Atlantic Power & Infrastructure Corp. (AWSL)

[Gilda99]

$AWSL should achieve its destiny, for better-or-worse!

I've been a longtime critic of the kabuki theatre that management has played with the unaudited financials, especially since the current CEO, John Wilkes, is a former Big-Four (PwC) CPA and he knows how to prepare and issue credible GAAP-based financials. The fact that no interim financials have been published since Q1-2017, does not bode well for the future of the Company.

The overstated $1.7M deferred tax asset - the capitalized and deferred prior years' operating losses - is especially troublesome, since the proper presentation of the asset should be to offset the accumulated losses by a valuation allowance, which in my opinion would be substantial, thus substantially reducing the carrying value of the net deferred tax asset and, accordingly, $AWSL's net shareholders' equity.

Considering that $AWSL's common shareholders have more than $5.5M in preferred equity capital ahead of them in liquidation, I don't see much hope for $AWSL's common shareholders or for the future of the Company.

This is a penny stock, so nothing I say here should surprise you if you've done any due diligence. This is not like going to the movies where temporary suspension of disbelief is part of the enjoyment of the moment.

Gilda

What do you hope happens with this stock?