Business Warrior Corp (BZWR)

[bob4uall]

The share price tells me..that cash is depleted due to the Alchemy deal and the goodwill asset is sky high because of the price paid to acquire Alchemy over its equity value. It also says that Alchemy did not reach the hoped-for $5MM in sales and that sales from other sources were weak. I don't know any of this to be true, but the share price reflects a scenario like this, in my opinion. Rhett or Tim could say something if any of my conclusions are untrue.

That said, the mergers need time to show good results and August 31 gave almost no time at all. The combination of companies now assembled may gain a good footing soon enough. I am also fairly confident that the company will be able to continue as a going concern, grow sales and replenish its cash. It may need to shift into primarily a software developer if the recession hurts its small-business sales support and marketing operations. I am saying this presuming that Alchemy has a strong existing customer base.

I like what management is trying to assemble and feel that their hard work will pay off, even with the Technology Head now off on a field trip to Spain. I think we are on the ground floor of something pretty good to come.