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8-K out - Throwing in the towel... Chapter 7 liquidation...
https://www.sec.gov/Archives/edgar/data/1425565/000117184320000706/f8k_020520.htm
Item 8.01 Other Events.
On January 31, 2020, the board of directors of Real Goods Solar, Inc. (the “Company”), determined to cease all business activities, to terminate all of the Company’s employees, and to commence a plan of action to file a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of the United States code, 11 U.S.C section 101 et seq. in the United States Bankruptcy Court for the State of Colorado. On the same day, the Company terminated all of its employees and the Company’s board of directors appointed Mr. Lacey as the Company’s authorized signatory and representative for the time being.
On January 31, 2020, the OTC Market Group, Inc. notified the Company that quotation of the Company’s Class A common stock would be moved from the OTCQX to the OTC Pink market at the close of business on Friday, January 31, 2020.
Wait to get to a dollar then you can do it. You can’t short under a dime stocks you moron !
Can’t wait to short the piss out of this tomorrow!
Tomorrow will be a dead cat falling not the dead cat bounce but hey, buy all you can. MMs want out of this POS too.
1-6-20 CFO resigned. Then they hired Richard Barich, who resigned on 1-28-20. So yeah, go buy them shares. LoL let us know how that works out for you?
You go right ahead and all you can sir. I am sure the short sellers will love you for it.
I touched it. I am ok. Buying !!!!
Wonder if it will be below a penny tomorrow. Maybe a lawsuit coming or the bankrupt boogey. LoL if you touch it you’re gonna get burned.
If I were even going to consider buying any of this trash it would be at a .0001 entry and even then I am sure I would lose the money. So, nothing they could do will trick me into this again.
$RGSE: Completely collapsing..... looking for a $0.015 entry
Hitting $0.054 here
Its really getting ugly now.
Where is maximum Ugliness ???
GO $RGSE
$RGSE: Completely collapsing..... looking for a $0.015 entry
Hitting $0.054 here
Its really getting ugly now.
Where is maximum Ugliness ???
GO $RGSE
Sell, merge, or headed to the bone yard. Tricky Dick is on the move.
Clearly, the MMs are driving it down to .07 or lower and then bait the suckers on a short lived spike to sell and short even lower. Doesn’t take long to identify the uneven BS.
I’m surprised it’s not less than a penny yet or bankrupt and zero. This company was certainly talented at scamming people out of their money.
Yep. Worthless. :( all my money wasted on this thing is sadly disappearing
This worthless stock still headed to the bone yard? MMs ability to sucker folks in must be nearing zero. Hope everyone was able to recover else where.
Hanging on the coat tails of the MM’s whims.
.10! This thing is still around? My goodness. How many Reverse splits now? 4? Don't stop believing.
It’s a penny stock, why does ‘being in business’ have anything to do with this?
If you want business, go play on the big boards.
This company is still in business? About to feel the 4% drop real bad
Nice Momo run.
Kudos to all that bought the bottom.,
Just wait and see that they have in store for the unfortunate holders of this stock when the buyers of that preferred offering that came with all those voting rights.
Hope all the peeps that got screwed by RGSE before learned their lesson.
Absolutely not going to touch this POS but I am interested in learning the MMs technique of Fucking the general public.
How about that coordinated team work. I buy yours then you buy mine and back and forth until the little fish buy back all they stoled from you. Then-boom, it’s drops like a rock and they will buy it back at your loss.
I guess the MMs took all they could get from all the little fish and now it’s time to take your money in the other direction.
Sucker you in then drop it to a penny. LoL
Be careful what you see. The big boys are full of tricks. And now that we are all on trading platforms “they” can see everything we are doing - making it even easier to steal our money.
I’ll take some of those Reg A+ shares too. The common A shares are currently valued at less than 1/100 of what the A+ will be selling for. Common share price is to out of wack with the A+. 1/10 the value of the A+ or more sounds more appropriate. Or, maybe that analyst that predicted 2 will come to fruition in 2020.
One day these guys are going to get short squeezed.
I see there are still a few retards doing what they do best - being stupid and ass holes.
Nov 15 business update (data from RGSEnergy website):
Oct 16- Nov 15 POWERHOUSE DIVISION
Network size: 346 (+6); Sales Pipeline: $18,452,952 (+ $722,321);
Roofer & Solar Installer P/O: $123,454 (- $17,319);
Backlog: $7,739,579 (- $21,289); revenue $144,652 (- $6,267)
SOLAR DIVISION
Sales added to backlog: $1,026,406
Installation Revenue: $ 636,175
Backlog of signed contracts
as of reporting date: $16,511,600
Allotment 1b for, and purchase of RGSE-A completed. Allotment 2a for RGSE-A+ ready. PointBreak.
What the heck is going on this should be going up
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RGS Energy has been helping homeowners and businesses reduce their
electricity costs with sustainable, renewable solar power since 1978.
TAKE CONTROL OF YOUR POWER BILLSolar power can actually cost less than what you pay now with a low, predictable, locked-in electricity rate. Join thousands of happy customers who are making a positive impact on the planet by choosing a cleaner energy source that lowers your utility bills for real savings month after month, year after year.
CURRENTLY SERVING CUSTOMERS IN:CALIFORNIA | COLORADO | CONNECTICUT | MASSACHUSETTS | MISSOURI | NEW HAMPSHIRE | NEW JERSEY | NEW YORK | RHODE ISLAND | VERMONT
And as Sunetric in HAWAII
RGS Energy Offers Several Ways to Save on the Cost of Electricity
Solar Energy vs Fossil Fuels | Advantage |
Fuel SourcingFossil fuels must be located, excavated and transported before they can be used. These processes are invasive and detrimental to the land through side effects such as erosion and ecological and geologic instability. Then the deposit or well is depleted. Energy from the sun is infinite and free. It can be harnessed and turned into power anywhere a solar panel can be mounted. | ![]() |
Power GenerationFossil fuels must be burned to produce electricity. Burning them creates unwanted byproducts that can create air and water pollution and release huge amounts of greenhouse gasses into the atmosphere. When in use, solar panels produce power without waste or emissions, and do so through a natural process called photovoltaics. | ![]() |
Cost of Consumer ElectricityWhether you buy a system and pay it back with electricity savings or you pay a low, fixed rate for your power through a solar PPA, you’ll hit the point where your solar panels have paid for themselves. After that, it’s real savings for your bottom line, and with utility rates climbing regularly, each year you’ll save more with solar than the year before. | ![]() |
The Human ElementFossil fuel deposits are scattered and finite. Their economic worth and uncertainty are enough to cause disagreements that can lead to labor strikes, price volatility, and even war. Solar energy is available nearly everywhere, and will be for another 5 billion years. | ![]() |
More than 35 years ago, RGS Energy – a Real Goods Solar Company – sold some of the very first solar panels to the public out of a small general store in Northern California. Since then, we’ve installed over 25,000 solar energy systems for homes, businesses, schools, government facilities, and utilities across the country, totaling more than 260 megawatts of clean energy.
1978 John Schaeffer invested $3,000 of his savings along with a $5,000 loan from his father to open the first Real Goods store where he sold the first solar panels in retail at over $100/Watt.
1982 First Solar Living Source Book is printed. The book was written as a one-stop information source for renewable energy and sustainable living.
1986 John Schaeffer invested $3,000 to launch the first Real Goods mail order catalog. The 16 page catalog reached new customers and rejuvenated the company as a mail order business selling solar and sustainable living products.
1996 Founded a nonprofit education institute called the Solar Living Institute with the mission of promoting sustainable living through inspirational environmental education.
2001 Real Goods, catalog and five brick and mortar stores merged with the sustainable lifestyle company Gaiam Inc. in a stock swap worth $8.7 million.
2003 Launched the residential division in California and Colorado.
2008 On May 8, 2008, Real Goods completed an initial public offering as Real Goods Solar and raised $55 million. Through holding 100 percent of Real Goods’ Class B shares, Gaiam maintained control of Real Goods Solar.
2007-2008 Acquired Marin Solar, Carlson Solar, IES, Regrid Power to expand the residential and commercial business and position Real Goods Solar as a major competitor in the growing solar business.
2011 Real Goods Solar Merged with Alteris Renewables– became a major national solar company (Alteris was created from the merger of Solar works and Solarwrights in 2008). The Merger severed the Gaiam control.
2012 Established new headquarters in Louisville Colorado and built up our Inside Sales, Engineering and Customer Service functions in one centralized location.
2013 Surpassed 15,500 installations/100+ MW of solar energy deployed since inception
2013 Acquired assets from Syndicated Solar – provided entry into Missouri
2014 Acquired Mercury Solar Systems and re-branded Real Goods Solar as RGS Energy.
2014 Acquired Sunetric – one of the largest and most established local solar developers and installers in Hawaii
2014 Launched RGS Financing, Inc – began offering in house financing with Solar Leases and Power Purchase Agreements
2014 Launched strategy to exit utility scale commercial business to focus on core Residential, Small Commercial, Sunetric and Leasing businesses.
2015 Awarded several east coast solarize programs including Massachusetts, Connecticut and Rhode Island – Spreading solar with a community focus
2016 Expansion into Maryland. Maryland is one of the newest and fastest solar markets
Call us at 888-567-6527 oronline now
833 West South Boulder Road
Louisville, CO 80027-2452
United States - Map
Phone: 303-222-8400
Web Site: https://rgsenergy.com/ and http://www.sunetric.com
Become a Solar Champion today and start earning cash for your referrals!
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