Atlantic Power & Infrastructure Corp. (AWSL)

[warburg]

sin, I appreciate your encouragement and really wish this and other informative posts would be included at the top sticky,.. but we all know thats not going to happen.


The contracts will be released by the OPA soon. The success of AWSL will then carry into managements other company (MEVT), as well as will extend itself into management's speculated associated plays (GRDC, BICS).

(Can you imagine when they get awarded hundreds of millions of dollars in contracts. things will change quickly)

FACT : The "only" leverage/ ammunition the nay sayers have right now is the delays in the OPA processing system.

The dealys in the OPA are contingencies that management cannot overcome on their own, but people here want you to believe its all management fault that government contracts are taking longer than anticipated to process. For some reason they want you think that the delays are all part of some criminal conspiracy. Its ridiculous.

Massive success delivering massive returns will be the greatest revenge,


Also notable...the delays in the S-1 are obvious.


An S-1 is meant to help raise money for working capital from the institutional investment community. Its the registration of shares, avail to sell to institutions, directly from the company.

The public company would include their targeted raise in the S-1.

For example, lets say AWSL included a request for $25 mil in the S-1, possibly to be used as an equity injection in their projects, as well as possible expansion of tier offices, work force, etc.

Without the contracts in hand, how can they possibly expect to receive the $25 mil ?
No finance company would buy the shares until the contracts are awarded.
Therefore, why bother submitting the S-1 until this has occurred ? that would be putting the cart before the horse.

Now granted, they already have significant amount of "project financing secured", both equity and debt, but this is different. and it is contingent on those contracts being approved and can only be drawn down on once the contracts are approved.

These funds are NOT raised through the sale of shares, therefore are non dilutive, and interest will have to be paid on it. The money is repaid through revenues generated by the projects.

Several months ago AWSL announced they were in final stages of releasing their S-1.

At that time I heard they were in the process of acquiring several OPA approved projects, which would have likely been included in the S-1. But the acquisitions fell through, leaving the S-1 incomplete.

What do you do in a case like that ? Thats simple. You "wait" until you have real contracts to include in the S-1 before you release the S-1.

Management know it was a mistake to say they were about to release the S-1, without doing it, ..but also shareholders appear to be smart enough to know that there must have been a good reason not to do what they said they were going to do. We know this because shareholders are holding.

Its coming soon.

: )