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Let's give AWSL the benefit of the doubt

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Gilda99   Friday, 05/29/20 12:19:35 PM
Re: None
Post # of 17449 
Let's give AWSL the benefit of the doubt and say that it's a "going concern!"

The stockholders' deficit is ($2.9M) at March 31, 2020 and the Company's working capital is ($2.1M). With nearly 300M common shares outstanding, how can management right this sinking ship without phenomenal ongoing dilution?

At the current run-rate of about $200K annual net income, it would take the company about 14 years to work off its shareholders' deficit through earnings to achieve the ignominious status of having zero shareholders' equity.

Aren't we still tilting at windmills? What am I missing here?

Gilda



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