Hi Gilda99, thank you for the welcome.
I can't comment on a single message board poster's ability to keep management in check but I will certainly add whatever insights that I can to the mix.
To be honest though, until May 6th there wasn't really anything anyone could have said with any certainty about this name because of the lack of disclosures from management - everything (good or bad) was strictly conjecture!!
Shareholders and prospective shareholders now have a data point to perform some fundamental analysis which, in my opinion, clearly shows that this isn't a billion dollar company, a $50M company or even a $10M company. I don't know about you, but after reading some of these posts, press releases and news generated in the independent press my "spidey-senses" were tingling that something was amiss.
Having said that, I think some of the criticism leveled at management is completely unreasonable. For example, the any-day-any-day-OPA-OPA mantra with respect to the delay of the S-1 and its associated financials etc. is totally justifiable. There is little point in filing the S-1 without any contracts in hand. To that end, the sad fact is that the OPA has done a horrible job at rolling out this program - whatever was supposed to take 1 month took 8 months.
You are correct that the financials probably won't look too pretty. But as a development stage company that is to be expected. If this were an oil & gas exploration company, the first few years would show significant losses associated with leasehold acquisitions, drilling programmes etc. with no revenues from producing well heads. However, one would expect them to hit some solid targets, get some reserves under their belt and then take this to the market to either finance the construction or get acquired by a more senior oil producer.
So what we are going to want to see in the S-1 is: a lot of FIT contracts and, hopefully, enough cash or commitments for cash (either banks or an industry player as JV partner) to finance construction. Only time will tell but based on the arguably fair assumption that all they have is 6MW, this management team hasn't generated nearly enough value to justify its existence and has sat idly by while the FIT program has passed them by. Look to a near competitor such as OZZ Solar (another crappy company but for completely different reasons) that came out of the gate back in early 2010 with 56MW of contracts (and likely will have more in this round ) and tell me AWSL with shady management and a measly 6MW is worth its current market valuation in an environment where ALL the low hanging fruit has been snatched up and the FIT program is in an existential crisis...oh yah, you can't.
However the old adage persists: "the market can stay irrational longer than you can stay solvent" That's the only reason I'm not shorting the snot out of this name ;-)
News 
Market Data 
Discover 
AI
