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I received the Christmas Card and hope to receive some good news as well soon! Merry Xmas everyone!
$0.47 is where it seems to bottleneck
I hope Santa is generous to Awsl this Season along with a Merry Christmas to y'all.
Still waiting patiently with excitement for some good news!
Your asking the wrong person, I honestly don't care to hear from AWSL. As long as I can search and or read proof of them trying is suffice for me. Just happy to read more good news! I see a pattern
Excellent news for AWSL
Exactly: HOPE! That's whats keeping AWSL interesting, isn't it? Dont you want to see them succeed? What if they actually pull it off? It just seems like to much time, effort and energy is being invested into AWSL to be a scam.
Found on Internet
BRAMPTON "'"''
brampton.ca FlOWGr City City Council
The Corporation of the City of Brampton
Date: October 2, 2012
Subject: RECOMMENDATION REPORT Request for a Municipal CouncilSupportResolution relating to a rooftop Solar Photovoltaic (PV) project that is subject to Ontario's Green Energy Act (GEA) and Ontario Power Authority's (OPA) Feed-in Tariff (FIT)
program.
Atlantic Wind and Solar Inc.Ward g
-«,.».„,„BRAMPTON CITY COUNCIL
datf&&
Ur 2H.2o\-2File:
CI12.014
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Contact: Allan Parsons, Manager, Planning, Design and Development Department (905) 874-2063
Overview:
Atlantic Wind and Solar Inc. is planning to install a rooftop solar
photovoltaic (PV) project at 20 Melanie Drive under the Ontario Green
Energy Act (GEA) and the Feed-in Tariff (FIT) program administered by the
Ontario Power Authority (OPA).
The proposed rooftop solar PV installation on the subject industrial site represents a total capital investment of approximately $1.35 million.
A Council resolution in support of this project is requested by Atlantic
Wind and Solar Inc. The Council resolution is formally listed by the
Province as a criterion to be satisfied by the FIT program in order to be
eligible for expedited Provincial approvals.
Renewable green energy projects are exempt from Ontario's Planning Act legislation. The City of Brampton's Official Plan and Zoning By-laws do not apply to renewable energy undertakings, although Building Permits are required when proposed facilities are to be attached to existing buildings.
This report recommends that Council provide support for the installation of a rooftop solar PV project (see Appendix 1 for project location) in the form of a Municipal Council Support Resolution to assist in gaining potential expedited approvals through the Provincial FIT program.
I*-4-2
RECOMMENDATIONS:
THAT the report from Allan Parsons, Manager, Planning, Design and Development Department, dated October 2,2012 to the Council Meeting of October 24, 2012 re: RECOMMENDATION REPORT, Request for a Municipal CouncilSupport Resolution relating to a rooftop Solar Photovoltaic (PV) project that is subject to Ontario's Green Energy Act (GEA) and Ontario Power Authority's (OPA) Feed-in Tariff (FIT) program (File: C112.014), Atlantic Wind and Solar Inc., be received;
THAT Council support the request by Atlantic Wind and Solar Inc. and that staff be directed to provide a letter to Atlantic Wind and Solar Inc. confirming receipt of a Municipal Council Support Resolution for the rooftop solar photovoltaic (PV) project as described in Appendix 1 of this report.
BACKGROUND:
Planning, Design and Development staff received a request from Atlantic Wind and Solar Inc. to receive municipal support in the form of a Municipal CouncilSupport Resolutionto assist in potentially qualifying their solar photovoltaic (PV) project for expedited reviews by the Ontario Power Authority (OPA) in conjunction with the Province's Green Energy Act and the Feed-in-Tariff (FIT) program.
AtlanticWind and Solar Inc. is proposing a solar PV installation on the rooftop of 20 Melanie Drive. The total capital investment associated with this project is approximately $1.35 million. See Appendix 1 for map showing project location.
CURRENT SITUATION:
The Provincial FIT Program in conjunction with the Green Energy Act, 2009 facilitates the development of Renewable Energy Generating Facilities of varying sizes, technologies and configurations. Renewable energy projects such as the solar PV installation for one (1) Brampton site as described in this report is reviewed through the FIT program and can qualify for expedited reviews and approvals by the Province's Ontario Power Authority (OPA) if municipal council support is formally provided. Atlantic Wind and Solar Inc. is requesting a Council resolution in support of a rooftop solar PV project to facilitate expedited approvals through the FIT program administered by the
OPA.
Renewable green energy projects are exempt from Ontario's Planning Act legislation. As such, the City of Brampton's Official Plan and Zoning By-laws do not apply to renewable energy undertakings, although Building Permits are required when proposed facilities are to be attached to existing buildings.
XJ-Y-3
Bysupportingandencouragingthedevelopmentofrenewableenergy withinthe Cityof Brampton and the Province, the FIT Program will:
•
Assist in phasing out coal-fired electricity generation in the province by 2014 -the largest climate change initiative in Canada;
•
Help boost economic activity and the development of renewable energy
technologies throughout the city; and
•
Create new green industries and jobs within our city.
CONCLUSION:
Staff has reviewed the proposal received by Atlantic Wind and Solar Inc. and recommends that support be provided by Council in the form of a Municipal Council SupportResolution to assist in the review of their rooftop solar PV project to facilitate expedited approvals through the FIT program administered by the Ontario Power Authority (OPA).
Respectfully submitted:
Dan Kraszewski, MCIP, RPP
Acting Commissioner, Planning Design and Development
Report authored by: Jenn Morrison, Assistant Development Planner
APPENCICES
Appendix 1: Citymapshowing location ofthe industrialpropertyproposedtoreceivea rooftopsolarphotovoltaic installation.
Original Signed By
Your welcome
Business, Government Legal News from throughout WVFormer Atlantic Wind and Solar CEO Files Suit Former Atlantic Wind and Solar CEO Files Suit Posted: Monday, April 2, 2012 1:46 PM EST Updated: Monday, April 2, 2012 2:41 PM EST By Andrea Lannom - email A former CEO of a West Virginia green energy company filed a federal lawsuit against the company and members of its board of directors, claiming he was not paid his full salary and was misled into signing employment and investment agreements. Nassau, Bahamas-resident Pierre Cousin filed the suit March 29 against Atlantic Wind and Solar Inc., along with President and CEO Gilles Trahan; Treasurer and CFO Martin Baldwin; and Head of Investor Relations and External Communications, Brent O'Connor. According to the suit, Cousin entered into three agreements with Atlantic Wind and Solar, Inc. The first agreement dealt with his appointment to CEO. The second involved a payment of $250,000 to receive 250,000 investment units in the company. "He has not been paid a single penny of his $25,000 per month salary, notwithstanding that he served as AWSL's Chief Executive Officer and as a member of its Board of Directors for nearly an entire year," the suit stated. Cousin also claimed he was not reimbursed for any expenses. "In fact, Cousin later learned that AWSL continued to make charges against his personal credit card after he had resigned from AWSL, and he has not been reimbursed for these unauthorized charges despite his repeated requests." Cousin claims even though he paid $250,000, he was unable to sell shares after the one-year restriction period. "Trahan, Baldwin, and O'Connor represented to Cousin, however, that Cousin's own $250,000 investment to AWSL would allow AWSL to meet its contractual obligations to pay Cousin his $25,000 monthly salary," the suit stated. Instead, he said he had to reallocate funds from his $250,000 investment to satisfy a commitment to another company. According to the suit, Cousin claims several other false misrepresentations were made before he took over as CEO. In his suit, Cousin took issue with Trahan and O'Connor's alleged statement that the company had secured a $120 million funding commitment from a privately owned Canadian company, was in the process of securing a patent for a new type of wind technology, had secured a seven-building contract with a company to install multiple solar energy systems and that the company was poised to expand to other countries. Cousin claims these statements were not true. "Cousin relied upon the foregoing representations that Trahan and O'Connor made to him in deciding to enter into the employment agreement and investment agreement with AWSL," the suit stated. "Had Cousin known that Trahan's and O'Connor's representations were false, Cousin would not have entered into the employment agreement or investment agreement with AWSL." Cousin signed another agreement in November 2010 that amended the earlier agreements. Under this agreement, Cousin was given 2 million stock options at an exercise price of $1.60 to be exercised Ÿwithin five years. The agreement also allocated an additional 3 million stock options with a five year vesting period. Cousin also claimed he was unaware of an investigation by the United States Securities and Exchange Commission into public statements by AWSL, Trahan and Baldwin. Cousin claims he found out after becoming CEO the SEC issued a subpoena requiring AWSL to produce documents related to financial and business activities from 2009-2010. The SEC later issued a fourth subpoena to AWSL's accounting and auditing firm for financial statements from 2008-2010, the suit claims. "After Cousin assumed his position as Chief Executive Officer of AWSL, he discovered that Trahan had potential conflicts of interest based on his position as a member of AWSL's board of directors and his relationships with competing companies in similar industries, including BCIS," the suit stated. According to the suit, the SEC filed a complaint against PennyStockChaser, an online firm that promoted penny stocks traded on over-the-counter stock exchanges. PennyStockChaser promoted AWSL's stock after the online firm received several hundred thousands of shares from AWSL. The online firm later sold its stock, "reaping hundreds of thousands of dollars in profit," the suit claimed. Cousin later sent a letter to AWSL's board of directors, outlining concerns he had about the company's governance, transparency, conflicts of interests, misleading public statements and the company's "unwillingness" to prevent misconduct. He also expressed concern about "the potential long-term damage to the company from the SEC investigation." Cousin said action was not taken to correct problems and he was later forced to resign. "To the contrary, Cousin was encouraged by other members of the board of directors to alter his letter to omit or soften the problems he had identified. Cousin refused to do so. Cousin later learned that other members of the AWSL's Board of Directors had breached fundamental corporate governance principles by disclosing the terms of his letter to O'Connro who was not a member of the Board of Directors." Cousin seeks payment of his full salary, reimbursement for business expenses, issuance of 5 million fully vested stock options, performance bonuses earned in 2010, severance payment of two years' salary and bonus, and redemption of common shares he purchased at the original $250,000. http://www.google.com/search?q=awsl+april+11+2012&client=ms-rim&hl=en&ie=UTF-8&oe=UTF-8&channel=browser
Whom (experts) are you refering to? Please advise, Thanks
Maybe their phones lines crashed after the sudden inrush of celebratory phone calls
Thanks Willie for making access to todays OPA press release easy. Wow, did I count a total of 20 contracts offered to date and more to be released soon?
Question for the non believers: what do you think now after reading the OPA PR?
Quote taken from The Sunday Sun May 15, 2011 Your Future Your Choice In post-secondary education insert page 9 "New careers for a green economy: Green programs are helping drive the provinces transition to a sustainable economy, says Colleges Ontario. According to its report, Colleges Driving a Sustainable Future: New Careers for a Clean Economy, released last October, a total of 35 new programshave been introduced across the province in the past three years. Graduates are ready for innovations in everything from green business management to alternative energy egineering technology.
Paradigm shift appears to be happening, slowly but surely. I guess its like a large ship it takes awhile to change course. Time will certainly tell!
Accountable to the shareholders and hopefully management will issue a cash dividend next time soon with all the monies from the fruition of the hard work we keep hearing about!!! ;-p
Amen dollars2bhad but scorch made alot of interesting facts. Why the delay/hesitation to start cashing in on these 20 year government bonds Stock-whisperer refers to.
I like how you follow up questions with research and documented illustrations stock-whisperer.
Are my calculations correct?
250kw X .713 cents=$178.25 per hour x 10hours (sunlight per day for example)=$1782.5 per day X 365 (days per year)= $650612.50 per rooftop? If that is correct Wow.
Multiplied by 20 years = $13,012250.00
Multiplied by 100 rooftops this year = $1.3Billion
Plus 200 more next year almost $5Billion
Plus the wind side???????
The replies have been awesome and informative. I put a bid a buy some stock today and should find out tomorrow if I did get any. What equation does the company use to recieve $300,000 for 250Kw from rooftop solar panels? Probably simple math but what is AWSL's formula? If the formula is correct and the equipment they supply works as stated, this is the best kept secret because it appears to be the direction governments around the World are heading towards.
Thanks for taking the time to reply, I am just trying to research and get a feel for what others are thinking of AWSL before I buy any stock because the name you are using is obviously taken.
Take care
Good investment or Not maybe I should have asked? I have been watching and thinking about buying some AWSL shares while the shorts keep the value low, but where is the volume. Can projections be verified for $100.00 optimistically or will it be $0.01 realistically. How do we know? Not being negative, just realistic!
Real Deal or Not?
Does anyone have any idea how high AWSL stock price will go once the S-1 is completed and the first construction project is completed?