The Plants Get Trimmed, the Pigs Get Slaughtered and the Chickens Come Home to Roost
You’ve got to hand it to the merchant bankers behind the AeroGrow (OTC BB: AGWI) deal. They executed a brilliant reverse merger and a funding at $5.00 raising over $8 million for the Company. The stock closed at $6.30 on Thursday, down 3 percent. The stock is currently trading 25 x book value (mrq) and 9 x sales (ttm). The Company reported a net loss of (8,389,893) on $6.7 million in revenues for the nine months ended December 31, 2006. They sell a dirt-free aeroponic kit, the AeroGarden™, that grows “fresh herbs, salad greens, tomatoes, chili peppers, strawberries and more indoors, year-round, so…