ARW have a customer base which appears to be expanding. WAS have no such thing! They have reduced staff costs and streamlined production and are ramping up production. All positives for ARW. With a few more improvements they should be able to achieve a cash positive flow of money. Many cost saving innovations out there re biodiesel production which did not exist a year ago.
Admittedly they will now need to find a new financing alternative and very soon!! But then so does WAS!! At least with ARW they could have presented a working business model with a growing customer base.
Very uncertain times for both companies so probably wise to tread warily!
WAS Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
