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I've been sitting on this junk for 5 years. I'll eat huge losses someday, I realize, but there is no point in selling for a few bucks. The possibilities seemed excellent at time of purchase - the medical marijuana market was just gaining traction in a few states. There has been so much opportunity, and this management has finally gotten thru to me - they don't care about stock price. They're just selling shares they paid nothing for and chuckling all the way to the bank. What a travesty that they did not make us all wealthy and provide a great service and product, and have a great company besides.
I don't know; you tell me why this POS can't get off the ground: http://tinyurl.com/money-in-weed
Thanks.
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GlassFish
Haven't been here for awhile. Things don't look even as good as last year. BTW, the Doc K link to the MJNA lawsuit is ng. Thanks anyway.
Thanks. Appreciate the effort.
Somebody needs a capital loss for 2013!
Anybody have a link or other info regarding construction progress on "Portfolio 101 representing 12 utility scale rooftop PV assets in Ontario" begun purportedly 9/04/13? Thanks.
Looks good to me.
OK, what's up with the jump? No news stories anywhere?
What is the prevailing opinion regarding the danger legal possession and use of small amounts represent to the medical marijuana industry? If we can grow our own or buy it from shops, why would a label of 'medical' carry any importance?
Great suggestion. Thanks for the post.
Any "swindled" is in the future, if at all. Hang or get out.
I think all of us investors realize that that is a distinct possibility. It's more than likely why the negativity constantly promulgated by the detractors is so loathsome. Y'all think you're telling us (far too often) something we don't know?
I think that logic is specious. While the S-1 filing is very important, as is the generation of revenue, etc., to use another bestial metaphor - you're putting the cart before the horse. Isn't everything hinging on the OPA's release of NTPs? Because, if those are released, and everyone is so notified, THEN we can look to AWS to perform. If NTPs are released, we should see some serious activity in the stock, and a corresponding serious uptick in PPS. If that doesn't happen, then POS it is.
There are 20 FIT contracts at the old rates, and dozens more in the OPA's queue, waiting for FIT 2.0 resubmission, and - who knows - maybe there are projects that we don't even know about yet (got to admit, they've been quiet for quite some time and I doubt they are on holiday).
Don't let Diagonal's yellow sticky post at the top get you down, because that particular post re: "not being able to sell contracts and/or applications" is simply inaccurate.
FACT: There are many developers in Ontario buying and selling awarded, pre-construction FIT contracts and FIT 2.0 applications that are in the OPA's queue. It is done through a 75/25 split ownership (OPA Rule: the original applicant must continue to own at least 25% of the project until Commercial Operation Date.), then, once the COD is reached, the remaining 25% ownership may be transferred. When they are in application form, ownership is being transferred via a loan type structure. I don't really care exactly how it is structured, but I know for a fact that these types of transactions are taking place every day and generating a lot of $ for developers.
I phoned a company called Enfinity Solar about this subject today. They are an international company, well known in Ontario (hundreds of operating MWs internationally). They described in great detail that the above is common practice. Of course, don't take my word for it, call them yourselves:
General Inquiries:
Enfinity Canada Ltd.
1 Rideau Street, Suite 700
Ottawa, Ontario
K1N 8S7 Canada
Tel: +1 613.670.5751
Fax: +1 613-670-5701
E-mail: info@enfinity.ca
Website: http://enfinity.ca/
These not your statements? If not, where did they come from - certainly not from the court filing.
"such corporate actions & lies are sinful in regards to it's shareholders. Hopefully they shut these wipes down & bar them from ever being involved in any OTC stock where they lie to shareholders in order to steal their investment. aaahhh the Whisperers of the world"
Watch the rush to judgment. Those claims are in a lawsuit - yet to be proven. If they DO prove out, I'll be the first to agree with your statements.
Well, anybody that listened to the OPA webinar today knows there are some honked off developers and retailers out there. OPA's decision to make FIT price changes retroactive for those applicants without a contract is going to cost not only business for the applicants but credibility for the OPA (they do still have some, don't they?). Be glad AWSL has some contracts in place.
Anybody know the latest on the NTP status? I haven't contacted Brent in awhile.
Exchanged emails with Brent 10/12 re: upcoming OPA teleconference. Have not spoken with him otherwise.
Why do you care? Why are you still here?
good luck with that request!
$100 million investment in solar ....
http://epaper.investors.com/olive/ODE/IBD/
Back issues, Wednesday, 6/22, page A4
Champagne is on ice in the ship's lounge; meet you there when the first installation commencement date is announced!
Thank you, this is a great post, and provides the most salient explanation why governments need to embrace FIT programs. Regardless of the negative comparison of KWH prices paid under the FIT programs and market prices, the Green Movement (fostered and supported by forward thinking individuals and groups who have the best interest of Mother Earth at heart) will provide reason, sanity, and - most importantly - labor to take us into the renewable and self sustaining energy future. Prices will adjust as the market eventually dictates, but in the final analysis attitudes are the causes for adjustment. Go AWSL!
Yes, you're probably right. About all that occurs to me is that he might have just rubbed everybody the wrong way. When I met him last year when I visited the offices, he was certainly not big on conversation; in fact, he made it clear that I was wasting his time. When contracts awarded, probably won't matter much, initially, who the CEO is.
OK, who has the real skinny on this CEO resignation?
I think this came up once before: Of those running for political office this time around, there were some not so enamored of the FIT program (as you suggest re: "controversy"). Anybody know whether any of these guys got elected? If they did, guesses as to FIT fallout?
I think the title "most irritated" is up for grabs. I'm in the running. I'm not kicking dogs or screaming at my wife or anything, but the word "bureaucracy" could have 4 letters as far as I'm concerned. I'm quite sure that once the next round of contracts is released, and IF that list contains AWSL (everything the company says makes sense to me, still ...), all us long shareholders will be raising our glasses at about the same time.
Who can give us pros and cons to the planned reverse stock split?
You're right, of course. I knew that - my oversight. Thanks.
This new rule obviously adds a wrinkle to the process. Does anyone have a clue as to whether the "offer" referred to in the language below is a mere formality or whether there is some logrolling as part of the deal? I'd hate to think that this new rule has injected a political aspect into the equation at this point. AWSL applications are probably not affected given the time frame, but there is the future to consider.
"Rule change for new microFIT applications
The OPA has made a rule change that applies to all microFIT applications submitted on or after December 8, 2010. Applicants will need to obtain an offer to connect from their local distribution company before the OPA issues a microFIT conditional offer of contract."
There is also the possibility that AWSL will BUY some of these contracts to which you refer.
Well, to ease your obvious anxiety, you could just go do something else for a couple or three weeks and come back and see what's up. What if the management team (which, you leave out of your note, includes the leader, Pierre Cousin, someone not affiliated to my knowledge with the other companies you mention) is being straight up about everything and is working hard to bring you a successful investment in the next few weeks/months - why would you want to make their job harder?
For those who have not seen this before, happy reading. Emphasis added. Mr. Burg, I'm replying to you rather than the two ... others, since I don't want to provide them with any responses in case they are getting paid by response.
Ontario Announces Second Round Of Large-Scale Renewable Energy Projects
TORONTO, ON, Feb. 24, 2011 – Ontario is taking another step in building a clean energy economy by awarding the next round of Feed-in Tariff contracts through the Ontario Power Authority (OPA). There are 40 new projects being announced, representing more than 872 megawatts (MW) of clean power – enough to power 200,000 homes, or a community the size of Burlington.
Contracts have been awarded for 35 additional solar projects, representing 257 MW, four wind projects, representing 615 MW and one water project totaling 500 kilowatts. Of these contracts, five have been awarded to community groups and one Aboriginal project has been approved.
Combined, these projects represent an estimated 7,000 direct and indirect jobs and approximately $3 billion in private-sector investment.
These contracts are the second phase of large-scale renewable energy projects to be awarded under Ontario’s Feed-In Tariff (FIT) Program. Last year, the OPA signed the first 180 contracts for large-scale (larger than 500 kW in capacity) projects.
“The Feed-In Tariff program is continuing to meet its objective to encourage more renewable energy to be developed in Ontario,” said Colin Andersen, Chief Executive Officer of the Ontario Power Authority. “Interest in the program continues to be strong, and Ontario will benefit from the new clean, renewable energy that these FIT contracts will deliver.”
“Today’s announcement is another milestone in the success of Ontario’s Feed-in-Tariff program. With the addition of these new renewable energy projects, we are ensuring that more jobs and investments are coming to communities across Ontario as we build the clean energy economy and clean up the air for our children and grandchildren,” said the Hon. Brad Duguid, Minister of Energy.
Significantly expanding the amount of renewable generation is a key part of the provincial government’s strategy to address climate change by eliminating dirty coal-fired generation by the end of 2014. The FIT Program’s mandatory requirements for made-in-Ontario technologies and services also makes renewable generation a key part of the strategy to make the province North America’s leader in green jobs and manufacturing.
A listing of the second-round FIT Program contracts is available on the FIT website, fit.powerauthority.on.ca.
Large-scale FIT applications submitted up to June 4, 2010 that were not offered contracts will be subject to the first Economic Connection Test (ECT) under the FIT program.The OPA will be coming forward with details regarding the first Economic Connection Test.
In the coming weeks, the OPA expects to begin awarding more contracts for capacity allocation exempt (CAE) projects (under 500 kilowatts).
(If I'm not mistaken, this is the category all AWSL projects fall into - Mr. Money.)
The FIT Program is North America's first comprehensive guaranteed pricing structure for renewable electricity production. It offers stable prices under long-term contracts for energy generated from renewable sources, including biomass, biogas, landfill gas, onshore wind, solar photovoltaic and waterpower. The FIT Program was enabled by the Green Energy Act, which was passed into law on May 14, 2009. More information is available at fit.powerauthority.on.ca.
The Ontario Power Authority is responsible for ensuring a reliable, sustainable supply of electricity for Ontario. Its key areas of focus are planning the power system for the long term, leading and coordinating conservation initiatives across the province, and ensuring the development of needed generation resources.
Media Contacts:
Amanda Flude
Ontario Power Authority
416-969-6307
Toll Free: 1-800-797-9604
(I've called Ms. Flude just to chat but my vmsgs haven't been returned)
Looks like Mr. Fish is right - no information of the quality or category you stated seems to be available at the link you provided. Are we missing something?
Kind of a loaded comment there Mr. Fish "I would not wait until Monday." Is there something we should know, or do you just suspect that the price is going to drop?
Doesn't appear to be right link (www.ontariopowerauthority.ca)? I get this:
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Since AWSL has consistently stated that they have contracts in for approval by OPA, and that they are awaiting approval of contracts by OPA, if their contracts haven't been submitted, or are just sham contracts, wouldn't it be incumbent, legally, upon OPA to step forward and deny an affiliation with AWSL? If, in fact, there doesn't exist a viable process as so elucidated in the submitted contracts to OPA, wouldn't OPA have a responsibility to its shareholders and the citizens of Ontario to step forward and denounce AWSL? It seems to me that it would be exceedingly difficult for AWSL to snow the experts at OPA.