Atlantic Power & Infrastructure Corp. (AWSL)

[Gilda99]

Flat-lined at $.011 exceeding my expectations by 10%!

This is a penny stock without any significant common shareholders’ equity whatsoever after providing for an adequate valuation allowance to offset the gross carrying value of the overstated $1.7M deferred tax asset.

The Series B preferred shareholders have a $5.4M preferred stock equity claim against any net realized liquidated assets, so there won’t be anything left for the beleaguered common shareholders.

The company has disclosed the following legal matters that have not been provided as liabilities on the company’s last issued interim financial statements for the period ended March 31, 2017:

The company continues to receive legal demands and proceedings from a former investor relation director as it has over the past 5+ years. Management does not believe this to be a credible claim. Management believes it is neither in breach of agreement nor in default under its obligations in relation to this party/agreement and will continue to defend any actions.

The company has received notice from a note holder that the Company is in default on a settlement agreement with a former CEO now seeking default judgement. Management sees this as a priority and is working to rectify this as swiftly and efficiently as possible.

https://www.otcmarkets.com/financialReportViewer?symbol=AWSL&id=172021 on page 9 of 11…

Gilda

Will this ever get close to the .08 price of a year ago?