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According to Buyins.net that must be why there was a short sale right after to put it back at .11.
Here is your Buyins.net RegSHO Compliance Alert for January 2nd, 2014. Our RegSHO Compliance Service helps to protect AWSL from short sellers and market makers that are violating the more stringent RegSHO market integrity provisions recently enacted. We are monitoring the trading activity in AWSL and here is today’s report:
Total Trading Volume: 390
Daily Short Volume: 358
Avg. Price of Shorts Today: 0.110
Short %: 91.79
Volume at Offer: 358
Buy%: 0.000
Volume at Bid: 0
Sell%: 0.000
Shares Crossed: 32.000
Cross%: 0.000
Net Buying vs. Selling: 358
Price Change: 0.00000
Friction Factor: Abnormal Trading
No one will sell you shares at .08 until the person who is bidding to buy 50,000 shares gets filled. Even then there is no guarantee unless you by at the offer (.30).
Bid 50,000 at .10 and offered 2,500 at .30
When you can only sell and not buy this is not a huge surprise. But I have a feeling change is coming.
I doubt it as there is 50,000 bid at .10. Only 2,500 offered at .22 than it goes to .63
Will the 2013 year end financial statements ...
1. Continued to show year over year growth of over 100%?
2. Will the 5 year trend of expense / cost reduction continue?
3. Will the AWSL profit margins continue to beat other solar companies in the sector such as Canadian Solar, LDK, Sun Edison, and Suntech?
4. Will sales production per employee continue to dominate all publicly traded solar companies?
5. Will AWSL continue on its 4+ years of no dilution to shareholders?
6. With years of losses (mostly from AWSL's predecessor which gives the current negative book value ) be utilized as tax loss carry forwards which allow the company to book earnings without having to pay taxes, making these funds available for dividends or re-investment or even stock buy backs?
7 Will the account receivable still be in line with the accounts payable?
8. With the company's gross profits of over $1,000,000 per MW continue? Given the company's over 50 MW project in South America, this could equate to a dollar or so in earnings per share!
I too am very excited to see the next financial statement. I trust we will be impressed once again.
Wow with this much positive results it sure would be ripe for a big awareness campaign!
I am sorry, I thought by now you knew this is NOT an SEC reporting company. This is not audited. According to the OTCMarkets.com guidelines the CEO signs off on them. Did you see the "/s/ in front of Gilles Trahan? That means signed electronically.
Do you need more clarification, perhaps the guidelines posted? You can also do a google search on the difference between accountant and auditor.
Marry Christmas.
Help me. What is " the limit?"
I agree with you Saul. The company has truly made some major progress. All of which many said would never happen.
Strange. I see they have an accountant and that the last filing was a "quarterly filing". But I am sure OTCMarkets and AWSL are mistaken.
Latest Report Sep 30, 2013 Quarterly Report
http://www.otcmarkets.com/stock/AWSL/company-info
But than again I heard "they have no contracts", "they have no sales", "they will never build anything" etc etc etc. We see how correct that was also.
I know you already know this but I will share this for everyone else's benefit.
WHen the company was filing semi annually they would have filed the dec 31 by Jan 15 to keep current on OTCMarkets. However, as you know they filed a 3rd quarter statement and now file quarterly. This means the dec 31 statement is not due until the END OF MARCH.
Regarding the price and lack of trading (and no promotion), in the "SEC Vs Oppenheimer Securities" action the unintended consequence was a DTCC chill / lock. This has stopped people from being able to buy AWSL stock through almost all brokers that clear through DTC. Of course they allow to sell, go figure. So with no buyers yes this is no surprise. HOWEVER, I have heard from a reliable source this has been addressed and will be corrected momentarily.
With all the great news, a financial statement that we all expect to beat the results from last one and the DTCC issue sorted. It would seem like a perfect storm for an awareness campaign in the new year. DOesn't it?
One of my favourites from 2013…
Really? Failure? What is the bench mark you work from? I haven't seen a single small cap OTC company with this kind of great performance.
The company stated its desire to be a solar developer. What did it do...
* Aligned itself wit the 2nd largest real estate company in north America.
* Landed 20 new projects under OPA FIT 1.0 equating to 2.7 MW's.
* Quietly launch South AMerican operations.
* Landed a $150,000,000 58.43 MW deal with Ecuador's Electricity Council CONELEC.
* Garnered much praise related to the above, including from Bloomberg Energy Analyst. Just do a search on the company.
* According to municipal filings, had solar projects approved at airports in Ontario.
* Went from a start up with no sales to improved financial results year after year.
* Did not dilute the shareholders with new financings of common stock. Instead management invested into the company with Non- dilutive Preferred Shares.
* When the sales cycle slowed in Ontario due to OPA political issues, the Company cut costs dramatically cutting office rent from over $7,000 to $400.
* Management took the savings and revenues and it appears they secured deals, many deals. Then as the revenues started to roll they landed eve n bigger deals.
Lets review:
Sales highlights: : :
($2,700,000) 2010
($1,100,000) 2011
$1,880,000 2012
$1,550,000 6 months of 2013
This plus another estimated $7,000,000 in sales are attributed to only 2.7 MW's.
Ecuador's projects are 58.43 MW (yes more than 20 times more than the above).
No projections have been added for ANY other projects.
The past couple years management has actually reduced the issued and outstanding share count, the free trading share count and reduced the position in DTC. That must make some people upset and need to work overtime.
Wow thank you for that big post. So much dedication. Even on Christmas eve. Thank you for the 4 years of continuous dedication despite having "no financial interest in this stock".
Well we can see that post you quoted speaks for itself. AWSL has not done any diluting. In fact there is less shares outstanding than there was in 2009/ 2010.
We also see that AWSL news was correct and not misleading like you "quoted".
I find it interesting to see your choice in picking an example. Are you an AWSL shareholder?
I am not referring to only stocks under .05. One dat alone AWSL was shorted 680,000 shares over $4.00. So who was the short? WIth about 15% of trading days, volume was 100% short sales. Most days it trades it is between 25 to 70% short. Again if you can't short who is doing this. These short statistics are right from RegSHO / FINRA.
While your friend the market maker might be honest. You really think he speaks for all market makers? Let me guess you also think government is honest and no corruption exists.
You will not have to wait for next Christmas. Does it not seem like the company is sitting on good news? Do you not think they could have milked 12 PR's out of the portfolio 101 construction? There is so much that according to timing should be available to talk about. There is usually only one reason a company sits 'banking' good PR's.
With the filing of Q3 recently, I would not hold your breath for some magical filing on Jan 15. It is not due until the end of March. I am sure they will file long before but the Jan 15 discussion was only based on the company filing "semi-annual" with the company now filing quarterly I am not sure if they will make an urgent priority to file in 2 weeks after the period end date.
Merry Christmas everyone!
I hear Sam Kan is still doing auditing. But not for public companies.
While Kan did the Atlantic 2007-2009 audits they did not get filed with the SEC as AWSL management pulled the public offering. Looks like it was for the better. As the company is not an SEC reporter no filing of registration etc required/
You're welcome. Don't get me wrong I would like to see the price higher now too! I just understand the reasoning and strategy of not doing a big promo yet. December usually bring tax loss selling. I am actually surprised there is so little selling. I think that is why the bid is so low. People are hoping / expecting selling and trying to buy as cheap as possible.
Have a great weekend.
I agree apprentice. Have a great weekend!
Yes you are right. I am glad you pointed that out! I too am thrilled that management did not go ahead with a public offering diluting all the shareholders. Instead management lent money to the company. A NON dilutive loan that carries 12% interest.
So still only 44+ mill shares issued after all these years. If nothing else shareholders must be please with that. So even know the intro points out that the authorized is 500 mill a number of times. (in big hold red) they haven't even made it to 45 mill in years!!!
The auditor must be different from the accountant. Otherwise an audit would not be independent.
Really? Let look at this PR:
Sam Kan & Company, Atlantic's SEC approved financial auditor, has completed the company's SEC financial audit. Due to the reverse takeover of the original public company, Environmental Technologies (EMTI), it was necessary to audit the stockholders' equity dating from 2009 back to 1977.??
Atlantic Wind & Solar CEO, Mr. Pierre Cousin expresses "On behalf of the entire Atlantic team, I would like to thank all shareholders for their patience while waiting for the audit to be achieved, and would also like to thank accountant Sam Kan and his staff for their dedication in completing this lengthy task. Although the audit took a considerable amount of time, the timing is perfectly in sync with several turning points in our operations."??
From the PR:
http://www.atlanticwindandsolar.com/news-61.html
I recall reading numerous times here to email the company for a copy of it if you want it so bad. Funny it appears no one did.
So now you assert the company did not pay the accounting or audit fees? LOL
The one thing you were right in stating was that...
"I have no special insight on the company"
This company will never get a contract.
This company will never have sales
There is no OPA contracts
No projects will ever be built
Since it must have been forgotten, I will remind readers that the margins fluctuate on a monthly and or quarterly basis. I thought we all understood this. As a reminder these are not one time sales of widgets. These are large utility scale power plants and sales are reported on a percentage of progress basis. At the end of the sales cycle, "COD" the adjustments are made similar to real estate usual adjustments on closing.
Further, why are you expecting financials on Jan 15 when they are not required to be filed until the end of March?
I am delighted with the sales growth.. Considering the predictions I would think most are.
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
These financials and the incredible sales growth and increased profitability speaks volumes. Can you imagine if there was the same intensity at promoting this instead of the opposite?
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
But I guess we should keep talking about 2009.
Happy Hannukah! It will be 79,000 years until Hannukah and Thanks Giving fall on the same day again. Hopefully the shorts have covered and moved on by then.
A quick look at Atlantic Wind & Solar Inc. AWSL sales growth...
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
Happy Thanksgiving everyone!!!!
I agree with you Saul. I like the sales growth and I too believe it is going to continue!
Hello Saul, you mean you are not concerned with the sales growth? With sales doubling year over year you are not concerned? I am pretty happy about it also.
Much of these sales are attributed to ongoing construction roll out. I might suggest reading the notes to the financials and the press releases.
Does anyone have an idea of a good comparable of what we can compare AWSL to?
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
You are concerned that "margins are all over the place". I am not surprised since the majority of the projects are under construction. Regardless, the margins are VERY healthy. But as I always ask, what is this being compared to?
You are right. The trend is our friend!
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
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
Guys, while a $41 down print is good news, we need selling. Real sales. We can never cover like this.
I see they are current. They did not lose this status as you predicted. Please post or PM me any other ideas on how to get people to sell there shares. Time is running out.
Yet the 179 share selloff is underway. That is a $41 sale. I am concerned Gilda, how are we going to get more selling to come in? We need sales. How can we cover at this rate?
Wow in that case everyone should just sell. Everyone should ignore that the company sales and profitability is growing at an amazing rate. We should ignore that the fact the below sales are representative of about 10% of the company's FIT approved contracts. We should also ignore that the company continues to keep landing new contracts.
EVERYONE SELL! Its over. Nothing to see here. Just sell and move on. I am, now that I have been made to see the light. Join me.
Atlantic Wind & Solar Inc. "AWSL"
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
As well as " this company will never build anything", "no OPA Contracts", "the picture of AWSL CEO with Ecuador officials is fake". "Sub penny" "will be halted" yes we remember all of them!
Brilliant post Red. One of the best yet!
It might have "clearly stated 3 months ending" but the file report name of "mid Year Report" and the period report type on OTCMarkets was for 6 months ending. Also all the notes and management discussion was pretty clear it was for 6 months. WIth the switch in the past week from semi annual to quarterly reporting I do not see this as even close to material.
Bottom line is if you are a shareholder and you think the trend as clearly laid out below is bad, I strongly suggest you sell your position and move on to a new stock. As for Gilda, you have been here over 4 years every day and state you have no financial interest. Why don't you go short on it if you think the trend is not great?
Yes Saul, the 9 months of sales in 2013 is 50% more than all of 2012.
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
I think the share price will take care of itself in the new year with earnings booked and Ecuador underway. It is also worth noting that no advertising or awareness has been conducted. I have a feeling this will change in the new year when there is earning to point to.
Regarding retiring preferred shares, even if AWSL gets only .50 watt for the 50 MW's over the next year or two than we are talking $25 million in earnings. Or 5 times the amount of preferred shares.
As a comparison Atlantic states they are getting paid over $1.25 watt in FIT 1.0 and over .80 watt for FIT 2.0
Good to see you back on the board. Take care.
Even the most basic person in the industry knows the receivables get paid at COD. COmmercial Operation Date.
With construction well underway. that means even better times are about to roll.
And yes Saul, the 9 months of sales in 2013 is more than 50% higher than all of 2012.