RE:Abandon shipbullcycle wrote:
Victor Lee explained the low Q2 sales is due to problem in its distributors and retailers but I was skeptical about his explanation and wait to see if Q3 sales will be back well over $1.1 million as in Q3 of 2014 and 2015. The low $450K Q3 revenue confirms my fear that all is not well with the company, the huge operating cost still results in $11 million loss. Q4 sales for 2014 and 2015 were both at $2.4 million, even this Q4 sales will be also be at $2.4 million, the Q4 financial won't be released until next February, by then share price could has drifted down to 0.1 cent. There is no sign of investors accumulating shares, they must feel the same way. I decided to take a huge loss and recover it in other stocks. ASTI is not the only stock in the stock market. Crude oil price has hit strong support level and is still in a persistent up trend, RMP.V BRE.V both have sold off some of their non-core assets to clear some debts, so their balance sheet and earnings will look much better in the future, share price of these 2 companies has hit possible rock bottom. Their hit high of $10 in 2014 before oil price crashed from $80. Good luck to you all.
This is why NO manufacturing jobs can be created in North America..... Just way tooo expensive....