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Wow that is an "interesting" perspective.
Let me shed some light on this.
Company intends to retire these pref shares within 24 months. This will be accomplished through a refinance at much better rates, repaying through earning from FIT 1.0, 2.0, 3.0. and Ecuador and or other deals not yet announced. This has always been management's intent and. Further it is abundantly confident on its ability to do so. *By the way this does not even come close to the $10 million figure you stated.
By now I am guessing shareholders believe this is more than just possible. After all the track record of predictions ie "insolvent" or statements like "stick a fork in it. This thing is done"."out of business", "management took the money and ran". "lets face it, the elephant in the room is the going concern disclaimer". In fact we can go back years to NO OPA applications, NO OPA contracts... I could go on for hours.
But time and time again, management proved these statements to be false.
I don't expect anyone can really answer this, unless the naked shorts are going to come clean and let you know. The fact they are "naked" means they are not doing it legally. This is why in my opinion, that the short position does not seem to go up despite all the days you have seen high amounts of short trades. Take Friday for example. It appears the offer at .3199 is a short offer:
Here is your Buyins.net RegSHO Compliance Alert for August 2nd, 2013. 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: 249
Daily Short Volume: 249
Avg. Price of Shorts Today: 0.320
Short %: 100.00
Volume at Offer: 249
Buy%: 100.000
Volume at Bid: 0
Sell%: 0.000
Shares Crossed: 0.000
Cross%: 0.000
Net Buying vs. Selling: 249
Price Change: 0.09990
Friction Factor: 24.92492492
The above data is used to calculate if a fair market is being made in the shares of AWSL. Friction Factor determines if there is normal or abnormal behavior in the price action of the stock when compared to the buying vs. selling trading statistics. Today, your Friction Factor was 24.92492492. Here is how to understand Friction Factor:
AGreed. But we are talking about SHort and Distort on this forum. Many Pump an dump forums exist to discuss that. I wish the short seller truly had to report the naked position. I wish the basher, distortion artists, propaganda spreading people would disclose in the 1,000's of posts they make that they have a financial interest in the stock. ie. have a short position or are paid to clutter message boards with negative views. But the good thing is when the real companies emerge very successful the S&D shysters usually get destroyed by the losses. It makes them think twice about doing it again/
I would classify the difference is "value trade" not "momentum trade".
I look at how 2.7 MW's has taken the company from no sales, and a loss of $2,700,000 in 2010 to $1,880,000.00 in sales in 2012. Followed by $1,600,000+ in sales for the 1st 6 months of 2013, together with the remaining $8,000,000 projected this year by management. Then I wonder what will the other projects such as over 50 MW's in Ecuador, FIT 2.0, FIT 3.0 and other projects in the pipeline add to this..
In short I see a MUCH different perspective on value. Where there is value, there will come interest.
Wow. That is amazing. I wonder what a couple hundred thousand dollars of buying would do.
Hopefully the company can get the attention of large traders now that it has been upgraded.
Sorry, I thought you have seen these. This is from the same place the "short selling data" was taken from to be posted here. Here is the link:
http://www.otcmarkets.com/stock/AWSL/filings
You can find the past couple financial reports. Let me know if you have any questions.
I am not sure who the "strong buys" are, but if you mean the supporters or longs in the AWSL stock, I would guess they have already placed their bet. Most people including myself, cannot buy a stock every day to show support. Nor should they. One should only buy a stock (whatever security it may be) if they can afford to (and afford to loose some or all of it), and at a price they are comfortable adding to the position,
Now it is time for the company's continued success to get noticed. In my personal belief, this should start soon. Especially after today significant upgrading in the trading status and tier.
As for the "millions and millions of naked shorts", rest assured I have not forgotten. Short sales eventually have to be repurchased.
To the contrary, I think the short selling has stopped for the moment. IMO, Nearly all the sales in the past few months have been short sales. So when the shorts are not hitting the bids the volume slows down. But the short sales will be bought back again before the fail to deliver reports are issued. So hang tight. It is coming I believe.
For those who are not familiar with this, it means No more STOP SIGN, NO more warnings citing all the reasons that the stop sign may be there.
The company has supplied relevant information as to the company and its financials to have the warning removed.
It also allows people to buy and sell the security with a much larger group of brokers and investment houses. A number of firms will not allow a person to trade in a security with the STOP. Or at least they will give extensive warnings and recommend they rethink the desire to invest.
This is good news for all.
Nice to see AWSL had a Tier Upgrade on OTCMarkets.com
No more stop sign or warnings. They even show the AWS logo.
Yes the 500 share print at .22 to make the stock close down was a short sale. For the record, shorting is only legal on the offer.
http://otcshortreport.com/index.php?index=awsl&action=view#.Ufr6WRbqoqZ
Historical Short Selling Data For AWSL
Date VolShorted High Low Close Chg ShortVol RegularVol
Aug 01 36.82% 0.32 0.22 0.22 -29.03% 500 1,358
Jul 31 84.32% 0.32 0.22 0.31 +47.62% 3,000 3,558
Jul 30 7.69% 0.25 0.21 0.21 -4.55% 500 6,503
Jul 29 0% 0.25 0.22 0.22 -12.00% 0 2,400
Jul 26 0% 0.25 0.25 0.25 -16.67% 0 1,400
Jul 25 1.94% 0.30 0.18 0.30 -3.23% 222 11,472
Jul 24 17.96% 0.31 0.22 0.31 +29.17% 2,315 12,887
Jul 23 0% 0.24 0.24 0.24 -22.58% 0 100
Jul 22 100.00% 0.31 0.31 0.31 0.00% 1,200 1,200
Jul 19 12.90% 0.31 0.24 0.31 +3.33% 538 4,172
Jul 18 77.24% 0.32 0.30 0.30 -6.25% 2,141 2,772
Jul 17 0% 0.32 0.32 0.32 0.00% 0 0
Jul 16 100.00% 0.32 0.32 0.32 +39.13% 8,460 8,460
Jul 15 50.70% 0.32 0.22 0.23 -28.13% 400 789
Jul 12 48.97% 0.32 0.22 0.32 +3.23% 2,100 4,288
Nice 500 share "print" at .22. I noticed the bid size did not reduce by 500 shares,. Meaning it was a short or a cross.
Any guesses on why someone would do this?
Please tell us what has been removed.
This is completely untrue statement.
Here is the link to the full report:
http://www.otcmarkets.com/financialReportViewer?symbol=AWSL&id=108837
Did you read the report? What I posted was an excerpt from the MD&A.
Everything that was in the last report is in this report using the Generally accepted accounting principals. US GAAP.
Report located at:
http://www.otcmarkets.com/financialReportViewer?symbol=AWSL&id=108837
Financial report for first 6 months of 2013:
Management Discussion and Analysis of Operations and Financial Condition in Brief
Management at Atlantic is very pleased with the six months covered by the attached financial statements. The company continues to trend towards increased profitability.
Assets increased to over $2.5 million in the 1st half year versus $1.5 million for the full year of 2012. Liabilities, of course, increased in parallel. These are signs of the growth spurt the Company has been anticipating for some time. Mid-year revenues of $1.4 million represent almost 90% of the revenues for the full year of 2012 at $1.6 million. And expenses have remained low and manageable at approximately $1 million per year.
The over $3.3 million in sales over the past 12 months represent less than half of of the Ontario F-I-T 1.0 (2.7 MW) projects. . Ecuador numbers have yet to be included.
Stock dilution in the first half of 2013 was at 0%, which is to say that no new shares were issued, as has been policy for the past few years.
Finally, in Management’s opinion, the removal of the accounting standard “Going Concern” disclosure is a welcomed step. While this has not concerned the Company itself in the past, given the long tern vision, Management is aware that such a clause can be seen to cause concern elsewhere. 2012 marked the first year of revenues. With the growth in revenues, receivables, and cash flow in the first half of 2013 the Company’s accounting firm obviously felt the clause no longer applied. Management, of course, agrees.
A great link for a couple classic S&D attacks.
http://thelongofiles.blogspot.ca
Here is one of the stories on the lol "whistle blower:"
Investigative Journalism or Stock Market Manipulation; A Look at TheStreetSweeper.org
I first became aware of the StreetSweeper.org back in October 2009 after a solar company I was following was attacked in a 3 part series by the site and its writer Melissa Davis.
The first article attacking Atlantic Wind & Solar Inc. (AWSL) which came out the day after the company’s shares not only hit a record high of $4.84 per share but, the same day also recorded the single largest short sales of the stock. Actually representing more then 60% of all the shares traded. Meaning more then half of the shares sold were ‘phantom shares’.
While short sales are legal if you first borrow the underlying shares before entering the sale, thus ensuring the true balance of supply and demand remains in tact. Meaning you can’t sell more shares then actually exists. The share borrower, if they do it legally, would also pay a small fee to the lender of the shares.
This in contrast was a ‘naked short’. This is not legal. In fact what they are doing is selling shares that do not exist, taking money from some legitimate investor and not delivering any shares to the investor. Selling ‘phantom shares’.
Not only is this illegal but is very risky financially if you cannot buy the shares back or borrow them in time. As they can be forced to repurchase them at even higher prices. They are required to deliver the shares within 3 days. As reported by FINRA (Financial Industry National Regulation Association) the ‘phantom shares were undeliverable for months. Meaning day after day they continued to sell shares they did not own dumping more ‘phantom’ shares in the market and thus destroying the true balance of supply and demand. According to the reported by Buyins.net there was more the 2,100,000 of these shares sold.
While these short sellers were continuing their illegal practice a very dramatic change was about to appear in the public perception of Atlantic Wind & Solar and its management including Chairman, Gilles Trahan. Up until this point they were the darlings of the internet chat rooms and forums and seemingly every news letter writer were talking favorably about them and their future.
The Dramatic Change
The night before the first article by Davis of TheStreetSweeper, in a wave unlike anything I have ever seen before, a mass mobbing of all internet forums most notably investorshub.com (iHub) and Yahoo Finance were swarmed with new posters all attacking the management and the company.
Every deal was attacked stating they were fictional. The; what I would call; negative bashers would say they have contacted the companies mentioned in all the press releases and that they were told they have never heard of Atlantic. Every single positive post was overwhelmingly attacked as a scam. Posters would post contact information and links to the S.E.C. and F.B.I. to report this fraud. People who posted anything positive would be attacked as being a co-conspirator and that they too would be reported.
The following morning the infamous StreetSweeper article came out. The message boards grew even more active and the stock took a nose-dive. I have to admit I was pulled into this and I too was happy I did not invest in this, as there seemed to really be something to this StreetSweeper story. However shortly after I was alerted to an article on a new form of market manipulation that until this time I did not know existed. The term was “short and distort”. Simply I was in total shock of what I read and began investigated this further..
Short & Distort
In the first article I read on the subject, was on Investopedia. In it the following section jumped out giving me a very sinking feeling in my stomach as it was way too familiar:
“The S&D (short & distort) shysters try to profit by stimulating fear, but this only works if they have credibility. As such, when working online they will often use screen names and email addresses that imply that they are associated with the SEC or the Financial Industry Regulatory Authority (FINRA) (formerly the National Association of Securities Dealers), or that they can regularly spot worthless stocks. Their goal is to convince investors that every proponent of the stock has ties to the company and that the SEC is watching and will halt the stock. S&Ds also intimate that they are looking out for investors' interests.
S&D players clutter message boards, so optimistic information cannot easily be found. "Get out before it all comes crashing down" and "Investors who wish to enter a class action lawsuit can contact…" are typical posts, as are their projections of $0 stock prices and 100% losses. If their strategy is suspected by "longs", they attack the person who has caught them. In other words, the market manipulator will do everything in his or her power to keep buyers out of the stock and keep the price heading south.” ... to read the full article.”
Incredibly, not only was this vaguely familiar but this sounded like the handbook that was used against this very company. While these tactic still continue to this day, although we have not seen any articles from the Streetsweeper.org since early 2010 the same negative warnings that the stock is going to be halted by the S.E.C., stand up for your rights and sue these scumbag thieves and statements continue to be posted by the same members sometimes as much as 20 times a day by the same person. I also noticed that all messages on investorshub.com that challenged the bashers and offer rebuttals seemed to be deleted within minutes yet one single basher has made over 10,000 posts. As a test, I placed a message on the forum highlighting some positive news and challenging some of the naysayers. Within minutes I received private messages from a couple of the bashes threatening to disclose me and ask me about the sexual acts I performed with the company’s CEO. Clearly I was mot welcome. Upon reporting it to the site administration they told me to simply click ignore.
Although the stock continues to trade and no action has been taken by the S.E.C. or any other regulators. The fact is the manipulators have won, so far. There efforts have been rewarded. Scaring off any new buyers they have had tremendous success as the stock trades under $0.40 now. Although 2 stock dividends have been issued, so each shareholders has 50% more shares then when he started, this is of little consequence to the investors who bought ‘phantom shares’ from the short seller at over $4.00 a share.
The People Behind TheStreetSweeper.org and Now it Gets Interesting
In a January 9, 2012, Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) issued a press release responding to a StreetSweeper article written about them, and they had this to say about the article and website.
Questcor has been unable to determine the exact nature of StreetSweeper.org, its ownership structure, or its revenue sources. The website, www.thestreetsweeper.org, provides no information on these topics, and standard listings about it are limited and opaque. Based on our examination to date, we believe that the website lists people that it claims are associated with it, one of whom the website and media reports identify as a felon who pled guilty to two conspiracy charges – for securities fraud and money laundering – and who later pled guilty to racketeering charges related to stock manipulation, another of whom has the same name as an individual who, according to media reports, was arrested recently for kidnapping and extortion, and another of whom has the same name as an individual who, according to media reports, has been involved in extensive litigation regarding fraud, defamation, and slander. The exact nature of the relationships between these individuals and StreetSweeper.org is unclear. It is also unclear whether the website’s purpose is journalistic or to further the economic interests of short sellers without regard to accuracy (a practice referred to as “short and distort”). Read the whole PR.
Calling a Spade a Spade
Redchip.com was a little ore direct with their headline entitled Melissa Davis of StreetSweeper: In Bed with Short Sellers and Convicted Felons. Read more
Another company striking back at the StreetSweeper is Gold Resources Corp. Read Press Release.
The Destruction of Small Business in America
How many people had to sell stock losing their savings because one or two individuals think it is ok to purposefully manipulate investors into selling so they can make money? How is this any less corrupt than the Enron management or any other securities violation or crime? In fact some might argue this is even more destructive to America as it is preying upon the small business and trying to force them to go under. By driving down the stock and spreading false rumors the Company is unlikely to raise more money to fuel their growth and with more and more people and companies turning to the internet for researching a company to do business with, this also can slow sales dramatically causing not only a reduction of employee hirings but usually mass layoffs.
Sign a petition against this short & distort manipulation.
http://www.petitiononline.com/mrktrfrm/petition.html
Great post. Unfortunately the distortion artist, unlike promoters or "pumpers" does not have to disclose his short position or the fact that he/ she was paid to discredit the company and clutter up the boards with only negativity.
This makes for a very un level playing field. You have to ask yourself, "why is this person dedicating so much time to talking about this company or stock if they have no interest in it.
Red flags are numerous posts and obvious dedication and time. As we all know if you are not interested in a stock you just move on. Unless you are taking a short position or being paid to spread propaganda.
I have to admit I feel the same way about it.
Thanks for the support Sinful!
Today's trading was 84.23% short sales.
Take a look...
http://otcshortreport.com/index.php?index=awsl&action=view#.UfmaORbqoqY
From Wikipedia
"Short and distort" is a type of securities fraud in which Internet investors short sell a stock and then spread negative rumors about the company in an attempt to drive down stock prices.[1][2] Cell phones and text-based messaging are the primary tools for the people committing "short and distort" as they tend to hide the source of the information.[citation needed]
It is often performed as a form of naked short selling in which stock is sold without being borrowed and without any intent to borrow.[3][4] Once the stock price has declined, the investor uses the proceeds of the initial sale to buy a larger number of the company's shares than sold originally. Some of the newly purchased stock is used to fulfill the short-selling contract; the remaining shares are then offered for sale, which causes an additional decline in the company's share price.
During the takeover of The Bear Stearns Companies by J.P. Morgan Chase in March 2008, reports swirled that short sellers were spreading rumors to drive down Bear Stearns' share price.[5] United States Senator Christopher Dodd said this was more than rumors and said, "This is about collusion."[6] Chase was victimized by a similar "short and distort" scheme six years earlier when rumors arose about its purported relationship with Enron.[7]
Here it is right from the press release.
The projects' total cost will be approximately USD 150 million with Phase 1, in the town of Lagarto about 70 kilometres from the city of Esmeraldas, constituting roughly half of this. The combined Phases will be larger than any currently operational PV power plant in South America.
Atlantic's Chairman and CEO Gilles Trahan comments, "In addition to the recent approval of our first 58.43 MW of projects in Ecuador, Atlantic remains committed to advancing an additional 181 MW of projects, previously applied for under CONELEC's FIT program beginning in 2011." Trahan continued "In preparation for the commencement of Ecuador's FIT, the Company began forming strategic alliances with anticipation of expanding operations into South America in late 2010. Identifying new emerging markets early while strategically positioning ourselves accordingly is the Company's model for rapid, sustainable growth."
Please allow me to correct these claims.
"As of December 31, 2012:
1. Negative working capital "
The company had Approx. $95,000 in cash, as well as over $1,000,000 in receivables. Additionally the company has commitments from Sr. management to provide more working capital if required. The over $2,000,000 in cash already provided during the startup years evidences the ability.
"2. Negative shareholders' equity (deficiency) "
This company was incorporated in 1977 and as such has incurred considerable losses over the years. Still the majority of the losses were from a one time write down of R&D. This is reversing with the sales and earning we have started to book. Regardless this has no negative affect on the share trading value. In fact these losses allow us to offset the income taxes we would have otherwise had to start paying this year.
"3. No positive cash flow from operating activities "
Compared to losses of:
$2,700,000 on no sales in 2010,
$1,100,000 loss on no sales in 2011
$300,000 loss on sales of over $1,800,000 sales in 2012.
As stated in the report we have another $10,000,000 to report on our FIT 1.0 alone, I think we have addressed this is no longer in a start up operating loss mode.
"4. No positive net book value per common share "
While I wonder your methodology on this but it is irrelevance. See all my other points.
"5. No audited financials (that we can see)"
AWSL is a non SEC reporting issuer. As such, no requirement to do so. At this point the money is better spent on building the business not auditor fees.
"6. No equipment that isn't fully depreciated"
Yes management is proud of this.
"7. No capitalized construction costs"
Please see allowance for accounts payable.
"8. No quarterly financial reporting"
AWSL, as reported on OTCMarkets.com reports semi-annually.
"9. No pending S-1 filing coming our way"
Correct. Again something we are very proud of. The company was able to not only survive but prosper landing over 25 times more MW's of PPA then was accomplished in FIT 1.0. All this without filing an S-1 to register new shares.
"10. No uplisting..."
Correct. As of Dec 31, 2012 and even today, AWSL trades on the OTC. However, this will be the first year the company can qualify to trade on a more prestigious exchange.
"However, AWSL does have a "going concern" qualifier in their 2012 Annual Report. Going, going, concern!!! "
My expectation... Gone. The accountant would not allow a company to remove a going concern statement on the very first report with sales.
"Sentiment: "Strong Buy" or two-bit hustle, you be the judge. "
I will not be giving a trading recommendation on this security. But it is clear someone has been busy trying to "hustle" people. That seems apparent to all.
Ladies and gentlemen, it is my pleasure to come to this board and try to ensure that blatantly incorrect statements are addressed appropriately. By way of introduction, let me start with the recent:
Chairman’s Address to Shareholders
... 2012 was a banner year for Atlantic Wind and Solar.
Atlantic set Company records in project development, in revenue recognition, in the securing of Power Purchase Agreements (PPAs), and in the submission of applications for future projects, all while decreasing expenses and improving productivity.
Atlantic, in 2012, recorded $1,886,415 in revenue attributed to the initial work on its approximately 3 MWp of Feed-In-Tariff contracts (FIT) in Ontario, Canada. Approximately $10.6 million in additional revenues are expected to be recorded in 2013 for the balance of work on these projects.
Despite the significance of these first revenues for the company this was overshadowed by the company securing more than 50 MW’s of future Power Purchase Agreements, a 20 fold increase . These extremely significant milestones have clearly established this as a pivotal and banner year for the company and its stakeholders.
A Bird in the Hand: Ontario FIT 1.0 Solar Projects
While the Company has received some, and awaits other, final grid connection approval dates (the Notice to Proceed or NTP) on these projects shareholders may be pleased to know that the Company has entered into agreements to build projects as turn key operations. These agreements are reflected in the Accounts Receivable of the attached financial statements. The bulk of the revenues will be recorded in 2013 in conjunction with the construction time lines.
A Window of Opportunity: FIT 2.0 Solar Projects
The Ontario Power Authority (OPA) timestamps on Atlantic's original applications start in December 2010 and all fall inside of 2011 which potentially qualifies them for expedited approval as part of revised FIT 2.0 program - the resubmission window for which was opened briefly from Dec 14, 2012 to Jan 18, 2013 . The Company remains optimistic that these past efforts, plus future ones, will yield further rewards in the Ontario solar market. Ontario remains a market in which Atlantic will keep active. Atlantic submitted 28 applications for this round of projects during the brief time the window was open.
?????????????A Brand New Place in the Sun
In late 2011, the Company quietly launched operations in South America. The new division focused on the development of large scale, greenfield, ground mount solar projects and made exceptional progress resulting in the issuance of two twenty-five megawatt PPAs at the December 27th, 2012 Board Meeting of Consejo Nacional de Electricidad (“CONELEC”) in Quito, Ecuador.
The signing of the initial 20 MW AC Enabling title represents Phase One of the company’s 58.43 MW DC of power plant projects in the province of Esmeraldas, Ecuador. The recording of revenues on these projects is expected to begin in late 2013.
A New News Strategy
In the past the Company released timely press releases via Newswire, the results of which in part have been disrupted by bureaucratic delays in the PPA process and other situational contingencies. However arguably the biggest disruption in Company operations have the been actions, probably best described as tortious interference, of anonymous short sellers of the Company’s stock. The Company is making efforts to unearth the identity of these people or companies who generally hide for legal reasons.
Since the change of Management in early 2011, we broke from prior policy opting to not announce forward looking news and electing to remain quiet before reporting certain strategies and milestones, believing this new approach would reduce expectations regarding elements outside the company's control, such as timing. The Company intends to continue this strategy of not reporting news until major milestones have been completed.
Exiting a Troubling Time
2009 seemed to herald the swift rise of Atlantic and almost any other company entering the Ontario market at the time. Stock prices for renewable energy companies chasing FIT 1.0 soared to levels of “irrational exuberance” - price levels companies have yet, so far, to see again in most cases. Such price spikes attract attention. At the height of this Ontario renewable energy bubble Atlantic seemed to come under attack from many directions. A number of articles appeared accusing and/or condemning the Company and/or its management of some practice or another. Many of the articles were originally published,
and remain in circulation, without a publication date, often an indiction of spurious reporting and suggesting interference by the anonymous short sellers cited above.
There is little doubt that this negative attention cost the Company opportunities. Deals were lost, acquisitions thwarted, fundings pulled, and other such set backs likely occurred to the benefit of detractors and the chagrin of Atlantic management and supporters.
The good news is that the Company emerged stronger, leaner, and led, once again, by the original core management group driven by the original core vision.
While the company had hoped to complete a public offering in the 2010 to 2012 period the company has since chosen to postpone it indefinitely. One reason behind the decision is management’s belief that the market would not be receptive to a new offering at this time. A second reason is the Board's determination that at the current share price any offering would be more dilutive to shareholders than any raised funds would be worth in added shareholder value.
Thirdly, having finalized its path in Ontario and secured future projects in Ecuador, Atlantic is now in a position to grow without the need for additional capital. Atlantic will continue on its path toward up-listing to a more regulated market such as the NASDAQ, TSX or NYSE but now likely can do so without, to the benefit of existing shareholders, the issuance of new shares.
A Banner Year
Management expresses its deep appreciation to its suppliers, affiliates, consultants, and co-workers, with a special thanks to its new Ecuadorian additions, plus all stakeholders as it looks forward to continuing to complete existing projects while striking swiftly at new opportunities in the Renewable Energy sector when and where they arise.
Sincerely,
Gilles A. Trahan Chairman
Gilles Trahan was right after all about the Streetsweeper article.
He also said some great things are in works for the companies but cannot discuss them in advance as it seems the companies they announce in PR's get harassed saying they are dealing with a scam pump & dump company.
I recall him saying he will never put out news until a point has been reached that there is not even a .001 % chance the deal can get screwed up.
I think he is smarter then some here are giving him credit for. I have to admit I am feeling much better about the companies and management now. I did always beleive him but when you keep reading negativity you can't help but wonder.
GO MEVT GO!
Yes it is. Streetsweeper.org did a 3 part article on MEVT and the other company Gilles Trahan was Chairman of AWSL.
He and people close to him always stated that the articles foolish and non factual. He also admitted to me that he thought that he was very disappointed in the fact it worked driving the price of MEVT and AWSL way down.
He also said they use other tactics but they cannot be posted here as it would violate the TOU.
Here is the list of the owners of the Streetsweeoer.org. They were criminally convicted as well as charged by the SEC.
http://sec.gov/litigation/aljdec/id290bpm.htm
It appears Gilles Trahan, former chairman and interim CEO was right when he said the articles were completely false and misleading. He was right about the truth finally coming out some day.
It sure is. So the people here that have been squashed so many times for pointing out this appears to have been a Short & Distort seemed to be right after all.
This link helps you understand what people like Thestreetsweeper.com WHO WROTE A PIECE ON MEVT actually do.
http://www.investopedia.com/articles/analyst/030102.asp#axzz1wHXitXGv.
BRILLIANT analysis! I have to admit your research and chart posting is the best I have seen.
To add to your point, The history: (it sums up a lot of whats said here)
"AWS will NEVER get contracts". oopps .
"AWSL does not have contracts". oopps
"AWSL did not do the paperwork". oopps
"AWSL did not pay the required deposits". oopps
See the trend? All truth eventually comes out.
I guess no one is willing to share any proof as we and others have both been requesting.
Who are you asking to show you all this? Let me know if you get answers to these.
As for me I couldn't care less about all the long list of things that are irrelevant like the S-1, the PM's and whispers etc.
All I care about is seeing the projects built and how much the company makes during or after the process. I am sure that financials will tell all this.
I know that is not going to happen in the next few weeks so I will reserve judgment until then.
The history: (it sums up a lot of whats said here)
"AWS will NEVER get contracts". oopps .
"AWSL does not have contracts". oopps
"AWSL did not do the paperwork". oopps
"AWSL did not pay the required deposits". oopps
See the trend? All truth eventually comes out.
Seems like this information seems to have gone by the wayside... just to clarify some of the debate on financing..
http://www.mmdnewswire.com/atlantic-wind-and-solar-60119.html
August 19, 2011 - - ATLANTIC WIND & SOLAR INC (PINK: AWSL) is pleased to report that it has paid the required completion and performance security on all Twenty (20) of its Capacity Allocation Exempt (CAE), utility scale photovoltaic projects to the Ontario Power Authority (OPA).
All 20 of its approved solar projects are now undergoing Connection Impact Assessments (CIA), to insure proper grid connection. Construction dates for the initial projects will be announced once the CIA is competed and the Notice to Proceed (NTP) is received.
Still waiting to see even one PR that is a lie.
I must of missed something. Where can I see some of the work from this paid promotor.
Have a great weekend everyone!
Great post Meme. Thank you.
The history:
"AWS will NEVER get contracts". oopps .
"AWSL does not have contracts". popps
"AWSL did not do the paperwork". oopps
"AWSL did not pay the required deposits". oopps
See the trend? All truth eventually comes out.
Waivers are ONLY granted to OPA FIT contract Holders.
To hold a contract you must first:
apply
get offered a contract
Execute and return with a certified cheque the amount required for deposit.
THEN and only then is the holder eligible to have a signed waiver of NTP cancellation.
Since every step above has been done I am not sure what this issue is.
I HAVE been to the solar shows in Canada.
I HAVE attend the key note speakers such as the countries largest OPA law firm Aird & Barlis speaking at these shows.
I am a Real investor and do REAL due diligence.
I did. I read it clearly. I also spoke with people there as well as lawyers specializing in the OPA process.
I suggest you read: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75931752