Savvy Trades and Investments

[maxluke1]

SWAG - finally got a new auditor, trades at close to cash value (if the numbers are legit). I own some in the low 1s.

Selloff over the last 2 months or so may be due to their previous auditor being closed down by the SEC (BF Borgers). I have no reason to think that the company isn't legitimate, although that auditor has been involved with a pile of crap companies. Stocks that weren't dilution machines with the same auditor include:
AREC
IHT
NTWK

None of these are inspiring companies, but those 3 seem legitimate at least.

In any case, if the cash is there and the company actually has positive earnings of a couple of cents every quarter or so, then I think it's a good risk/reward down here. Q1 may suck though and I'm unimpressed by how long it took them to get a new auditor and the associated delay with the Q1 release.