Thursday, February 16, 2017 12:26:53 PM
1. 2016 has been a very trying yr for AWGI. Their 12/31/15 10K
indicated that the co was hopeful that their 2016 sales would
ramp. However, as of 9/30/16 they had way less than $40K in sales
2. Their 12/31/16 10K is due to be filed with the SEC in less than a
month and with 99.44% probability will have what the accounting
profession calls "a going concern" comment.
3. their cash balance at 9/30/16 was $300. The 12/31/16 cash amt.
is anybody's guess given their lack of sales.
4. The NEED for clean water is undeniable BUT it appears that the
co's tech is simply NOT economically viable.
5. Based on the situation, 2017 will be equally challenging, absent
some sort of strategic alliance or biz combination.
ALL OF THE ABOVE IS IN MY OPINION
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