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Non-Tech : Ashton Technology (ASTN)
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To: Canuck Dave who wrote (248)4/21/1999 6:29:00 PM
From: EyeDrMike  Read Replies (2) of 4443
 
<< Only thing that bothers me is that there must be some big source of revenue for the company down the line to see this kind of action. But what?>>

ASTN owns the newly approved VWAP trading system. ASTN gets 0.015 to 0.02 cents per share on the volume. CEO is on the record saying he expects 20 milllion per day in volume, already has 50 institutional clients signed up, and expects 50 more by year end.

0.02 x 20 million is $400,000.00 per day, about 100 Million a year in gross revs. My understanding is that the 20 million a day is a conservative estimate of the volume.

They also own Gomez Advisors, and eMC, an on-line brokerage which is already designed and ready to go..............they have the potential, just need execution. Management has what it takes to execute the game plan.

Mike
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