Amiworld, Inc. (NASDAQOTH:AMWO.PK)

TSIF (99.95) Submitted: 4/4/2009 9:27:05 PM : Start Price: $5.85 AMWO.PK Score: +6.30

Diesel fuel and palm oil would seem to be decent markets and this little OB stock was founded in 1998 so would seem safe on the surface. It's most recent claim is developing a bio-diesel fuel plant in Columbia, South America. Amiworld may be an amiable little company, but Columbia South America is a tough playground. If you are successful you "share" with the government. If you are not successful you may be in trouble. Some revenue growth last quarter, close to $1 Million with only $4 Million in debt, but with a book value of only $1.05 and negative cash flow, I think this player is a tad bit overvalued with it's 5X book value.