“Just came out with more great news” – the beginning of the newsletter for America West Resources Inc.(OTC:AWSR). One way to look at it. Another – America West Resources just decided to issue a press release about the results that came some time ago. Yet, the press release had its effect on the trading activity yesterday. So did the newsletter in question. 
The end result, however, looks more like if there was something to prevent people from trading yesterday. A total of 3,400 shares exchanged hands, which is not an all-time low, but is also not that far from it. As mentioned, a press release came out in the morning, followed by a promotion around lunch time. The second, by the way, was paid with 12,500 shares – this is the amount America West Resources pays the promoter per month as mentioned in the disclaimer of the promotions in question.
Now, to get back the subject at hand, “record revenues” is the keyword used often. Revenues included in the 10-Q last week. Among other figures, this is what the quarterly statement includes:
- $1573 in cash; [BANNER]
- $1.6 million in total current assets;
- $22.8 million in total current liabilities;
- $49 million in accumulated deficit;
- $4 million in revenues;
- $3.8 million in net loss;
Indeed, there is an increase in revenues. On the other hand, there is just $1,573 in cash, as well as current liabilities more than 10 times more than the current assets. Let alone the other important number – net profit/loss. Even with $4 million in revenues, the net loss of $3.8 Million for the quarter in question somehow fails to inspire optimism. Maybe, this is one of the reasons why even with press release and promotions at hand, the trading volume got as high as 3k yesterday. Yet to see what today would offer.
