There are 189MM shares outstanding. If the company closes on the production and pipeline transaction, it's asset base will be significantly higher value than its market cap. That's when it's going to start moving up, markets react to value.
I am long in this stock for that very reason. It looks to have long value. Buyers picking up the stock at 8c will have a 40-44c stock should AOWs management get this production and pipeline deal done. The smart money is building a position based on value and AOW getting this deal done will bring more long term investment and hopefully morehard assets to leverage to help grow the business.
AOW Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
