Now maybe they can get the stock back over $1 and not need to do a reverse split to keep Nasdaq listing. Look at the list of companies on PCG's website. They pumped, er, I mean, advised some hot momentum names.
Current price unsustainable, long like Ignat have pumped pumped and pumped the stock to absurd valuations.
What gets pumped up must come down.
Don't worry Ignat, you can easily raise another $100 seed money by begging at the bus stop or street corner.
One of the positives here is that it's apparent that the barriers to entry for ASTI's type of product is very high. It is easy for any number of factories in China to churn out a cheap solar charging case that uses essentially glass panels that are not flexible and can shatter. But, that's obviously inferior to a product that is incredibly lightweight, flexible and essentially indestructable. Hundreds of millions have gone into the development of ASTI's solar tech. Even now, R&D spend is high. ASTI is one of the few solars using CIGS technology that survived the solar crash. I don't know of any competitors in the gadget/phone chargers space with this tech. All the others use the essentially glass panel old tech. The company's weakness, from my observations, is the execution. But, seems to be getting better in this regard.
At the current R&D and SG&A spend, they need revenue of $40-50M per year just to break even. So they'll no doubt need more financing. That's why the stock doesn't hold gains, even with the triple digit growth. It's not looking like profitablity is attainable until 2017.
They did the same thing last time but it was the actual release that really moved the stock (1.50 to 2). Probably the same thing happening here...creep it up into the release. They need it over $1 to avoid the Nasdaq delisting. If the growth continues on the same trajectory, next year ASTI will make $20M.
and...never say "always" as concern the stock market. The next big gap up could be the big run.
ya see, I thought Iggy was giving Murph enough cheap sex on behalf of shareholders that the pump would go on forever and everything would be just peachy for y'all
I don't understand the timing of this offering. Can the wifey please explain why they just scrwooodidlyoed the shareholders?
That's right.. a few 100k at most, but most likely a lot less...or nothing. The pumpers need to remember if it was anything "material" that would be reported in the 8K. No buyers here anymore ...downside momentum is building.
They've pretty much done it for every monthly expiration. LOL
I'm thinking it'll actually be different this time. Burn the calls this time. Lots of pumping, slight uptrend, new blood ......time to go splaaattt