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Friday, November 19, 2010 8:41:08 AM
Warburg, I read you loud and clear; better yet, I don’t take exception to anything you’ve said. However, this startup has a market capitalization in excess of $60 million and those who aren’t insiders presumably are entitled to a responsive management who gives them credible, timely financial reporting.
The 2009 internal (unaudited) financials raised as many questions for me as they answered. Sooner or later I hope that we all find out what’s really going on. I’m concerned that the Company has a negative common shareholders’ equity and that the current market cap’s $60+ million premium over the company’s net book value is a bubble just waiting to burst if and when we ever get to see the financial realities underlying the Company’s stock.
In the meanwhile, I am taking your words to heart. Like nearly everyone else, I am NOT investing in AWSL until I see the audit, the interim financials up to date, the construction, the uplisting, etc. The “green sizzle” will only take this Company so far; so where’s the beef, where's the audit?
Alternatively, the “long and strong” investors currently trapped in the $1.50+/- doldrums can control their own destiny to some degree. All they need to do is keep buying shares into the bubble, but it’s going to take a lot more buying than a couple thousand shares a day to restore the lost momentum to this potential billion dollar baby. Otherwise, the downward momentum will continue to crater the price in the absence of any significant verifiable progress.
Gilda
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