America West Resources, Inc.(fka AWSRQ)

[Sam'd'Mil]

Yup!!! I'll start Buying from today(a.m.)... .14s and under should be profitable sometime this year with this tight float!!! Mark It!!!
AWSRE, get your house in Order will ya!!! 50K to 100K shares should be a good Gamble here.
Had it on Watch since APS dissed 'em.

Here we go....... 10K 5/16/2012
http://sec.gov/Archives/edgar/data/867687/000107878212001438/f10k123111_10k.htm

As of May 1, 2012, the registrant had 66,414,175 shares of common stock outstanding

The Company has purchased additional mining and safety equipment and invested in mine infrastructure during late 2010 and 2011. The Company plans to deploy a third continuous miner during 2012, subject to obtaining sufficient financing , which is expected to escalate production to an estimated 90,000+ tons per month. The Company plans to deploy a longwall unit during 2013 or 2014 subject to obtaining sufficient financing. Longwall operations generally produce on average 3 million to 6 million tons of coal per year. The Company is also pursuing growth through acquisition of additional coal reserves and coal mining operations in the Western region of the United States.

1.
Zions Bank, the secured creditor receives in equal monthly installments of $94,879 with a balance of approximately $3,312,652 still owed:

2.
The Internal Revenue Service and certain State of Utah tax authorities are owed $878,964. Hidden Splendor is delinquent on the $162,156 quarterly payments due March 31, 2010, June 30, 2010, September 30, 2010, December 31, 2010, March 31, 2011, June 30, 2011, September 30, 2011, December 31, 2011 and March 31, 2012 to the Internal Revenue Service and

3.
The Howard Kent, Inc. Profit Sharing Plan is owed $232,569 and receives monthly payments. Hidden Splendor is current on the payment to the Howard Kent, Inc. Profit Sharing Plan as of the date of this Report.




The delinquency on payments of other loans to third parties and as outlined herein result in Hidden Splendor being in default on its secured creditor loan, the Company has received no notice of default in this regard. The Company is currently working to remedy the aforementioned defaults. As of the date of this Report, no parties had provided the Company an uncured notice default, nor has any party to the Plan filed a notice of default under the Plan with the bankruptcy court.



As of September 30, 2011, the balance owed to the general unsecured creditors under the Plan was paid in full.