This has been a high volume stock all week (over 500mil nearly everyday). Good time to buy in, if you ask me. Has been trading at 0002/3.

Here's a link from buyins.net: BUYINS.NET Issues American Security Resources SqueezeTrigger Report

BUYINS.NET Issues American Security Resources SqueezeTrigger Report

* Approximately 4.78 Billion Shares Have Been Shorted Since August 2009
* Next Squeeze Expected Above $0.0003

NEWPORT BEACH, Calif., April 12, 2010 (GLOBE NEWSWIRE) -- BUYINS.NET, BUYINS.NET, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on American Security Resources (Pink Sheets:ARSC) after releasing the latest short sale data through April 9, 2010. The total aggregate number of shares shorted since August 2009 is approximately 4.78 billion shares. The SqueezeTrigger price for all (Pink Sheets:ARSC) shares shorted is $0.0005. The next short squeeze is expected above $0.0003, where approximately 491 million shares have been shorted between $0.0002 and $0.0003.

They were recently approved for 1mil in funding, check out: Westor Capital Group to Place $1,000,000 in Notes for Hydra Production - Yahoo! Finance

and to confirm, this email from Westor Capital Group:

ARSC has received funding! If you go to Westor's website, you can E-mail them like I did:

Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Message-Id: <20100429035735.0A1BC271315@XXXXXXXXXXXXXXXXXXXXXX >
From: Michael N. Sweeney <msweeneyn@westorcapital.com>
Subject: Re: Regarding funding for American Security Resources Corp (ARSC)

yes, they were approved and are receiving funding for fuel cells.


Sincerely,
Mike Sweeney
Westor Capital Group Inc.
1039 Robinson Road
Mohawk, NY 13407
Tel: (212)631-4250