Replies to post #17087 on American Security Resources Corp. (ARSC)

[lowman]

You're missing one of my points. Try to wrap your head around this. The CEO bought $20K worth of shares to 'make it look good', and turns around and sells $200K of newly issued stock. He's ahead by $180K. Not bad for a filing and a PR. Wish I could make $$ that easy.

[smicher]

Unfortunately, I have the answer for your question here...... And the answer probably is that this company, (if it is diluting such as lowman states)(which is probably highly accurate), would love to see alot of buyers at the ask of 0.0002 so the ask would rise to 0.0003 and then the company would sell their "shares" at the new bid of 0.0002 and if they could do this on a daily basis I'm sure they would be more than satisfied. I have a feeling here that when the buying subsides and the bid sticks around at 0.0001 they "the company" would be more than willing to slaughter the bid at 0.0001 with those 9 million share blocks we've been seeing at 0.0002. It makes me angry, but I saw the warning signs this morning and sold out before the bid dropped. Nothing we can do except........here is the good part for you guys who bought in at 0.0002.....wait for alot of buys at 0.0002 and prey the ask goes up......if you bought at 0.0002 and the bid hits 0.0002 and you want to break even sell immediately.