SunWorks Inc (SUNWQ)

[drugmanrx]

Curious, would you be willing to share his reply or at least parts of it?

I see no reason why not, there was nothing marked confidential.

As follows:

Hello XX XXXXXX,


Thanks for taking the time to contact us. You make an interesting point, well worth considering. I would like to have fewer shares outstanding and believe it could be a good use of our cash.


A couple of considerations: Abe's sales of shares are based upon a 10b5-1 plan. The plan is a legally binding one which is established before the "black-out" period (the time in which insiders are precluded from buying/selling shares of the company -- usually a month before the end of a quarter up until the time earnings are released to the public). The plan dictates at what price and how many shares are to be sold. Because it is established in advance and strictly followed by a investment manager, transactions can occur anytime -- even during blackout periods.


The company is subject to black out periods. So, we are precluded from being in the market at this time. That is why I purchased shares, personally, before the blackout period started.


Based on your suggestion, I will discuss the legal implications of a private transaction with an insider/officer to determine if/when it might be feasible and what disclosure requirements would come with it.


Again, thanks for reaching out to us and for the well-considered suggestion.


Please don't hesitate to reach out to me if you have other suggestions/questions/concerns.


Regards,


Chuck


Chuck Cargile

Sunworks

Chief Executive Officer