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Anyone know why this is going up?
Are Jay & Randy making money here??
Appreciate what anyone can share.
For those who were Ecoark Stock holders back in Nov 2022, you will be getting a settlement check in the account that held your stock.
Deloitte settled the case with Ecoark. There will be a monetary payout in the future. Details are sketchy at this time.
Looks to be a monetary judgement. Question is how much?
Does anyone know when we will see the WTRV shares show up in our brokerage accounts. Today was the stated day they would be transferred. This was for all the old ZEST shareholders of record from a date back in 2022.
Regards.
Looks like on 1 October 2022 FRTM got a whole lot of new investors from the Ecoark World.
Maybe those new investors will put some life into this dead board!
Wow. Why is there so little trading on this stock. They just hit oil on on of their wells!!
This came from the Discord Board on ZEST.
Lots of good things happening at ZEST.
Look up Zest on Yahoo finance and read the announcements.
It is very easy to educate yourself on this stock.
Bottom line: They sued Walmart. Walmart lost. Walmart was fined over 100,000,000 (yes one hundred million dollars) by the judge. Jury unanimously found Walmart guilty.
We believe Walmart is in the process of buying Ecoark.
Google it - if you really are interested!
Well when people are expecting billions out of a court case and it actually only settles at about 5% or less than their expectations, they run for the hills and sell their shares.
As you know Ecoark sued WMT for $2 billion.
Friday was a great day for Ecoark.
Let us see what happens on Monday.
Thanks.
The 10-K from last FY was also released today. All the details are on Edgar.
I hope you are holding Zest.
Gents,
It appears they may be getting close to a settlement based on all the activity and price rise in the last few days.
Market is reacting to the "possibility" of a settlement.
June 2020 Court date for Jury Trial was postponed and never rescheduled.
It has been an interesting ride the last few days.
GLTA who still own some of this!
Looks like a big movement on a relatively small volume so far.
The rest of today should be interesting.
Good luck to all holders of ZEST!
New to the board. Just wondering when the discovery portion of the lawsuit will be over and this will go to court?
Also interesting that Walmart has found a new CEO for their US Opérations and the old guy is retiring on 31 Jan (end of their FY).
I am wondering if Walmart is planning on settling this out of court before the end of their FY, writing it off in 2019, pinning the blame on the old US CEO and starting their new FY with this monkey off their back.
It looks much better to write this off at the end of the old FY and start the new one without having to show the risk of a 2 BN $ pending lawsuit.
I feel this is possible, but at this point not sure how probable!
GLTA!
Happy to own over 100k shares. Every Penny means $1k.
Not many old folks here. Few remember the R/S several years ago that led to a surge to over $7.00 a share.
I have been holding before then and used to like Jim Nelson. Now I realize that he was not the best CEO. His clips on Fox Business / Need brought me here along with his time with Bane Capital.
Current management appears to know how to raise stock holder equity much better than the old guys.
GLTA Old Times Long!
Carl / Cash Carl - it is getting better.
Well said.
I could not agree with you more.
Hopefully the days of sub dollar prices, and Sandy being here, are over!
GLTA Longs!
Maybe Tomorrow!
Sandy.
Not sure you were here after the RS when it was above 7 and most did not have the wherewithal to call their broker and sell. We were blocked from selling on line by our brokers. However you could sell by calling them.
I am waiting for it to back to that level. I realize it might be a long wait.
What do you value the company at now?
Regards.
I unfortunately was one of those.
Does anyone know where the $$ came from to buy the new company?
I have been around for years and about to give up on CABN/DLOC.
Happy to see some new life here.
GLTA!
Wow - Not sure what is going on, but I like it. Up about 20% with over 600,000 shares traded.
If anyone knows - Please share.
Was ready to ride this to the bottom.
GLTA Longs!
Wow!
1.12+0.12 (+12.00%)
Looks like some may know more than others here.
Cannot wait to hear what made us go up 12% today!
GLTA Longs!
The question is why did something happen?
When it hits 5.4 cents a share I will be happy and cash out. This is where I break even.
If anyone has access to the current institutions holding SUNW, I would love to see it.
GLTA Longs!
Up an additional 4 cents in after hours trading. I hope it continues with no looking back.
I almost followed Carl last week and thankful I did not.
Every penny means I recover over a grand and I am happy.
GLTA Longs!
According to this article:
https://www.ocregister.com/2018/05/04/california-to-become-first-u-s-state-mandating-solar-on-new-homes/
"The California Energy Commission is scheduled to vote Wednesday, May 9, on new energy standards mandating most new homes have solar panels starting in 2020."
I am not sure if a yes vote is already cooked into the current price, but we shall see.
GLTA Longs!
Monday should be interesting based on the big bump on Friday with no news.
If anyone has an idea on why the jump happened on Friday, please share.
So far I like Chuck and very happy that Jim is in the past.
GLTA longs!
Sunworks Strengthens Balance Sheet and Announces Changes to Board of Directors
Company secures two-year $3.75 million term loan
Joshua Schechter appointed as Independent Director
Jim Nelson and Frank Hunt retire from Board of Directors
ROSEVILLE, Calif. April 27, 2018 - Sunworks, Inc. (Nasdaq: SUNW), a premier provider of high performance solar power solutions for agriculture, commercial, industrial (ACI), public works and residential markets, today announced that it has secured a $3.75 million, two-year term loan. The loan is comprised of $3.0 million from CrowdOut Capital, LLC and a combined $750,000 from Chuck Cargile, Sunworks’ Chief Executive Officer and Kirk Short, Sunworks’ President of Commercial Operations.
Chuck Cargile, Sunworks’ Chief Executive Officer commented, “Strengthening our balance sheet is an important step as we advance our profitable growth strategy. The infusion of cash coincides with a rebound in the overall solar industry and comes at a time when Sunworks’ pipeline of opportunities continues to grow. We entered the year with more than $40 million of backlog scheduled for installation in 2018. In addition, in the first four months of this year, we have won more than $35 million of new projects, much of which is scheduled for installation over the next three to four quarters. Although we anticipate being profitable and generating positive cash flow from operations for the remainder of this year, the cash infusion will give us greater flexibility as we work through this large backlog of projects. In addition, securing a term loan provides necessary capital to support our profitable growth without an equity issuance that would be dilutive to our shareholders.”
Sunworks also announced that Joshua Schechter has been appointed as an independent member of the board of directors. Mr. Schechter is a private investor who has broad experience serving on public company’s board of directors. James Nelson, Executive Chairman and Frank Hunt, who has served as a director and chair of the audit committee since December 2014, retired from the Board of Directors.
Cargile added, “I wish Jim and Frank the best of luck in their future endeavors. I appreciate the dedication that both of them have shown for Sunworks. At the same time, we are fortunate to have solar industry experts Rhone Resch and Daniel Gross serving on our board of directors and the board is further strengthened by adding Mr. Schechter. For more than a decade, Josh has developed a stellar track record in board governance with an intense focus on enhancing shareholder value. The four current directors are in the process of reviewing candidates for the fifth position on the board and anticipate announcing the appointment within the next month.”
The company noted that a special committee of the independent directors of Sunworks was formed to review and negotiate the loan agreement. The full terms and details of the loan agreement can be found in the 8-K that will be filed with the Securities and Exchange Commission.
To further streamline its capital structure, Sunworks converted all its preferred shares into common shares. The preferred shares convert to common shares at a ratio of one-to-one. As a result of the conversion, the Company has simplified its capital structure and no longer has any preferred shares outstanding.
Carl,
Looks like ole Mr Charles Cargile is doing well.
He is cautious though, he cashed in millions and then put less than 10% into SUNW.
https://finance.yahoo.com/screener/insider/CARGILE%20CHARLES%20F
GLTA Longs!
Holding way before the R/S.
Mikeski74 - Say it is Block Chain. Would their interests be just as an investor?
Carl - I too never sold and remember back during the r/s times when no one could sell (or didn't realize you could by calling your broker) when my investment in these guys was worth over $700K. Today it is worth a little over $100K.
GLTA Longs!
Mark,
That was probably the most interesting You Tube Video I have seen. I find disruptive technologies to be very interesting.
I recommend that this become a sticky here on this board. This is more eye opening on Renewable Energy, Battery Storage and PV than any message I have ever read on this board.
Very exciting and fact based.
The Solar part started at 49 minutes for those who do not want to hear the entire video (which I recommend).
Thanks again for finding this jewel. Reposted from Marks Message.
Here is a link to Bar Chart that talks about our SUNW
https://www.barchart.com/stocks/quotes/SUNW/opinion
GLTA Longs!
1.06 megawatt (MW) solar system that will be constructed at Demas Farms in Winnemucca, Nevada
https://finance.yahoo.com/news/sunworks-1-06-mw-solar-120000395.html
ROSEVILLE, CA--(Marketwired - June 23, 2017) - Sunworks, Inc. (SUNW) , a leading provider of solar power solutions for agriculture, commercial, industrial (ACI), and residential markets, announced today a new project for a 1.06 megawatt (MW) solar system that will be constructed at Demas Farms in Winnemucca, Nevada. The installation is expected to generate energy savings in excess of $3.6 million over the next 25 years. Demas Farms, a prominent grower of alfalfa and hay, is seeking to lower energy costs as it expands its business operations.
Since 2015, a series of policy changes and net metering reductions led to economic uncertainty for both consumers and solar installers throughout Nevada. While many companies ceased doing business in the state, Sunworks stayed and continued its expansion efforts, working at a grassroots level to affect changes in local solar regulations. This year, The Nevada state legislature passed a number of new laws re-establishing the momentum that had made Nevada a key provider of solar power in the United States. The new policy changes include a "Solar Bill of Rights", expansion of the renewable portfolio standards for solar job growth, and a revised net metering rate structure that restores electricity production credits to 95% of the original rate.
The 1.06 megawatt (MW) project will offset the energy consumption required by the farm's processing and irrigation equipment and will be built with fixed-tilt solar arrays, spread across eight farm sites. Sunworks established a 7-year tax lease that included financing and utility incentives that are expected to produce energy savings of more than $100,000 during the first full year of operation.
Sunworks Chief Executive Officer, Chuck Cargile, said, "Our new partnership with Demas Farms highlights our ability to help Nevada's agricultural base reduce their electricity costs. Sunworks is supporting Nevada customers on all fronts, from residential to commercial, to help establish a financially stable, long term energy outlook that benefits the state's economy as a whole."
Demas Farms Co-owner, Josh Demas, stated, "With our recent farm expansion, we knew energy bills would be a challenge. Sunworks was able to find a solution through low construction cost and creative financing that enables us to save money on day one and stabilize our overhead costs."
About Sunworks
Founded in 1983, Sunworks, Inc. is a premier provider of solar power solutions. We're committed to quality business practices that exceed industry standards and uphold our ideals of ethics and safety.
Today, Sunworks continues to grow its presence, expanding nationally with regional and local offices. We strive to consistently deliver high quality, performance oriented solutions for customers in a wide range of industries including agriculture, commercial and industrial, federal, public works, utility, and residential. Our dedication to excellence is reflected in our 25-year warranty, a benchmark that we standby to support our customers above and beyond their expectations.
Sunworks' diverse, seasoned workforce includes distinguished veterans who are devoted to providing the very best customer experience. All of our employees uphold our company's guiding principles each day. Sunworks is a member of the Solar Energy Industries Association (SEIA) and is a proud advocate for the advancement of solar power.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Sunworks 1.9 MW Solar Construction Project for Meirinho Dairy Slated for Completion in 2017
Family owned, California dairy producer will offset 90% of its power consumption through long term partnership with Sunworks
Roseville, CA – June xx, 2017 – Sunworks, Inc., a leading provider of solar power solutions for agriculture, commercial, industrial (ACI), and residential markets, announced today a new project for a 1.9 megawatt (MW) solar system that will be constructed at Meirinho Dairy in Merced, California. The system will allow the dairy farm to offset an estimated 90% of their annual electrical needs. Meirinho Dairy is a prominent, family owned farm that provides a diverse range of operations including dairy, dairy feed, and almond farming.
Family owned dairy operations in California provide 20.5% of all milk consumed in the United States (over 41,000 pounds). Reducing overhead is a key component to seamless production and stable profitability for dairy operations and energy needs for fueling the equipment used in dairies are unpredictable and prone to rapid increase. As a result of their continuing effort toward sustainable farming, Meirinho Dairy identifies solar power as a natural way to augment their operations, reduce energy costs, and promote environmental initiatives.
Both Sunworks and Meirinho Dairy have established a comprehensive, long term commitment towards sustainable agriculture. Sunworks will incorporate its RapidRack system to install the 1.9 MW, fixed ground mount solar array consisting of 5,670 solar photovoltaic (PV) panels. The system will enable Meirinho Dairy to efficiently increase solar collection while reducing the need to occupy crucial farming space. The Rapid Rack system will accommodate 3 PV panels per column and decrease the coverage area required from 8 to 5.64 acres. The result is a savings of over 2 acres of viable farm land for use in other areas of Meirinho Dairy’s core business. Along the entire area of the Rapid Rack system, Sunworks will deploy weed barrier and gravel for added equipment protection. Additionally, a full fence with live video camera system will be integrated for added security.
Sunworks will install a total of 21 “Sunworks Powered by Solectria” 60TL inverters, which are co-branded, highly reliable, 3-phase string units designed to reduce labor costs and maximize energy harvesting. The move will allow the dairy farm to scale its solar infrastructure in preparation for additional Sunworks equipment to be added later this year. Sunworks will work with Meirinho Dairy’s local utility company to upgrade any necessary transformers.
Using Net Energy Metering Aggregation (NEMA), a total of 16 utility meters will be assimilated, allowing Meirinho Dairy to connect meters across the facility’s infrastructure and back to a single meter. The project will be supported by Sunworks’ industry leading, 25-year warranty as well as include 1 year of operation, maintenance, and monitoring. Construction is expected to be completed by end of 2017.
Sunworks Chief Executive Officer, Chuck Cargile, said, “We’re proud to partner with Meirinho Dairy to assist in building their sustainable farming operation, improving their efficiency and financial results for years to come. More broadly, California dairy is a significant industry that can uniquely benefit from solar power solutions. Sunworks is well positioned to assist our customers in this critical industry.”
About Sunworks
Founded in 1983, Sunworks, Inc. is a premier provider of solar power solutions. We’re committed to quality business practices that exceed industry standards and uphold our ideals of ethics and safety.
Today, Sunworks continues to grow its presence, expanding nationally with regional and local offices. We strive to consistently deliver high quality, performance oriented solutions for customers in a wide range of industries including agriculture, commercial and industrial; federal; public works; utility; and residential. Our dedication to excellence is reflected in our 25-year warranty, a benchmark that we standby to support our customers above and beyond their expectations.
Sunworks’ diverse, seasoned workforce includes distinguished veterans who are devoted to providing the very best customer experience. All of our employees uphold our company’s guiding principles each day. Sunworks is a member of the Solar Energy Industries Association (SEIA) and is a proud advocate for the advancement of solar power.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Investor Relations Contact:
Rob Fink/John Roginski
Hayden IR
646-415-8972 / 570-569-2479
rob@haydenir.com / john@haydenir.com
Media Contact
Rita Edwards
Director of Marketing, Sunworks, Inc.
Tel. 916.409.6900
redwards@sunworksusa.com
LOL - What the heck is going on here?
On positive news we go down every time.
Today we get what I felt was a bad quarter's results and we are up 4 cents?
Go Figure!
GLTA Longs!
Interesting.
I was watching volume most of the day and it was dismal.
Now I see we had around a quarter million shares traded today. Most were near the end of the day.
We also closed in the green.
Anyone have an idea of what positive type news may be coming next week to allow this to occur?
GLTA!
Looks like somebody is buying shares today.
I do not know why, but I like it.
GLTA!
CV,
Whatever they can do to make the price go up is OK by me.
I have shares to sell at a much higher price that we are now.
GLTA!