American Brewing Company Inc. (OTCBB:ABRW) Takes Another Step Up
American Brewing Company Inc. (OTCBB:ABRW) had an uncertain session last Friday, but once the company’s newest announcement hit the web, investors were jumping at its stock again in no time at all.
The announcement that ABRW made was simple, and relevant – the company will be presenting at the LD Micro Invitational on June 8th at and CEO David Willis will be meeting with investors. This implies that investors might finally get some much needed information about ABRW‘s most recent acquisitions – which would be good, because, as it is, very little is known about that subject.
We know that ABRW has acquired New Age Beverages, LLC, New Age Properties, LLC, Aspen Pure, LLC and Xing Beverage, LLC in return for the issuance of $20 million worth of its stock in one form or another (mostly as convertible notes). What we are lacking are some more details on the matter, and while assurances and information in a form other than a filed report should be taken with a grain of salt, investors seem eager to learn more about how the company has advanced as a result of recent events.
Needless to say, in light of the fact that ABRW‘s market cap is currently as high as 26 MILLION, investors must be expecting some drastic improvements over what it showed in its latest financial report:
- Cash – $151 thousand
- Total current assets – $669 thousand
- Quarterly Revenues – $589 thousand
- Total current liabilities – $768 thousand
- Quarterly Net loss – $288 thousand
Long story short – investors really need to pay close attention to and tread lightly when dealing with ABRW, because there are just too many things we don’t know about its situation to be sure that it will maintain its course, or even retain its ground. As it is, the ticker is perched on a spot high up the charts, so a sudden and violent correction is not exactly unthinkable.
