Atlantic Power & Infrastructure Corp. (AWSL)

[AUaft]

You're absolutely right. I apologize for not being better informed as to the shares outstanding. That definitely explains the malaise.

[Gilda99]

You say: "There has been essentially no dilution of shares from back when it was it was above $3.50?" Say what?

I can't blame you for having trouble following the financial disclosures, with the exception that for years the Company stumbled along with fewer than 45M outstanding Common shares and the Common B shares didn't exist prior to the KBI acquisition.

Today, there are 320,837,536 Common Series A shares outstanding and 100,000 Common Series B shares outstanding - the increases resulting from the KBI acquisition after which there is no noticeable improvement in the Company's liquidity or profitability.

I applaud the Company's improved disclosures, but I continue to posit the question: Is Atlantic Wind & Solar a Going Concern? I've been very patient, so show me the proper disclosures and show us some operating results for your time and efforts expended.

Gilda

I have owned a good chunk of this company for over 6 years.
As it retreated to its present "valuation" I liquidated most of my holdings, but kept a foot in the door - so to speak. I have a portfolio of green companies of which this is one and the whole sector is experiencing a lift since November 3rd. If you want to be able to say "I bought AWSL when it was a dime," load up. This IS THE dip. There has been essentially no dilution of shares from back when it was it was above $3.50, in fact they did a 1 for 4 reverse in 2010, so this could easily sustain $1-2.00 per share and it's a good company doing really good things. With the Biden administration's greener outlook than the previous's, this could be AWSL's break out moment.

[AUaft]

I have owned a good chunk of this company for over 6 years.
As it retreated to its present "valuation" I liquidated most of my holdings, but kept a foot in the door - so to speak. I have a portfolio of green companies of which this is one and the whole sector is experiencing a lift since November 3rd. If you want to be able to say "I bought AWSL when it was a dime," load up. This IS THE dip. There has been essentially no dilution of shares from back when it was it was above $3.50, in fact they did a 1 for 4 reverse in 2010, so this could easily sustain $1-2.00 per share and it's a good company doing really good things. With the Biden administration's greener outlook than the previous's, this could be AWSL's break out moment.
Rising tides float all boats and folks here might look at Sunworks,Inc (SUNW) as an example of what is happening all across the sector. Up 500% since November. Word.

[Gilda99]

Well that was certainly an interesting day!

$AWSL has a market capitalization of $45M,a negative shareholders' equity and negative working capital pending the receipt of the 2020 Annual Report.

What am I missing here? Is there light at the end of this long dark tunnel?

Gilda

[CDtruth]

Anyone have a clue why what happened today happened?

[omda]

Anyone dare to predict what the share value will be six months from from now?

[Gilda99]

250,875 shares traded feels like a modern day record!

Why, oh why?

Gilda

[Gilda99]

Hmmm, good question. Is $AWSL a Going Concern?

Gilda

Hello to all, Just want a heads-up if anyone cares to share info. Does the company intend to continue. what projects are on the horizon?

[omda]

Hello to all, Just want a heads-up if anyone cares to share info. Does the company intend to continue. what projects are on the horizon?

[Gilda99]

When I saw your post, I was hoping that the Q3-20 financials now had adequate disclosures, but...

For a public company with negative working capital, continuing YTD losses and a total stockholders' deficiency of $2.4M, I expected to see a "Going Concern" basis of accounting disclosure in the footnotes. What am I missing?

Gilda

[Golden Cross]

AWSL now pink current
https://www.otcmarkets.com/stock/AWSL

[LRL]

fascinating reading from 7 years ago on Signs a stock is targeted for short & distort manipulation

[Gilda99]

Thanks for asking. I ask myself the same question often.

I believe in redemption and it has been very slow coming to $AWSL.

I was initially intrigued by how substandard the financial reporting was ten years ago and most of my comments were intended to be educational.

The longer I hung around the easier it became to see how gullible many of the posters were, so I hated to leave my job here before it was completed.

$AWSL doesn't yet meet my standards of a "Going Concern," but then I'm not an investor here.

Gilda

[LRL]

I gotta ask. You've been following this for years, why?

[Gilda99]

In what world is $AWSL a "Going Concern?"

A nickel for your thoughts...

Gilda

https://backend.otcmarkets.com/otcapi/company/financial-report/257430/content

[Gilda99]

$AWSL market capitalization up to $21.46M on a $7 buy! How's that for leveraging - a 33.5% increase in market cap? Let's see you do that again tomorrow...

Does that make $AWSL a "Going Concern?"

Let's wait until we see the financials for Q3-2020 next month.

Gilda

[AskMuncher]

$AWSL KB Industries Creates Advisory Board as Part of Growth Strategy
Press Release | 10/06/2020
Highly respected entrepreneur Thomas J. Alfredo named as first Advisory Board member

CLEARWATER, FL / ACCESSWIRE / October 6, 2020 / Atlantic Wind & Solar Inc.s' (OTC PINK:AWSL) CEO Kevin Bagnall is pleased to announce the creation of an Advisory Board and the appointment of its first member, Thomas F. Alfredo who is based in New York state.

The KB Industries Advisory Board will consist of seasoned business professionals from a variety of industries and professional disciplines that will assist Mr. Bagnall and other KB Industries executives in helping shape the strategic initiatives of the company.

Mr. Alfredo was first introduced to KBI's Flexi®-Pave in 2006 when he immediately recognized the benefits that Flexi®-Pave offered to engineering, construction and landscaping professionals. As owner of Alfredo LDC., a New York based Design/Build and Landscaping firm that provides services to high net worth individuals, celebrities, and corporations in the Tri-State area, he immediately began including Flexi®-Pave in many of his projects. "The introduction of Flexi®-Pave was not only a major benefit to my clients, but the environment benefitted as well and personally, our corporation became one of the most sought-after firms to do business within the industry. Since that day we have developed a strong bond with Kevin Bagnall, KBI's CEO and welcome the opportunity to be a part of the extraordinary growth we jointly envisage for AWSL/KBI." Mr. Alfredo stated, "The markets for all the technologies under the AWSL/KBI umbrella are exactly what this generation is seeking, I'm truly honored and excited to be a part of this exciting organization."

Mr. Alfredo studied Landscape Design and Horticulture under Pasqual Pirrone at the New York Botanical Gardens. He has since been invited to sit on numerous boards including the New York State Turf and Landscape Board, consulted to major organizations such as IBM and Pepsi-Cola as well as numerous architectural and engineering firms. He contributes his time as Chair of the National Adoption Foundation that has distributed over $4M in loans and grants over the past three years. He is also a current Board member of Collettey's Cookies, a nationally recognized woman-owned firm that will be featured on a television show that he helped negotiate to be aired in 2021.

Mr. Bagnall states "Tommy has been a pleasure to work with as a customer, he knows our products well, he sees the future potential of our firm and the industry which we created. With his knowledge, experience and drive he will be a major asset to AWSL/KBI for many years to come. We are honored to welcome him to our Advisory Board."

About Atlantic Wind and Solar: Atlantic Wind & Solar Inc, (OTC:AWSL) develops renewable energy power and infrastructure projects globally. Through its recently acquired K.B. Industries, the company manufactures and distributes its Flexi®-Pave flexible porous pavement. In parallel, the company is vigorously developing projects to convert Municipal Solid Waste (MSW) as well as biomass agricultural, yard, food, and even raw sewage waste to produce electricity using its Zero Emission Waste to Electricity (ZEW2E) solution. Visit www.atlanticwindandsolar.com

Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth within this website and these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the OTCMarkets.com including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements. Nothing within this site is meant to be a solicitation to buy or sell our securities. Investing in over the counter (OTC) securities often carries a high degree of risk. Please contact your financial advisor before investing in our securities.

Contact:

Angela Adshead
Atlantic Wind and Solar
[phone]
[e-mail]

[Gilda99]

Is AWSL a Going Concern? I ask because it's very challenging to wade through the blizzard of continuous financial filings, late filings and refilings of historical financials.

What am I missing here? What keeps AWSL afloat with its stockholders' deficiency of $2,676,899 as of June 30, 2020? How does AWSL service its current liabilities of $2,678,639 with only $827,156 of working capital and 7-figure ongoing operating losses?

Gilda

https://www.otcmarkets.com/stock/AWSL/disclosure

[Gilda99]

With 320,837,536 common shares outstanding at June 30, 2020 and a total stockholders' deficit of ($2,676,899), how can AWSL justify its current market capitalization of $19.57M?

Is AWSL even a going concern?

Gilda

[Gilda99]

As of 2020 Marcj there were 297,848,053 common shares outstanding at a par value 0f $0.001 per share to represent the ($2,904,922) shareholders' deficiency as of March 31, 2020.

As of May 5, 2020 there are now 320,837,536 common shares issued and outstanding, so we're awaiting the publication of the Q2-20 financials to see if the shareholders' deficiency has been further diluted on a per share basis by the issuance of 23,000,000 additional shares of common stock.

The financials are expected to be released today. Perhaps the number of outstanding common shares will be clarified by the Q2-20 financial filing.

https://backend.otcmarkets.com/otcapi/company/financial-report/255226/content

https://backend.otcmarkets.com/otcapi/company/financial-report/255632/content

Gilda

[Gilda99]

Surprise, surprise! My dog ate my homework!

https://backend.otcmarkets.com/otcapi/company/financial-report/255226/content

Gilda

[Gilda99]

Interesting filing yesterday available on OTC.

https://backend.otcmarkets.com/otcapi/company/financial-report/254627/content

Considering the Company's obvious liquidity issues, is AWSL a "Going Concern?" Let's see the Q2-20 financials, so we can judge for ourselves.

Gilda

[Gilda99]

A stampede of purchases totaling $83 says AWSL has a future. Perhaps the Q2-20 financials will be published timely so we can better understand the enthusiasm...

BTW, the attorney's opinion letter was published on August 6th.

Gilda

https://backend.otcmarkets.com/otcapi/company/financial-report/253715/content

[Gilda99]

44,050 shs SLD @ $.051; 1,000 shs BOT @ $.072 - sounds about right to me.

Show me some reason reason for hope here!

... Negative shareholders' equity
... Negative working capital
... Too much dilution
... Late filing of financials

Gilda

[Gilda99]

10 shares purchased @ $.073, says that AWSL has a future...

Gilda

[Gilda99]

Look at this baby go nowhere!

A $24M market capitalization with a negative shareholders' equity. What am I missing here? I've been here for ten years, but I must be missing something to justify this premium over book value...

Gilda

[Gilda99]

I agree that seeing AWSL capitalized well enough to crawl out of its financial hole is a good idea. I've been here long enough to recognize that the quality of the financial reporting appears to have been upgraded under the new business plan, i.e., the write-off of the unjustified booking of the $1.7M deferred tax asset, which was recently expunged!

However, the Company's scant current earnings, although a positive step in the right direction, offers me little encouragement that future earnings diluted by 360 million outstanding shares (up 8-fold from 44M outstanding shares in 2018) will find sufficient market interest to justify the financial commitment well above the diluted net book value per share of the new shares issued and outstanding.

Onward, good luck!

Gilda

Gilda,

Let's take your numbers and assume the Company raises $3 million @ .05 a share, which would mean 60 million new shares equating a 20% dilution.

Is that worth it, I would say yes with new revenue and growth rate of 20% or more would reduce your timeline to a year.

There will be dilution, the question is how much and for what return.

I feel the Company is heading in the right direction and could continue to see the stock raise and reduce the dilution

[skipsvalue]

Gilda,

Let's take your numbers and assume the Company raises $3 million @ .05 a share, which would mean 60 million new shares equating a 20% dilution.

Is that worth it, I would say yes with new revenue and growth rate of 20% or more would reduce your timeline to a year.

There will be dilution, the question is how much and for what return.

I feel the Company is heading in the right direction and could continue to see the stock raise and reduce the dilution

[Gilda99]

Let's give AWSL the benefit of the doubt and say that it's a "going concern!"

The stockholders' deficit is ($2.9M) at March 31, 2020 and the Company's working capital is ($2.1M). With nearly 300M common shares outstanding, how can management right this sinking ship without phenomenal ongoing dilution?

At the current run-rate of about $200K annual net income, it would take the company about 14 years to work off its shareholders' deficit through earnings to achieve the ignominious status of having zero shareholders' equity.

Aren't we still tilting at windmills? What am I missing here?

Gilda

[Gilda99]

The AWSL financials for 2020 Marcj 31 have been posted. They're not too late and not that great, but better than I expected.

https://backend.otcmarkets.com/otcapi/company/financial-report/247742/content

Gilda

[Gilda99]

Anticipated Late Filing Date - On or before May 22, 2020. - Here we go again!

https://backend.otcmarkets.com/otcapi/company/financial-report/246942/content

Gilda

[Gilda99]

Anticipated Financial Filing Date: May 22, 2020.

https://www.otcmarkets.com/stock/AWSL/disclosure

Gilda

[Gilda99]

AWSL has a current market capitalization of $19.31M and a total shareholders' deficiency of $3.10M as of December 31, 2019.

What could possibly go wrong?

Gilda

[Gilda99]

Obviously, the nature of AWSL's business has changed considerably with the coming of KBI. Aside from the huge ($3.1M) negative shareholders' deficiency, this appears to be a real business now - and the overstated ($1.7M) deferred tax asset has been expunged from the balance sheet.

Do we have reason to believe that the new AWSL is now a "going concern?" Did anyone see any reference to the 2019 financials being prepared on a "going concern" basis? The $3.1M equity deficiency is a deep hole to climb out of at this point considering that the Company continues to operate at a loss. In any event, I'm heartened to see that the financials appear to be more "kosher" than they have been, since I've been self-quarantined aboard this troubled vessel - a period now exceeding ten years!

https://backend.otcmarkets.com/otcapi/company/financial-report/243134/content

Gilda

[None6969]

Whats going on with price and volume?? Pump and Dump?? Sell or Hold??
Anyone!!

[saeys]

Gilda99,,,where are you ????

[Gilda99]

Considering AWSL's weak underlying fundamentals, I think that the Company is holding up fine in this rattled marketplace.

Gilda

[Golden Cross]

Now pink limited

[Gilda99]

The Quarterly Report - 2019 Q3 Disclosure is a bit funky.

https://backend.otcmarkets.com/otcapi/company/financial-report/239816/content

The Disclosure dated May 15, 2019 on page 3 appears to be a poorly reviewed copy of a prior disclosure.

Item 10. Issuer's Certification

I, John Wilkes certify that:

1. I have reviewed this report of Atlantic Wind and Solar Inc.;

2. Based on my knowledge, this disclosure statement does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this disclosure statement; and

3. Based on my knowledge, the financial statements, and other financial information included or incorporated by reference in this disclosure statement, fairly present in all material respects the financial condition, results of operations and cash flows of the issuer as of, and for, the periods presented in this disclosure statement.

Feb 10 2020

By:/s/ Kevin Bagnall
President CEO, Director

Did John Wilkes certify and/or review this Disclosure?

Gilda

[Gilda99]

The AWSL financials thru Q3-2019 were published this week.

https://www.otcmarkets.com/stock/AWSL/disclosure

The Deferred tax asset is now fully-reserved with this footnote:

We reduce deferred tax assets by a valuation allowance if, based on available evidence, it is more likely than not that these benefits will not be realized.

Is AWSL a going concern? The Company has negative working capital of $2.6M almost the same as its total stockholders' deficiency. How does AWSL meet its current obligations and resolve its liquidity issues going forward? How does this end well for the stockholders?

What justifies AWSL's market capitalization of almost $15M?

Gilda

[Gilda99]

$0.05 X 5 and we're talkin' two-bits again!

Our objective should be to achieve "two-bitdom" before the Company issues its long overdue financial statement update in "the very near term" -- perhaps around mid July!

At this rate, two-bits is sounded overly optimistic...

Gilda

[Gilda99]

On November 5, 2019 AWSL's management promised to: bring "the filings current in the very near term."

Status of Late Filings
The Company’s 2nd quarter and third quarter filings have been delayed causing a Stop Sign - No Information status with OTC Markets. The Company has undergone delays in the valuation and consolidation of its recent acquisition of KB Industries. Our accountants have notified us that the issues have been resolved and the team is completing the reports as required. The Company anticipates bringing the filings current in the very near term.

It's now February 5th - three months later - and management has offered nothing to shareholders since the Company's mediocre financial filings through March 31, 2019. Of course, this isn't the first time management has led these shareholders astray; once a penny stock, always a penny stock...

Doesn't AWSL have anything better to offer shareholders than an overstatement of its $1.7M Deferred tax asset valuation?

Gilda

[Gilda99]

Gordie, don't you have something other than ???

Gilda

[Gilda99]

What does anybody see here to justify AWSL's $16M market cap?

No assets other than an overstated Deferred Tax Asset of $1.7M.

We haven't seen any financials since Q1-2019 and those financials are stale-dated now.

The Company anticipates bringing the current in the very near term... I think that ship has already sailed.

STOP - Pink No Information - Dark or Defunct!

Give a gal a break. Tell me what I'm missing here!

Gilda

[Gordie O]

???

[Gilda99]

Ouch, but it could be so much worse!

Gilda

[Gilda99]

Did you see where: "The Company anticipates bringing the filings current in the very near term." That was back on November 5, 2019.

Gilda

https://backend.otcmarkets.com/otcapi/company/financial-report/233420/content

Status of Late Filings
The Company’s 2nd quarter and third quarter filings have been delayed causing a Stop Sign - No Information status with OTC Markets. The Company has undergone delays in the valuation and consolidation of its recent acquisition of KB Industries. Our accountants have notified us that the issues have been resolved and the team is completing the reports as required. The Company anticipates bringing the filings current in the very near term.

[Gilda99]

Money talks and BS walks. This morning $24 says that AWSL has a future WITHOUT management sharing its AWSL financials and updated disclosures.

Of course, now it's so late, why not wait and resolve these matters when the 2019 Annual Report drops about mid-July like the 2018 filings did last year...

With AWSL, some things never change...

Gilda

https://backend.otcmarkets.com/otcapi/company/financial-report/233420/content

[Gilda99]

Obviously AWSL has their A-Team working on the long overdue financials and disclosures. Look, the share price is already over $0.04 per share and it's only 2020!

Gilda

https://backend.otcmarkets.com/otcapi/company/financial-report/233420/content

[Gilda99]

What's the problem, Gordie? $0.34 has already been invested in AWSL shares during 2020! Someone thinks that there's a future in AWSL!

8 shs. purchased at $0.043 = $0.344

"A journey of a thousand miles begins with a single step" is a common saying that originated from a famous Chinese proverb. The quotation is from Chapter 64 of the Dao De Jing ascribed to Laozi, although it is also erroneously ascribed to his contemporary, Confucius. Wikipedia

Gilda