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Unless a trader has a "Borrow" from another broker or clearing firm. Meaning someone who has shares in their account and the broker lends the position for a fee (that the client only receives a tiny portion of).. With these new borrowed shares they can short all the want against that position without the 3 day window to deliver being an issue.
But it sucks when the volume dries up for the shorter. Even with the price down and that getting their margin requires not so high, they KNOW they still have to cover. But there is no significant selling.
Og I was a short I would not be happy.
Not forever. ;)
Seasons change...
Short interest listed was only the "failed to deliver". It is likely they have obtained the borrow. Thats the problem when shareholders don't request the shares be "seggregated". Or the clearing firm is not giving failed to deliver flags.
Time will settle this.
Sorry to hear that. At least they are trying to get you top dollar! Like I said before I REALLY HOPE for the shareholders sake that they file whatever they have to to get this trading again. But with no news or updates on the matter from the company, I just don't get that warm comfy feeling.
I stopped believing all this negativity that I used to at least give the benefit of the doubt to. I am sure I am not alone..
I see the same negative statements containing no facts or basis for reality but pure innuendoes were made every single day and many times a day. With everything in life, do your homework on the source. Is it credible? Do they gain from it being true or false?
This board welcomes some insight, discussion analysis. Not just the same negativity without any basis of facts.
AWSL challenges
If you trace back the statements and questions every single positive thing if it is still here, was not or not only challenged but outright called a lie, scam or PUMP. First it is they didn't have certain clients and channel partners. Then once the negative rumours were proven false they moved on to the next one. Then no OPA applications in. Then the next one, no contracts. Then no financing, then no paperwork, then no lease, then no ability to connect their projects to the electric grid. Every time each negative statememt was proven to be a lie a new dark cloud starts on a new topic.
IMO the great news here is that this has obviously been oversold and still has not been covered.
I did. But some are not looking for the truth.
Although this things sound like it had some promise I doubt very much this will ever trade again. i.e.. with a reflected bid and ask.
If it is not trading by the end of the year I suggest you low offer until it gets filled. Perhaps it will be .001 who knows. But you need to make the sale to get your tax loss.
FOr everyone here I home I am wrong.
Good luck everyone.
The dividend will not help the shorts either. Apple IS the technology leager and the stock will continue to reflect it.
Calls and emails have always been answered. Since you kept repeatedly saying "Bay Street offices closed" so many times I thought you must have known something I didn't.
So clearly no benefit of the doubt should be given. This is why it is so important to find facts not just listen to negative rumours.
Time from OPA contract offer to contract is 2 to 4 months alone. No need to go any further as I only like to deal in logic and facts. Something I am having a hard time finding here.
I didm't know the Bay Street office expense was required to convert their applications to contracts. Please tell us more. lol. I am actually happy that they shut down there expensive offices while the OPA went to sleep I am sure that saves $10,000 to $20,000 a month.
Ask former CTO Thomas Cleland how his 2 MW solar farm is going instead for some valuable insight.
If Cousin signed an agreement with a US investor to support all the contracts why didn't he build the projects and why didn't he pay himself and his expenses?
This stinks. It seems like this is an extortion law suit to get the Company to settle with him. I guess he didn't realize they is already enough negative stuff posted here and perhaps elsewhere that it does not really make that much difference. I also bet he didn't think the table would be turned and he would find himself under a microscope.
I hope AWSL management brings his lies to the public, the courts, Atlantic and its shareholders and very likely Bella Energy to the limelight.
Emray,, the RED font was missing in the re-post. SO it will be hard to see what je changed. To help here is the link to the original post so you can see the differences highlighted in red.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75260718
Thanks. Doing my best.
Friends on the street say they STILL have not covered on this and the other co they keep mentioning MEVT. apparently they were betting on it getting deep six'd by all the complaints they were sending in. Heard a surprise was coming and not just from the companies.
Get the popcorn. Good reading is coming.
I hear gts patience is paying off huge. Fast is not always the best way.
Can't wait to see how this unfolds... As Coldplay sings "just because I'm losing doesn't mean I've lost"
In so deep I am riding this out. I love a good squeeze!
AWsl dd BB gl are professional. I've been doing my homework. All makes sense now. Hope th eps rock soon.
Yes, Simple the bid is not high enough to attract sellers and the offer is too huh to attract buyers.
Or put another way, not enough buyers or sellers.
Simple investing 101.
IS THIS LOGICAL ENOUGH?
Cousin said he landed 26 OPA Contracts. Where are the other 6? I didn't see the projects built in 2010 like he said.
The last two lines are extremely significant. At Bella Energy Cousin, according to his LinkedIn profile, is now in charge of expansion, strategic planning, and building. relationships with financiers. Thus once he has the new position, having had the Atlantic Wind and Solar resume to support his application, he now alters or deletes his past experience as it relates to:
project completions, strategic financial partnerships, efficiency / risk reduction, and
long term growth, credibility, process, analysis, etc. and proceeds to sue his former Company on exactly the points he previously touted as successes.
Also where is the S-1 and the financials he did??????
See for yourself:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75260718
Wonder if Bella Energy knows Pierre Cousin changed his Linked'n Profile so much AFTER he started working there. Actually I also wonder when he actually started working there. Perhaps sooner then we think.
11 months of lies and demanding a BONUS. Please if anyone sees the defence please link it. I am so anxious to see it.
I flew in to meet that POS and when he arrived he no longer had time for me in the whole week I was there. Must have been working on his employment contract and bonus demands for the huge sales he delivered. How much is $0 CDN in US$?
I can't believe we cannot just as adults keep this about facts. I have seen the street sweet article posted hundreds and hundreds of times literally. I get it He had a friend on Facebook that was fined. I get it.
I guess I need to "smell the stink" some more.
Glad there is some reason and sanity out there.
Every dog has its day and I CANNOT WAIT for AWSL to have theirs again.
I don't see Trahan as CEO in that PR you pasted.
Your research is flawed. Trahan was NOT the CEO of AWSL during that period.
I will remind you again to google "Jim Cramer market manipulation" where he explains how he had bozo reporters spread false rumors to push the stock dow, Now look at the Streetsweeper site which you quote over and over and look who that reporter is standing beside... Jim Cramer.
Same thing for the tiny version. Tiny Tim Sykes.
So if the pumping on here made it go way up. As you said and I quote:
If I could have saved all my money I sure would be buying now. I am in at higher levels. As I have said before, when I do have some extra money I do average down.
So by no means will my small buying affect the overall volume. Ie no spike from me.
I can. 1. No selling. 2. Since there has been no news or advertising no new investors buying, That is why there is no volume.
If management was shorting there own company as some here have suggested or "dumping shares" as also suggested the bids would be getting cleaned out and thus giving you the volume.
Actually I did ask that a couple months ago. AWSL amply did not renew thir contract with Geneva Bancorp. They had nothing bad to say about him or the company. But simply said there was no requirement for services at this time and were cutting cost wherever possible,
From an unreliable source I admit, I heard that they rented Megola's old office when they went under. Still trying to confirm this.
contact info.
gtrahan@atlanticwindandsolar.com 416 900-0380 x321
mbaldwin@atlanticwindandsolar.com 416 900-0380 x224
I just read all the PR's you provided with the link. I did not see them calling themselves a billion dollar company. But I did go through it quickly. Which PR was it?
Trahan and Baldwin are the directors I call and email from time to time. I suggest we email them to ask them if the contracts are valid or dead instead of just assuming they are dead.
Financial...
The S-1 Registration and Offering
Finally, Atlantic continues to evaluate the timing of the filing of its SEC S-1 Registration statement. A year ago Atlantic had planned a public offering to raise funds to build and own the first round of renewable energy projects in Ontario. Between the project delays, election uncertainty, and the general market nervousness of 2011 the timing has never seemed right to file. The Company now plans to construct the first Ontario projects through partnerships and shared ownership structures. Atlantic will earn its developer fee which can be applied toward further project development. The Company will continue to keep its S-1 up to date and ready to file when conditions are right. It remains a goal of the Company to raise funds to build and own power producing assets. These latest election results provide comfort that there are many more contracts to come in Ontario.
I must have missed it. What was the answer to the source of this?
I do NOT see him listed as an officer or director until late 2008. So where do you get this info ?
Trahan was 6 years old when the company was founded. You really think he was the brains behind this in 1977?
According to SEC filings he is about 40 years old. The company was incorporated in 1977.
Please show us proof to the contrary.
I agree. But it is illegal to manipulate it through trades designed to push the market down and to have bogus articles written or to pay naysayers to spread false rumours.
Google Jim Cramer market manipulation.
Trahan, Trahan, Trahan give it a rest. It takes a BOARD RESOLUTION to hire a CEO/ NOT the Chairman.
All the complaints of the hype etc. were when COUSIN was CEO NOT Trahan. Since Trahan took over there has been much less PR's. Instead of telling everyone"the S-1 and audit is complete and we will file the S-1..." AND NOT DOING IT. Trahan instead issued a PR stating clearly that they are not filing at this time.
I don't know about you but I would rather hear the truth even if it is not want I wanted then to be lied to.
The sweeper was also connected heavily to Timothy "TiM" Sykes also. Another big SHORT.
That article being referenced was sort of interesting 2 or 3 years ago. But in reality what did it say. Trahan's Facebook account showed he was a friend of someone who was fined by the SEC. Yawn...
Catchy title and great writing to try to paint a picture but zero substance.
HOWEVER, did you see that Streetsweeper is linked heavily to the big short Jim Cramer
Here is a great link to read about him. http://www.huffingtonpost.com/2009/03/11/jim-cramer-shorting-stock_n_173824.html
Here are some gems:
-On manipulating the market: "A lot of times when I was short at my hedge fund, and I was positioned short, meaning I needed it down, I would create a level of activity before hand that could drive the futures,"
-On falsely creating the impression a stock is down (what he calls "fomenting"): "You can't foment. That's a violation... But you do it anyway because the SEC doesn't understand it." He adds, "When you have six days and your company may be in doubt because you are down, I think it is really important to foment."
-On the truth: "What's important when you are in that hedge fund mode is to not be doing anything that is remotely truthful, because the truth is so against your view - it is important to create a new truth to develop a fiction," Cramer advises. "You can't take any chances."
The MSE management page link pasted is blank.
What is the importance to link referring to the fact that Trahan was once at Senior Care?
I don't get the importance of this.
What does HRAL have to do with Trahan?
Are you suggesting Trahan is shorting his own company? I see he left MEVT to join AWSL full time some time ago. The PR is clear. Not sure what GRDC is.
Apparently the charges he referred to were from the web hosting company and the email news services. Both which were automatic charges monthly.
As for his expenses, apparently he did submit his expenses but unlike every other employee he felt he did not have to include receipts.
However a few highlghts from his expenses apparently he racked up $27,000 in 18 days. Stayed at hotels like the Four Seasons and Thompson Hotel both super high end. Had dinners of over $1,000!!!
I guess he likes his French wine!!!!
How much Bonus does he deserve?
I spoke with both the Chairman and another director on this subject.
There was NO employment contract. He worked 11 months and WAS paid with his own money that he invested. He was told when he joined, management was not drawing salaries. He said it was important that the "optics" show the CEO is being paid well so the imvestment community will not worry about him leaving. To make that happen he put up $250,000 that was earmarked ONLY for his salary.
He bought $500,000 worth of stock for $250,000. He directed HIS pay, despite the CFO advising him not to and that is now his investment toward Aim a supplier.
His expenses were $27,000 for expenses on 18 days he spent at the office in his 11 months. No management has ben reimbursed
Bonuses are at the thediscretion of the Board and NO bonuses we authorized to anyone.
No management has been paid to date.
He resigned so no severence.
Cousin refused to sign the S-1 at the end of 2010 until the board would sign his newly prepared "Employment Contract" that was valued at $10,000,000 in cash alone with golden parachutes for any change of control. But here is the kicker... he wanted the ability to trigger it! After Jan 1, 20911 the audit was stale dated and they were not able to file it again.
After Trahan the Chairman refused it and told to stop the silliness no company this size can afford this thus is when the friction started. Shortly after followed making allegations to the board but refusing to cite even one example. Cousin stated "when the time is right I will" What the hell does that mean?
Then the resignation and demands for 3 years of his salary plus bonuses.
Best I recall the options did not vest and the company offer him the option to stay alive for another 6 months.
How much BONUS should Pierre Cousin get as ex CEO?
$100,000, $500,000. $5,000,000?
I guess the shareholders should all pitch in and invest in the S-1 so Pierre Cousin can be paid his big lofty bonus that he THINKS he deserves. As he put it in the suit.
I don't know whether to laugh or cry. That Cousin is a serious piece of work.
Talk about spitting in the face of the shareholders.