Replies to post #13911 on Atlantic Power & Infrastructure Corp. (AWSL)

[Gilda99]

"Is it the 4+ years of no pay while they built the business?"

How can AWSL be almost profitable if the Company hasn't paid its payroll for 4+ years?

I see $691,939 in salaries and wages deducted as an expense on the September 2013 (9 month) financial statement. Haven't any of these salaries been paid? Is that part of the reason the Accounts payable and accrued liabilities exceed Accounts receivable at 9/30/13?

I've always thought that the insiders' salaries were paid by issuing 12% preferred stock. I assumed that the $289,645 in preferred stock issued during the first nine months of 2013 was primarily for salaries rather than loans to the Company.

Gilda

Yeah judging by the $90. sale you mention. Is that "all the shareholders that are getting out"?

So if this idea of removing management is a viable one, we need to find a replacement.

Who could take over? It is one thing to vote them out, but it is another to have a better replacement.

But before we do we should consider: What is the failure in being "fiducially responsible"? Is it the 4+ years of no pay while they built the business? Was it the more than $3.5 million they put in the company? Was it the taking the company from a loss of $2,700,000 to its immanent if not current profitability on sales of over $5,000,000 in the past 2 years?

If anyone has a better group of candidates that are willing to take the job and can do better, I am certain the board of directors would approve this.

But the experiment with Cousin, the last rent a CEO failed. He made double what the current CEO makes and racked up all those losses and left trying to point the finger. I salute management for not throwing in the towel. But instead investing more, working more and making it a great turn around. But that is just my opinion.