After holding a shareholders meeting last week, Astra Veda Corporation (OTC: ASTA) has been gaining substantial interest with ASTA stock up 51% since then. During this meeting, ASTA shared that it was granted a new patent that might be related to a new anti-ballistic product. Considering the rise of mass shootings and crime rates, ASTA may be well-positioned to capitalize on this unfortunate situation and increase its revenues substantially.
ASTA Stock News
*Written August 17th, 2021
Astra Veda Corporation has overcome the legal challenges of the last three years and appears poised for a comeback. The company – which co-founds technology companies and incubates them to maturity – spiked up to a 52 week high of $.009 last week following their CEO’s announcement that ASTA intends to become pink current. As of July, the company’s profile was verified by the OTC market. Generating revenue through its promising subsidiaries, the Astra Veda Corporation has excited many investors thanks to its assets which are some of the strongest in the technology market. While this hot penny stock is trading under 10 cents, it may not be for much longer.
Paranotek, the golden goose of Astra Veda, was developed by the company’s CTO and Co-Founder, Lauri Tunnela. The cybersecurity software company, whose main goal is ensuring maximum security for the users, provides the encryption necessary for the utmost privacy. With a four year patent-pending, Paranotek has what is likely to be the first quantum-computing resistant encryption. This is particularly impressive considering the novelty of the technology presented. While, COVID issues over the past 18 months have no doubt hindered the United States Patent and Trademark Office’s progress in approving its patent, Twitter updates from ASTA’s official account with the hashtag #patenttime is making speculative investors confident that the approval is coming soon. Once approved, Paranotek will be well ahead of its competition thanks to this cutting edge technology. But in the meantime, Astra Veda has continued progress on two of its internally developed apps.
Punchzee is a powerful field management platform suitable for start-ups in the construction and maintenance industries as well as for large general contractors. Available for download since 2019, the app allows its users to create projects and upload drawings that are readable down to the smallest detail on all devices. Additionally, it creates custom, easy-to-use task forms that can be quickly sent to field technicians for completion – eliminating the chance of errors or delays. Despite fierce competition, the app is standing its ground.
Punchzee has recently announced a partnership with the National Association of Women In Construction (NAWIC). This partnership provides an extraordinary opportunity for NAWIC members to utilize this powerful field management software in order to efficiently manage, track, and report construction operations.
ASTA’s second subsidiary, Saphyr, is heralded as the only quantum computer resistant messenger app. Messages sent with Saphyr are transferred directly from 1 device to the other without any servers in the middle. Unlike other messaging services, Saphyr does not require personal information like a user’s name or phone number. Based on Parantok’s twitter updates, it appears the much-anticipated release of the Sayphr app could be very soon.
As a company with so much potential, Asta’s board was adamant that it create a new identity for the company. For this reason, the company filed in 2019 to change the company’s name from Worldflix (WRFX) to Astra Veda (ASTA). In the interest of transparency and accountability, the company has decided based on a forensic accounting examination that it is “required to reconstruct a general accounting ledger based on the information curated by the fraud and forensic examination team”. In a press release last March, the CEO said the company will meet the OTC market deadline and deliver the required filings on time. Currently, their draft financials are being reviewed by an independent audit committee and ASTA is showing no signs of slowing.
Announcing a joint venture with Bullet Barrier last May, CEO Mick Davis is pursuing new plans with the manufacturer of ballistic-resistant windows and door coverings. In light of recent mass shootings, these products will likely be marketed to schools and governments as well as residential and commercial communities by 2025.
*Update March 16th, 2022
Despite the potential Saphyr, Punchzee, and Paranotek demonstrate, the Astra Veda Corporation (OTC Expert Market: ASTA) remains in the expert market. According to the company’s statement regarding its tier change, ASTA “provided qualifying disclosure requirements to meet “Pink Limited” before the 28 September SEC deadline”. However there was a defect in their paperwork which was corrected on the 27th.
As a result, the Astra Veda Corporation shared that unless it “is provided detailed notification otherwise, we will continue to assert to our shareholders that there are no disqualifying defects and expect to be placed in the Pink Limited Tier as soon as OTC Markets Group has reviewed our disclosures”.
To mark the end of the year, ASTA’s Chairman and CEO – Mick Davis – shared an optimistic update with the company’s shareholders. The letter touched on work done to customize Punchzee for several high value prospect verticals, Ballistic Barrier Products, Inc. recent capital raise, and the company’s relationship with the National Association of Women in Construction.
Davis also commented on the company’s efforts to launch their new external compliance team which would be working to resolve “any GAAP issues that may be exist between us and the OTC Markets Group”. According to their statement, once ASTA has its proper financials completed and filed, along with an amended disclosure statement, the OTC Markets will recognize it as compliant.
ASTA has also shared that it would “be engaged in civil court to recover shareholder value stolen in previous bad acts”. The goal of this legal action is to “recapture” more than two billion shares of discounted toxic convertible notes issued between 2016 and 2019. Meanwhile, no official update has been given regarding ASTA’s subsidiaries.
Saphyr – a direct peer to peer messaging service – appears to have a patent pending for its unique end-to-end encryption protocol which makes Sayphr the only quantum computer resistant messenger app. The beta version appears to still be under development at this time.
Given the recent push for cybersecurity legislation, Paranotek – an international startup using Finnish technology – could see higher demand thanks to its range of products dealing with data storage, sharing, and instant messaging using disruptive security technology. Unlike other popular apps, Paranotek’s data storage and communications services do not collect or store any private information and is “virtually impenetrable” thanks to its technology.
This ties into CEO Mick Davis’ lengthy experience as an expert in cyber warfare subject matter for the Army and as Chief Technology Advisor for ETS Capital, Senior Advisor for USCYBERCOM, and Chief Executive Officer of other US-based privacy and security companies. It is also worth noting that Davis helped found High-Speed Access Corporation which had a $2 billion IPO on the NASDAQ before Charter Communications purchased the company a year later.
Meanwhile, ASTA’s third and possibly most promising subsidiary – Punchzee – has completed over 1,400 projects and performed over 95,000 tasks for companies of all sizes in the construction and maintenance industries. Several updates were done to the app which remains available on the Google Play and App Store.
Offering a new way to simplify workflow, the Punchzee App automates reporting using advanced data filtering tools and report generators. Project performance is displayed in real-time and users are able to communicate with subcontractors and clients in the moment to resolve issues immediately and stay on schedule. Punchzee’s team also attended the International Builders’ Show in February to demonstrate the app’s range of abilities for potential clients.
Considering that the company’s official Twitter account restricts who can see its posts, the company’s communication and transparency is notably low. Many investors are holding out for ASTA stock to become pink current, but there has yet to be a public update on this matter.
*Updated August 23rd, 2022
Still trading in the Expert Market, ASTA has taken steps to become Pink Current as it added the president of its accounting firm – Eventus Advisory Group, LLC – to its OTC profile as an advisor to its board. Reithinger is a well-respected figure in the OTC thanks to his involvement with several companies which had issues similar to ASTA. Considering that Eventus had been ASTA’s accounting firm long before Reithinger’s addition as an advisor, many investors are bullish this appointment will facilitate direct talks with the OTC Markets to resolve ASTA’s situation. In light of this, ASTA could be on track to submit its disclosures with the OTC Markets by EOY.
Meanwhile, the company has made its official Twitter account open to the public – a move which supports greater transparency for its shareholders.
*Updated December 2nd, 2022
After finally posting its 2021 annual report, ASTA stock is gaining investors’ attention after the company left the Expert Market and became Pink Limited. In this way, ASTA is set to become available for US traders to buy which could result in the stock witnessing an influx of new investors who have not been able to invest in the company. Now that the company is Pink Limited, investors are bullish ASTA could become Pink Current soon as it could post its quarterly reports in the near future. As the company is able to move forward with its plans, ASTA promised to roll out updates regarding its upcoming endeavors over the coming weeks. In light of this, ASTA stock is one to watch closely this month as it could reach new highs.
With this in mind, ASTA assured its shareholders that it has no intention to effect a reverse split or dilute its shares. At the same time, the company intends to reduce its AS as a part of its 2023 securities structure rehabilitation plan to protect its shareholders’ value. Considering the company’s advanced technologies, ASTA stock could be one to hold onto in anticipation of updates regarding its business.
*Updated June 1st, 2023
In its latest shareholders meeting on May 25, ASTA unveiled that it received a new patent. This new patent is related to Ballistic Barrier Production’s new anti-ballistic barrier with an extendable retention system. As a lightweight and easy to install product, it could witness high demand given that it could be installed in several ways suiting different interior settings and situations.
The main driver for this demand would be the extreme rise in crime rates and mass shootings in the US. During 2023, there have been more than 300 shootings, and as a result, individuals may look to further secure themselves and their families. Thanks to the waning sense of security, ASTA may be poised for record revenues this year since it also offers ballistic-resistant window shades and door shades. Based on this portfolio of products, ASTA may be set to realize substantial revenues in 2023 which could send ASTA stock soaring from current levels.
ASTA Stock Financials
2021 Earnings
In 2021, ASTA reported $703.8 thousand in assets including $634.2 thousand in cash – representing a YOY increase from $381.1 thousand and $351.8 thousand respectively. However, ASTA grew its liabilities over the same period from $608.4 thousand to $819.6 thousand. Meanwhile, ASTA reported substantial growth in revenues as the company realized $911.2 thousand in 2021 compared to only $50 thousand in 2020. However, operating costs increased to $850.4 thousand from $482.3 thousand in 2020. All in all, ASTA reported a net profit of $111.5 thousand which is promising for a growing company like ASTA. Given that the company has no history of dilution and no convertible debt, ASTA stock could be an attractive long-term investment for many investors.
2022 Earnings
According to its 2022 annual report, ASTA’s assets decreased YoY from $703.8 thousand to $398.8 thousand. Meanwhile, its cash balance sharply sank from $634.2 thousand to $66.3 thousand. On the other hand, liabilities ballooned from $819.6 thousand to $1 million.
In terms of revenues, ASTA witnessed a YoY decline from $911.2 thousand to $685 thousand. To make things worse, its expenses rose substantially from $850.4 thousand to $1.2 million. As a result of these drastic changes, ASTA’s net income of $111 thousand in 2021 turned into a net loss of $508.6 thousand.
Media Sentiment
@BrianWalton78 is extremely bullish on ASTA’s long-term prospects.
@Backstabbed14 is long on ASTA.
Technical Analysis
ASTA stock is in a neutral trend with the stock trading in a sideways channel between $.0023 and $.0032. Looking at the indicators, the stock is trading above the 200 and 21 MAs, however, it is currently testing the 50 MA as resistance. Meanwhile, the RSI is neutral at 58 and the MACD is approaching a bearish crossover.
As for the fundamentals, ASTA witnessed a catalyst recently in its shareholders’ meeting where the company shared that it was awarded a new patent. Considering the growing crime rates and mass shootings, ASTA’s portfolio of anti-ballistic products may allow it to achieve substantial revenues due to the potential demand for its product. With the stock testing the 50 MA resistance, bullish investors could wait for a retest of the support before adding to their positions in ASTA stock.
ASTA Stock Forecast
Despite suffering a financial hit in 2022, ASTA is poised to regain some substantial revenues through its subsidiary Ballistic Barrier Production. ASTA stock is up 51% since its shareholder meeting which could be due to the new patent. As is, the US’s recent spat of mass shootings is likely to spur purchases which might translate to additional revenue for ASTA.
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