RE: RE: Time for some Change"Engage the USGroup that offered financing of $175 Million in January of 2011 whichAOS did not proceed with. Basic terms of the deal were: 11.5% Couponrate, 12 Million warrants at .75 and a 5 year term. This at least willdemonstrate to the marketplace and the ERCB that AOS is serious aboutthe Clearwater project and that the funds are in place to immediatelyadvance the project. In addition, it will stop the excessive dilutionsuch as the recent Canaccord financing."
pmrIder: It's the first I've heard of this. Where do you get the info from? Any other pearls you can share? Would the financing have been contingent on approval of Clearwater or irrespective? If the latter, could delays in the review have triggered default repercussions? And again, if so, declining the offer may have been the prudent thing to do.
Re the shareholder rebellion, who do you propose lead this uprising? And how will that person represent the majority wishes of the pool?
I have another suggestion. Many of us cannot figure why there's not more interest in this stock and more value placed on it. Your list of reasons sounds plausible and any one or more could be relevant to a greater or lesser degree. But unless you know much more than you have so far shared, your explanation is too definitive and precise for my liking. This is precaution, not criticism. A rebellion seems rash without more confidence that we know what's going on and why.
So here's an option: We pool some money to retain an analyst in the sector to do the research to provide a credible, informed opinion on what's going on. I've never done this sort of thing before so have no idea how practical it is or what it might cost, but I'm betting others on the board can shed some light.