Wednesday, November 16, 2016 8:57:52 AM
Just what are the general operations of a company with no revenues that can't pay its employee(s)?
Am I missing something here? How does a Company with $345 in cash at the end of Q3-2016 and negative working capital in excess of $293,000+ and no revenues fund its operations?
On what basis is this insolvent company, AWSL, still considered to be a "going concern?"
Is there a sit-down strike going on at AWSL? Are the employee(s) waiting to get paid before they actually generate any business revenue?
Has AWSL discovered how to convert deferred tax assets (DTA) into cash? Generating DTA seems to be the Company's only ongoing operation.
Since the Company's DTA of almost $1.7 million now exceeds its stockholders' equity, on what basis can AWSL continue deferring operating losses and reporting nonexistent stockholders' equity without having any operating revenue?
Once again, am I missing something here? I've got plenty of patience when it comes to AWSL, so please show me what I'm missing. Show me why $.05 per ahare does not overstate the value of AWSL, an insolvent company. Show me why AWSL is not a penny stock rather than a nickel stock.
Gilda
http://www.otcmarkets.com/financialReportViewer?symbol=AWSL&id=162766
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