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I think it is just CDEL who then uses NITE and ATDF as beards to route orders through. From what I understand DTC positions reports are coming in and this will be exposed.
I have read your links on the various companies however I cannot see...
"Little more then that though. Trahan was CEO of MSE Enviro-Tech Corp and did a 5 million dollar business deal with himself and made the shareholders pay for it.
Can you help me understand how Trahan did a deal with "himself" and how and where "the "shareholders paid for it"?
Thanks in advance!
It appears CDEL is the problem.
This stock trades worse then a pink sheet company's stock.
We can see it is the market makers that are short selling these shares:
http://otcshortreport.com/index.php?index=groc&action=view#.VkC817Q-AUH
OMG, it appears they further reduced payroll, reduced preferred shares outstanding and increased the earnings. Damn this is terrible! (for a 'fictional' short)
Buyer beware is an understatement.
Why leave. It is fun to watch a scam be unveiled.
OH MY GOD!!!! You mean Trahan, Baldwin were part of another company? Even Wilkes was? OH MY GOD!
Not sure who the Cao's are and why I should care if they are father and son or brothers. They are not involved in this company.
More construction? I thought "they winded the business down"?
Lets hope the news keeps rolling out!
While I am confident in the CFO and CEO's credentials and professional designations, including MBA, CA, CPA, if someone is not I would assume the company would allow a shareholder or critic to pay for an "independent review". In the meantime they are current, the highest tier available in reporting on OTCMarkets.
As for no shareholders equity the company started with a $2,000,000 historic deficit before it went into the solar business. 3.5 years of building the business before sales and earnings started does not look negative on this great company. Now with well more than $12,000,000 in sales and a couple million in earnings the negative shareholders equity will be gone in no time at this rate.
The issued common stock has not changed in almost 6/7 years. Another great sign!
I am impressed with the results so far. As the 2 resident critics predicted no sales, no earnings and bankrupt and delisting... they too should be impressed if not embarrassed..
Really pal. How is the stock doing? Lost 80% of its value in the past 2 months.
Keep taunting me. I need the motivation to even the score with a scammer.
Really guys? Why don't you ask the CEO how many shares he deposited in the Bahamas?
Why don't you ask how many shares were cleared by Alpine.
Good idea guys. Try pushing my buttons and taunting me to prove it.
You have been warned. If you don't believe me call the company and ask them if it is true, is Tom passing bad paper. Cleared it at Alpine and he was the seller that has driven it down to these new lows.
I am reported the company to DTC for selling and clearing fraudulent shares. You will see soon enough.
WARNING. DTC GLOBAL LOCK COMING TO GMNI.
What I "wonder" is... Why "wonder" when you can simply contact the company and ask?
Gilda, it is Aug. Late summer. Why would anyone expect all kinds of interest or news. Every trader knows these are the dog days with a fraction of the normal liquidity.
However that said your last comment was also said when the stock was around .10 before its recent run to $1.00. So thanks for your input but I will respectfully disagree.
If you actually shared the rest of the info you would have pointed or noticed at least that the company stated it was spending more money on travel and business development. That would sure make sense to why that expenditures went up and the office rent went down.
As I said before I like the executive office sharing format. Pay for what you need. While I know a short seller would prefer to see the old $7,000 + per month office burn rate, but any long shareholder is appreciative they are not wasting money like that.
As for a marginal decrease inn sales and profitability for the quarter, lets not overlook the almost 30% decrease in FX from the CAD sales converted to US. The other expenses were USD the whole time. But lets not confuse anyone with facts right?
Management Discussion and Analysis in Brief
Discussion and Analysis of the Results of Operations
Management at Atlantic is very pleased with the attached financial statements. Sales and earnings remained strong with sales for the quarter nearing $1.2 million.
In this quarter began the Ontario FIT 2.0 projects. With the experience gained by the entire Ontario industry over the last few years we expect FIT 2.0 to complete much more quickly than FIT 1.0.
The accounting is also more streamlined for 2.0 allowing partial payables and receivables to be settled simultaneously - meaning faster recording of project completions.
We continue to make great strides in international markets with strong results expected to show by year end. Atlantic increased its pipeline of new projects substantially, topping the 1 gigawatt mark, and moved closer to binding agreements on the development and co-development of solar PV plants in Asia and South America. Atlantic expects to report more on these international projects by year end.
Total operating expenses, a long time key focus of management, remained within the acceptable limits, i.e. remained around the company’s historical low point. As reported in Q1 management has, for the first time in a few years, begun to increase expenditure on advertising, public relations, and travel/business development as Atlantic again expands into new markets.
Discussion and Analysis of Financial Condition
Management at Atlantic is pleased with the financial condition of the company. Atlantic has continued its policy of protecting shareholders by limiting share issuance. At the end of 2015 Q2 there were 44,707,601 common shares outstanding versus 44,707,601 in 2014 and 2013 and 2012 - a change of 0.0%.
The Company’s working capital requirements are funded by receipts from the general operations. While management continues to be willing and prepared to fund the Company if necessary, as it has done in the past, the Company has reached the point where profit funds operations.
From a financial perspective Atlantic remains very proud of what it has done and, in terms of shareholder dilution, what it has not done.
Why don't you offer to pay for the extra expense, since it is only a requirement of yours?
AWSL Is Current in its filings. The highest Tier available on Pinksheets.
Sure Gilda, what would a Certified Accountant and Certified Public accountant know about financials.
That is what the CEO of AWSL is. But yes, the side chair critic is so much more qualified. lol
http://atlanticwindandsolar.com/management.html
Gilda, Do you think of it the same way as previously... "they will never have sales". "they are bankrupt". "going sub penny".
That was over $10,000,000 in sales ago.
Great eye an analysis Red. Additionally I think you missed they have almost doubled the energy plant pipeline and are structuring 500 MW's of new energy contracts.
I personally would rather read the next financial report then hear what sales guidance anyone might have. Aug 15th or before...
I am still very much bullish.
Looking forward to the summer slowdown to be behind us.
Enjoy the summer.
Looking forward to the slow days of summer winding down. Although I will miss the heat of summer. Lets hope AWSL has some good news to share with us. I too very much look forward to the next Q financial results.
Been away for a while during the slow days of summer. I sure didn't miss much. Here or in the trading. I definitely didn't miss a "dump" either.
More then 2 to 1 buys vs sells but down on the day. Conveniently it appears the last buy was held over until the market closed.
Someone wants to show this down again. I too look forward to the next quarter results.
Enjoy the weekend.
It will be interesting to see how this trades on the OTC Markets as we can say goodbye to NASDAQ unless there is a severe reverse stock split. Considering all I have seen here I would not be surprised to see that happen now.
Terrible. Something stinks here. It does not add up. I guess we will all see soon enough!
Let the false and manipulative walk down begin to counter the new interest in AWS. It will be temporary. Of this I am extremely confident!
Financing:
I am confused by your post. If it is not toxic debt what do you call a convertible with no floor? The President even stated he doesn't know how much dilution there will be. Given it was 37 mill and now he is talking about over 80million shares that is massive dilution. This will be delisted from NASDAQ soon unless there is a big reverse stock split.
When there is confusion it is usually done by design. I think the shareholders are getting screwed.
Acquisition:
Do you think the acquiring company will still want to be bought out by a company who's share price drops every single day for a couple months straight and is about to be delisted and dropped to OTC?
Yes I agree. There is some serious dedication to negative propaganda on this company since the 2009 high of $4.84. I too believe there is a naked undisclosed short. But either way I am confident the longs will prevail an come out on top!
With all the toxic financing and share issuances you think they would do some promotion to burn through it. I see many small NASDAQ's getting 20 times there return on stock awareness. Some way more.
These guys should spend $100k a week for a month and it will turn this around. If you are going to play in this toxic debt you have to budget money for promotion. This is pathetic that they are doing nothing!
Yes. I was patient when the stock went under .10 and had to hear this was "bankrupt" and "going sub penny". Patience was well rewarded.
Really? You cannot just hit the bid? I agree about the board. But either sit on the offer or hit a bid. Good luck in your next investment!
Yesterday's short sales also tells us there are no real sellers of stock even at .92+. That must be discouraging for a short seller.
A huge PR or awareness campaign and it appears this thing will fly up really fast.
I am confident management has plenty of news to announce with everything they have reported on and rumoured to be involved in. TimingI guess we will have to speculate om...
Funny how there seems to be a connection between the shorting and the negative rhetoric!
Yeah it made a move alright. Down over 80% in an hour. Hard core sell off at any price.