Member Info for APRJAX

Hi UtilityInvest. It is not the same management. Yes founders still there. But, it was really when new head of sales came on board when the stock skyrocketed and all metrics improved across the board. What did Campion, Anderson and their cronies do when stock hit all time high?! Did they believe in the company? Buy more stock which sends the right signal to the market and other investors/shareholders? Nope. They dumped all their stock?! Not surprisingly, Soros, the Capital Group and others also took their cue and sold off. When Martinez left, did they put a qualified CFO in place (keep in mind that Martinez had just replaced prior CFO), nope, they put Munro who had never been a CFO and under his leadership APR's had a qualified opinion from the auditors, the bank covenants have been breached, stock at all time low with current shareholders continuing to sell. When the announcement came out that Campion, Anderson and Lee were going to continue to lead, APR stock dropped 11%! When COO's departure was announced was made APR stock dropped again materially. Clearly the professional investors have spoken on what they think of the current management. Finally, no idea why you would say that Campion and Anderson have "skin in the game" when they are down to less than 3%. They cashed out and don't need to make a penny more with the hundreds of millions they made already, but to the detriment of their employees stock options which are under water (clear incentive to lose most talented employees who have no reason to stay) and to existing shareholders.

Hi utilityinvest. Based on news releases, the temp power in Uruguay was to allow them to build a permanent plant which should be complete. The only logical explanation for the current mini-renewals was to allow them to finalize construction. But, even APR's releases appear to indicate that the client is more interested in buying the used equipment than extending the contract further. Also, the latest press release was so reaked of desperation to announce something positive. That has been a repeated pattern recently with some of the other announcements - very little substance, but current incompetent management doesn't know how else to come up with anything positive when anything substantive is materially negative. On debt, I agree with Motley Fool and other press releases, that APR will likely end up working something out with the banks. But, they will wait at least until the end of the month to close and will extract as much as possible from APR - again not a plus. But, that does not change the underlying weakness in APR's ability to close new projects to make up for the projects coming offline and don't see how you or anyone could have any confidence with current management led by Laurence Anderson and John Campion as Chairman of the Board - over the past 1 year and change the company's results and performance has continued to get worse.

It must be due to John Campion's new Wikipage!! Maybe someone knows that they are close to coming to agreement with banks or that the company will be bought up at this share price? Should either scenario be true, hopefully banks or new owners will throw out the current incompetent management and crony board that is killing this company and replace it with folks that will actually do something with APR. If not, we can trade a little up or a little down, but this company won't be going anywhere before its next big negative surprise - missed earnings, reduced revenues, accounting irregularities, compliance, etc....

Railride - that won't be happening. PatryK221, still think this dead cat will bounce? Not happening. Let's summarize. Founders cashed out a long time ago. Talent is leaving. Exactly one year ago, John Campion became Chairman, Laurence Anderseon CEO, and Lee Munro CFO. On day of announcement the shares dropped 11%. Since then, stock is down 86%, APR's revenues are down, missed earnings, it has breached its bank covenants, practically no new contracts and these don't come close to offsetting total installed capacity that has come off line or is coming off which totals almost 40%, etc., etc., etc.. After that performance, do you guys honestly think this management is going to be able to execute a turn around or announce good news? I'd take your money and run!

300MW will come offline shortly which coupled with Libya (450MW) and Yemen (60MW) is practically 40% of the total installed capacity in the past 9 months! Nothing to replace. No further extension for Uruguay either. Argentina operations were reduced from 90MW to 75MW. Also note, that although renewals are helpful, they are always at reduced rates. The contract extensions in Argentina were at up to a 30% discount (see http://elinversoronline.com/2015/03/kicillof-le-quito-a-de-vido-el-control-de-un-negocio-electrico-e-impuso-un-descuento-de-hasta-30/). I can bet that the other renewals were all again on discounted rates. Not seeing the silver lining that you are seeing.

Very smart move Patryk221. I wish I had too. What do you mean "getting a lot of its contracts renewed/extended"? Uruguay press release had nothing new to add. In just a few months that 300MW(one of APR's largest) of revenue will end. Guatemala has only a few more months left on it, but is only 16MW. 60MW in Yemen just had to be written off. As others have posted, APR is not meeting its banking covenants and there are also accounting irregularities. And, on top of that they are laying off employees or others are leaving at all levels. It won't get better.

Hi dodge_master. No agenda. Just providing facts. You can check them online yourself. No NEW major contracts/clients in years and latest press releases read of desperation and are just fluff when you really dissect them.

railride, On what basis would you say that? This company is imploding. They are laying off employees or key ones are leaving almost weekly. Stock is at an all time low. What is CEO doing about it? He is off in Vegas for a week?! Really? What is Chairman doing? He is making a movie on his race cars while company pays for use of his private jet and to also fly first class(just go on John Campion's twitter account). I would run as fast as I could and cut your losses. Founders already cashed out, they could care less about the rest of its shareholders.