Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Gilda, you're right ....it does have to go that way, that is if they really want to get to the big league, like they say they are doing.
But there's no doubt in my mind, You will get what you are looking for, management knows what they have to do more than any one of us know, and they are doing it.
I saw an interesting post on another board today....Think about all the stuff this management has had to overcome....but as we saw from yesterdays news, they just keep on overcoming anything that is thrown their way....the audit is a small thing to complete, amongst everything else...
Don't forget they are also building a renewable energy company and have 100 projects in the works in a region where all this stuff is brand new...that's got to cut into their leisure time.
I could list hundreds of things they are likely dealing with on a day to day basis, but I'm sure you already get my point.
Good point. Thanks
So this is where everyone is hiding.
Hey gang.
You made a great post....well done.
I have one question re Melissa Davis and her so called investigative journalist web site...
How does she make her money ? Or is this a hobby that she does out of the goodness of her heart ?
She spends all of this time, interviewing people, writing these articles that happen to target companies that get shorted to hell the very day the articles are released, etc etc etc. None of her articles are sold to any other newswire services. And she doesn't charge for memberships for her site, so how does she get paid ??????
FYI, each and every article she has written against AWSL had been forwarded to all of their partners the very morning streetsweeper released it. Apparently all of Atlantic's partners were emailed it at 7:00 am, the very moment they were released. Coincidence that some do gooder happen to pick it up and decided to send it, or was it planned in order to try to interfere with their business dealings. The so called do gooder even phoned their parters several times, pointing the article out...Whatever the case was, it didn't work. If anyone knows that AWSL is a real company, and the potential they have, its their partners.
We all know she partners with Timothy Sykes, who openly shorts every company mentioned on her web site....
Should she not be disclosing that she is being paid by Sykes, if in fact she is ? Or should she not be disclosing that she too is shorting the stocks, if in fact she is ? Its a total biased/conflict of interest, and should be dealt with by the courts. Its only a matter of time before she steps on the wrong toes.
If I'm right in what I am saying, is she not GUILTY of the very thing she is accusing other companies of doing ??? sick
Bottom line is the courts ruled against Hybridyne. The bashers are obviously running out of negative stuff to say when they need to focus on streetsweeper articles from months and months ago.
Stocken, in your so called reputable article, this guy was referring to the shares as not being "legitimate" shares.. Have you done your DD to find out what he is refering to by that statement ?
...he was referring to restricted shares as not being "legitimate" shares...
I don't see thestreetsweeper making any attempt to elaborate on what that statement meant....do you think they were counterfeit shares or soemthing ?...thats what thstreetsweeper wants you to think. Thats why she only reports half the story.Its meant to cloud the truth. Lets face it, if they were not real shares, the courts of west virginia would not have had to cancel them, now would they.
..."not legitimate shares" is hardly the proper term to describe restricted shares....but it certainly sounds juicy when you're trying to intentionally discredit someone.
Stocken, please back up your allegations by answering this simple, logical question....Why would the company go through the trouble of having "not legitimate" shares canceled? How would the west virginia courts cancel shares that were not legitimate ???. What you're saying, what Hybridyne was saying and what thestreetsweeper was saying does not make any sense at all.
....What Hybridyne doesn't realize is "Of course they would be restricted shares, if they were free trading, that would have been illegal"....
is this guy for real ?????????????? or is he really that stupid ?????? (I'm talking abut Hubridyne , not you)
...and thank god they were resrticted, otherwise the stock would be .10 cents today, after he would have sold them all, especially while knowing that he didn't own the technology as he represented himself as ....
.... Would you trust a guy with free trading shares who didn't really own the technology as he said he did ? Obviously it was a cash grab for him...I rest my case, and obviously the courts of west virginia do too.
Please do your DD before posting false and misleading information.
I really don't know how it would work....I imagine it would be like him having to pay restitution, where the coursts would rule him to buy the shares back, but the guy is a scum bag, and rest assured, al the money is in his wife and kids names, so i really don't know.
I want, and am expecting to see a similar pr to the one you posted for 6 million shares of MEVT being canceled out....but its more complicated in the MEVT case than the other company, because Gardner had illegally had the ledger lifted off of his shares, and had sold them into the open market....many of us hold those same shares today, therefore if they were canceled, it could mean some of us would no longer hold our shares, even though we rightfully bought them in the open market....I'm confident justice will be served to all of our benefit, but it will take time.
But you're right Champ, it does show CLARITY re which side the courts are on, and its a good side to be on.
FYI, from the Rumor mill, apparently MGON offices were locked up due to them not paying their rent,......and their phone numbers are down too.....weird thing is, they had just announced a stock buy back program...weird....also, FYI, Joel Gardner just bought a new house.
MGON Corporate Offices
704 Mara St., Suite 111
Point Edward, ON, Canada
N7V 1X4
(TF) 888-558-6389
(T) 519-336-0628
519-336-0625
(E) megola@megola.com
http://www.megola.com/contact.htm
It should mean something, because the market cap of the company will automatically adjust with the cancellation of so many shares...which should mean the share price should go up to make the difference, but that all depends on if shareholders will have enough common sense not to sell at these prices.
But truth be told, I don't think many shareholders are selling down here anyways....a lot of the vol is still short, and i doubt shorts will want to see the share price increase. They will try to keep it down.Should be interesting.
good point...kind of like me and my personal finances...lol
I believe the whole reason Hybridyne initiated the alleged lawsuit press release was to delay having to pay back the loan that AWSL had given him...it wasn't enough that he never actually owned the technology which he claimed to own...
What makes you think the company doesn't have "enough" working capital ?
I know they are close to construction, which means they can draw down on the $130 mil project financing soon.....and they did have an injection of $1.5 mil and drew down on $600k of the other financing, totaling $2.1 mil in working capital.
But i'm sure they could use "several hundred thousand" dollars.
5 million shares cancelled by Virginia Courts
Seeing how the courts of west Virginia nullified the transaction, i guess this makes the alleged lawsuit pretty much in the bag for AWSL...
Business as usual.
Thanks for the input cook1...much appreciated.
For the record, its not AWSL who issues the shares to the brokerage, it is their transfer agent.....all shares have already been issued to transfer agent, and tranfer agent 9Pacific Stock Transfer) have already issued the shares to the brokerages, but now some sort of letter has to go to the brokerages confirming to pay on the divy too...
FYI, I recieved my divy on my restricted shares in one of my accounts, but not in my other two.
I received my divy on my free trading shares in all of my accounts.
there are over 5,000 shareholders in AWSL right now.
Im not sure that "proud" is the word that would describe how i feel about the dividend...i am thankful for it, after all, with my divy, the shares are still valued at over $3.00 .....it was a great way for the company to redistribute the wealth amongst loyal shareholders, rather than allow the shorts to keep knocking it down.
They likely knew they were over evaluated at $4.84, one year ago, so they gave more shares to us....this gave them enough time to catch up on the corporate side. = great strategy, especially since it rewards us shareholders. The whole time you have been bashing this company, they have issued 2 dividends....too bad you were too busy bashing, because you missed out.
As far as the articles you linked to go, you are mistaken.....the past does lie....the content in those articles is not true, the articles are very misleading.......but if you really want to dissect the situation accurately, read the articles closely, they don't really come right out and say anything negative, but rather imply negative stuff against the company, in hopes of people like you buying into the negative propaganda....if they came right out and said something negative, they could and would be sued....they walk a thin line by writing it this way....they are pros and know what they are doing.
Everyone knows the streetsweeper works with timothy sykes (the same guy who said AWSL would be delisted a year ago, and would be .10 cents by now..he shorts stocks. He profits from stocks going down. He uses articles written by streetsweeper as a tool to support his short selling in an effort to cause panic amongst shareholders... surely you knew that already didn't you ? He is behind bashers on this web site, and many others.....thats his job.
All of those articles are old and inacurrate.....i only care about the future of this company...
Here are some more recent articles, all written by unbiased reporters in Ontario, who are well versed in the sector there,...they do not have a hidden agenda, unlike melissa davis and timothy sykes (the author of your 3 very biased articles) .... These artciles don't contain a suggestive undertones meant to leave the reader questioning the credibility of management, but rather just come out with the facts.....this is called reliable reporting.
Getting Your Solar Project Ducks in a Row – An Ontario Financier’s Perspective
http://solarfeeds.com/thesolargazetteorg/14095-getting-your-solar-project-ducks-in-a-row--an-ontario-financiers-perspective
Is Ontario’s Solar Sector Growing Too Fast? -- What Solar Energy Developers Need to Know
http://solarfeeds.com/thesolargazetteorg/14083-is-ontarios-solar-sector-growing-too-fast
What Building Owners Need to Know Before Going Solar
http://www.solarfeeds.com/jen-lynch/11968-what-building-owners-need-to-know-before-going-solar
Atlantic Wind and Solar to Offer New Financing Program
http://www.virtualizationtimes.com/atlantic-wind-and-solar-offer-new-financing-program
Company Headquartered in Ontario to Offer Financing for Solar Firms
http://ontariosolarnews.com/2010/08/company-headquartered-in-ontario-to-offer-financing-for-solar-firms/
Ontario: The Race for Solar Rooftops Begins
http://www.solarfeeds.com/jen-lynch/11594-ontario-the-race-for-solar-rooftops-begins
The 21st. Century Industrial Revolution
http://www.altenergymag.com/emagazine.php?art_id=1553
Atlantic Wind & Solar Advances Rooftop Solar Project
http://www.businessreviewcanada.ca/sectors/renewables/atlantic-wind-and-solar-advances-rooftop-solar-project
Atlantic Wind and Solar Adds Solar Capacity North of Border
http://www.getsolar.com/blog/atlantic-wind-and-solar-adds-solar-capacity-north-of-border/8829/
Green power to the people – The Toronto Star
http://www.thestar.com/business/article/739319--green-power-to-the-people
Bay St. snubs green revolution – The Toronto Star
http://www.thestar.com/business/article/755727--bay-st-snubs-green-revolution
Olive: Turning up the heat on business – The Toronto Star
http://www.thestar.com/columnists/article/741042--turning-up-the-heat-on-business
FIT Program Promises New Technologies for Secure Clean Energy Supply
http://www.altenergymag.com/news_detail.php?pr_id=14069
The Catalyst That Revolutionized Renewable Energy in Ontario
http://www.altenergymag.com/news_detail.php?pr_id=14121
Nova Scotia Set for New COMFIT Renewable Energy Program
http://www.renewableenergyworld.com/rea/blog/post/2010/08/nova-scotia-set-for-new-comfit-program-
Do you want some more, because there are lots lots more, and rest be assured, there will be lots lots more in the future too.
Great post...call it how it is.
One reason why Finra keeps screwing this up is because it is rare that a Pinksheet company ever pays a dividend, and it is even more rare to have a dividend issued which is non transferable...They just can't seem to get it right, but oh well, they will eventually.
Part of the dividend did go through....some people even got it on their restricted shares the first time round, depending on their broker
...The exact same instructions/info went to every brokerage house from the transfer agent. I don't understand how it could be construed as a negative on the company when some brokerages understood the instruction, when other did not...
... Some people really want to grasp at straws to find something negative towards AWSL. When they grasp this hard, all it does is show how twisted their thought process is.
Lets face it, if this wasn't the real deal, it would have been de-listed long ago.
Someone ran into the telephone pole in front of my house the other day...I guess thats a sign that my telephone provider must be shady...lol I think I will dedicate an hour a day, for the next 2 years bashing them online as a result of this. lol
yes, you' must be right. Even though Finra posted the divy as a forward split on the daily, then miraculously changed it within one hour, due to noticing their error, is proof that AWSL is not real...lol
YES something is very wrong here... but its not the company and its not me.
Re Divy,
Company said most brokerages got it wrong, despite Pacific Stock Transfer sending enough new divy shares to the brokerage firms to cover the restricted shares too...
Apparently the transfer agent is going to resend specific instructions to all of the brokerage firms, indicating that the shares they were issued are to be redistributed to the shareholders.
I say give it a few days.
If you guys noticed, FINRA originally posted the 1 for 4 divy as a forward split last week, before correcting it, which also screwed things up.......grrrrr, what else is new.
They'll figure it out.
Divy info etc:
We should all get 1 free share for every 4 shares held....this also applies to the restricted shares we already held.
FYI, On Friday Finra had accidentally posted this divy as a 4-1 forward split on the Daily board (what else is new), therefore market makers assumed traders were not taking into consideration the price adjustment, and started to short it ....the joke was on them because as well all know it wasn't a split,...lol (This is why it ended up going up, because they had to buy back in at whatever price it was trading at....never a dull moment)
This info came directly from a MM.
Thats the first time i have ever seen a price go up on a divy...lol....nice increase in vol too.
Did everyone receive their divy on their restricted shares too ?
Apparently TD Ameritrade didn't process the divy right, and peeps who hold accounts there are not receiving their new divy on their existing restricted shares.
FYI, I checked with the company, and they confirmed with transfer agent that it was an error on TD's part.
lol...you sure know your stuff
to specifically answer your questions re why it takes so long to get fit contracts, seeing how "so many other companie have already got them", i think you should know that "so many companies who already received fit contracts are now losing them, faster than they received them, because they cannot get funding for the projects, because they didn't have their ducks in a row....
AWSL have ther ducks in a row...
one company in particular who was awarded 150 contracts lost their funding because the projections didn't work, and another big company lost their funding because the materials that were quoted on were not bankable....
not the case here....we are full steam ahead because they took their time to get everything down pat.....
read this article, it addresses the exact questions.
http://solarfeeds.com/thesolargazetteorg/14095-getting-your-solar-project-ducks-in-a-row--an-ontario-financiers-perspective
it appears that AWSL is swooping in and helping other companies get their ducks in a row now too.....
We are hours away from having the audit signed off on....would it make sense if the company saved any big news for after the audit was complete.....?????
mid september is usually a good time for the markets....hopefully we get good news mid september.
BTW, 90% of the rooftop projects are assembled on the racking systems in a warehouse before being sent to the site on 18 wheelers,...they are then craned onto the roof, fastened, then connected to the grid....most of the work is completed indoors.....the inverters are all connected/located in the buildings electrical rooms....of course we will still see construction this year, why wouldnt we ?
they have already purchased materials for the first few projects and are anxious to get projects completed....more anxious than we are to see them completed.
http://solarfeeds.com/thesolargazetteorg/14121-nova-scotia-set-for-new-comfit-renewable-energy-program
Similar to another article that was posted last week, ....the article mentions Atlantic and two other companies.
why don't you try phoning AWSL's 6,000 investors and ask them all which one of them tried to paint the tape...hmmmm, might as well call the short sellers too, and ask them who keeps trying to tap the bid with 100 shares, 10 minutes before the close...
at this point, who really cares.
this will grow its big legs when revenues are reported, until then, this is all noise.
coming son
:)
I'm not sure of your past track record, but you're not wrong on this one DTB82 ...
The new CEO is kicking butt right now...this is going to be alot bigger than i ever expected, and its all happening right now
mwhahahahahahaha...
the audit will be up any day, and the S1 should be completed soon too...then we will start to hear the big news
I'm very pleased with what is happening here
mark my words, atlantic will be one of the largest players in Canada very soon, and we will also start to hear about the other countries they have/are moving into.
We were lucky on this one
: )
Here is the trading report on AWSL from Buyins.net for Friday:
Total Trading Volume: 2670
Daily Short Volume: 830
Avg. Price of Shorts Today: 1.5391
Short %: 31.09
Volume at Offer: 1430
Buy%: 53.56
Volume at Bid: 1040
Sell%: 38.95
Shares Crossed: 200
Cross%: 7.49
Net Buying vs. Selling: 390
Price Change: 0.08
Friction Factor: 48.75
And this is the report for Thursday:
Total Trading Volume: 100
Daily Short Volume: 100
Avg. Price of Shorts Today: 1.55
Short %: 100.00
Volume at Offer: 100
Buy%: 100.00
Volume at Bid: 0
Sell%: 0.00
Shares Crossed: 0
Cross%: 0.00
Net Buying vs. Selling: 100
Price Change: 0.05
Friction Factor: 20
Seeing how all of Thursday's volume was short, its kind of hard for these monkey's to imply the tape was painted...lol...but nice try.
Despite the low volume, not one of the 5,000 investors in AWSL are selling....why ????? what do 5,000 people believe, that the 3 bashers on this board don't believe..lol
I'm with the other 4,999 : )
Stocken, to answer your question, the reason why the author likely used the word "thriving" to describe Atlantic was right in the middle of your post.....Just for you, i will post part of your post again, and bold the reason why the Author described Atlantic as a thriving company:
Charles Mazzacato, VP of Atlantic Wind & Solar Inc. a thriving Toronto based company involved in over 100 large scale commercial rooftop solar energy parks stated: “Engaging in a quality operating and maintenance program can be as an integral part of the system as the type of panels and inverters applied.”
Stocken, Keep in mind, each rooftop project will generate approx $300k a year, guaranteed for 20 years...thats over $600 mil in revenues ...not bad if they can lock that kind of money down in thier first 2 years of business.......I'm not sure about you, but thats what I call THRIVING ...and obviously the author of the article does too.
Want to know why we are waiting for FIT applications to be approved ?
..want to know why it took so long for AWSL management to submit the applications in the first place ?
I think it is answered in this quote from the CFO, taken from the below link: (he use to be a VP at ScotiaBank)
“Many companies are too focused on securing as many property leases as possible, as fast as possible, without putting enough emphasis on the projects themselves. A lot of work needs to go into making sure that the FIT contracts you get are the ones you want. The contracts are very specific and can’t be altered. Basically you have to get all your ducks in a row before you can get your panels in a row.” stated Mr. Martin Baldwin, a former international banker and Chief Financial Officer for Atlantic Wind & Solar - A leading publicly traded, renewable energy company headquartered in Toronto, Canada.
http://solarfeeds.com/thesolargazetteorg/14095-getting-your-solar-project-ducks-in-a-row--an-ontario-financiers-perspective
-----------
I heard from a reliable source that one of the companies that was awarded over 150 FIT applications cannot get funding for the projects, because their entire business model was wrong, so they are starting over....in other words, they didnt do their homework and cross all of their T'S and dot their I's before they submitted their applications. This is where AWSL took their time.
Call them and ask them who their partners are....then you will know why they had to take their time. No room for error, and this is going to get them to the finish line faster.... just watch !!!
-----------------
More from the article/Baldwin quote:
The “ducks in a row” that Baldwin refers to is preplanning, design, and engineering plus the addressing of key issues such as equipment bankability, proven operating and maintenance platforms, and project rates of return. Although these issues vary from region to region they are the key fundamentals of the industry. “You have to find the right blend of cost, compensation for the property, return for the company, return for external investors, and other components specific to the Ontario market before you can even start a finance discussion. Financing is a key component to these projects, even for companies that plan to fund the equity portions internally” Baldwin further explained, following with “Ontario has an enormous appetite for power and the Ontario Power Authority has a strong commitment to renewables. There is a vast amount of commercial sized rooftops and even more farmer’s fields on which to produce power. We believed from the beginning that the race would not be for FIT contracts and leases but for financing. This focus has served us well”.
great recent articles
http://solarfeeds.com/thesolargazetteorg/14095-getting-your-solar-project-ducks-in-a-row--an-ontario-financiers-perspective
This company is making a big slash in Ontario and are way ahead of the curve....Let's face it, they are industry leaders there.
IMHO, this stock is undervalued right now, based on what is about to come...
http://solarfeeds.com/thesolargazetteorg/14083-is-ontarios-solar-sector-growing-too-fast
And from what this next article tells us, they might be going into Nova Scotia next, ...(I don't know why they wouldn't go there, after all, Cushman & Wakefield have many building there too.)
http://www.renewableenergyworld.com/rea/blog/post/2010/08/nova-scotia-set-for-new-comfit-program-
i think we will see both very soon....
i am told that 95% of the project is pre assembled indoors, then lifted onto 18 wheelers, before it is craned onto the rooftpos, where it is simply bolted down to the roof, before it is connected to grid. Generally the inverters are installed in the buildings electrical room, therefore not subjected to the elements of winter...
The whole process is completed within 2-3 weeks...lots of time this year to get one of these babies up,....
i was also told that the applications are over due from the government, and that the gov't office is backed up from so many applications...so any day now.
i also think even if they had the applications approved, already in hand, they might just wait until their audit is submitted before they announce them....
the auditor is at the AWSL offices right now, completing it.
: )
I agree with you there...that way i wouldnt spend it as fast.It would take at least an extra 5 minutes or so....
BTW, great handle.... made me lol
.............Still waiting.........
GLTA
Thanks for the info Gilda, but i really have no interest in any technology, no matter how good it is, if the company does not have fully audited financials for me to glance at before criticizing...
thanks anyways
;)
another article....great insight.
http://ontariosolarnews.com/2010/08/company-headquartered-in-ontario-to-offer-financing-for-solar-firms/
This was written buy another well known author who is well versed with what is going on in Ontario's solar sector.
Here's another article mentioning them....again, it states that AWSL has over 100 rooftop projects in the hopper....also mentions IR company....small interview with AWSL VP.
http://www.energymanagementcanada.com/Renewable-Power/Features/is-ontarios-solar-sector-growing-too-fast.html
any doubt about AWSL ....???
Read this.
http://www.renewableenergyworld.com/rea/blog/post/2010/08/getting-your-ontario-solar-project-ducks-in-a-row
i am pissed that it is taking so long too....but i am far from giving up on it.
im not going to get all worked up over it....i bought mostly at around .35 cents, as most of my friends and family did.
i believe that once the sister company gets to where it is going, it will make it easier for managment to focus on this deal and i believe they have been working, letting things progress.
also, if the 6 million shares issued for the rights to the hartindo rights does get canceled, this will spike on that alone...
but the real focus here should be on the sale of the new product, and if and when the shares get canceled is a bonus...
has anoyne contacted bluwood's ceo, Robert Seaman to ask about the pr bluwodd posted a while back re the new mevt FI88 product ???
Is bluwood making any sales using the new product ????
i cant seen bluwood having any need to lie about the pr....bluwood int'l is a private company and would not benefit from lying.
some people on here are too funny....they say that mevt manamgent are nothing but liars, and that the pr's are all lies and are just a way for managment to pump and dump their shares,, but then when manamgent stops putting news out, they scream and cry and accuse managment of not reporting what is going on in the company. The lack of news tells me they could give a $hit about the stock and are focusing on the company/sales, in hopes that the stock will then take care of itself when it catches up...am i the only one who sees this ?
Someone please call bluwood int'l and ask them what they think the future of mevt is.
(make sure you dont call the wrong bluwood)
Lets someone else other than mevt manamgent tell you what is about to happen here....then maybe you will understand.
GLTA
i got to question a persons knowledge on investing when they invest in a company purely based on a forwards split..
doesnt anyone realize that a forward split only means they would hold more shares at a lesser price ?????
heres a trivia question for you....feel free to take all week to answer it:
What is worth more ?
a.) 100 one dollar bills.
or
b.) 5 twenty dollar bills
I will give you the answer next week...or better yet, ask your investment adviser.
the original cheerleaders climbed on board AWSL at .50 cents...then it went to $4.84, paid out two divy's (which puts the price over $3.00 still), and now we are about to go into massive revenue mode and the leap to the big boards... Let's face it, the company is growing into the shareprice in terms of contracts/revenues...and with this recent pull back, its going to surpass the share price in terms of being undervalued very quickly...IMHO.
They announced having 19 rooftops (3 megs of projects, which will generate in excess of $24 mil per meg)...and this is all they have admitted to having.
The day they announced the total, there was a huge surge in volume, therefore there is still a big audience here....therefore when they submit audit, then announce construction, what do you think the stock is going to do ?
Show me one other stock on ihub that has had big promo, that is following through with what they say they are going to do. Its very rare.
FYI,.There has only been one rooftop solar installation in Ontario completed and connected to the grid so far, and it was one of AWSL's partners.
Furthermore, AWSL is helping a bunch of other companies who could not get financing, fund projects....after the financials have been submitted, we will likely be informed about what they have been doing all this time re helping fund other companies...perfect environment fr acquistions.... until the finacials are submitted, i dont see any point in them putting out big news.
As far as the chart goes, this is a start up company, about to kick into high gear re revenues etc etc....i dont see the chart being able to predict what is about to happen in terms of revenues and corporate growth, nor do i invest or hold based on charts....thorough due diligence is the best way to predict a companies future, not looking at a chart.
Things will turn around.IMHO.. No point in selling down here for a big loss
how about if 6 mil shares were canceled instead ?
hmmmm, thats the same amount of shares that were issued for the hartindo rights.