as I predicted couple of months ago... not far from needing to raise capital again. now it seems only Gov handouts can save them. and to get those, ASM still needs to land few large orders so the Gov can see value in propping them up to help them during the ramping up of the production. But without ASM landing any significant orders, the Gov will be seen (rightfully) as handing taxpayer money to prop up an incompetent board who was and still is clueless how to build a business and only chases free Gov money.
turns out the technology is not as competitive and advanced as many thought and China is still the preferred supplier.
If ASM does not start to land some larger orders in the next 12 months, only real prospects of WW3 (from commercial point of view and outside Gov handouts) can change the fortunes of this company. Very high risk.
ASM Price at posting:
37.0¢ Sentiment: None Disclosure: Not Held
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