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 Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5


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To: Zoro99 who wrote (105469)11/18/2011 11:39:20 AM
From: rrufffRead Replies (1) of 111455
 
AERG .095 bid - has been tanking as business seems to have pretty much stopped per recent Q report. Did anyone listen to the conference call?

I have no position but started to look at this as a possible turn around. I'm reluctant to pull the trigger yet.

At this point, here's how I see the status.

BULL - great balance sheet, about .05 net cash

BEAR - running about .024 in revenues, large losses eating away cash, no more military business in site.

Bottom line - unless they show some real prospects for new business (likely outside the military), then they continue to eat away the cash.

This is very cursory, initial read, so please feel free to correct and criticize. I'd like to be convinced to spend more time on it.
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