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LOL. "all the selling"? You mean the couple hundred dollars worth of sales in the past few weeks?
As for "do not know how to build a real company", this is not even worth replying. I recommend you read the financial reports and see how they over the past few years went from 0 to $6,000,000 in sales.
Saul, why are you focusing on the upcoming quarterly report and all the recent progress? SHouldn't we be focusing on an auditing firm AWSL used 4 years ago or other news from 5 or 6 years ago ? Or better yet lets discuss how Trahan was behind the formation of this company in 1977!
Do you recall some saying Trahan was behind Dalton Energy.. "The pioneer in gas street lighting"? Wow, amazing work he was doing over 100 years ago!
Great Due Diligence BBW. We are all thankful and impressed by your breath of knowledge and research. This PR will make me reconsider EVERYTHING!
OK then, lets review a 4 year old PR from the old management.
Sam Kan completed the 2007 to 2009 audit. Confirmed.
Uplisting and S1 - As we all know the markets were not conducive to a public offering of new shares. We were also told by management that it was being postponed indefinitely as the need for raising new cash was reduced considerably. This was good news as we shareholders did not have to be diluted with all kinds of new shares being issued. As for an uplifting, we also know that the company did not during the past few years qualify for an Amex of NASDAQ small cap listing. Even if it did it would add approximately $500,000 + in reporting, regulatory and listing fees annually. For management to consider spending that kind of money over developing the business further would be idiotic at best.
I applaud management's decision on this.
Will they uplist etc in the future? Perhaps. But rest assured the new management will not say so until it is about to happen. This was clear in a pr issued by the new CEO stating nothing will be announced until it is irrevocably going forward.
Any other 4 or 5 year old news you would like to discuss? I think most shareholders are more concerned with recent developments and future prospects. But the company was originally formed in 1977. So how far back would you like me to discuss?
Speaking of 1977, do you recall "Trahan was involved with this company since its inception". Sounds like he was a incredibly clever 6 year old.
Interesting points about 2009. That was 5 years and 2 CEO's ago. I see the OTCMarkets list AWSL as Current, the highest Tier available. I see they have filed 2010, 2011, 2012, 2013 and are about to file the Q1 2014. Seems like they are more than meeting any reporting requirements.
As a shareholder I am very please with the reporting and the continually improving financials!
Please show us any financial statements done by them. Perhaps this is why they switched accounting firms.
Additionally, when large accounting firms in the past ran into problems, did every company that used these firms get tarnished for using them? Of course not. They simply changed firms to make the shareholders feel more comfortable. Looks like Atlantic did the same.
Absurd is right! Where were they "caught"? And caught doing what? AWSL was Caught:
Building the company considerably?
Not issuing shares?
Insiders financing the company to avoid dilution?
Caught landing 50 MW, $150,000,000 deals in Ecuador?
Caught signing 21 agreements with the Ontario Power Authority?
Caught landing $6,000,000 in sales in the past couple year?
Darn, caught red handed!
Actually, they were following AWSL since 2009. Interesting isn't it!
Much higher than the "halted", "going sub penny" and bankrupt" that was predicted.
I am very please with the trend in trading, bid support, sales and profitability.
In answer to your question Saul. It is a short seller that is pleased when a stock trades lower.
I totally disagree with the comments. I find it hard to take seriously when I read…
"going public allows for the company through selling its share's create additional revenue flow."
Raising money through stock sales is NOT revenue. At least in US GAAP and Canadian accounting,and I am pretty certain every accounting standard globally.
Further, Atlantic did not do an IPO, nor made stock sales Atlantic went public by way of a reverse merger. Meaning anyone who bought share in the open market bought them from old shareholders who acquired them over the past 10-15 years.
as for:
"AWSL and it's un-management style has done everything wrong for the AWSL shareholder. :
I personally disagree. Management had to risk tremendous personal money to avoid diluting the shareholders. They worked many years without salary and they are delivering on projects and revenue, plain and simple.
300 share down print. Maybe I should sell? lol
I assure you these things are done to try to show a multi day downward trend to scare in some selling.
Unless someone really needed $87 minus commissions of course.
John, let me try to answer your questions:
There is no IR contact outside of the AWSL management. (Please note: Mr. O'Connor is not associated with Atlantic. He has not provided any IR or any other services since 2011. He is not expected to be hired again.)
Teleconference for financial results - I do not think this is in the works but it is a great recommendation. I am certain if there was a demand AWSL management would love to do so.
Promotion - I have not heard of any companies being hired. However management has stated they will be budgeting money for advertising and awareness. So I expect them to get more eyes on the stock. When Exactly , I do not know.
But the bid has moved up by another 12% and the offer also moved up!
OHHHH YEEEEEAAAAAHHHHHHHHHH!!!!!!!!!!!!!
Go AWSL Go
A reverse is when a board of directors decides to reduce everyone's shareholdings by a pre determined amount.
In BYSD's case the last to reverse stock splits would equate to you have your shares reversed 5,000 shares becomes 1 share. Or in my case 1,000,000 became 200 shares. In this company's case, the board than decided to issue another BILLION + shares. This of course destroys the old shareholders.
That is why the stock continues to go down. That and the false and misleading press releases and insider selling.
Interesting opinion. I however, have reviewed numerous quarterly and annual reports by other OTC companies. I can say with conviction, I have not seen one other company publish reports with as much detail of the operations, in such a professional presentation and finally with a financial statement that are so impressive in the continued upward and positive trend.
I am happy the company works out of "10x10 cubicles" thus saving money that can go into developing the business further instead of a landlords bank account.
Gilda, I would appreciate your opinion on this as you seem to have a very good and close eye on this stock and company.
I notice that the bid has been moving up from the .05 a few months earlier. It seems to continue to do so. In fact today it is at .30. My question is, is this also a bad sign? SHould we sell since it is "DOA' a little higher each week?
Feel free to let us know 'what it proves' ... A link to your own post stating that a certain date there was no short selling.
Does that somehow say that there was no short sales at the bid ever? I don't see that. I do not talk about the squeeze you mention. I point out the contradictions and discuss the company's sales, contracts and other metrics. I will point out manipulative trades. But as for obsessing about a short position and squeeze. This sure seems to be coming from someone other than me.
We don't even need a short squeeze. The rate of growth in sales, profitability and project development… we won't need a squeeze. A little advertising and awareness and this will be more than enough when combined with the consistent improvement the company is delivering.
Whether they cover a couple days later is not my point. My point is that without a doubt there was short trades that went off at the bid. You can double check my historical post with FINRA data if you like.
Amazing how non compensated promoters of AWSL in the past that were very upset for other people getting hired instead of them get very upset and attack the company for a few years straight. I guess they still aren't making money. or they would have moved on. Oh well you kind of have to feel sorry for them.
Go AWSL GO!
You are right in that shorts are supposed to be done at the offer. Never the bid. But as I have demonstrated here many times over the past couple years they print short sales at the bid also. There is only one reason someone would do that. They want a low print but don't have any stock to sell to make that happen. aka manipulation.
Todays trading. Despite the bid being at .27 it shows .26 as the last. Look at these huge sales. A big selloff today.
Recent Trades - All 3 today
Time ET Ex Price Change Volume
14:55:18 Q 0.27 33
10:32:37 Q 0.27 17
09:30:06 Q 0.26 -0.01 700
"Made a killing for the day thanks to the inept AWSL management"? Covering 700 shares on the bid? $182 is a killing but $4,000,000 is a cubicle. LOL. Big time.
As for a cubical , well a $4,000,000 cubical for 2013 is pretty amazing.
Excuse for what?
Projections?
Sales up 100% over 2012. No need for projections.
2013…. $4,000,000
2012… $1,800,000
No need to make excuses for that. As for the share price, it has been stated numerous times that the focus is on building the business not the short term share price. The business of course that and I quote:
"Will never have sales"
"Will never get a contract"
"stick a fork in it, it is done"
"this will be bankrupt"
"they will never build anything"
"this will be halted"
"this is going sub penny"
Despite this sentiment being completely off, the company grows at an incredible rate.
Yes, perhaps they "lost 52,000%" LOL. Comical is right!
AWSL, long and strong.
Yes it is not a walk down. It is market manipulation taking it down. Temporarily.
The CSTI walk down is on again. Despite a bid at .27, 'somehow' a small trade goes off at .26. Than CSTI low offers to .38. The CSTI short walk down is on.
CSTI is in for a surprise.
Is it upsetting that the stock is up 800% this year? At .05 well we all know what was said.
landed them in trouble? Please elaborate.
What is wrong with the financials. I would love to see one thing that is not recorded in US GAAP reporting standards.
When there was plenty of volume, "it was a scam" and….
"Company will never get a contract."
"They were not offered OPA contracts."
"They do not have the deposits for the OPA contracts."
"The OPA contracts were offered not executed."
"They will never get NTP's on the contracts."
"You can't sell OPA contracts."
"They will never build anything."
"They have no deal with C&W."
"This is going sub penny."
"This is going Bankrupt"
"The CEO was not really meeting with the top Ecuador government officials."
"The pictures of the meetings were fake."
"They will never get a deal in Ecuador."
Now after every statement was proven to be incorrect, Bloomberg and Wall Street Journal wrote about these deals positively, but now the "company is a scam" since the volume is low.
DESPITE the stock moving up from .05 to .40 this year already. An 800% increase. The bids and offer are moving up. But wait. this is all bad right?
OK, lets call the OTCMarkets.com and US GAAP "Alternate Reporting".
I guess the AWSL's CPA firm has no idea what they are doing? And the CFO at AWSL that has worked in senior management at tier 1 banks doesn't either. Also OTCMarkets who reviews them and provided a "Fully Current" (the highest rating in the tier) is wrong also.
SImply Gilda, I respectfully disagree with your statements that they are not reporting properly according to US GAAP.
Bids are getting bigger, bids and offers moving higher. Is that a bad sign too?
Its easy to trade millions of shares a day in the sub penny land. Simply spend a lot of money on promotion. You will get a nice short term, serge in volume. But it appears AWSL is instead spending the money on building this business first. This strategy seems to be working.
Sales of almost $4,000,000 last year up over 100% from 2012's $1,800,000.
Accordingly, the stock price and bids have continually moved up.
Yet the bids get bigger and the offers move higher.
Thanks for the chart. This is really looking good!
ALERT!!!! 120 share sell off! $30 flooding the market.
KIK
Q1 is required to be filed on May 15 not April 15. I believe I typed 4/15 a few days ago in error.
So now financials published by the company can't be trusted? "show me the money?". Are you asking to look at the bank accounts etc for AWSL? Perhaps you should visit them and confirm this.
Yes. Lets look now at the net loss/ profit.
2010… $2,700,000
2011… $1,100,000
2012… $360,000
2013… $200,000
As for margins. AWSL is beating all the publicly traded solar company margins handsomely.
You of course meant Province of Ontario, not city. But I agree with you completely..
Are you implying all AWSL shareholders bought there shares at the all time high from 5 years ago? I only saw one trade at $4.84.
Regardless if shareholders started buying at .10 before the big run up or any point along the way, there has been plenty of opportunity profit or to average down and get it the black. Assuming the investor had the capital to average down.
In 5 years this went from .10 to $4.84 with two stock splits / dividends, thus increasing the shareholdings by 50% and now the stock is at .40. There is plenty of room to make money in this 5 year run.
In 2014 alone, smart and able traders could have bought at .05 when "excellent insight" was to get out as it was going "sub penny" and "bankrupt" and they would have already made 800%.
You know what else I like? Beside the 800% share increase this year ?
Beside the sales:
2012... $1,800,000
2013... $4,000,000
Over 100% improvement year over year.
I like the profitability improvement/
2010… $2,700,000
2011… $1,100,000
2012… $360,000
2013… $200,000
I recall hearing at .05 some "excellent analysis" that it was going to go to sub penny or to be halted. Thankfully I listened to my gut feeling, the financial reports and bought. Not sold. :
I agree. AWSL is not on everyones radar yet. But still the price went up 800% this year.
While it is true that almost every sell has been a short sale, it takes two sides to make a trade. So there was a buy with every short sale. I also like there has been increasing volume on a dollar basis this year also. However yes today there was no volume.
Can you imagine how this will trade once management gets it on traders radar? I don't care if it is a promotion, advertising or going on radio , TV and print media to make it happen.
With 800% move with none of this. Man I am excited to see how it will fly with massive awareness.