Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ALERT for AWSL SHAREHOLDERS,...
When sales are way up, the company is now profitable and continues to build the business globally and after publishing 2014 results is attacked on 2012 and 2013. Not for increasing the sales number or profitability. In fact I have no idea what for, I look for signs. I will keep all posted.
Here is what is irrefutable and true:
Year...........Sales................. Profit / Loss
2010...........0......................(2,700,000)
2011...........0......................(1,100,000)
2012..........$1,880,000........(400,000)
2013..........$4,000,000........(300,000)
2014*.........$1,500,000........$330,000
* represents only 3 ,paths (q1)
In answer no. I cannot from the 'mid year 2013' report give you that detail of Q1 (period end March 31 2013) out of that report as it combined the Q1 and Q2 together. Hence the "mid Year Semi Annual report" name.
However it is very clear now in the most recent 2014 Q1 report. I notice the numbers would seem to be half of the "mod year report". This does not seem very surprising to me.
But while looking at it I must say I am most happy with the continued sales growth, the company's first ever profit and the reduction in payables and receivables.
While this could be an interesting debate for some I guess, the report filed yesterday was for 2014's results. Not 2012. It was very clear the 2014 q1 was the first ever profitable quarter.
It makes me so mad that the company keeps posting better and better results. This is terrible.
17 consecutive quarters of improvement.
Growing sales. 227% increase this Q alone.
Profitability.
22 contracts with the government already.
almost 20 utility scale solar project built already.
All while lean, no money wasting operations.
Fully current in the filings. Each filing with certifications from the CEO and CFO.
Rated with the highest ranking on OTCMarkets in their class.
No insider selling or issuing of shares.
This is unacceptable behaviour and can ruin credibility!
Thanks for the chart. It is looking good! I am excited to think what it could look like with some awareness efforts.
As you can see by this link, I posted the PR with the FULL disclaimer. However I admit I did not select certain text in it and highlight it in red and make it bold.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102043356
Thanks. I too appreciate the full and complete disclosure from AWSL. Although this is what all public companies do. But none the less it is good to show that management operates in such a transparent way.
In fact you can read the full information and disclosure statement at OTCMarkets.com.
Good idea! Lets look at it:
Atlantic Wind & Solar reports 1st quarter Profit, highlighting 17 consecutive quarters of improvement
TORONTO, May 15, 2014 /PRNewswire/ -- Atlantic Wind & Solar (OTC: AWSL) reports financial results on operations and records first quarter profit.
Continuing with the trend of higher sales and increased profitability over the past 17 quarters, Atlantic more than doubled its sales (up 227%) from the previous year. More impressive were the increases in profit margins of 30% compared to 17.6% for the same period in 2013.
Profitability continued to improve significantly. Losses were reversed with the company's first ever profit of $319,477 or .01 per share for the quarter - a substantial improvement over the previous quarter's loss of $102,643.
With its portfolio of PV projects in Ontario under construction management expects to report similarly positive results for the balance of the year.
Commenting on the results, Chairman, CEO Gilles Trahan stated "Atlantic recorded its first profitable quarter marking the success of its business model and management's commitment to its successful execution. With profitability reached, management will work toward improving its balance sheet with the reduction of payables and reduction of Preferred shares, while continuing to expand the business".
Finally, in Ecuador Atlantic is in advanced negotiations for the co-development and sale of an interest in its 25 MWp approved power plant project. Atlantic hopes to finalize this in Q2 / Q3 2014.
To read the full report and/or sign up for news alerts and updates, visit the company's web site, at: www.AtlanticWindandSolar.com
About Atlantic Wind and Solar Inc:
Atlantic is a developer of utility scale renewable energy plants with over 450 MW's of projects at various stages of development in Canada, South America and the Caribbean.
Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in 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.
I can read the statements. I responded very clearly.
I am curious how the report of 6 months revenue that equates to the 2 Q's revenue is such an issue. Did it increase 2012, 2013 or 2014'sales? No.
Perhaps you should complain to the regulators. I am sure they will be all over this and will make changes to the US - GAAP
Next thing we know the company is going to tell us that half of dozen = 6. Talk about 'unmanagement'. Sounds like I should sell.
AWSL did not prepare a 2013 Q1 report but did prepare a half year report after Q2. This report seems to simply split the half into 2 quarters for the purpose of comparison.
AWSL follows the accrual accounting method for these projects. AWSL reported progress numbers (i.e. accrued percentages) along the path of development. The final numbers could only be known upon completion and as such the post-construction numbers encapsulate the projects from beginning to end.
The actual life of these projects seem to be closer to four years. Accrual accounting only permits the reporting of sales and cost number once projects are deemed to be on a path to final completion. AWSL could technically re-state the past 16 quarters to now reflect a small percentage of completion for each quarter since getting the OPA contracts but: a) this would be a futile exercise since, b) the post-completion numbers solidify all the past reports into final numbers rather than accrued percentages.
The quarter-on-quarter report format is the standard for the industry. If this particular quarter-on-quarter information is seen to be unhelpful or uninformative then if can be ignored in favour of the post-completion data. If all quarter-on-quarter data is seen to be unhelpful or uninformative then anyone with a dislike for this standard of reporting should pursue whatever channels of complaint exist for the accounting standard known as GAAP - the Generally Accepted Accounting Principles.
Not sure how you expect this when there has been no marketing or advertising of the company and stock yet. It appears management used the money to first build the business. I think this was in the long term best interest of the shareholders.
Thanks Gilda. I too recall that AWSL filed semi annual and now it is filing quarterly. I am not surprised that a semi annual adds up to 2 quarters. Or 2 quarters add up to the semi annual.
Do you too feel this reporting of profit is clearly unmanagement and pathetic? Does breaking out the semi annual to be spread over 2 q's s is another sign of pending sub penny, bankrupt etc.
I personally find profit on a pink sheet to be rare and a slight contradiction to some things I have read.
There you go... Now my prediction is 100% fulfilled. 1st it would be down ticked. Even on great news. Sales up 227% and the 1st profitable quarter is definitely good news. Than the "sell" and "pathetic" statements to follow. Than the low offer so even buys will be in the red.
One thing is for sure this is very, very predictable.
But when it is apparent as it has been each time the company put out good news that these tactics do not create selling, the stock moves up a few days later as they still need to cover.
As I said a few days ago, the reason it was trading lightly at .40 was so they could do the down print on the filing. As predicted there is the .29 print on the news of the company's first profit. So now it is time for the "I guess no one is buying the AWS rhetoric" or "Everyone is disappointed with the results and is selling off".
Good morning Sin, I am happy also.
Even if the balance of the year is flat with this Q's results that would be .04 EPS for the current year. At 10 x EPS that is .040 a share/ 20 x EPS and we are at .80. However EPS is usually calculated based on the coming year. If AWSL continues its current growth rate we can multiply these numbers. Pretty sweet I must say. I think this is the first Pink OTC company I have owned that actually trades at the base fundamental level, not a promoted price.
SO I am hoping that we finish this year with .010 in earnings per share. Than hopefully back to $1 to $2.00 + per share trading price.
How long before this good news gets spun as disappointing or "management failed"?
My AWSL shares are not for sale at these prices either.
John, to be clear when I predict the stock going lower, I clearly said for a day or two. This is called manipulation. It will in my belief move up once it is realized that the manipulation does not cause selling anymore.
I predict that if the company keeps improving as they are it is going to move up considerably.
It won't be held down for long.
As for the move from .05 to .40 how can you say it is not a true reflection? I averaged down at .09 and it has traded many times since at .40. If I sold at .40 I would have made over 400%. But I am not interested in selling at .40
Prediction... based on last couple days of trading. With the light volume at the offer, once the Q1 report comes out, regardless how good the results, the offer will go lower so all buys will still show the stock is down. Then we will read that "look the market does not buy it" or "looks like everyone is selling on the report / news".
This happened with each time great news cam out. But a day or two later the stock goes higher again. Will be interesting to see how this unfolds.
AWSL is guided by US GAAP. I suggest reading the financials. I would love to see one quarterly report audited by any company like Facebook or Apple.
The only thing I agree with is what you stated below. You are right,AWSL is much different than any other Pinksheet company. They do not sell stock and they have a magnitude of sales in the pipeline that I found others do not have.
From 0 sales with a loss of $2,700,000 to $4,000,000 in sales last year with a couple hundred grand loss. These guys are making things happen. Why it upsets some I do not know.
Interesting. I am not sure where you get your research but I note from OTCMarkets.com that there has only been 1 notice of late filing filed. However AWSL than made the filing within the allowed time. So There has not been a single late filing in years. Look for yourself: http://www.otcmarkets.com/stock/AWSL/filings
While you are there you might want to review the listing requirements. AWSL is current and has been for some time now. There is no requirement for audited financial statements. That said, even NASDAQ or NYSE companies do not audit Q1, 2 or 3 results.
I see Yahoo finance now shows AWSL's financials for 2013 also.
Nice to see the year to year com parables. Especially when the sales figures double!
Lets hope the trend continues.
Do you have any idea why a sticky post still talks about the DTC chill when that was resolved months ago?
Q1 results this week. Very quiet here considering. I am guessing some people are afraid of the results to come.
As a long shareholder, I am confident.
I look forward to the critique no matter how good the financials may be.
As I said the AWSL trend has improved since 2009/2010.
Sales continually going up. Losses going down.
No share issuances. In fact reductions in the issued and outstanding and in DTC.
Contracts continually being secured.
Projects continually being built.
Management has put there money where there mouth and belief is. Management have financed this company so no new shares would have to be issued and sold diluting shareholders and driving down the price.
The stock will catch up. It already started to. Rising from .05 earlier this year to the current .40!
A totally negative view would make me think hard.
My pleasure. I hope you are enjoying the weekend. Happy Mothers day to all.
Yes in each of those examples AWSL has a higher profit margin. But please feel free to prove me wrong.
That is what happens when management of a company runs the company lean. No fat from big fancy offices. No multi million dollar salaries etc. Very impressive that AWSL can do this from a "cubicle" and care more about the shareholders bottom line than it does trying to impress people with a high burn rate luxury office.
Q1 results this week. Do you think the trend will continue to be incredibly positive? It is hard to imagine they can have a better quarter20 quarters in a row. But we will see I guess.
In general or for this board? There is a big difference.
Try buying any quantity of AWSL and see what happens to the price.
It will be interesting indeed to see if AWSL continues to blow away the competition with its profit margins.
I agree Nloghtn,. a "several hundred percent gain" this year alone is rather good and we still have another 7 more months to go.
Yes it must be 'awkward" when it was supposed to be "bankrupt", "insolvent", "halted", "sub penny" and delisted. But instead it is .40.
What? "a several hundred percent gain vs a several thousand percent loss".
If you were the only person who bought at $4.84 on Oct 21, 2009 and lost all your money... meaning it went to $0.00 than your loss is 100%. Can you help me understand how you can loose "several thousand percent"?
I guess I now understand why the financial reports seem 'fuzzy math" to some.
This might have been 'up ticked' to .40 so they can down tick it on the Q1 filing. An attempt to try to make it look like the results were not good and hence why the stock dropped..
Lets see how next week unfolds.
Saul, it is a short offer.
Anyone who had shares at .30 from a few years ago would now have 50% more shares via dividends.
Now with the last trade at .40 and the Q1 results coming. Not too bad.
Yeah. They screwed it up more. From .05 to now .40 this year alone. This makes me so mad. How dare this stock go up. This can ruin peoples credibility.
I agree with you Saul. The reports were very clear and very professional with great results reported.
From 0 sales and a loss of %2.7 million to:
2012 $1,888,000
2013 $4,000,000
2014 ???
The office "being operated off of a cell phone" is hilarious. That confirms the person has not called the office nor have visited the office.
Your right. All the selling this year moved it up from .05 to .29 bid.
.
Based on your trading stats provided, it appears all the shareholders think so. Clearly people are not selling.
I am very much looking forward to the Q1 results due on or before the 15th..
Albeit still light, there is the volume you are looking for. I think we should see more with the filing of Q1 results in the next week or so.
Welcome to the board. Nice to have you here.