As stated previously. The Allstar information System is 80's technology as is the business model. They have never gotten the numbers out in a timely manner. Whats so different about this quarter. There's alot of Allstar Cheerleader types on this board. The facts are, this company went public at $6, bottomed at $1.50 and is just muddling around. Last time I checked they are still $3.50 from the come out price of $6. There is a reason for this. Wrong industry, wrong business model, no creativity and risk takers in the management ranks, too many accountants and not enough technologists. They are merely a commodity equipment broker and technical staffing company. I don't think Wall streets buying.
Sounds to me like someone got up on the wrong side of the bed today, or maybe I got through to the number one incompetent at ALLS. My DD was reading on this board where is says NEWS. There is nothing listed. I also noted that several others wrote in wondering about the same thing I was, so maybe there are a lot of us out there who are clueless. As to your comment about the 31st being the due date, well I happen to know a little bit about this and the 31st is the drop dead date. If you don't file by then you can run into lots of trouble with the SEC if you don't have a good explanation. Closing a big deal in Alls terms means large volume, little or no margin, so whats your point. I suggest you take your money and put it somewhere else.
There has been no news, no media coverage of any type that I can find (except one or more stock hustlers - publishing 'research' reports). I checked with the company and they know of no news either.
I think that the company -may- eventually justify a price higher than the $1-$2 it has been dragging at most of the last year. However, before the stock price stays high I think that the company will need prove out earnings for multiple quarters or show some direction before this will happen.
The stock certainly has run up (yesterday hit $4.50), but I don't think that it has run up because people are buying it for the long term.
Assuming the new purchasers are not in for the long term the stock will drop as soon as those people start selling. Since the price already popped and seems to be meeting some resistance to moving beyond $4, I bet most recent purchasers are going to bail out. And the stock will drop back down -- maybe even all the way under $2.
While I can't predict 100% what will happen, I am sure that if the stock price meets much resistance, it will not move sideways but drop in price. The drop may even be sudden, -if- all new purchasers sell (much less if any prior purchasers sell).
I doubt that the runup has occured because of investors trying to make a quick buck as you imply. I feel there is almost certainly accumulation by insiders or institutions. I say this because this partly because this board has been extremely quiet for such a runup the last few weeks and also because the runup has not just occured over a few days but has consistently rose since the beginning of the year. JMO.