AVW
.
Revenue: Flat lined
.
Operating Expenses: -15.54 million
Net Profit after Tax: -4.98 Million
Net Cash: +4.3 million
.
.
That was 8 months ago, what happens when the cash is depleted.
.
Their losing 5 million a year with less then 4 million in the kitty 8 months ago.
.
and paying salaries
Salary: Harpreet Chiima, 27,000
David deloub 145,000
Chris Chen: 37,600
.
Operating expenses have been increasing exponentially.
What cuts need to be made.
No bank will loan AVW money.
.
Only solution is a series of credit raises diluting Shareholder investment or cut back on non essential staff or find cheaper staff.
Good luck with that
...
Eventually the shares will be worthless.
.
Only a fool would invest in AVW in my humble opinion
.
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