Founder77:
I don't know about the float on this one. 40million+ is an interesting number. Anyone called the T/A?
I have not called.
I am interested in the facts though.
Fact #1. On Feb.8th, over 15M traded. That means 15M were sold
and 15M were bought!
Fact #2. The shares are still ACTIVE. (not canceled)
Fact #3. Secured creditors are looking at a positive outcome,
according to the Docket #637 10/22/2010 Report.
"The recovery, estimated to be approximately 80%,
significantly exceeds the initial expectations of the
secured lenders."
I wonder just how many shares are left for "free-trading"
(float), with all the buying that has taken place over the last some odd months.
Might there be, as few as a "single-digit million", number of shares available for free-trading?
And, since it only takes 2-weeks for the process of a Reverse Merger transaction to be accomplished, this could all have already taken place, or is about to take place, or is in the works to take place soon, according to the following:
A Reverse Merger is a transaction where by the private company shareholders may gain control of a public company by merging it in with their private company. The private company shareholders receive a substantial majority of the shares of the public company (normally 85% to 90% or more) and the control of the board of directors. The transaction can be accomplished in as little as two weeks, resulting in the private company becoming a public company. The transaction does not go through a review process with state and federal regulators because the public company has already completed the process. The transaction involves the private and shell company exchanging information on each other, negotiating the merger terms, and signing a share exchange agreement. At the closing the public shell company issues a substantial majority of its shares and the board control to the shareholders of the private company. The private company shareholders pay for the shell and contribute their private company shares to the shell company and the private company is now public.
Upon completion of the reverse merger, the name of the shell company is usually changed to the name of the private company.
Fact #4. Interesting that Asyst Technologies and Crossing Automation have the same address, and logo.
Market Data 
Markets 
AI
