Replies to post #48942 on American Scientific Resources (ASFX)

[medicineman]

Haven't read the whole thing yet. I interpret that section to basically say that no one investor can own 10% or more of the company. You read it any differently?

[carjac]

Seems to limit the amount to be sold under each put notice to 9.99% of outstanding shares plus shs to be issued. So it would seem that the full $10,000,000 would not go all at once. Ultimately, the result of the use of this money will determine if dilution takes place. The issuance of stock at an 8% discount to market would have minimal impact on share price as it now stands. However, if they can in fact generate substantial profitable business globally by using this money, we may not see a dilutive effect. Only time will tell.

[Manti]

The 9.99% limitation is to keep the investor from having to report any trading activity. If any beneficial owner holds more than 10% he has to report his trades...