The last two times i have spoken to them, they were on their way to meetings at Cuhman and Wakefields offices in T.O ...i almost think they are working out of Cushmans offices, and i know that their awyer and two of their directors work from home down south and am told that the UPS box is close to those home offices...
lets face it, if they were selling stock off like these shorts would like us to believe, im sure they could afford to rent a temporary office, even just for show...the fact is, they are keeping their overhead down, which is good news for us investors.
its all about keeping the burn rate down,...so many big companies go under from having too big of burn rates..
I'm not sure if everyone understands that AWSL has to finance these rooftops installation projects themselves, before they can sell the power to the grid...im confident that some big fund will step in and help,, but until those power purchase agreemnts (PPA's) are passed and approved, i dont think we will hear about these finacings or see them announced...again, it makes sense if they are secured with the PPA's...
of course AWSL wont be finacing the last $8.8 million in sales they recently anounnced, because those were straight sales...AWSL wil make 47.5% of the profits on 3 of those sales, adn 100% of the profits on the third one..
hope that helps people get more of a clear picture what they have invested into
: )
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