Judging by Sam Khan's web site and qualifications, I wld say YES, AWSL's accounting principals are likely to be considered "generally accepted" and I'm pretty confident that the company's 20 approved FIT 1.0 contracts are valued at more than the company spent to develop them. I'm also confident that their other FIT 2.0 Ontario projects and foreign projects are worth more than the company has spent cultivating them. I'm curious, when the company feels its time to release financials supporting this common sense, what will the next concern be ?
It was said that AWSL had never even applied to the OPA for FIT contracts, then not long after the OPA released a press release validating that AWSL were awarded 20 secured contracts worth millions of dollars. Although the govt program in Ontario is very slow, the company is very real, and AWSL got a good head start. Its still a start up, but has come a long way. At .50 cents a share, I believe its a bargain down here as the company moves towards showing its hand via financials, press releases, etc.
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