Friday, January 26, 2024 11:41:14 AM
BZWR has previously revealed that year-end (August 31) made only a little progress. I suspect November 30 wasn't great, either. Hence, CEO Rhett Doolittle was very silent. That makes sense that he has been quiet.
The good news was that the company continued to operate and can afford another annual audit to be published soon. They were also in need of cash to operate, but may have found some via new investors. Dilution may wash out the existing shareholders, but it could instead be offset by future company growth. Buyers are risking that enough growth will come.
Now, CEO Rhett is signaling that there is something to say, and that even more will be forthcoming later. I doubt that he would behave this way if the news will be that the company will soon cease operations. My guess is that they have made some fundamental change or changes, and the second quarter (February 29) may show progress already. Not "Reality" yet. Reality is in the past and present, and there were a lot of problems. But we may be seeing a tipoff of a better future.
Always be on guard for misleading, deceptive or erroneous messages. I am not an investment professional. My messages are my opinion only, and are subject to change when contrary information is later relied upon. Always do your own research.
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