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Going to buy 10 million shares
Well well well, just talked to my broker and most definitely Anish is up to something again, trades going on daily but retail can't sell shares at any price including market. Anish knows that as long as daily trades take place he is safe to dump more garbage and that is what he is about. They don't want more shares to get dumped by retail so they will have to do a higher R/S. And as long as 1 share is traded daily you can't sell it at a loss, or you can't sell it period. Anish is good at this. IMO
Sorry but still not true, bid/ask is the same, stock is not trading MMs pretending that it is a trade between themselves fraction of shares waiting for another P&D, easy to check that about 200Ks traded in the last several weeks, my broker told me that very hard to sell, that "giant" ask is bogus. Please don't say things that are not true. IMO
No, you can't say sell shares for that price, $0.0001 that is an absolute number that this POS is trading for right now, anything below that is outright rejected since those are fundamental rules.
If it is not Big 4 or even Big 10 auditors, then no point even mentioning, these guys some hole in the wall as far as 'auditors'. imo
so no point touching this POS
Any chance for paid promo here ?
thanks for the update, what happened to other grande plans?
Sandridge, please tell me what is going and give me some update on this. TY
agreed
I told you PCAOB won't be joking around, there might be more, a lot more than meet the eye, audit committee is crucial and Nelson trying to control not a good signs. imo
Nelson seem not to take about arms length transaction and good practices of corporate governance, but it doesn't matter, SOX's PCAOB would, last time I checkeced SUNW is still a publicly traded company and their attorneys should have adviced against it. Conflict of interest since according of of SOX there are strict rules for composition of that Audit comittee..............just a matter of time. imo
Look this auditor must be PCAOB registered and if they failed to perform basic procedures like simply confirming internal control structure, they might lose their registration. Nevertheless, this is extremely troubling if they can't even deal with basic internal control audit, then I will go as far as how reliable their 10K at this point. Again this an extremely serious stuff for an issuer, accuracy of financials. imo
which means their external auditors are not doing their job, they should have signed off on Nelson's letter on effectiveness of internal control after checking accuracy, this is required by SOX, that is extremely troubling, not a joke any more. imo
I warned everybody last year "just a matter of time" share price will implode, everybody loughed at $2.77 share price, well where are those 2.77? more than double down now. That is the beginning of the end. imo
what happened here why share price collapsing
What a great explanation, case is closed.
Why is this thing tanking again?
what happened today
Looks like nothing changed
who sold?
WOOWWWW Nothing apparently changes with SUNW
Is he another BYU grad?
Thanks Sandridge
Did he do it again recently?
it did but can't hold any gains
Don't trust anything with this company, it is charade of a company with primary objective of diluting shares and enriching only few, the rest has been clear for some time now. I said many times share price can't sustain the level of dilution. Destination subpennies. imo
Why did share price tank again? I thought earnings would great and take it above $3 for good.
Totally agree with you can't even cross $3 and hold there for more than a second. imo
Positive talk and hyper promo of SUNW at every level doesn't do much because huge blocks of shares appearing non-stop on the ask. That is precisely why share price doesn't move much and if it moves, it can't sustain any gains for more than a minute. The same old story here and the only new is shares on the ask. Dead money.imo
I didn't have a chance to unload my SUNW shares today in the morning, however, I just put all my position on sale, hopefully share price will continue going up tomorrow so can move on from this company. Don't mind a small loss. On such a great news today, yet share price struggle to hold the gains, abusolutely unbelievable. Selling into that bid looks very attractive. IMO
What is the matter with this stock and the company, if any other company had a knock out news like this on Amazon, share price would have easily doubled, not at SUNW, can't even hold multi-penny gains, something fundamentally wrong with this POS of a company, something is wrong, I said many times, that dirty trick insiders pulled by selling toxic convertibles on a run up will be haunting this ticker for a long time. When trust and confidence in integrety damaged like, very hard to restore. Dead money here. imo
It was all disclosed in these links, described in every small detail, I don't have to go and dig hundreds of pages of filings, besides, and an ardent supporter of SUNW himself stated SUNW's capital structure is a total mess combined with very "interesting" disclosures. There is absolutely no doubt after reading the links below that holders of toxic notes timed their dump on a run up, and the damage they did is not going away any time soon. And one more time, that kind of "funny business" and nobody will touch this ticker any more, I can guarantee it, nobody, no matter how much SUNW pay to constantly promote itself.
And most importantly, to date, not a single person managed to deny or counter-argue those statements on ongoing dilution made in those links, for me that is the end of the story and subject is closed and I have no doubt dilution is ongoing process here one way or the other and everybody should be aware of it. IMO
http://seekingalpha.com/article/3958779-sunworks-seemingly-solid-earnings-report-shares-drop
http://seekingalpha.com/article/3975952-since-filing-quarterly-report-1-week-ago-sunworks-diluted-another-million-shares
http://seekingalpha.com/article/3987642-sweat-dilution-sunworks
That is a great justification, however, current 2.5 mil volume and still small float, the nature of trading today (I screened most of the transactions today) might not support the idea of flippers keeping it down. Retail flippers don't have that much power to hold a share price down with 22 mill float on Amazon news, they simply don't, something else, and as usual, we might find out some later. imo
Which means they don't hold SUNW long term in your own words. I hope you are right and all those reasons can be correct. I am just hoping no 'funny business" is taking place like last time around during the run up. imo
I am excited as long as the news translates into share price and share price increase sustained long term however I have more questions,
Why there is no a larger increase in volume due to this news and where on earth all those large blocks of shares for sale are coming from non-stop?
This news should have carried share price easily alone to above $5, if nothing else on a small float, but share price struggles to sustain a 20 cent gain. That is what really worries me. imo
Three fundamental questions here now.
1. Why on a day when an alleged good news hit, share price can't keep any meaningful gains?
2. Why on a Level 2 buys pretty much equal sales?
3. Why there no increase in long-term holders?