AAERF - May drop was...
largely due not getting contract on large wind turbine project on which they had bid - hope is that lost that one but another will soon follow. From news release:
AAER PROVIDES UPDATE FOLLOWING HYDRO-QUEBEC’S MAY 5, 2008 ANNOUNCEMENT
MONTREAL (Quebec), May 5, 2008 – AAER Inc. (TSX-V : AAE) (“AAER” or the “Company”), Canada’s only original equipment manufacturer of wind turbines of 1 megawatt (“MW”) and more, announced today that Hydro-Quebec has not selected projects for which AAER wind turbines were proposed within the context of Hydro-Quebec Distribution’s 2000 MW request for proposals initiated on October 31, 2005.
Later in same release:
The Company’s business strategy and commercial success is not dependent on the outcome of any specific request for proposals. The corporation is currently involved in other requests for proposals of various sizes and at various stages of development as well as direct sales in the United States and Canada.
Have been waiting for it to drop down to what consider super low level - then jumped on.
good to see you also.
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