Air Industries Group (AIRI)

[SilentWolf]

I've been watching this company for some time now, and I have one thing that keeps me from pulling the trigger. The reverse split; why did they do it? They obviously didn't have to make this move, and the market as usual, didn't react favorably to the action.

My only conclusion is they are needing to do an equity raise and they needed the higher stock price to 1) attract more affluent investors and provide a discounted price, and 2) an equity raise where the price was at with discount, might have put them in jeopardy of dipping below the .20 minimum price for listing on the NYSE American.

All speculation on my part but the company only had 900,000 in cash at the end of last quarter, and with the new contracts, they may need more cash to get those lines of production up and running.

I think it is definitely worth watching, but at this time, I need to see their current earnings and see where their working capital is at, and whether they are going to need more of it.