Advanced Growing Systems (fka AGWS)

[KQforever]

I think this might've played a part of the problem. Private placement penalty probably mean liquidation of shares? Just pullin' out of my ass on this one. =P Either way we do know that the company will be financing in order to raise money for the 4th & 5th site, so if the stock goes down, we shouldn't really be too surprised imo. although it wouldnt' really be too benefitial for them at these levels...


"Finally, we estimated that fiscal year 2007 loss from
operations would be negative $2.29 million, versus an actual
net loss of $2.95, a variance of approximately $660,000.
This variance was caused by an unforeseen penalty incurred on preferred stock of approximately $200,000, in
addition to higher than anticipated occupancy expense, D&A expense, and interest expense. This penalty was
related to its inability to have its registration statement filed and declared effective by the effective date specific by
the private placement companies. Management anticipates that its registration statement will be declared effective
before any other liquidating damages come into effect"

http://www.wallstreetresources.net/pdf/fc/AGWS_EquityNote_01-23-08.pdf