ASTC has more free cash than float stock market cap. This is a battle it cannot and will not lose. I also think another $5m spent in 2016 also on buybacks would be prudent as 2017 should bring a nice fat NGCD production contract which will send the stock into orbit with a much lower float then as a base. Smart move mopping up all the weak hands at low prices before revenue starts seriously ramping in the future. $5-10 is where this stock will eventually end up at the end of this decade.
Astrogenetix is more dormant than failed, they are still trying to get NASA to foot the bill for most of the first trial stage which is a smart move as drug development is risky and expensive and all the cash/technical collaboration you get along the way the better, he also got VA scientists to do the initial work. Pickens chose the 1stDetect CEO, if his position as parent CEO is ever in doubt like it was when Porter tried to get rid of him he would return back to being 1stDetect CEO again. This is more about technical delegation I suppose than anything else and an existing employee was promoted as in the case of the new ASTC CFO not a new one brought in.
Pickens owns 20% of the stock and the surviving Directors are ones that he gets on with so for better or worse he controls this company. He comes as part of the package if you like this company. If you don't like him or the company structure then selling is your only real option as he has fought off two takeover attempts already (Nieboer and Porter) so he is pretty well entrenched here.
The new CEO has been granted options to encourage him to get a qualifying sales number ($5-$7.5m-$10m over 2 years) and he is more qualified than Pickens to be 1stDetect CEO. It's impossible to know who will win NGCD at this stage but it beat about 30 competitors along with 2 others to get to the development prototype stage and there is nothing to preclude more than one company getting those production contract/s. Battelle/1stDetect also had the largest development contract once all options are used, $9.8m, so that is hardly indicative of a losing bid.
It's also a fact that Pickens few past public appearances in front of conferences and even the US Congress have been in support of Astrogenetix not 1stDetect as that is more his baby. As to the difference between the two CEOs only the CEO of ASTC controls the cash going into 1stDetect so it is a more senior position that the 1stDetect CEO has to report to in terms of strategy and cash expenditure sign-off which he then executes. Another example is the recent $5m buyback could only have been authorized by the ASTC CEO as his prime remit is to increase the shareholder price of ASTC.
This is how it's going to go down, two steps forward, one step back as the company shakes out the weak hands at each price level.
Has anyone really ever cared what you think lol ? You're the idiot that said IMSC would be zooming past ASTC months ago after QPL and IDIQ when in fact it has exactly done what I said it would do, collapse to the highest DMRJ option range, 1.09-1.18. You can shout as loud as you like with your tiny pea-brain lies as the undeniable fact is there have been small sales for years now unlike your bald-faced lies and the revenue ramped up last quarter so it must be an invisible alien this real revenue is being paid by according to you LIAR.
You are a completely clueless clown who I engage with for sheer amusement value as I already know you will always be proved wrong as you already have been for YEARS mr shawtysuckinwind lol. This stock is heading back up to 3 and then will stay over it, watch the buyback in action fool as IMSC descends even further under more crushing dilution. Observe to your further detriment how a well-run company like ASTC compares with a badly run one like IMSC. There are no good scenarios for IMSC. Either DMRJ dump another 90m options on you keeping you around 1 for years or they take the price brutally down to 8c before IMSC find the money to pay them back in March. You and your LOSER STOCK are DOOMED CRETIN LOL !!
The NGCD development contract is a real contract with real revenue eventually numbering many millions, it is not potential but reality. The production contract afterwards is the potential I was talking about and that is tens of millions annually. I don't think you really have truly grasped the buyback situation here, the company can buy back ALL the retail FLOAT stock not in insider hands and still have $15-20m change left over from its cash position. What do you will happen will happen to the stock price when retail shares drops to a very low number of shares ? OTOH as you are so incredibly stupid and dense it would probably have been better to ask a brick wall that question as the reply would still be more intelligent then anything you can offer.
I only have one alias unlike you. Your thick head really does not understand does it. Let me explain it you simply,
volume is totally immaterial, if you only have two sold shares and one bought share the price goes down. If the company then buys back those two shares the price goes up, total volume - 5 shares. It really is that simple. $5m is a tremendous amount to buy back with volume so low, it will have an enormous effect on the price eventually so low trading volume is an advantage in buybacks as you need less money to make the price rise. Your ignorance about all matters concerning stocks is breathtaking !
It's not about liquidity, it's about reducing the float which is relatively small anyway considering how many static insider shares there are. He only has to push the stock to 2.90 and the stock will start going up by itself anyway due to TA factors, I suspect $2-3m will do it from here. Think of this as reverse dilution and notice how dilution has killed the IMSC stock price as I predicted so think of that process in reverse, less supply with constant demand means rising stock price. Now is the perfect quiet time to do before the NGCD/Rigaku revenue kicks in in earnest. I am really quite pleased with his actions lately, he will turn into a fine CEO yet.
p.s. you keep repeating that same old lie about no sales, no business plan when there have been sales for over 2 years now albeit small and the sensible business plan is quite clear as I explained it to you many times, partner but don't compete with market leaders. The company has now four different potential revenue streams, NGCD development, Rigaku thermoanalyzer, MMS-1000 and process control sensors. Seems quite a busy business plan to me.
and he takes my advice again (good man !!) ...
'Astrotech Corporation (ASTC) a company that specializes in the commercialization of valuable space and defense technologies for uses in industrial process control, explosives detection, research and healthcare markets, today announced that its Board of Directors has approved a share repurchase program authorizing the company to repurchase up to $5.0 million of its common stock through December 31, 2015.
“Astrotech is committed to delivering shareholder returns,” said Thomas B. Pickens III, Chairman and CEO. “Our Board of Directors and our Management Team believe repurchasing stock at recent trading levels represents compelling value,” Pickens added.
Repurchases under the share repurchase program may be made from time to time through open market transactions, privately negotiated transactions or otherwise, as determined by the company’s management depending on market conditions and business needs, in compliance with federal securities laws. The share repurchase program does not obligate the Company to purchase any particular amount of common shares, and it may be suspended, discontinued or modified at any time at the Company’s discretion and without prior notice.
Astrotech had approximately 19,697,627 shares of common stock outstanding as of November 7, 2014. '
That short interest is quite high historically for ASTC, you obviously have fully loaded your short boat ! Shame it will eventually sink as this company outlasts you ;-).
He has been given some revenue targets (5m, 7.5m, 10m over 2 years) to be able to receive 2.60 options
I think the NGCD development contract alone will bring in close to 5m over 2 years if all the options are used.
Even Samsung's 20nm had lower clock speeds on its A15-A7 Octa compared to 28nm and yields are so bad apparently that it is not even bothering to offer it to foundry customers. All is not well in 20nm planar land and if TSMC are having problems as well with SD-810 MIA that has major implications for all their customers who happen to be the majority of foundry customers.
More like a year before reserve exhaustion as basically no-one is lending to either the Russian Govt or Russian companies. The message to Putin is clear, if you want to expand the Russian Empire you will have to pay for it thru the nose in blood and treasure. His State of Union address was very defensive trying to justify his disastrous policy to his nation and he even muttered the words Ukrainian territorial integrity in a recent meeting with Hollande. I expect him to rein in the rebels very shortly and make them behave so that sanctions get dropped on their anniversary renewal date. He will be behaving normally by this time next year ... hopefully ;-).
A57 looks too hot for planar 20nm
Yeah that makes far more sense, US and SA acting together to screw Russia and (Shia) Iran with low oil prices by pretending to be competing against each other :-). I think only now is Putin realizing how indescribably economically stupid his nationalistic foreign policy is, dude the 19th/20th centuries called and want it back lol !
Tyson is an astronomer. Very few of the 'expert' mouthpieces spewing their AGW nonsense are actually trained climate scientists, Hansen is another example of a moonlighter from another science discipline indulging in this peculiar religion.