$ASTI has always had a HUGE support level at 15-16
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(Total Views: 4546)
Posted On: 04/12/2017 10:45:58 AM
$ASTI has always had a HUGE support level at 15-16. I've been watching this one for years. I believe the support level will stay here for some time, here's why based on some numbers I crunched some time ago. When it went to .008 in Jan. I made over 45G on it. Do your own DD please.
When penny stock companies secure $ from someone (themselves generally - a parent or subsidiary - known or not) they issue a note to the issuer to pay them back on a certain date with interest. (Look at most any 8-k)
In the SEC legal paperwork it will indicate that this note is NOT convertible into equity shares but here's the rub... It can be converted into Preferred stock. You will see at some point that these PS shares WILL be converted into normal shares, just read any 13G.
What I've seen in ASTI is that the conversion works out to this level (15-16).
To convert it to this # in the future, the price of the stock has to be significantly higher, thus the "pump".
Current holdings: ASTI, BSTN, OTTV, GBSND.
When penny stock companies secure $ from someone (themselves generally - a parent or subsidiary - known or not) they issue a note to the issuer to pay them back on a certain date with interest. (Look at most any 8-k)
In the SEC legal paperwork it will indicate that this note is NOT convertible into equity shares but here's the rub... It can be converted into Preferred stock. You will see at some point that these PS shares WILL be converted into normal shares, just read any 13G.
What I've seen in ASTI is that the conversion works out to this level (15-16).
To convert it to this # in the future, the price of the stock has to be significantly higher, thus the "pump".
Current holdings: ASTI, BSTN, OTTV, GBSND.
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