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I think the management is on the right course. I would not want to see them changed. That would just be more expenses, a long learning curve for them to get up to speed and hired management will not take a subsidy and invest when required, if required. This is a ridiculous idea to suggest a change with no suggestion for who. It is also silly given they have clearly turned this boat in the right direction.
Only a few years ago the last CEO Pierre Cousin y lost $2,700,000. Since then, under the new management the past two years they have approx. $5,000,000 in sales and only lost $300,000 according to the last filing Q 3, 2013. With a PR out saying management took another haircut to make the company instantly profitable it is hard to take seriously any suggestion that we replace them. One has to question the suggestion or the source/
You cannot vote out without voting in. Who us going to replace them?
I, like Saul and Apprentice am please with the management's performance in the past couple years. I don't like the stock price, but as long as they continue to deliver and move in the same trajectory the stock will correct itself. This drop and DTC issue that helped the stock fall from over.40 might end up making for some great buying opportunities. I personally will buy at these levels as soon as the DTC issue is resolved and I can do so.
But I am open to other ideas. Any recommendations who to vote in?
Nlightn, I just thought of something else… What if they reduced the salaries retroactively to Oct 1 also!!!!
Damn this makes my blood boil!!!!
How dare management take less money and leave more for the shareholders. It is time we draw a line. This is unacceptable behaviour. What do you propose we do?
Does anyone have a suggestion?
We cannot let this go on! We have to come together an insist they increase their salaries and interest on the preferred shares also.
You are right Nlightn!
How dare this management screw us by retroactively taking a considerable reduction in the interest they accrue on the unpaid salaries they did not receive in the past 4+ years!
Man this is horrible. But if they start waiving the interest or forgiving the loans they made to the company of more than $3,500,000 that is where I draw the line.
I say we all start a class action suit. How dare they retroactively take less money. Damn this makes me mad. Hurry lets get this started before they reduce the company's expenses further.
The nerve of this management thinking they can look out for the shareholders interest before their own!!!
So it seems management went above and beyond to take a 4% reduction not only going forward but retroactively.
Damn that management.
I hate to break it to you but Oct is Q4. Reread the PR. It was stated "changes for 2013 and 2014".
This is why I always suggest getting clarification from the company's management instead of making assumptions.
The offer is .15. Try there if you really want it. But I doubt they will sell it to you.
Historical Short Selling Data For AWSL
Date VolShorted High Low Close ShortVol RegularVol
Jan 21 100.00% 0.09 0.09 0.09 1,000 1,000
Jan 17 0% 0.15 0.15 0.15 0 100
Jan 16 100.00% 0.09 0.09 0.09 228 228
So yesterdays trade to put it down 40% (.09( was a short trade. So the only two times it traded under .10 in the past year were both short sales.
http://otcshortreport.com/index.php?index=AWSL&action=view#.Ut_ojqX0A9U
Does this sound a little shady? Stock is last at .15 but lets sell SHORT on the bid at .09, 40% lower. It sure appears this is done to 'paint' a picture. I can't imagine it being a $90 trading strategy.
As of Oct 1, 2013 8% not 12.
Yes you can eat really well on preferred shares. LOL.
Yes 4 + years. Notice it is now 5 years? 5 -4= 1 year.
So yes it appears the company is just starting to be able to make interest payment or salaries. But I am sure we can find new management that will wait over 4 years and finance all shortfalls. Any ideas who we can recommend?
Yeah judging by the $90. sale you mention. Is that "all the shareholders that are getting out"?
So if this idea of removing management is a viable one, we need to find a replacement.
Who could take over? It is one thing to vote them out, but it is another to have a better replacement.
But before we do we should consider: What is the failure in being "fiducially responsible"? Is it the 4+ years of no pay while they built the business? Was it the more than $3.5 million they put in the company? Was it the taking the company from a loss of $2,700,000 to its immanent if not current profitability on sales of over $5,000,000 in the past 2 years?
If anyone has a better group of candidates that are willing to take the job and can do better, I am certain the board of directors would approve this.
But the experiment with Cousin, the last rent a CEO failed. He made double what the current CEO makes and racked up all those losses and left trying to point the finger. I salute management for not throwing in the towel. But instead investing more, working more and making it a great turn around. But that is just my opinion.
Thursday's only trade, all the way down at .09 was a short trade. That makes sense. STock trades at .19 a day or so before, but I think I will sell short at .09
http://otcshortreport.com/index.php?index=awsl&action=view#.UtmqQKX0BL5
Have to love the 100% of volume is short days.
Not trying to be funny. I recall you pointing out every downtick even when the dollar value is less than this.
So I thought it should work both ways. But really it is to point out what will happen next based on historical trading.
AWSL
All Ways Soaring Langley
Up 67%. Wonder how well that will be received. Expecting a down print to fix this "problem".
The only real chance you have is at the offer. There are a few brokerage firms (not many) that will still trade while the DTC chill is in place.
LOL Tick Tock. lol. So much insight. By the way where did you see the official release that it will be filed on April 1? I have not seen the company do so. All I said is it is due by April 1. I would not be surprised if it was filed early.
By the way, did you see the massive $24. sell off?
You mean yesterday it was .19 all day until 6 minutes to close when it traded at .11?
I won't lie. I pray you are right with your .01 prediction! The moment the DTC issue is resolved I will buy so much at those levels you have no idea!
My theory was proven correct. Offer now at .15 and .19 and a 228 share print at .09.
Whoever is behind these games watches this board!
I am pretty certain Brent is working on solar lease finance at another company in another country. I am not aware of a notion that a plan is in place for his return.
AWSL management. It is surprisingly easy to get information from the company. I am shocked more people do not go to the source.
The offer is now .31
Only4,000 shares offered ti .70.
1,000 offered at .70 than it goes to $8.00.
Lets see if like in the past, when I point this out offers get stacked.
Rest assured the games in the market and inability to buy is being addressed as we speak. Well type I mean.
Yeah quickly sell $628 worth of stock at .11 when it last traded at .19. SOunds sensible.
It appears someone else was also concerned by the uptick. 6 minutes before close they fixed it.
Recent Trades - All 3 today
Time ET Ex Price Change Volume
15:53:28 Q 0.11 5,719
13:15:05 Q 0.19 0.08 358
12:13:54 Q 0.19 0.08 500
My guess is one week maybe two.
Even though I already answered this numerous times, I will do so again for your benefit.
There is a DTC Chill that has stopped people from being able to buy AWSL. This stems from the SEC Vs Oppenheimer & CO.
This caused the stock to fall from over .40 to .11. As you can see no one can buy yet. So that is why it will not go up and why it will sit at .11 until the chill is corrected.
Atlantic Wind & Solar Inc. AWSL
Here is a little info on the company and its subsidiary, Atlantic Solar Inc.
"We hold these truths to be self-evident: "
1. Despite, the claims the company would never get a single solar contract it landed more than 20 in Ontario alone. This represented over 2.7 MW. This represent more than $10,000,000 in sales and over $3,000,000 in gross profit.
2. Despite, the claims the company would never get a single solar contract it landed a massive $150,000,000 58.43 MW deal in Ecuador.
3. Despite the claims the company was issuing and selling shares to "bag holders", management has reduced the issued shares by more than 5,000,000 shares. It also reduced the stock available in DTC making this very problematic for any short position that may be out there and not disclosed.
4. As of Jan 12, 2014 there is only 7,000 shares available on the offer under $2.00 according to Level II
5. In the past 5 years the company went from a loss of $2,700,000 on $0 sales to now having book almost $5,000,000 in the past 2 years and as of Sept 30/2013 had only a loss of $300,000. A trend that has continued to get better annually.
6. The company and management was praised in 2013 by Bloomberg.
7. The company news has been featured in the Wall Street Journal.
8. The company is listed as "Current Pink", the highest tier on the OTCMarets Pinksheets trading portal.
9. Management has funded the company on an as needed basis with 12 and now 8% preferred shares so the shareholders would not have to be diluted with new shares. In the world of Pinksheets this does not happen much if ever at all. The common place is to just keep issuing shares to pay bills. I believe a naked short seller would never have guessed this to happen. *something like this could sure motivate them to pick apart the company's progress at every step)
10. AWSL has some precious tax loss carry forwards that will allow the company and shareholders to enjoy all the profits free of tax for a couple years potentially.
10. Management at Atlantic is very pleased with the three months covered by the financial statements for Q3-2013 and management believes the Company continues to trend towards increased profitability… But regardless how things improve some will never be happy.
Happy to see you paste a post from a member 4 years ago. But can you show us statements from the company. The OtcMarkets and company are very clear when the financials are due.
OTCMarkets.com guideline, the platform for (which the company's shares trade) states clearly April 1.
Contrary to your comments, 2009 was audited. DO you think when the SEC looked at the company after they SEC investigation into PSC they did confirm the PR's (including the audit were done?
But more deer eating popcorn pics and "Tick Toc" please.
Lets review some of your predictions:
Managment s shorting the stock
They will never get a contract
They have no applications into the OPA
They got a contract offer but, no contract
They will never get the money for the contract security deposits
They will never get CIA
They will ember get NTP
They will never build a single slur project
They are bankrupt
They are out of business
Managment is oing to take the money and run
They have no sales
They have no receivables
How they they be in business of have sales without the BaySt office
The Ecuador deal is not real
The list goes on and on
Anyone can post numbers without a source. But speaking of numbers, here are some good ones…
1. Despite, the claims the company would never get a single solar contract it landed more than 20 in Ontario alone. This represented over 2.7 MW. This represent more than $10,000,000 in sales and over $3,000,000 in gross profit.
2. Despite, the claims the company would never get a single solar contract it landed a massive $150,000,000 58.43 MW deal in Ecuador.
3. Despite the claims the company was issuing and selling shares to "bag holders", management has reduced the issued shares by more than 5,000,000 shares. It also reduced the stock available in DTC making this very problematic for any short position that may be out there and not disclosed.
4. As of Jan 12, 2014 there is only 7,000 shares available on the offer under $2.00 according to Level II
5. In the past 5 years the company went from a loss of $2,700,000 on $0 sales to now having book almost $5,000,000 in the past 2 years and as of Sept 30/2013 had only a loss of $300,000. A trend that has continued to get better annually.
6. The company and management was praised in 2013 by Bloomberg.
7. The company news has been featured in the Wall Street Journal.
8. The company is listed as "Current Pink", the highest tier on the OTCMarets Pinksheets trading portal.
9. Management has funded the company on an as needed basis with 12 and now 8% preferred shares so the shareholders would not have to be diluted with new shares. In the world of Pinksheets this does not happen much if ever at all. The common place is to just keep issuing shares to pay bills. I believe a naked short seller would never have guessed this to happen. *something like this could sure motivate them to pick apart the company's progress at every step)
10. AWSL has some precious tax loss carry forwards that will allow the company and shareholders to enjoy all the profits free of tax for a couple years potentially.
10. Management at Atlantic is very pleased with the three months covered by the financial statements for Q3-2013 and management believes the Company continues to trend towards increased profitability… But regardless how things improve some will never be happy.
"Minus zero volume" ? LOL I have never seen a negative volume day. Please elaborate.
At least you stopped saying that Atlantic is 9 years old. Thank you.
Can you show me where you read the PSC people are in jail. Are you just making this up as you go? Not that it matters as it has nothing to do with the company, but very curious how you take such strong statements as fact.
Nice to see the Solar PV industry is following Atlantic Wind & Solar AWSL …
http://www.pv-magazine.com/services/press-releases/details/beitrag/atlantic-wind--solar-inc---a-report-on-2013-and-changes-for-2013-2014_100013879/
Why sorted in that order? Why not by date? Better yet, since most here question your motives, why don't you provide a link instead so we can see the source.
Thanks Apprentice. It is amazing just how much effort we see from "more than 4 years and no financial interest in this stock".
Go AWSL GO is right!!!!
We hold these truths to be self-evident:
1. Despite, the claims the company would never get a single solar contract it landed more than 20 in Ontario alone. This represented over 2.7 MW. This represent more than $10,000,000 in sales and over $3,000,000 in gross profit.
2. Despite, the claims the company would never get a single solar contract it landed a massive $150,000,000 58.43 MW deal in Ecuador.
3. Despite the claims the company was issuing and selling shares to "bag holders", management has reduced the issued shares by more than 5,000,000 shares. It also reduced the stock available in DTC making this very problematic for any short position that may be out there and not disclosed.
4. As of Jan 12, 2014 there is only 7,000 shares available on the offer under $2.00 according to Level II
5. In the past 5 years the company went from a loss of $2,700,000 on $0 sales to now having book almost $5,000,000 in the past 2 years and as of Sept 30/2013 had only a loss of $300,000. A trend that has continued to get better annually.
6. The company and management was praised in 2013 by Bloomberg.
7. The company news has been featured in the Wall Street Journal.
8. The company is listed as "Current Pink", the highest tier on the OTCMarets Pinksheets trading portal.
9. Management has funded the company on an as needed basis with 12 and now 8% preferred shares so the shareholders would not have to be diluted with new shares. In the world of Pinksheets this does not happen much if ever at all. The common place is to just keep issuing shares to pay bills. I believe a naked short seller would never have guessed this to happen. *something like this could sure motivate them to pick apart the company's progress at every step)
10. AWSL has some precious tax loss carry forwards that will allow the company and shareholders to enjoy all the profits free of tax for a couple years potentially.
10. Management at Atlantic is very pleased with the three months covered by the financial statements for Q3-2013 and management believes the Company continues to trend towards increased profitability… But regardless how things improve some will never be happy.
Again you are VERY selective on the data you show. Please show all the days including the days after Oct 22, 2009.
There is a term for this style of selective information. It is propaganda". Or disinformation if you would rather.
.
Lack of revenue? LOL. With almost $5 million in less than 2 years, what are you comparing this company to? Please give me the Pinksheet symbol when you get a chance..
We hold these truths to be self-evident:
1. Despite, the claims the company would never get a single solar contract it landed more than 20 in Ontario alone. This represented over 2.7 MW. This represent more than $10,000,000 in sales and over $3,000,000 in gross profit.
2. Despite, the claims the company would never get a single solar contract it landed a massive $150,000,000 58.43 MW deal in Ecuador.
3. Despite the claims the company was issuing and selling shares to "bag holders", management has reduced the issued shares by more than 5,000,000 shares. It also reduced the stock available in DTC making this very problematic for any short position that may be out there and not disclosed.
4. As of Jan 12, 2014 there is only 7,000 shares available on the offer under $2.00 according to Level II
5. In the past 5 years the company went from a loss of $2,700,000 on $0 sales to now having book almost $5,000,000 in the past 2 years and as of Sept 30/2013 had only a loss of $300,000. A trend that has continued to get better annually.
6. The company and management was praised in 2013 by Bloomberg.
7. The company news has been featured in the Wall Street Journal.
8. The company is listed as "Current Pink", the highest tier on the OTCMarets Pinksheets trading portal.
9. Management has funded the company on an as needed basis with 12 and now 8% preferred shares so the shareholders would not have to be diluted with new shares. In the world of Pinksheets this does not happen much if ever at all. The common place is to just keep issuing shares to pay bills. I believe a naked short seller would never have guessed this to happen. *something like this could sure motivate them to pick apart the company's progress at every step)
10. AWSL has some precious tax loss carry forwards that will allow the company and shareholders to enjoy all the profits free of tax for a couple years potentially.
10. Management at Atlantic is very pleased with the three months covered by the financial statements for Q3-2013 and management believes the Company continues to trend towards increased profitability… But regardless how things improve some will never be happy.
Lets review…
1. AWSL traded briefly at $4.84 on October 22, 2009 - one day more than four years ago - during the PSC stock promotion when it traded more than 1,000,000 shares.
It traded more than 1 millions shares in a day. Hundreds of thousands daily for more than 1.5 years.
2. Most recently, AWSL has traded at $.11 per share on scant volume if it traded at all.
There was a couple prints at .11. One day alone it was 100% short trades at .11. Further, from the high of $4.84 to current shareholders who held there stock received 50% more shares via dividends. These dividends are going to be valuable as the company enters into profitability. They get the same cash or stock dividend rate and in the case of a buy out they would be paid at the same rate.
Regarding the very low price, a DTCC chill is in place temporarily making it unable to be bought. This saw the stock drop from .40 to its current 11. Given only 2,500 shares are available on the offer under .70 it is safe to assume it should move up very quickly!
3. AWSL has never reported earning a profit.
AWSL has not reported a profit yet... but lets look at the trend: (I love this trend)
Year____Sales_________Net profit / loss
2010____$0___________-$2,700,000
2011____$0___________-$1,100,000
2012____$1,880,000____-$380,000
2013*___$2,760,000____-$308,000
*9 months Only
4. AWSL's latest published financial statements (for the nine months ended September 30, 2013) indicate that total liabilities exceed total assets.
The January 7, 2014 Press release addressed how the COD milstone triggers the netting / payment of the AR and AP.
5. AWSL's accounts payable and accrued liabilities exceed its account receivable as of September 30, 2013.
If you want to really nickel and dime than I will again point to the PR oof Jan 7 to point out that with immanent profitability this has likely already changed.
6. AWSL is financed by its 12% preferred shareholders and the preferred stock dividends are not shown as an expense on the Company's statement of operations.
Simply not true.
7. AWSL's net equity per common share outstanding is negative as of September 30, 2013 and has always been negative.
Any company during the development stage of losses would have this until the future profits reduce it. But this is like pointing out the sun is hot.
8. At September 30, 2013, AWSL had cash of only $8,038.
But lets not consider the over $3 million in receivables.
9. At September 30, 2013, AWSL's accounts payable and accrued liabilities ($3,458,631) exceeded its total current assets of $3,403,430.
A $50k difference is made up with one project milestone. Absolutely immaterial
10. Management at Atlantic is very pleased with the three months covered by the financial statements for Q3-2013 (published on November 18, 2013) and management believes the Company continues to trend towards increased profitability.[/quote]
Agreed.
I will not debate disinformation with you.
How does one "whisper on a message board? Guess it is like how you call 8% 12%.