Thursday, March 15, 2018 6:00:59 PM
Let me count the ways:
1. No financials since Q1 - 2017. This is not the first time the financial reporting has gone "dark.:
2. The $1.7M deferred tax asset was grossly overstated on the balance sheet becasue the valuation allowance was wholly inadequate.
3. The footnotes were inadequate considering the deteriorating financial condition of the company.
4. Not all of the liabilities were included on the balance sheet, but that's a minor point, if the financials are withheld by management.
5. Insufficient updates about the Company's deteriorating business prospects.
6. Obviously, $AWSL is not a going concern, but where is the disclosure?
7. Considering the $5M+ in outstanding preferred stock, what do you think $AWSL's 44M shares of common stock are worth???
Gilda
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