Replies to post #52067 on American Scientific Resources (ASFX)

[makeamint2]

EDIT: the company would have to file a registration statement to sell shares that are not already in the float. I do not now if they have filed or not. Having reversed the Authorized and outstanding does not create available shares. If there is an open reg statement from which all of the shares are not already in the public float then they can sell. Otherwise they HAVE to file a reg statement. Likewise if they are selling their own shares they have to file an s4 individually within a certain period of time from the sale. again, i don't know what restrictions or legends may be on their shares or if there aren't any restrictions or legends. Instead of hypothecating all of the revenues, management should pledge their shares as collateral for all of these loans etc. Unless they do not believe in their plan or the company's future....or are planning a sale of their shares that has not been disclosed