as of Sept. 9,'97:
Marketmakers:
Comprehensive Capital, GVR Co., Hill, Thompson, Magid & Co., Key West Securities, Paragon Capital, Sharpe Securities, T.R. Winston, Wm. V. Frankel & Co.
Recent Developments:
1997
9/9 - rec'd $2,000,000 purchase order from Simply Caviar, New Yrk City
(Has any of this been delivered? Has any money been received from this order, yet?) Louis DeSantis, Vice Pres. of Araldica stated,"...We anticipate that this transaction will add between $.02 to $.04 per share to the current year's earnings."
8/18 - Acct. firm commenced audit with report completion expected to be Sept., '97. expected year earnings .03 to .06 / shr. at yr. end 12/31/97 (Where is that report?)
fiscal yr. end - March 31
authorized shrs. - 50 million
approx. common shares outstanding: 10.6 million
estimated float: 2,600,000
7/17 - announced signing of a letter of intent to acquire the Willcox Inn of Aiken, S.C.
the expectation of 8/18 plus the anticipation of 9/9 brings an expected anticipated potential of $.05 - $.10 / share for the year ending March 31.
This comes from really outdated information from the due diligence investor packet I received from Adrian before the dissolution between Araldica and Zangani. I haven't been able to obtain any more recent info.
I don't think this stock is available for a short sell play. I tried at .50 (back when it was .50) and again at 3/8 (on its way down from .75 to its current level) I have a margin acct. but my online broker won't allow a short on AWLT. I'm thinking now that if a short is allowed it is too late and the stock price has bottomed. Otherwise, I think many would be happy to take my short sell trade. |
