Allied American Steel Corp. (fka AAST)

[retiredanalyst]

Net losses from Operating Activities is really piling up. Net losses from Operating Activities from March 7th, 2007 to September 30, 2011 was only $147,916. In just the first 9 months of 2011, Net losses from Operating Activities is up more than 6X from all the previous years combined, and now the losses from Operating Activities for just the first 9 months of 2011 is $798,793, bringing the total Net losses from Operating Activities to $946,709 on September 30, 2011. So losses are really starting to accelerate, and the AAST still has $0 in revenues. In my opinion, given AAST's burn rate, they need to start producing some revenue soon or they'll have no choice but to look for additional capital.