Atlantic Power & Infrastructure Corp. (AWSL)

[Gilda99]

The recent tragedy in Orlando caused a friend to send me a link to my first post on iHub back in November 2009 just a couple weeks after the share price peaked at $4.84, the result of the PSC stock promotion. As we all know now, the stock cratered shortly after the promoters cashed-out and the Whisper-mania started to subside.

My original post was about the quality and reliability of AWSL's financial reporting generated by an earlier accountant. It wasn't too long after that that AWSL's financial reporting went dark for about three years while the internal promoters regrouped.

Looking back with a history of almost seven years of running commentary here about AWSL - that's about one year for every penny of AWSL's hard-earned current share price, I guess that I failed to appreciate at the time that AWSL wasn't reporting any Deferred Tax Assets in 2009. It took several years to conjure up that bit of wishful thinking and optimistic financial reporting slight-of-hand. Obviously, it's helpful if management exists in a state of creative-denial.

Note that even a dormant fiscal quarter (Q1-2016) failed to generate any valuation reserve against AWSL's Deferred Tax Asset valuation of $1.6 million...

Hey, how's it going collecting that $210K in accounts receivable on the balance sheet for the past two quarters? It must be collectible, since there's no allowance provided against it...

Go, AWSL, Go!

Gilda

Shouldn't due diligence begin with evaluating the financials, the footnote disclosures and the source of the financial information? I'm keeping an open mind, but I would rather wait for more than a compilation report from an uncertified private accountant with a "history." Hey, maybe I'm mistaken and the similarity of name, city and occupation is merely a coincidence... in any event - Caveat Emptor! At this point, I'm unconvinced by the hear no evil, see no evil, speak no evil legal letter which failed to mention the accountant at all. Please convince me otherwise or save all the pumping.

www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=25802

orlando.bizjournals.com/orlando/stories/2001/10/15/daily49.html

Furthermore, all the hype about the "free" stock from the 1-for-3 stock dividend is nuts, since your current per share equity ownership will simply be diluted on a pro-rata basis.

Gilda