Lets review…
1. AWSL traded briefly at $4.84 on October 22, 2009 - one day more than four years ago - during the PSC stock promotion when it traded more than 1,000,000 shares.
It traded more than 1 millions shares in a day. Hundreds of thousands daily for more than 1.5 years.
2. Most recently, AWSL has traded at $.11 per share on scant volume if it traded at all.
There was a couple prints at .11. One day alone it was 100% short trades at .11. Further, from the high of $4.84 to current shareholders who held there stock received 50% more shares via dividends. These dividends are going to be valuable as the company enters into profitability. They get the same cash or stock dividend rate and in the case of a buy out they would be paid at the same rate.
Regarding the very low price, a DTCC chill is in place temporarily making it unable to be bought. This saw the stock drop from .40 to its current 11. Given only 2,500 shares are available on the offer under .70 it is safe to assume it should move up very quickly!
3. AWSL has never reported earning a profit.
AWSL has not reported a profit yet... but lets look at the trend: (I love this trend)
Year____Sales_________Net profit / loss
2010____$0___________-$2,700,000
2011____$0___________-$1,100,000
2012____$1,880,000____-$380,000
2013*___$2,760,000____-$308,000
*9 months Only
4. AWSL's latest published financial statements (for the nine months ended September 30, 2013) indicate that total liabilities exceed total assets.
The January 7, 2014 Press release addressed how the COD milstone triggers the netting / payment of the AR and AP.
5. AWSL's accounts payable and accrued liabilities exceed its account receivable as of September 30, 2013.
If you want to really nickel and dime than I will again point to the PR oof Jan 7 to point out that with immanent profitability this has likely already changed.
6. AWSL is financed by its 12% preferred shareholders and the preferred stock dividends are not shown as an expense on the Company's statement of operations.
Simply not true.
7. AWSL's net equity per common share outstanding is negative as of September 30, 2013 and has always been negative.
Any company during the development stage of losses would have this until the future profits reduce it. But this is like pointing out the sun is hot.
8. At September 30, 2013, AWSL had cash of only $8,038.
But lets not consider the over $3 million in receivables.
9. At September 30, 2013, AWSL's accounts payable and accrued liabilities ($3,458,631) exceeded its total current assets of $3,403,430.
A $50k difference is made up with one project milestone. Absolutely immaterial
10. Management at Atlantic is very pleased with the three months covered by the financial statements for Q3-2013 (published on November 18, 2013) and management believes the Company continues to trend towards increased profitability.[/quote]
Agreed.
AI
