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.
Isn't the short selling frenzy over when the only downtick is 150 shares?
Oh wait a minute, its friday, maybe we'll see another 30 shares or so trade at 3:55
Not too worried. This isn't about the market for me yet. Its all about those massive projects and revenues. You know the ones I'm talking about, the ones they'll never get approval on. Haha
TW, I'd love to see a Form 10 here too. As it sits, its a nickle and dime shorts paradise. Got to be making at least $30 a day.
Hmm, wonder what they'll have for their lunches today with all those "bunches" of money they're making.-- Bunches of Lunches, enjoy your sandwich
___________________________________________________
TW, thank you for posting the below. You're 100% accurate re EVERYTHING you pointed out and obviously very well versed in the international solar market
______________________________________________________
Diagonal, thanks for taking the time to reply with an honest, fair answer.... I admire your honesty while sharing what you believe, without trying to BS.
Please allow me to respond in red, in addition to what Emray may add.
Quote:
So someone finally PM'd me with the AWSL update and I have to take exception with your following statement:
Quote:
Says they sold their FIT 1.0 contracts and moved on to bigger and better things. Stated they already rec'd money for the fit 1.0 contracts
It actually says that they:
Quote:
entered into agreements to sell this initial 2.712 MW (AC) portfolio as a number of turn key operations upon completion of construction.
So this is a forward sale that they haven't been fully paid for - a very important distinction vs. your statement -and any receipt of money will be a partial payment akin to a deposit (albeit it sounds like a non-refundable deposit but without the notes to proper financial statements, S-1 etc. we can't be sure). Again, you can't sell a FIT contract until it has reached COD and any deal they might have entered will be CONDITIONAL upon them achieving this milestone.
You’re kind of splitting hairs, but you’re right, this may be a non-refundable deposit. But none the less, if its being recorded in the 2012 financials (as indicated in the shareholder update) it represents the first real revenues in the company and must not be disregarded as such.
Furthermore, it was wise of the company to structure it this way, because as you know the further along the projects move towards COD, the more they increase in value. This was good business on management’s part to structure it this way, and the fact its such a string sellers market, likely helped enable this.
Whatever the case, in such a strong sellers market, its likely this non refundable deposit was sizeble and shows a strong belief on the part of the purchaser that the projects will in fact reach their NTP and COD.
You sound knowledgeable of the way thinks work (at least in Ontario), therefore you’re likely familiar with how companies have been getting around waiting for COD before they sell their projects. In all likelihood, you already know the name(s) of the company(s) that bought these projects, therefore likely have an idea if they are capable or not : )
Thankfully, it seems like construction financing has been put in place by the buyers and AWSL need not worry about this.
I’m glad you finally agree this isnt an issue.
Another item that I am surprised hasn't been commented on is the following:
Quote:
The Company still awaits Notice to Proceed, (NTP) on these projects.
Ummm that's a big red flag but likely explains why this didn't come out as a formal press release. Not only is the sale of these projects (i.e.. no 20 years and millions upon millions in long-term revenue to AWSL) conditional but their OPA FIT contracts are still very conditional.
I agree, its not good news, but its not necessarily bad either. I’m not sure that this has anything to do with why the company has elected not to do any PR’s in the past year and I'm aware of several other companies that wait for NTP from Pahse 2 of the approvals, so its not necessarily a red flag as you indicate.
We know that ASI’s 20 contracts were spread out at different addresses across GTA, so I cant imagine that all 20 contracts have some sort of issue that would interfere with them reaching NTP. This is common sense. There is another reason, possibly a good one.
At the end of the day, if there were any value-relevant developments for AWSL to share as a publicly reporting company, we would have to see a press release vs. this email to shareholders as this would represent material information that can not be shared in a non-public manner. The corollary of this is that by definition, this email update does not contain any material information.
How can you possibly be the one to factually determine what they would have released news in regards to ? So are you saying they 100% for sure have not received NTP's on any projects in Ontario and/or any PPA’s in South or Central America, and/or made any progress anywhere that would be worthy of a press release by most other OTC companies ? Rest assured, you are mistaken on this too.
My take is that the update is quite a bit better than Whispers but the investment community needs to see NTP, FIT 1.0 construction AND additional contracts before closing the distance between the share price and intrinsic value - btw NTP and FIT 1.0 construction is not nearly enough by a long shot.
Personally, I believe this was a classy way to update shareholders re what they’ve been working on and I believe if they didn’t have something bigger "IN Hand” in some of these new regions, they wouldn’t have eluded to what they’ve been doing, because they run the risk of being failures, or worst, falsely being publicly accused of lying due to “situational contingencies” beyond their control, such as “timing”. Whatever the case, they have elected to not talk about what they have via Newswire ? Why ? ; )
As for the “investment community needing to see NTP, FIT 1.0 construction AND additional contracts” as you stated, I asked the company if they have been asked via email or phone about this kind of info, and they say simply replied "Noone is really asking about any of it, most supporters realize it will come when it comes".., but yet most shareholders are obviously still holding (as far as FINRA is concerned), and this isn’t even factorin the degree of naked shorting that has gone on here.
Gilda’s post earlier re stating “There are only 750 shares reported to be short” validates what I’m saying. - Note her safe choice of words using the word “reported.” Rest assured, there is a massive short postion here, much larger than 750 shares, but obviously its naked short and NOT reported. If this was not allowed, or they were covering as per law, I suspect we would still be up around the $3.00 level. But it is what it is, right ? ; ) A forced buy back would make this pop big time.
Finally:
Quote:
The going rate for a development fee for a 50MW project is around $1.00 per watt
Without spilling too much ink on this, the above is a very misleading statement for any readers of this forum. The only sorts of places you can achieve these kinds of numbers are in markets where the PPA rate was set a few years ago (eg. Ontario).
Allow me to spill the ink, seeing how I may be more up to date in this arena. This strong statement you made is simply untrue Diagonal. You’re not even leaving any room for opinion. I’m not saying you are intentionally misleading anyone, but no disrespect, you clearly aren’t aware of what is and has been going on outside of Ontario. How can you suggest that a $1.00 developer fee is impossible, when you don’t know exactly the country’s they are in, or maybe they have done private PPA deals directly with governments, outside of FIT programs. And even if they are only operating within FIT supported regimes, I know that Ecuador’s program is paying “higher” than Ontario’s ground mount rates, and does not cap projects at 10MW, do not require domestic content enabling much lower EPC rates that you quoted at $2.00 (try more than 25% less than that in some regions), do not carry as expensive development costs, connection costs are significant lower, the rates can even be higher at times, and they allow the developers to keep any carbon credits gained. This is all going on now, today. So how can you possibly suggest a $1.00 development fee is impossible in these other markets, when in actual fact, it could surpass $1.50 under the right conditions. According to the shareholder update, they had positioned themselves in South and Central America approx 1.5 year ago, therefore how can you can Emray’s post be considered misleading when in fact it’s your post that may be misleading.
In more mature and competitive markets such as Germany or the US, developers can only expect fees in the $0.10-$0.30/W range.
I’m sorry, but I didn’t’ see them mention Germany or the U.S in the shareholder update. I only read “Latin America, South America, Ecuador and Central America” (some of which may be considered to mean the same thing). I can name all the countries covered in these specific regions if you like - ? But most importantly, you referred to these as these power paying markets as "mature markets", but as you know since you read the shareholder update, Atlantic was/is focusing on "new emerging markets" not "mature markets" hence the reason why rates are higher. The whole purpose of a FIT program is to phase it out slowly by reducing rates. But you know this already.
The capital expenditure on a turnkey solar system is $2.00/W or less - with pre-construction development expenses in the pennies per watt to ~$0.10/W max.
This statement may be true in particular markets, again "mature markets" (i.e. Germany, etc) , but does not apply to certain regions of South and Central America, according to my due diligence. According to my sources, EPC can be even lower than $1.50 per watt, and development fees can be as high as $1.50 with soft cost capital being in the pennies, depending on positioning. Don’t forget, these projects aren’t capped at 10MW like Ontario is/was and the economies of scale savings combined with non-Ontario domestic content compliance and the recent massive decline in raw poly-silocn prices makes this animal a completely different market. Not to mention, these countries have some of the highest solar irradiances in the world, and sit directly on the ecuator. The very name Ecuador means equator. I’ve heard of takeout prices in the $3.00 per watt range in some of these regions. Peru, Chile and Mexico are other hot hot markets right now, offering similar returns for companies getting in “today”, not a year and a half ago as Atlantic may have. Puerto Rico, Domincan, etc etc -- I can name other hot markets too if you like - ?
This asset class IS NOT like an oil well or instagram business where you can earn returns in the orders-of-magnitude scale on an individual project.
They’re not ? So all this news I’m being told by other developers selling PPA’s and turn key projects to large takeout partners is all BS ? Sorry Amigo, I think you need to check your notes because I know this for a fact.
If management CAN get some 50MW PPA's on the other hand, it certainly points to a re-examination of how over valued AWSL is.
I’m glad to see you wrote this comment and I agree 100%.
I’m wondering how would 100, 200 or even 300MW of PPA’s at the above rates (90% higher than your seemingly low, underestimates) would comply with your statement ?
Again, if they positioned themselves a year and a half ago as they reported, they may would have stumbled on a gold mine and beat the rush - Actually, this environment is far better than a gold mine.
I’m not here to insult you Diagonal, as I said before I believe you’re very knowledgeable, but there is a lot more to this story that we’re not being told YET and as promotional as this company may have seemed to be be at one time, I think they have changed their tune/strategy altogether. They haven't released a peep on the wire in all this time. Why ? Could it not be they want to do it right, generating huge profits from PPA's without the need for the sale of stock ? Could it not be they see the bigger picture as for a large cap company ? Could it not be that any restricted shares they have would simply be a bonus ?. Keep in mind, they have financed the company all this time out of pocket, and have not taken salary draws for over 4 years. Could it not be their hearts and heads are in the right place ? - Or is it all a lie in order to sell a hundred dollars or two of stock a day ?[/color]
You referred to them doing their S-1. Im not necessarily sure that if I were them, I would do the S-1 , if in fact I held large PPA’s (as may be the case here.). If I were them, I’d be more inclined to go right to the AMEX by filing a Form 10. This would force the naked shorts to cover (hehehehe) and qualify the company to become SEC reporting WITHOUT freeing up a bunch of shares in an offering (S-1). They won't need to. Remember, it was Cousin that was bent on the S-1, and since he left the new conductor elected not to file it, therefore there may be a change in strategy all together, especially in view of some of these massive developments in South America over the past year Trahan appears to have miraculously pulled off.
It sounds like this developer model may be hugely profitable after all.
You can’t argue that when AWSL first hit the street in Ontario, despite not being seasoned in the sector, they had a huge upper hand by positioning themselves with Cushman and Wakefield while gaining access to so many rooftops. This took some skill and was brilliant. I heard C&W stopped doing a big push in view of the OPA being too slow in process, resulting in agents not seeing their commissions for a long time. You have to admit, if the OPA had of followed through with what they said they were going to do, and if ASI had of received 150+ rooftops approved within the 6 months the OPA said it would take, this stock could have taken off and held big time. I believe this new market in South America presents that same opportunity (if not bigger) and now that management are seasoned veterans having survived the Ontario hurdles and hopefully have learned from their mistakes, it could very well have a very big chance of massive success. I believe they are there now.
I do blame in management in part for choosing some undesirable partners (i.e. Hybridyne, Cousins ) and believe this also slowed them down. But despite these bad decisions, they still overcame the odds presented.
I also see some of their past strategies re the types of awareness and the nature of some press releases as being a bit of an issue too, but if things had of progressed on time, this strategy may have worked in terms of advertising and image. I think its clear that they have learned from these mistakes too, due to the degree of their silence. Unfortunately it brought a bunch of “unethical” shorts too, but they will get squeezed out at the right time, and it could actually help the deal in the long run ; )
Myself and others who have elected to remain quiet at this time have been here and will be here for the long run.
Are we allowed to share the real names and addresses of conniving short and distorts here ?...maybe some aliases from "other" boards ?
Please say yes.
: )
They might grasp at info from 2010, but the shareholder update is from last week.
: )
Despite the OPA moving at a snails pace, a lot has happened since 2010, I can assure you of that. (it might even be just enough time to have secured some massive power purchase agreements in other countries)
: )
Time will tell, hopefully the company decides to share the good news
: )
Like most other companies who "were" working in Ontario, Atlantic has modified their business model, due to a number of "situational contingencies" that caused delays, thanks to the OPA and other bureaucracies.
If you read the shareholder updated, you'll see that as a result of these delays, they elected to initiate projects abroad, a long time ago when they first said they would.
They also elected to not keep sinking money into the slow, uncertain Ontario market while arranging to sell their FIT 1.0 contract approved portfolio.
This will show millions of dollars in the financials which will be released in Q1 2013 and will not only represent the first significant revenues but will probably give them some nice soft cost capital for FIT 2.0 and other projects abroad.(aside from what management continue to put in of their own $)
Whatever the case, despite having submitted another 13MW in FIT 2.0 applications in mid december, they had elected to quietly start developing large scale projects in South and Central America almost 1.5 years ago, while everyone was focusing on Ontario, BRILLIANT !!!!
Notice how they didn't say they are initiating these projects in South and Central America now, but instead stated it was done quite some time ago.This isnt about tomorrow kids, this is about here and now. Anyone know how long it takes to fully develop a project in South or Central America ?
I bet it doesnt take much longer than a year or year and a half. Haha
They put this update into an email instead of Newswire, which means they dont see it as news worthy. Can you imagine the type f news they must think is news worthy, if this isnt ?
And they are not telling us to wait, but rather expect something big any day. Again, they did not release it via Newswire, because this news isnt about "trying" to generate volume.
Holy way to downplay it.
Further more, there are no shares being sold, therefore obviously this is not about managment trying to sell shares, as is constantly insinuated by the you know who's...So whats their underhanded intention ? lol.
The writing is on the wall, this is about to be very big, as myself and others have been saying all along.
They mentioned approx. 200MW of projects initiated some time ago, plus whatever they didn't mention.
Despite the rumours, this company is obviously not a promotion special, in fact they are quite the opposite. All do and no talk.
They elect to remain quite quiet and will let the revenues speak for themselves. Don't be surprised if they have already received approval on some of their projects abroad. I cant see them coming out with this update, if they have not received approval, but this is only my speculation : )
For the record, the average development fee is approx $1.00 per watt globally. The profits on the 100MW project would be $100million dollars. EPC costs have dropped significantly outside of Ontario. The price of solar is quite below grid parity in much of south and central america. This is about needing electricity in these countries, not about reducing carbon footprint and votes for the liberals.
Wonder what size projects will be awarded PPA's first, or rather, I wonder if they have already received PPA's for any of those apps they put in abroad a long time ago. Weeeeeeeeeeee !!!!!!!
: )
Karma baby : )
I received it too. Its great news. They have some big projects in South and Central America, just as was suspected.
Says they sold their FIT 1.0 contracts and moved on to bigger and better things.
Stated they already rec'd money for the fit 1.0 contracts, therefore they officially have revenues.
This is all very good news.
Also said they arent doing regular press releases any more unless they are big news.
I dont see any promotion, lol. so much for the company being all about promotion, lol. to put an news update out, right after xmas, with big updates, at the worst time of year, without an official PR via Newswire is anything but promotional.
: )
long and strong.
dont be surprised if the next news is about them receiving PPA's for as large as 50MW projects, in the days or weeks ahead. The going rate for a development fee for a 50MW project is around $1.00 per watt, therefore that would be $50 mil dollars to Atlantic. A far cry from when they started up a few short years ago.
I think i'll borrow the words of the greatest hair dresser and beautician of all time, the one and only Vidal Sassoon; "I don't try to give advice about anything i'm not, unless it has to do with a woman's hair"
This advice can apply to so much here. I have no doubt the company will succeed
The companies he names have all one major thing in common - they were all attacked by short and distort professionals around the same time, which caused the share price to drop significantly.
saulucy, the company was investigated by the SEC quite come time ago as result of the PSC promotion. As with any standard SEC investigation, the company would have had to validate all previous press releases, as were reported on by PSC. There were obviously no lies announced because there were no discrepancies found by the SEC. Two - three years later, the stock still trades, unlike predictions by short sellers . These are/were ridiculous accusations. There may have been delays, but there are/were clearly no lies made by the company. All the past press releases are true.
Delays are part of life and any business, especially businesses that rely on slow government policies.
Anyways, from the sounds of your last post, it seems you're on track. I hope this new year is prosperous for us. Bottom line, if no big news happens this year, im out. But i strongly doubt that will the the case because the company hasn't lied.
i got a good feeling that this is about to happen in a big way. But then again, maybe its just christmas cheer. Nah, its gonna happen.
No doubt in my mind, this company is gonna get their s together and start dishing it out
The company has clearly changed its approach to market - big news & success ahead.
Anyone and everyone who subscribed to the company's corporate email list received the xmas message. Can you imagine being accused of being and an insider because you received a holiday greetings email from the company ? lol
The .375 bid is the after market open order. So it closed 40 / 45.
: )
I noticed 2 bids on AWSL over .37 and a bid at .40. The 40 was there for 3 or 4 hours today without getting hit.
Appears that somebody if looking to cover slowly. Its so obvious.
.375 by .45 isn't bad. Still no sellers in sight. Sounds like some good news may be coming soon.
As far as your "buy on rumour and sell on news" goes, its been more like "Sell on rumours and don't buy on rumours" , which explains the stagnant share price and lack of volume.
Sounds like AWSL management are getting ready to set the rumour mill straight : )
Diagonal, you said:
Company releases xmas wishes, with a promising message:
Dear friends,
From all the staff at Atlantic Wind & Solar we would like to thank you for your continued support in 2012.
The year was marked with Atlantic reaching a number of new milestones both in Canada and abroad. We look forward to updating our shareholders shortly on these exciting developments.
We wish you and your family all the best during this holiday season and a new year filled with joy, health and prosperity.
We look forward to working together in the new year.
Sincerely,
All the staff,
Atlantic Wind & Solar
Looking ahead
Stay tuned for our year end update...
Sounds like we may be in for some milestone news. Hmmm, but how can that be. Thought they were asleep for the past year and a half, apparently not.
Yes, i did say "they have been quiet all this time building their mega-business DUE TO shorts isnt a stretch of the imagination at all. I'm not suggesting they are a mega company already, but one thing for sure, they have a lot more than they started off with and are o the right track and likely have a lot more going on that you and i are aware of.
They have been quiet re releasing news, due to not inviting obvious distortions of the truth from short sellers and possible "further" tortious interference from the same culprits. Why risk announcing something if its not a done deal quite yet.
But I didnt say they have begun construction as you suggested. I did say it is possible they started construction, due to the fact that they've been so quiet for so long, but its likely they have not IMO, but anything is possible. We simply dont know.
Personally, i think they should get out of ontario all together and get rid of their FIT 1.0 and FIT 2.0 portfolio's, as many others seem to be doing. Skypower seemed to start that trend after the loss of their law suit against OPA. Theres so many other prospering markets, i dont know why anyone would focus on Ontario, being the process is so painfully slow.
you said:
]Trahan and the rest of management and some contractors had agreed to not take any salary draws until the company becomes profitable.
This was the former CEO's problem (Cousin).
Cousin wanted to get paid up front and also take big bonuses, before the company had generated any revenues or become profitable.
In fact, its been the exact opposite; Management have been personally funding all expenses, including rent, other employees salaries, FIT applications, CIA's, Engineering, deposits, travel (to where we'll have to wait to find out), etc.
After the OPA took so long to process applications, this may have had something to do with why the company decided to cut back "in Ontario" while reducing expenses, while they focused on new markets. Its been what, almost 1.5 years since this occurred.
They also changed to an all commission basis with employees (for the time being).
Who knows, maybe they even opened another office in another company. Any comments on what markets they may have wanted to target ?
Will be interesting to find out what they have been working on so quietly all this time.
Anyone want to take a guess how much in contracts in other markets they have received, and/or are close to receiving ?
10, 20, 80, 100, 200, 500, 1000 megawatts ? What figure would have to be achieved to get this stock up eventually ? Let me guess, it's impossible because Streetsweeper says it is. LMFAO
Massive success is the greatest revenge, good for shareholder value too.
Hehe
Why do you assume nothing has been built yet ? ..or Maybe they sold some of their contracts.
Oh ya, according to reliable sources they're the only company that participated in FIT, with contracts in hand, that aren't allowed to sell them. LMFAO.
Until they have achieved a certain level of completion that can not be interrupted by distort intentions and/or tortious interference.. This does not necessarily mean until construction is completed. Not here to argue, just telling others what is going on. You can choose to ignore it, or believe. Makes no difference to anyone.
I prefer the truth
Yes, of course he was. Cleland was COO of Atlantic at that time.
It was Cleland who was dealing with Morton's but he dropped the ball on the job.
Atlantic had a signed deal with Morton's. Do you really think if they didn't have a signed deal, they would have announced it ? Do you really think Morton's wouldn't have sued Atlantic for making such a claim if it wasn't true. This is common sense. Fact is, Atlantic shouldnt have announced that deal publicly because short and distorts contacted Mortons and interfered with the progress.
At least the Company learned an expensive lesson a long time ago. Since then they stopped announcing the names of proposed projects until they are completed.
Streetsweeper twists everything around in an effort to short stocks. The Streetsweeper article wasnt true and distorted the truth. You and i both know that.
Theres been no promotion of any kind in a couple years and barely any news.
Ppl can pretend the company has shut down, but we all know it hasnt by the municipal meeting minutes, clearly discussing Atlantic's progress (and this only indicates the company's progress in Ontario)
I'm quite confident they have made a lot of progress elsewhere and will be proven right as soon as the company starts releasing news. Until then, the games continue.
Thats because the german owners bought morton salt after hybridyne made the deal with the original owners out of bahamas, not the office out of detroit, or whatever division the germans took over. It was hydridyne's deal Red, therefore if you're talking about mortons salt, you are talking about hyrbdidyne. It was Tom clealand that was talking to mortons. Call the company or email them, they will put it in writing for you. It was cleland who dropped the ball on that deal. Til then, you might want to get your facts straight.
Stuff as in many many more big projects, equating to big revenues. Rome wasn't built in a day and its been quite some time now since the company released any good news. Don't you agree its about time they should have made some progress over the past year or two, if in fact they are the real deal ?
: )
hmmmm, interesting Gilda, thanks for sharing that insight.
You said:
Its called building a foundation. Time will tell re what they've been up to all this time, wont it diagonal.
Lets mark todays date. Its trading under .50 cents and I suggest its a buy at tis level. I predict lots of good stuff to happen. Lets see if im right.
Lies from GT and BO ? BO hasn't been with the company for over a year and a half. Not sure where you're getting your info from, but obviously its not too current. You may as well blame PC or CM too, lol.
You say "no news" but yet you say they are lying ? Kind of hard for a company to lie when they dont speak. Hows that for logic ?
No office ? No new projects ? How do you know this ? Its simply not true.
As proven and shared here multiple times, the company has been making headway while getting municipal support letters for MORE FIT contracts, etc and have been working in foreign markets. That constitutes as progress in my books.
Other than protecting those unsuspecting dividend holders from the lies put forth from S&D's, I dont even know why i bother.
Proof of what Red ? Proof the company is real ? go to the OPA's web site and see the past awarded contracts yourself to see the company is real.
If you want PROOF that the stock is going to go up 100% for sure, I'm sorry but obviously I cant give you that. In fact, im not sure of any company that could.
Gilda, I'm told the promotion helped enable in excess of 7,000 shareholders to enter company, while enabling the company to get the required 5,000 shareholders necessary to eventually uplist. The stock dividends issued marry those 7,000 shareholders to the company until they complete their
s-1 and pursue their uplisting, enabling the sale os these shares. Therefore to suggest the promotion "failed" (as you repeatedly refer to it), is not only pressumptious, it's outright misinformative. It sounds like you beleive the promotion was meant to get the share price up and keep it up and that's it. This is not necessarily the case, but im sure it would have been nice if it were.
As for the need for financials, etc, before we will see the the big gains, I couldnt agree with you more. I think its unanimous across the board that we all think financials and an uplisting will help, as revenues, etc etc. will.
I suppose our only difference lies within some of us are willing to admit that there is a strong possibility of achieving these milestones, while others want to pretend it will never happen and that the company has nothing and will never have anything and is on holidays (despite multiple strong evidence supporitng the contrary).
Lets face it, they have 20 approved fit contracts worth millions of dollars and arent going to walk away from those for nothing, after all the work they put it. This is common sense.
I never suggested it would go up to $10, so stop putting words in my mouth. I didnt suggest it would make over 4000% gains from where it sits today, I said it could reach new highs and that i made over 4000% in the past. You're twisting my words.
I got in at a much lower SP last time and sold high. I also got in at lower prices than todays price for some of my current position. I think it will run again much higher and hopefully soon. So far my instinct re AWSL has paid off big time, as im confident it will do again.
Thats an outright lie/misinformation you posted. I know for a fact that O'Conner's shares are restricted and have in writing that he hasn't sold a single share to date, which is much more reliable than your hunch. He has no reason to risk himself by putting it in writing to me and i trust him.
As for Trahan, O'Conner told me in writing that GT had to disclose to the SEC re any accounts he had/has control over and knowing that the SEC conducted a thorough investigation without discovering ANY wrong doing, again this is contrary to your post and is much more reliable than your hunch while PROVING there was/is no wrong doing. Unless you want to suggest you know more than the SEC, i think tis should put an end to such misinformation.
The fact this went up to such highs and held on the promo is also proof there was no big dumping as some want to have us believe. Anyone who know anything about "most" stock promotions will validate they usually go up and come right back down, far below levels where the promo started. to date, we are still up 1000% from where the original promo started, when factoring the dividend (.10 cents).
As for the absurd 4000% gains you refer to, I made in excess of that and the reason "I look back" (as you put it) and bought again at lower prices is because I know for a fact that the company is not dead in the water as you try to say it is.
Im not here trying to pump this stock as you suggest, and if i was, I'm sure not doing a very good job, due to obvious lack of volume. I'm here to share the truth so others arent talked into selling and taking a loss on false info.
I'm standing up for what i believe in which seems to upset some.. and i believe that this company will deliver upon their word.
Thats ok Saul, there will be lots more in future, once the company starts to unveil the curtain. Until then, lets appreciate having the opportunity to be board hogs.
Im confident early in new year this will pick up. Im hoping early January. fingers crossed amigo.
They (management) obviously don't want it to go anywhere yet, or more so, don't think its time yet to go anywhere, otherwise they would be reporting to the public all the progress they've been experiencing via press releases. Sounds like the perfect recipe/foundation for a good investment to me. Hopefully we will see filings and S-1, packed with some nice revenues and approvals in far off markets that are less bureaucratic than Ontario. This is why i'm here holding.
As for your concern about shareholders who may have bought higher, before the pull back caused primarily from short and distorts and a slow OPA, Im concerned about them too. Thats why im here. I dont want them to be talked into taking a loss by shorts and distorts. I'd rather see them hold and wait for what i know is coming.
When i first bought AWSL, it was experiencing $20 trades and didnt have an audience. I made well over 4000%. These $450-$100 trades are not a reflection of the future, as were the $10 trades of yesteryear.
Gilda, you said:
Finally some common sense. Thanks fro your post and welcome to the board.
Seems that some arent very good in math.
I'm not sure how quoting another poster who is no longer with us is supposed to prove anything, but I'm sure whatever reason the company chose not to move forward with their original plan/timing re releasing the S-1 (as this poster obviously felt confident about) was a good one.
Could it possibly have anything to do with the former CEO (who was dismissed) and/or the fact that the OPA was much slower to release contracts than anticipated ? Situational contingencies my dear Watson - an inherent part of any business plan for those who have never been in business for themselves.
Our thoughts and prayers go out to all those impacted by the tragedy in Connecticut
How come the links you provide don't work ? Pls validate what you're saying. News flash, most companies these days lock their domain name, so thats hardly proof of wrong doing, lol
So you're claiming Trahan the AWSL CEO has "during the quiet period" formed a new company called Walton Energy -- This is not true.
In your post you quoted "The company is the Nation's pioneer in gas lighting".
Since the pioneers of gas lighting in America were in the mid to 1800 as outlined in Wikipedia, I guess what you're basically saying is that the AWSL quiet period dates back to the 1800's. I must admit it has taken some patience as an AWSL shareholder to get thorugh the quiet perioud, but the 1800's, c'mon, we're not stupid. The company hasnt been around that long.
Just when i thought it couldnt get any more ridiculous.
Long and strong - AWSL.
Go through some of the older posts re municipal support letters, etc and get up to speed. Despite lack of news, the company has been very active, which is a great sign of a company that is not running on hype or hot air as some want you to believe.
This stock hit $4.83 on huge volume a couple of years ago when the company first started up. Since then their operations were slowed down due to the Ontario Power Authority' dragging their feet approving FIT contracts, but the second application window has officially opened this past Friday and the OPA promise to process contracts quickly (fingers crossed the Liberals are telling the truth this time)
While looking to hedge their bets, an experienced AWSL management decided to diversify while focusing on foreign markets over a year ago. Most solar markets take a year or so to process PPA contracts from start to finish, opposed to Ontario which has taken almost 3 years to process some (Yes, some of us have waited that long as crazy as it sounds), but we're hoping that some of those foreign markets and the balance of the Ontario FIT 2.0 contracts will now get processed and awarded. If our instincts are correct, we shld be hearing good news soon. When I say good news, I'm talking big news worth announcing. We've been able to uncover plenty of good news, via municipal web sites, etc, but obviously not news that management feels is worthy to discuss.
We've also been able to witness AWSL getting several contracts awarded, to the tune of millions and millions of dollars in assets. These assets can be sold "as is" for over $1.50 a watt, showing income for the company.
Once revenues can be shown in the books, combined with assets, we're confident that the company will release long awaited financials and their S-1.
Management and contractors were putting their own cash in and not taking salaries all this time while holding restricted shares ( not being sold during any awareness campaign, etc.), In other words, they are heavily invested in the success of the company and are still busy working to make it a success. To suggest its dead and has been walked away from, is just ridiculous, especially in view of the tidbits of info we're able to uncover clearly demonstrating the company is quite alive and well.
Today it sits at an all time low but yet the company is closer than ever before to achieving its goals. While factoring the old high of 4$.83, common sense says this could be a great play from where she sits today.
We all know that management are believers in awareness campaigns, thats no secret, so fingers crossed that we will once again see "effective" awareness, once all the i's are dotted and the t's are crossed. We cld see new highs of well above $5.00, with or without awareness.
I've already made well over 4000% gains from following my instincts on this one and plan to do the same from these low levels once again.
This is definitely one to keep on the radar.
Remember, dig deep or lose.
How can the believers here be "keeping their money off the table for the most part" as you stated, when they have already invested in AWSL's stock and obviously continue to hold ? Your statement makes no sense. Just because we dont start mortgaging our homes to buy more stock, doesnt mean we are keeping our money off the table. We're already all in, our money is already on the table. And as you're reading, some of us are still trying to pick up more super cheapies, but arent getting filled. Lets face it, theres no share avail to be had at these prices.
There will be more believers in the future, mark my words and this stock will run again - you and I both know that - and the shorts are fearful of that happening for obvious reasons.
Now lets part ways and look forward to the next news that comes out from this very quiet, very busy company shall we.
You and I both know the momentum is coming, as will the financials, S-1, more projects in other regions, etc etc. You and I both know it.