Atlantic Power & Infrastructure Corp. (AWSL)

[Gilda99]

It’s time to review and update $AWSL’s “progress.”

With 44.71M shares issued and outstanding and a market price per share of $.0155, the market capitalization is $692.97k. Where does that leave the common shareholders if the STOPped company were to be liquidated?

https://www.otcmarkets.com/stock/AWSL/quote

According to $AWSL’s last published financials as of March 31, 2017, $AWSL’s shareholders’ equity includes $5.4M of Series A preferred stock, so those preferred shareholders are entitled to the “preference” of being fully repaid before the common shareholders receive any distributions.

Keeping in mind that $AWSL had only $0.5k (that’s $451) in cash at end of Q1-2017 to satisfy liabilities of $702.9k, that doesn’t bode well for the likelihood of the common shareholders receiving anything for their shares unless the $1.7M in deferred tax assets were to result in the realization of additional liquidity, there would be only $1M available for the preferred shareholders even if the deferred tax assets were to generate its full carrying value of $1.7M in liquidation, an unlikely possibility in my opinion.

The clearest signal sent about the future of $AWSL was management’s recent decision in August to withhold the publication of financials for Q2-2017. Of course, we’re now in Q4, so the financial darkness continues to be blinding for $AWSL.

Gilda

Are they producing any new business?