ASTC- Background: Astrotech (NASDAQ: ASTC) was established in 1984. Prior to 2009, it was known as SPACEHAB, Inc., a company that provided space habitat microgravity experimentation equipment and services to NASA during the Space Shuttle era. As the Shuttle program came to an end, the company put more attention on its satellite processing business, Astrotech Space Operations (ASO); its mass spectrometer instrumentation business, 1st Detect; and its microgravity vaccine development company, Astrogenetix.

 

In August 2014, the company executed a successful sale of its ASO subsidiary. Proceeds of the sale are funding commercialization of new technologies. In February 2015, the company acquired certain defect correction software and Astral Images was created to commercialize decades of automated image correction and image enhancement research. At this time Astrotech redefined its mission to be a business accelerator that invents, acquires, grows, and monetizes technologies in order to maximize shareholder value.

 

Now the company has two business units now. "1st Detect" which does chemical analyzers for airport security and a few other things, and "Astral Images" which repairs and enhances video footage and images.

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on 10-5-2018 they announced a new member of the board his name is Tom Wilkinson he has a history of becoming CEO at companies and stripping them and selling them. After this 8-k was filed there was a small volume spike and small gain. I will keep watching this one as I dont buy the rumor, I buy the reaction to news after it has already come out and price action is reacting well.

 They had been expecting to get another round of funding from NASA for their newest product but they were rejected. they announced this terrible news in their most recent 10-k. 

it does have a history of spiking.  A few weeks ago there was a day where it spiked from the mid 3's up to the mid 6's so I will wait for signs of something like that happening. It did fail to hold this spike however and there was no news or catalysts. it failed back to the 2-3's the next day.

Volume was over 3M the day it spiked.

 

 

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