Zeev,
Thank you for your valued input and comments on this thread. They are appreciated.
I spoke with ASTN's CFO today and may have a couple of clarifications for you.
You mentioned "some additional delays," which seems to imply there has been a delay, when in fact from ASTN's point of view there has not been any delays on their end. The plan has always been to go online in July and the quote of July 1 may have been taken out of context by the reporter. Even if it were July 1...which "makes no sense to go online on a Thursday prior to a holiday weekend" I have been assurance that VWAP is ready and more than able to go online at anytime even prior to July 1. I believe the July 1 statement was more of a confirmation that VWAP is all systems go.
Another question I had clarified was concerning the Series D and E's (the floorless) The D and E's are completely gone and they are already in the existing float, so the dilution has occurred for those already. The dilution occurred as the share price rose.
I was also told that the Company has not filed and does not plan to file a S8. There has only been one insider thusfar which has filed to sell his individual shares, and sold. It sounds like he will not be voted back on the board. The other members are committed to making this company profitable and successful.
Technically breaking 10 1/2 is what caused the dip down to the low 9's. We broke a quadruple bottom. But as far as any fundamentals changing, delays or any inability to get the desired number of subscribers, those don't seem a problem according to ASTN. (The issue of # of subscribers is actually not the crucial factor. The most important factor would be the activity/usage of the subscriber over the sheer number of subscribers.) The company is poised and ready to roll out the VWAP system into the market and fulfill a need for the
*anonymity,
*market neutrality,
*accessibility from anywhere in the world,
*total data security,*exchange-standard surveillance,
*seamless integration into customer trading and investment management portfolios,
*electronic connection to pre-trade analytic and post-trade, industry-wide clearing and settlement mechanisms, and
*the ability to upgrade and expand with rapidly changing technologies.
With the greenlight to trade the top 400 listed securities (based on market cap and liquidity).
Zeev, I hope this is of some help in making sense of things.
Nanchate |
