AWRCF, Re: Delay in filing...Looks like they need more time to clean house.
IMO, management believes they are seriously undervalued, and is determined to list on a higher exchange. They want to make sure ALL discrepancies are accounted for in their audited 2004 #'s.
Like you said stanu78, it's good to see the auditors working w/ the company to make sure the BOD's determinations of the internal investigation are all reflected in the 2004 financial statements.
This is a huge company doing $300M in sales. With shareholder equity @ $8 a share, I would think they have plenty of room to adjust for discrepancies and still be way undervalued.
A while back Worthylion pointed out that AWRCF now has $2.39 per share in cash and short term bank deposits. With that in mind, does it not make sense to hold or maybe slowly accumulate AWRCF below $2.50?
As for the Pick6...It's not how you start, it's how you finish!
The information posted by 2morrowsGains is opinion only and should not to be taken as investment advice.
