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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (68554)3/17/2001 7:33:44 PM
From: Anthony@Pacific  Read Replies (1) | Respond to of 122087
 
It must be frustrating to be a fish and be unable to resist bitin on that big ol Treble hook inside a Big-ol-fat stink ball .. Every single time.



To: RockyBalboa who wrote (68554)3/17/2001 7:50:44 PM
From: RockyBalboa  Respond to of 122087
 
Anthony,

just in case one springs out and wants me to "retrace" something:

Astons S-3 filings mentioning the convertible preferred "Alphabet soup" (A to E)

sec.gov

but hey,I forgot one in the Alphabet soup (it is Series F convertible):

sec.gov

The Conversion Price is defined as the lesser of:

(i) 100% of the average of the five low closing bid prices during the 22-
day trading period ending on the day prior to the date of
conversion, and
(ii) $10.79 (based on 110% of the "Closing Price", defined as the average
closing bid price of the Company's common stock during the ten
trading days ended August 17, 1999).

Earlierm, Aston also lost to Rosensaft.

sec.gov

As usual, they paid with shares, shares, shares...



To: RockyBalboa who wrote (68554)3/17/2001 8:52:33 PM
From: mst2000  Read Replies (2) | Respond to of 122087
 
Just when I thought I was done posting here . . . . You posted a post of mine from February 2000. This is from Auric's post, the one that I was responding to, in February 2000:

"Short Bus! Didja see the crappy financials on this greased pig? Cash consumption gives them 2 quarters to live at current burn rate. . . . "

Hmmm, it's March 2001 (over 4 quarters later) and ASTN still has $8-9 Million in cash left (plus $25 MM more available). Which means (i) Auric was factually wrong in what he said (ergo my response), and (ii) its far from "over".

I'll be the first to admit that ASTN's development stage has taken longer than expected -- but in the past two weeks, eVWAP started live trading outside of a lengthy controlled testing period (one that has continued for 2 years while the company assembled a critical mass of institutional customers and B/D users). Last week, in a single day, 1.5 Million shares traded on the system. Modest, but definitely not what Auric was describing in his many posts to ASTN.

That's the great thing about you guys, you love to claim victory before the game is over. What'ya gonna do next, steal the ball and blow the whistle?

Hope SI is still around when this particular game ends.

MST