Friday, April 29, 2011 2:17:19 PM
We are all very aware of the S-1, up listing, and financials that has not happened yet and have been beaten to death.
At the time of the subject press release I contacted Pierre to congratulate him on being able to proceed with this very important data and information. He explained that it was the intention of the company to proceed before then.
The reason it had not taken place before that time was based on the time line the OPA had given everyone on the ability to approve and release contracts. The contracts AWSL applied for were in the late spring/summer of 2010, and AWSL was under the impression they would be approved and released at the time of the new year, what seemed like great timing.
After all an S-1 is nothing more than a resume for a company. Without guaranteed power contracts in hand, it would be like you or I putting on a job resume that we will graduate from a college when we haven’t even accepted yet. (my description, not his).
Here we stand , 4 months later and it still hasn’t happened. Well as we all now know, the OPA time line was flawed well beyond anyone’s imagination. Since this time everyone, management and shareholders are waiting. Nothing has changed except the anxiety of all in anticipation of the contracts.
The management of this company have been and are working hard on the behalf of everyone. It may appear as they are not, but I know that they are.
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