Atlantic Power & Infrastructure Corp. (AWSL)

[Gilda99]

I'm shocked, shocked to hear that AWSL has disappointed its trusting shareholders. How could this have happened; there was never any indication that everything was not on the up and up. Here are my two-cents worth of obvious "tells" about AWSL's troubled history of incompetence and deception in the making:

1...The failure to disclose the Company's "going concern" concept
2...The sketchy financial reporting standards departures early on
3...The substandard financial footnote disclosures
4...The three-year period of financial darkness following the issuance of the 2009 financials
5...The failure to properly establish a valuation allowance to offset the overstated $1.7M deferred tax asset
6...The failure to provide for or settle the indebtedness do to the former IR Director
7...The overstated revenue projections from management
8...The lack of liquidity to assure the Company's timely payment of its debts
9...The total dependence upon the insiders to fund the Company through its Preferred shares
10...The insufficient updates from management while the Company falters, fabricates and fails

Go AWSL, Go!

Gilda