Replies to post #102898 on STOCK GOODIES PLAYS OF THE WEEK

[Kashkat]

That would be great, T53. Guess we'll have to wait and see. I'm not out a bunch of money on this but a little consolation prize would be much appreciated. :)

[Sharktnk]

Yesterday, shares of ASYTQ were Deleted from the Pink Sheets OTC.

This is not the end !!

Oh yes it is. You are full of it!

Shares were Delisted from the NASDAQ in 2009, and went to the Pink Sheets, because the 8-K spelled out that shares were cancelled and would forever cease trading on any securities exchange, or market.

And?

Yesterday, the OTC Deleted the shares, stating that the shares were cancelled. They didn't just get cancelled though. They had been cancelled, and contnued to trade for well over a year

.

The 'shares' don't get deleted.

Market Makers will again make a market in shares of ASYTQ, because the company has not exited Bankruptcy, and because, the company has $18 Million dollars under BK protection, and because Crossing Automation, who bought ASYTQ's assets, IP, etc., will most likely want to form a Reverse Merger.

Nonsense! You have yet to prove there is 18 million dollars holed up somewhere, not that it matters, and still are trying to peddle some nafarious reverse merger. In plain sight, the wording is cyrstal clear:

ASYTQ Asyst Technologies, Inc. Common Stock 9/29/2011 Plan of Bankruptcy Effective. All shares have been cancelled. Deletion Time: 11:03:32 **

http://www.otcbb.com/asp/dailylist_detail.asp?d=09/29/2011&mkt_ctg=ALL

There is also the possibility that the Wind Down Reserve, could produce a Liquidation Dividend to shareholders of record.

Companies do this all the time.

From the very same 8K provided below:

Asyst’s common stock was cancelled and has no future value in connection with the bankruptcy proceeding; Asyst’s common stock was delisted from the NASDAQ Stock Market

As long as ASYTQ is still in BK, creditors and shareholders will continue to battle it out in court to try and get what they feel they are entitled to.

There is no battle, there is nothing left to do, it is over.

ASYTQ could easily recieve a 0.05c or 0.10c Liquidation Dividend, in the event the court decides, along with shareholders and the Trustee, that there is enough money to warrant it.

More nonsense.

The Grey Market is where shares of ASYTQ will most likely trade going forward. Shares could get traded on that market as early as today.

No they won't, they would have been moved there in the first place if that was even a remote possibility. Instead ASTYQ has been deleted and will remain deleted.

ASYTQ shares are far from being dead.

Don't let anyone tell you otherwise.

Pathetic ...

I called both, the OTC and Finra >

They confirmed why the ASYTQ symbol was deleted.

OTC said Finra deleted it.

Finra said that they recieved a request to delete it.

Finra said that the stock, (having been cancelled March 10th, 2010), was allowed to be traded after its cancellation. Market Makers maintained the buys and sells for that length of time.

It's unclear why, all of a sudden, MM's are not involved with it any more, but Finra suggested that the stock was allowed to trade, and that it was just a matter of time, before it would be deleted. This happens all the time with cancelled stocks. You just never know when the deletion will happen.

For now, the stock is considered worthless.



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