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Obviously, the nature of AWSL's business has changed

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Gilda99   Thursday, 04/16/20 10:01:45 AM
Re: saeys post# 17419
Post # of 17449 
Obviously, the nature of AWSL's business has changed considerably with the coming of KBI. Aside from the huge ($3.1M) negative shareholders' deficiency, this appears to be a real business now - and the overstated ($1.7M) deferred tax asset has been expunged from the balance sheet.

Do we have reason to believe that the new AWSL is now a "going concern?" Did anyone see any reference to the 2019 financials being prepared on a "going concern" basis? The $3.1M equity deficiency is a deep hole to climb out of at this point considering that the Company continues to operate at a loss. In any event, I'm heartened to see that the financials appear to be more "kosher" than they have been, since I've been self-quarantined aboard this troubled vessel - a period now exceeding ten years!

https://backend.otcmarkets.com/otcapi/company/financial-report/243134/content

Gilda

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