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
Recent DRFS News
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 05/07/2024 01:24:18 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM