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Million shares moving? What’s happening?
Here's my $0.02 worth regarding AWSL.
It must be challenging for management to undo these big deals, so they can do their next "Coming Attraction!" No wonder they don't have time to generate any current financials or disclosures...
It's no wonder that there only consistent asset is a grossly overstated Deferred Tax Asset of $1.7M.
You have to be patient with AWSL. I've been here for almost ten years and we're already a $0.02 stock! Easy does it...
Gilda
I thought that management might have released the 2Q-2019 financials and disclosures, but no such luck.
Perhaps we'll see the 2Q-2019, 3Q-2019 and 2019 Annual Reports all published at the same time around mid July 2020!
Gilda
Where did volume come from?
Ten times today's $0.025 closing and AWSL will be a two-bit stock again.
Tomorrow is Thursday, RICO, so maybe your luck will change. However, some things never change...
Gilda
I've got many questions about the AWSL financials. However, they're challenging to put into context without any 2Q-2019 financials or disclosures.
Gilda
Gosh, I was beginning to think that there was longer any interest in AWSL... The 95 shares trading before noon today has changed my opinion.
Gilda
It's RICO Thursday! Will we ever be able to rumble with some Q2-2019 financials and disclosures? With 260M shares outstanding, it's looking doubtful that this will ever become a two-bit stock again...
Gilda
There are 260M outstanding common shares and the preferred shares are gone. There are no assets other than the inflated deferred tax asset still being carried at $1.7M at 1Q-2019 - substantially overstated in my opinion. However, we're still waiting to see the post reverse-merger financials for 2Q-2019, assuming that's what they're doing. Here's a link to the March 31, 2019 financials.
https://backend.otcmarkets.com/otcapi/company/financial-report/226014/content
Gilda
then
Seems a bit rich to me, BBW. However, I'm still here to see what the 2Q-2019 financials look like if they're ever published. Even at $0.0302 /sh., the market cap. is $8.99M!
Gilda
massive volume today Atlantic Wind & Sola (AWSL)
0.0302 ? -0.0098 (-24.50%)
Volume: 100 @08/22/19 11:53:11 AM EDT
The otcmarkets.com history of AWSL has pretty much been wiped clean. Maybe we'll get to see some current financials (for Q2-2019) of the new post-merger AWSL/KBI.
How difficult can it be to generate financials and disclosures for a two-bit company?
Gilda
RICO, increase the share price just 5X and AWSL will be a two-bit stock once again! Isn't that something to aspire to?
Gilda
RICO, even a two-bit public company needs current financials and some liquid and operating assets - something other than an overstated $1.7M Deferred Tax Asset (DTA) going forward.
The Company's DTA was established using the prior U.S. federal income tax's effective rate of 35%, which has been reduced to 21%. Shouldn't the DTA's valuation allowance (the offset to the carrying value of the asset) be increased to reflect the 40% overstatement (14%/35% = 40%) in the effective future tax benefit created by the reduced U.S. tax rate? That's an overstatement of the DTA of $681,570 or 59% of the Company's stockholders' equity at March 31, 2019. ($1,703,927 carrying value of DTA x 40% = $681,570 overstatement of DTA / $1,151,938 stockholders' equity = 59%)
What am I missing here?
Gilda
https://backend.otcmarkets.com/otcapi/company/financial-report/168422/content - See note 2 - Income Taxes on the 2016 Annual Report
https://stocknewsnow.com/companynews/7980126683361469/AWSL/101843
The new incoming company is at least providing some PRs to keep shareholders informed....
I'm left scratching my head that CEO Wilkes, a former PWC CPA - not to mention the Company's largest shareholder - couldn't get the financials out for a dormant company other than for their financial paper-shuffling fine-tuning and deferred tax asset valuation avoidance issues. What will he do if the company ever has actual operations to report?
Hmmm, AWSL has a market cap of $14.03M, no liquid assets as of 3-31-19 and an overstated $1.7M deferred tax asset on its balance sheet. Very interesting, but too rich for me. Perhaps this is what goes with the territory in reverse-merger mode...
Gilda
Yeah...you got it about right....I’m quite let down that the other business that tried to do RM in couldnt get their part of the financials completed....onward...
So after the long wait for financials and disclosures, we have what? A March 31, 2019 balance sheet with an inflated deferred tax asset (DTA) of $1.7M and nothing else: no cash, receivables, computers or other office equipment.
What's the next step a reverse merger where KBI is merged into AWSL to preserve the value of the DTA, whatever that ultimate value may be?
After the merger, the AWSL corporate name is changed to KBI or something else to bury the convoluted (tainted) history and KBI moves forward to have a "rebirth."
I'm guessing that the consolidated 2Q-2019 financials will be more meaningful.
Gilda
I see....cleared up a ton of old debt.....now new company is merging in since the first one didn’t work out....I guess we will see atty letter soon...and be current again...quite a bumpy ride so far, that’s for sure
RICO, the financials and disclosures were published Thursday!
https://www.otcmarkets.com/stock/AWSL/disclosure
As expected, the dead carcass of the Company's past accumulated losses remain on the balance sheet as the Company's only asset - $1.7M deferred tax asset.
Good luck going forward,
Gilda
Atlantic Wind & Sola (AWSL) 0.0475 ? 0.0 (0.00%)
absolutely
Whoopee! AWSL has a market cap of $17.57M!!!
Who says you need published financials and disclosures to increase your share price and market cap?
I'm thinking that seeing the current financials could spoil the entire illusion?
Gilda
Anything possible! It’s OTC !
RICO, maybe this will be the Thursday!!!
Maybe they'll issue the 2018 Annual Report!
Maybe they'll issue the 1Q-2019 financials!
Maybe they'll issue the disclosures!
Just kidding...
Gilda
Someone’s loading this and buying up shares.....something’s going to happen soon....imo
Look at AWSL run this morning...
Of course, publication of the long overdue 2018 Annual Report, the 1Q-2019 financials and updated disclosures might help...
Shareholders get the management they deserve and nothing seems to change here except the business plans that are never quite ready for prime time.
Go AWSL! Go!
Gilda
Only $0.03, yet a market cap of $7.62M!
Isn't that a bit rich absent any current financials or disclosures?
Where's the skull and crossbones when you need 'em? We could celebrate the 4th together AND IT'S THURSDAY, RICO!
Gilda
RICO, some actual BUYING volume this morning and it's not even Thursday yet. Imagine if we had some actual published financials and disclosures!
Let's declare a National Holiday tomorrow to celebrate!
Gilda
Dollar trading volume of only $378, but it's only 1 PM. The day is still young. Give AWSL a fighting chance...
Go AWSL! Go!
Gilda
The verdict is in! There's no there there - and certainly no financials or adequate disclosures yet! Looks like on-the-job-training for the new management team to me...
However, as always I will remain vigilant and hope for the best before giving this $0.02 stock my two cents worth.
Gilda
STOP! You were first, BBW, like the old grey wolf!
I'm ready for a personal reverse-merger and skull and crossbones!
Gilda
quite some time Lady G & yes still waiting for things to come to fruition...anything
Perhaps AWSL will mature into an actual financial reporting company one day. I'm a patient gal, BBW. I've been here almost ten years holding out hope to see AWSL "turn the corner!" I'm still waiting...
Yadda, yadda, yadda!
Gilda
KBI looks to be a real growing company. I heard the Watson deal could not get their funding in order.
Atlantic Wind & Sola (AWSL)
0.0225 ? -0.0073 (-24.50%)
Volume: 46,785 @06/25/19 3:27:20 PM EDT
Bid Ask Day's Range
0.02 0.04 0.0181 - 0.039
By looks of their past jobs KBI did over $2 million in 2018 and look to more then double 2019 revenue.
This must be a reserve merger - where the price moves in reverse on the news.
Go, AWSL! Go!
Gilda
The absense of market activity subsequent to the recent OTC investor update speaks for itself. Without the 2018 Annual Report, the Q1-2019 financials and the required Disclosures, putting the update memorandum into context is challenging if not impossible.
I think of this as "paving over" a long history of dodgy financial reporting, when and if there's any financial reporting at all.
Stay tuned.
Gilda
https://www.otcmarkets.com/stock/AWSL/news/Atlantic-Wind--Solar-Acquires-Flexi-Pave-Innovator-KB-Industries-Inc?id=232497
Wow....big changes....there’s your answer about fins in there
Hey, if I had the AWSL financials and disclosures I would be happy to share them...
Gilda
again the same bla,bla,bla
RICO, it's Thursday! Could this be the day? Hey, we're already all the way up to $0.0301, what do you want? $0.04? How hard can it be to get this stock's share price moving?
AWSL could publish its 2018 Annual Report, the Q1-2019 financials and disclosures. Maybe not. Based on my ten years here, I'm thinking that we will forever be in reverse-merger mode.
Shareholders get the management and the financial reporting compliance they demand. Hey, it has only been ten years, let's give the new team a fighting chance...
Go, AWSL! Go!
Gilda
Soon, quick, fast, love, timely, pleasantly... aren't often used in the same sentence with AWSL.
More likely try "down the road!"; "down the drain!" or "down the toilet!"
When the Company's largest asset is an overstated deferred tax asset, you should look elsewhere for profits...
On the bright side, tomorrow is RICOday, a/k/a Thursday.
Go, AWSL! Go!
Gilda
Haha....yes! I would love to be pleasantly surprised down the road. Sooner the better.
What's the value in owning stock in a nonreporting public company? What am I missing here?
Do you expect to be pleasantly surprised by seeing phenomenal financials published several quarters (or years) late somewhere down the road? Is that what "reverse-merger" means?
Isn't there a CEO/CPA somewhere who knows how to remain in compliance with the financial reporting standards?
How long can it take to properly determine the valuation allowance for the $1.7M deferred tax asset?
Gilda
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