/biz/ - Business & Finance

>>1033188
Well, I just started trading two weeks ago but from what I gather technical analysis would dictate that ASTI will rebound once it hits the current support near .10 (which it did within a few hours of closing). Preliminary fundamental analysis suggests that this bitch is going down in flames.
My personal tin-foil hat tier assessment is that Redwood acquired a large number of shares so that they could strategically sell them off so as to devalue the stock enough to encourage sells and pick up a metric fuck ton of them at 9~10 cents per share. Supporting this theory are the facts that 500,000 shares were recently given to the CEO and Redwood's ownership has decreased from 9.7% to 6.5% since the beginning of the year