prospect of having so many shares at that price.

Let's hope it happens.

[BRIG_88]

i wouldn't be a bit surprised...but let's be fair...a ton of money was made by SMART traders that sold when the company was still doing well....those that rode it back down?...my condolences....BRIG

[Stockplucks]

Any idea what the Z-score would be at a nickel? TIA

JoeinJerseyCity

[DaveinHackensack]

Again, boilerplate. It's in all their 10-Qs.

For example, check out the 10-Q from a year ago, when the company earned 6.8 cents per share ( http://biz.yahoo.com/e/080509/aysi.ob10qsb.html ). You'll find the same two paragraphs:

We anticipate that the funding of our working capital needs will come primarily from the cash generated from our operations. To the extent that the cash generated from our operations is insufficient to meet our working capital needs or our needs to purchase machinery or equipment, then we will need to raise capital from the sale of securities in private offerings or loans. We have no commitments for raising capital. The sale of additional equity or convertible debt securities could result in dilution to our stockholders. There can be no assurance that financing will be available in amounts or on terms acceptable to us, if at all.

The Company is reviewing options to raise additional future capital through debt and/or equity financing, and whilst it has a facility approved to fund equipment purchases if required, it currently has no commitments to use the facility or obtain further amounts through the issue of equity or other debt financing arrangements. While management believes that its current cash resources should be adequate to fund its operations, the Company's long-term liquidity is dependent on its ability to continue to successfully increase the present level of sales at a profitable margin."