If someone was looking for a SS to do a bunch of dilution on then they wouldn't have bought AWSI with nearly all the shares either outstanding or acquired in the deal. This structure would allow a very quick uplist for a strong company with no need for share splits or any of the normal games.
Have you done any DD on the purchaser and their advisor? The attorney/banker representing them Lowy is as legit as they come. Decades of experience in RM's, Uplistings, SPAC's, traditional mergers, etc. He has done several foreign OTC RM's and Uplistings you can go to his law firms site and read about them but he's done Billons in deals. So perhaps get some facts before you start with the FUD.
Choi, you have now idea WTF you are talking about. 1st of all I’m the largest non insider holder of the stock and have been since the initial filings in September, 2nd if I was going to dump on anyone it would have been last week when the other morons that jumped in from that YouTube swing trade guy but instead I added even more on their dumps as did Davinci. Do you really think we would have bought in even bigger in the $1’s if we were just going to dump it right back again when I already had a ton of shares already? Every one in the discord is fully aware of my and others expectations for this stock, what our DD tells us. More importantly everyone in the discord understands how I intend to trade this and how I recommended they did. If you were there you heard me tell them not to buy and chase it in the mid twos even though I felt there was upside rhe risk was too high at that point of it and it felt like their would be a pullback and Davinci told them same thing. If we were just going to P&D don’t you think we would have just told them to keep buying while I dumped them? If we were going to dump on them wouldn’t we just do it then? They all know are exit plans and it’s not to dump it on anyone but will take profit and reduce risk along the way. This is only prudent because even the best DD on these is never 100% perfect and things do happen. We also know like every OTC it will reach a much higher level tab where it settles back to so why hold it all when you can buy back cheaper? I trimmed less than 10% of my position in the mid 2’s and bought double that back in the low $1’s. There is a huge difference between P&D’s and providing verifiable DD with stated assumptions and full transparency as best I can. It’s just like a Stock a research report or company PR sometimes it makes a stock get bough and others take profits. If the risk is too high for you don’t buy it but your false allegations are unnecessary and only go to show you wished you had gotten in earlier. Every single person with possibly a few exceptions has had the opportunity exit 1-2x there initial investment and some 10x if they wanted to and some very well did but most understanding the potential have held on to most of it. My experience usually tells me that when someone starts screaming P&D it’s because they have something they are trying to P&D themselves and don’t want anyone looking elsewhere or to think that they would P&D them.
If you aren't in or want to add, now is the time before it takes off. It was confirmed by the company today that they will have a PR to discuss merger plans once they receive PC. This is very low float with less than 7.5mm shares outstanding. Think $MTRT was big? This will be bigger.
CEO received full control of AWSI in Aug from the rest of the board, and has 30+ years exp running a wireless communications company. He's done this before with AWSI and merged the assets into his current company SIMREX when 9/11 negatively impacted the business. Now he has a new purpose for the company, and is self funding the costs to bring it current, and has majority control. This won't be a typical merger given the long standing relationship of his two companies I would expect it to be a strategic relationship as SIMREX is also an owner of $AWSI.
CEO confirmed to me no further filings required until November or within 4 days of a material item(merger?)
Appears to be merging with Simrex, company with same address and ownership. Recent steps by the CEO of AWSI and also owner of Simrex have given him control and over 60% ownership, in addition Simrex owns another 9% of AWSI.