drobx
2 years ago
If I understand your question, you are under the impression that there is a market maker for this stock. I am sure there is not. I had a conversation the other day with a guy from Schwab about thinly traded stocks like this, and basically any transaction is a matching of a buyer and a seller. That sounded fair enough, but then I asked why when I submitted a buy at a price higher than the posted bid I did not see my price become the new bid. He laughed and gave an explanation, which I didn't really understand. I think the bottom line is that nobody is paying attention to stocks like this, and things happen rather haphazardly.
drobx
2 years ago
It turns out some one is still at it.
https://www.aladdinseparation.com
When the old aladdintalk web site disappeared I thought that was the end. This website has recent links to news stories, but most of the permanent links are broken. I thought of sending a message to the email address, but decided it was too sad. As to buying up all the shares, I don't see how to do it myself. First or course, my broker won't let me buy it. But even if it did, if you allow partial fills of your order you risk getting filled for 10 shares and then paying $7 commission. And if you don't allow partial fills then you'll never get anything. I still wonder what the mechanics are for the trades we are seeing.
gotmilk
2 years ago
I heard a story where there was a company in similar straits,
to what we have here, and after many years all investors
came to the same conclusion that "it's over" for the company,
never to achieve success. Yes, except one person that knew that
the folks running the "dead" company were still trying to put together
arrangements to make the company successful. So here this person
accumulated over the many years near-zero (0.0001) shares.
Finally the company announced positive progress after many many
years of silence. The share price shot up and this person sold all
of his shares and got a million dollars. While I'm not collecting the
near-zero shares here, it seems that those running this company
would have notified us shareholders if they permanently suspended
any and all efforts to sell our gold extraction or that other process.
gotmilk
3 years ago
Even-thought Etrade told you "Opening transactions in [the] Expert Market are not permitted..."
The following link,
https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/
has "Contact your broker for information concerning restrictions or qualifications for accessing Expert Market securities."
Perhaps you hear the rumor... A man collected ten million (10,000,000) shares for $1,000 in a company that seemed worthless, at a price of $0.0001 per share. Then years later this company became tradable and the stock went to $0.10 (ten cents) and the person sold and obtained a million dollars. My view is that $1,000 does not really have much buying potential as folks can spend this on lottery tickets and obtain zero in return. The cheapest new car is $15,000.
If you are successful obtaining ten million ASPTs shares for $1,000 it might cost you paying the broker $500 or more.
Doug
drobx
3 years ago
I thought that this had stopped trading, but see below. ... Never mind, I tried to enter an order on Etrade and was denied. "Opening transactions in Pink No Information, Grey Market and Expert Market securities are not permitted due to the inherent risk associated with these products." I guess nothing has changed, so I'll ask the same question I asked before, which is who is on the buy end of these transactions, and how are they able to do it?
Date/Time Price Shares Exch/Mkt
04/01/2022 10:26:55 EDT 0.0002 10000 OTCBB
03/24/2022 12:38:39 EDT 0.0001 5333 OTCBB
03/21/2022 15:55:24 EDT 0.0001 3833 OTCBB
03/15/2022 13:35:16 EDT 0.0001 17666 OTCBB
03/15/2022 13:06:17 EDT 0.0001 41666 OTCBB
02/14/2022 9:30:50 EST 0.0001 166 OTCBB
02/01/2022 9:30:38 EST 0.0001 1566 OTCBB
02/01/2022 9:30:35 EST 0.0001 3933 OTCBB
01/28/2022 15:02:22 EST 0.0001 119449 OTCBB
01/28/2022 15:00:22 EST 0.0001 296767 OTCBB
01/28/2022 13:28:34 EST 0.0001 3000 OTCBB
01/28/2022 13:27:50 EST 0.0001 33333 OTCBB
01/28/2022 13:27:50 EST 0.0001 2667 OTCBB
01/28/2022 13:27:50 EST 0.0001 3823 OTCBB
01/28/2022 13:27:44 EST 0.0001 233 OTCBB
01/28/2022 13:27:43 EST 0.0001 3000 OTCBB
01/28/2022 13:27:42 EST 0.0001 233 OTCBB
01/28/2022 13:27:42 EST 0.0001 3000 OTCBB
01/27/2022 11:09:53 EST I 0.00 36 OTCBB
12/30/2021 14:25:00 EST 0.00 6667 OTCBB
12/29/2021 9:30:05 EST 0.00 11333 OTCBB
12/13/2021 13:03:13 EST Z 0.0001 5499 OTCBB
12/13/2021 13:03:11 EST Z 0.0001 6166 OTCBB
12/13/2021 13:03:09 EST Z 0.0001 10000 OTCBB
12/13/2021 13:02:44 EST Z 0.0001 3333 OTCBB
12/13/2021 13:02:30 EST Z 0.0001 25839 OTCBB
12/08/2021 12:50:46 EST 0.00 4000 OTCBB
12/01/2021 9:30:53 EST 0.00 39000 OTCBB
11/24/2021 11:24:38 EST Z 0.001 1000 OTCBB
10/21/2021 9:36:01 EDT 0.00 1667 OTCBB
drobx
3 years ago
I got a reminder email from Etrade about the coming changes, pasted below. ASPT is in the category "Pink No Information." It's ambiguous what is required of all broker-dealers, and what is specific to Etrade. Basically, they say you will be able to sell, but not to buy. But if no one can buy then who can you sell to?
----
New regulations will affect your ability to buy and sell “Pink No Information,” “Grey Market,” and “Expert Market” Over-the-Counter (OTC) securities, including at E*TRADE.
On September 28, 2021, new amendments to Rule 15c2-11 under the Securities Exchange Act of 1934 take effect that will impact the market for certain OTC securities classified as Pink No Information, Grey Market, and Expert Market OTC securities (collectively, “Impacted OTC Securities”). These rule changes prohibit broker-dealers, like E*TRADE, from publishing bid/ask quotations of companies that fail to publicly report and keep current financial and other company information. The amendments also restrict the ability of retail investors to open new positions in Impacted OTC Securities.
What these rule changes mean for you
After Friday, August 27, 2021, E*TRADE customers will no longer be able to buy Impacted OTC Securities through E*TRADE. E*TRADE will restrict new buy orders in Impacted OTC Securities prior to the regulatory enforcement date, as it may become more difficult to liquidate such securities after the compliance deadline. While E*TRADE will accept closing orders to liquidate positions in these securities after the amendment goes into effect on September 28, 2021, it may be more difficult to sell these securities, as quoting and market liquidity may be very limited. The following restrictions will apply to any closing order for Impacted OTC Securities:
You must not be an Affiliate, Insider, or Control Person of the company
Only limit orders will be accepted
Quotes for the security will not be available
Other restrictions related to the purchase and sale of these securities may also apply.
Please visit OTC Markets Group’s website to see if any OTC securities you hold are currently categorized as a Pink No Information, Grey Market or Expert Market security.¹
See the links below for more information regarding these changes and how they might affect you:
Understand the SEC amendments for OTC securities
Learn more about quotations for OTC securities
As always, thank you for choosing E*TRADE. It is our privilege to serve you.
drobx
3 years ago
It's easy to guess why people are selling, but the buying is mysterious. I'm not quite clear about what is coming up with regard to the ability to trade this stock. My brokerage said it would end, but is that everywhere, or just on some brokerages? Of course, if one still believes in this company then you still own it whether it is tradeable or not. I'm just glad I stopped playing around with the low limit buys and high limit sells.
Below are the last 30 trades. Some of the share counts are big, but it all amounts to only about $2550.
Date/Time Price Shares Exch/Mkt
08/20/2021 14:52:53 EDT 0.0016 3333 OTCBB
08/19/2021 14:55:32 EDT 0.0016 27500 OTCBB
08/19/2021 14:55:29 EDT 0.0026 7500 OTCBB
08/19/2021 14:34:17 EDT 0.0015 852542 OTCBB
08/19/2021 14:34:09 EDT 0.0016 140000 OTCBB
08/19/2021 14:34:07 EDT 0.0016 100000 OTCBB
08/19/2021 14:33:52 EDT 0.0016 10000 OTCBB
08/18/2021 15:40:41 EDT 0.0016 666 OTCBB
08/16/2021 13:15:32 EDT 0.0016 166 OTCBB
08/13/2021 13:27:02 EDT 0.0016 4666 OTCBB
08/12/2021 15:46:31 EDT 0.0016 9115 OTCBB
08/11/2021 15:47:11 EDT 0.0016 333 OTCBB
08/09/2021 15:29:09 EDT 0.0016 68219 OTCBB
08/09/2021 12:19:17 EDT 0.0016 1100 OTCBB
08/06/2021 13:23:28 EDT 0.0016 20000 OTCBB
08/06/2021 13:23:24 EDT 0.0016 50000 OTCBB
08/06/2021 09:30:12 EDT 0.0015 10000 OTCBB
08/06/2021 09:30:11 EDT 0.001 21666 OTCBB
08/06/2021 09:30:08 EDT 0.0015 10000 OTCBB
08/04/2021 14:34:29 EDT 0.0015 8666 OTCBB
08/03/2021 12:05:55 EDT 0.002 159166 OTCBB
08/03/2021 09:30:05 EDT 0.002 333 OTCBB
08/02/2021 14:59:34 EDT 0.002 999 OTCBB
07/30/2021 11:31:23 EDT 0.002 1666 OTCBB
07/28/2021 14:57:49 EDT 0.002 2500 OTCBB
07/26/2021 14:54:59 EDT 0.003 3000 OTCBB
07/23/2021 14:10:03 EDT 0.003 5750 OTCBB
07/20/2021 15:31:06 EDT 0.003 13333 OTCBB
07/16/2021 14:22:43 EDT 0.003 167 OTCBB
07/16/2021 14:07:29 EDT 0.003 30666 OTCBB
gotmilk
4 years ago
"... no reason to believe they ever will."
Many many years ago I suggested, in a public post, a reason why they can not stop trying.
It's not to save the general population of investors, but the friends & family folks of those that run this company, all based on those that ran this company in the beginning telling friends & family members to buy in this company as a sure thing with huge returns on their investments, both as direct cash to get shares and shares on the open market.
"they" don't give a shit about us investors, but their friends & family are constantly reminding "them" that because of you I have lost big monies and want it returned.
doug
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