Company has plenty of cash to keep the dividend going for one maybe two years, but the government GAO situation has been completely unexplained. No amounts, no size and scope, no real what it is all about.
Any kind of financial weakness and this stock will slide quickly to the downside imo.
I am sitting here wanting to invest in the business and there is little to no clarity as to what is going on............
Doesn't do us shareholders one bit of good when the company is tanking like it has for several months now.
All the bomb technology in the world doesn't help when the company is run by misfits.
Then we can watch the dividend go bye bye. No way they will continue to pay a 2.00 dividend. And I doubt if it will be cut it will just be eliminated. Asei is in deep trouble much more we will ever know. Poor management killed this once very good company that at one time was ripe for a takeover.
This just does not smell good, and you see that management is done buying their own shares in their statement of solidarity. Watch for a dramatic sell in the stock imo.
Could not agree more. I have been watching for months now, and clearly the dividend is about to go. It is not sustainable. Add in the fact that ASEI was buying its own shares at $50 and $60 to artificially prop the stock, I mean seriously, how does one invest in this company.
Answer: You do not.
Single digits to low $20's a distinct possibility. It has happened before. An adverse government ruling or fine could destroy the company for years to come. What did management do that placed the company in this sort of risk position.
The better bet would be to short the stock now going into earning imo. There is very little upside potential at this point.
That is why nobody is investing. If there ever was a dead stock Asei is it. Afraid the dividend might be the next to go and if it does look out below. We would be talking single numbers.
The potential financial damage that an adverse ruling in the GAO investigation might have. ASEI could literally be destroyed overnight.
Along with the financials and current tough market they are in..........there is no estimate, or, guesstimate what the financial risk is to the ongoing investigation by the GSA. Management has essentially said little to nothing on the issue that adds clarity. If the fines and levies are $75 million or more, then this becomes a $20 stock overnight!
ASEI has incurred expenses regarding the issue. At this point in time it would seem that there would be more insight rather than the nebulous terminology............whether or not ASEI has been meeting its contractual obligation.
If so, what is the current situation. What is the damages Risk? Was there not an investigation about collusion in regard to pricing? Am I wrong?
I would like to take a position in the stock.
Of seeing $90 again. Management is giving aWay the cash, and hopes for a rebound in revenues.
"Refresh cycle"? ASEI seems to have hit the wall years ago and never bounced back .
I'll keep this short and sweet...Google "PennyStock101' signup for their free newsletter and get their next trade alert. Come back and thank me tomorrow!
Says who certainly not you. I have had this stock since 1993 certainly much longer than you ( if you own any at all) so go do your blabbering on another board.