star...I know you are a recent shareholder and it's disturbing to see posts like mine, but, let me tell you, that post was well deserved. Besides, the share price is not about the property as I stated before, it's about the people running the show. No amount of drilling will change what they continue to do to this stock.
This stock is the same price as it was 3 years ago when they made the acquisition and started drilling. Inspite of making several other acquisitions, spending I can't remember how many millions on drilling, almost paying off the property payments, drilling a total of 70 holes, and putting out an estimate that even by the criteria used should have us over $2 conservatively, we languish at the same price as we had 3 years ago.
The ONLY way a shareholder may get a break here is if the company is bought out, or merges with a mid tier company. Unfortunately, ASD won't get bought out without at least a prefeasibility study, and it's doubtful a merger could happen with the data to date. So, it may seem easy right now for you to say more drilling and time will bring the share price up, but the track record of this group will never let the stock achieve the true value of the asset. Maybe after you have been sitting here for another 3 years, and thought the market was finally responding to the drilling, and all is well, only to see the stock plunge back down yet again, you will be singing a different tune.
So, the answer to your question about what does POS stand for, is, dark brown stinky refuse that you flush down the toilet. Too bad you can't do the same with this management group.