AAGH sends messages. Listen closely.
10 weeks before their Q2 2006 filing, they said that the company “… has already doubled its sales revenue against the first quarter. With one month still remaining in Q2 the company anticipates a very strong Q2 report.” This was a message. The subsequent Q2 filing followed through on their “very strong” prediction with a Q2 showing results that were more than 4 times higher than the best previous Q since the beginning of 2005 for net income (and almost double the best previous Q’s in revenue), and the first positive net income Q in the previous 12 months. These guys are not hype.
On Sep 1 they surprised everybody by issuing a 1 month financial (July). The PR said that they “…posted profits of $609,708 on $1,012,564 revenue in the month of July 2006. This represents increases of 745% and 590% respectively over July 2005 profits and revenues of $81,738 and $171,410.” This was another message.
The Q3 results will be filed on or before Nov 15 … a month from now. At that point we will see the Q3 results validate the July financial results “message” just like the Q2 filing validated the June 1 PR’s “very strong Q2” message.
Now we’ve seen AAGH order that a NOBO list be prepared (see post 5388 for the role of the NOBO list) … yet another message.
So what’s the message? It’s that this company is taking measures to support and promote the share price, and that they have the company performance to support it. By the way, insider sales from the beginning of 2004 to date is still zero. The NOBO tactic only works well for “real” companies that can demonstrate that they are in a turnaround or growth mode. This is one of them.
rjc
