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Surely its a done deal then right?
Gotta be...
If not, then I think its safe to say EVERYTHING about $SIRC is a lie.
Massey said that they were purchasing the remaining 40% of Plemco for about $500,000.
He said that PR would come out this week.
At least one thing that if it is a lie, Massey can't stall it like everything else week after week after week!!!
From Facebook February 27, 2023
We’re thrilled to announce the LOI for acquisition target AVCO Roofing. As we continue to build out our footprint, we are focused on acquiring the residual minority equity ownership stake of Pacific Lighting Management by 3/16/23 as required by our updated timeline. #growth #sirc
LOL you pumped that deal so hard!
Plemco: Take it or leave it tomorrow.
$SIRC PLEMCo: Tomorrow is the Final Day or they will lose PLEMCo. "If buyer doesn’t purchase the remaining 40% of the Shares by the 24th month after closing, then the 60% of the shares in Transaction No. 1 in Section 1.02 (a) will revert back to Seller at no cost."
— DewmBoom (@dewmboom) March 15, 2023
"On March…
gotta goto $SIRC FB page...https://www.facebook.com/profile.php?id=100064177897352
Unless I missed it, can't seem to find them as exhibitors
https://winthestorm.com/Exhibitors/
I posted about the shows: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171422369
$SIRC has a FB page that is kept current yet nobody replies on Messenger....
PEMBROK, the show ended yesterday correct. We could see some sort of news come out of that show by tomorrow or Monday that will boost the price.
Hi creakyhottie,
I have a new saying about SIRC's stock price.
"May it rest in peace"
Thanks Pembroke, but I somewhat remember another post about a Ft Lauderdale industry convention type thing.
Can't find it on Ft Lauderdale meetings site.
Perhaps confused as usual. Prices dropping like a stone can do that.
Hi, creakyhottie
This conference is the only thing I saw and heard about.
Solar Integrated Roofing Corp. to Participate in the 35th Annual ROTH Conference
8:31 AM ET 3/10/23 | GlobeNewswire
HENDERSON, Nev., March 10, 2023 (GLOBE NEWSWIRE) -- Solar Integrated Roofing Corp. (OTC:SIRC) ("SIRC" or the Company"), an integrated, single-source solutions provider of solar power, roofing and EV charging systems, will participate in the 35(th) Annual ROTH Conference that will be held March 12-14, 2023 at The Ritz Carlton in Dana Point, California.
SIRC Chief Executive Officer David Massey will attend the event in-person where he will participate in one-on-one meetings to discuss the Company's recent and upcoming key milestones.
Did someone post previously that SIRC was going to be at a show in Ft Lauderdale this week??
It wasn't clear to me if the $4 would change the same ratio as the reverse split
Form 10-12G is form 10. Form 10-12G/A means Form 10-12G has been amended..
That's it, no more questions.
I know how to do that was wondering if you knew EXACTLY where it's filed...I fished through the filings and found 3 Form 10-12G so I looked it up and it is same as Form 10...$SIRC has filed 3 of them...
Hi, here's what you do. Go to otcmarkets.com. Enter SIRC's stock symbol. Go down to Filings and disclosure Click on the word more. That will open all the Form 10-12G's filed with the SEC....
$SIRC pr says that they filed Form 10...I can't find it on Edgar...asking if someone did and give me a link to it??? Why this so hard????
You can't be serious. If you find something that doesn't exist Let me know.
what's the link to the Form 10 $SIRC filed for NASDAQ uplist???
Previously explained.
Brett's strike price is $4? How does he think it can go that high? I don't get it.
Lawsuits and Acquisitions
Dave read a prepared statement about the Future Home Power lawsuit. Basically he just said that nothing in the lawsuit will affect their plans. My take, it’s going to be costly in some regard, but not sink the company. Kind of like the Pablo Diaz lawsuit.
He went on to explain how they’ve changed their M&A strategy and are paying more attention to the prior owners of the companies they acquire. This is a pretty fair statement given the amount of litigation involved with them, so let’s hope they learned from it…
how much $$$ is that lawsuit gonna damage $SIRC if the ruling is against them???
and what else is analyzing OS for??? intrinsic value of $SIRC is way higher than 3 cent...
OS only matters when analyzing Market Cap
lolol. sure.
OS only matters when analyzing Market Cap...$SIRC current market Cap is $27Mil... Revs are $84Mil...WOW!!!
Thank you, we will find out eventually.
A lot of reading. Doesn't look good!!
Thank you.
You’re welcome. I’d send you a screenshot, but I don’t know how on this thing. It was issued 9/9/2022 and due 3/9/2023. $600k at 12%. They may or may not have paid it off. Won’t have access to that info until the next report. If they didn’t it would require Sirc to issue nearly 21 million shares at .029. So in theory, these promo guys would get paid a little cash so the loan holder could make more. It doesn’t work though, it’s not 2021.
NOTE 12 – CONVERTIBLE NOTES
Convertible notes as of June
30, 2022:
Noteholder Issuance
Date Maturity Date Conversion Price Interest Rate Outstanding Principal Balance
RB Capital Partners, Inc. 2/18/2021 2/18/2022 $3.00 5% $3,500,000
RB Capital Partners, Inc. 2/26/2021 2/26/2022 $3.00 5% $4,500,000
Jefferson Street Capital 10/5/2021 10/5/2022 $6.75 10% $1,500,000
Jefferson Street Capital 11/18/2021 1/5/2022 $6.75 5% $500,000
Mammoth Corporation 1/19/2022 4/19/2022 $0.50 0% $600,000
Jefferson Street Capital 3/1/2022 12/1/2022 $6.00 14% $500,000
RB Capital Partners, Inc. 4/22/2022 4/22/2023 $3.00 5% $800,000
TOTAL $11,900,000
UNAMORTIZED DEBT DISCOUNT -
NET CONVERTIBLE NOTES $11,900,000
During the six months ended June 30, 2022, $1,027,075 in principal and $58,300 in interest was converted to 34,634,320 shares of common
stock. On June 23, 2022, the Company entered into Buyout Agreement with Granite Global Value Investments LTD, where the Company
agreed to pay $14,000,000 for all Redeemable Notes between the parties (the “Settlement Amount”) upon the Company receiving funding
from third parties or investors or until they have the funds available to pay the Settlement Amount. The amount purchased from the new
promissory note from convertible notes was $12,668,535, plus accrued interest.
Currently most of above convertible notes are in default but there are no penalties initiated or associated with the notes in default.
Convertible notes as of December 31, 2021:
Noteholder Issuance Date Maturity Date Conversion
Price
Interest
Rate
Outstanding Principal
Balance
Granite Global Value 1/19/2021 1/19/2022 * 1% $162,610
Granite Global Value 1/27/2021 1/27/2022 $2.70 1% $1,035,250
RB Capital Partners, Inc. 2/8/2021 2/8/2022 $3.00 5% $1,000,000
RB Capital Partners, Inc. 2/18/2021 2/18/2022 $3.00 5% $3,500,000
Granite Global Value 2/23/2021 2/23/2022 $6.75 1% $1,035,250
RB Capital Partners, Inc. 2/26/2021 2/26/2022 $3.00 5% $4,500,000
Granite Global Value 3/18/2021 3/18/2022 $5.45 1% $3,282,500
Granite Global Value 6/1/2021 6/1/2022 $2.50 10% $5,500,000
Granite Global Value 8/30/2021 8/30/2022 $0.35 5% $1,680,000
Jefferson Street Capital 10/5/2021 10/5/2022 $6.75 10% $1,500,000
Jefferson Street Capital 11/18/2021 1/15/2022 $6.75 5% $500,000
TOTAL $23,695,610
UNAMORTIZED DEBT DISCOUNT (6,724)
NET CONVERTIBLE NOTES $23,688,886
*Conversion price based on volume weighted average price during previous trading day.
The Company recognized amortization expense related to the debt discount of $0 and $118,130 for the six months ended June 30, 2022
and 2021, respectively, which is included in interest expense in the statements of operations. Interest expense on convertible notes totaled
$231,332 and $161,389 for the six months ended June 30, 2022 and 2021, respectively.
During the six months ended June 31, 2022 and 2021, the Company received proceeds of $1,100,000 and $19,515,610, respectively.
NOTE 13 – NOTES PAYABLE
As of June 30, 2022, the Company owed notes payable totaling $24,005,258 as follows:
• $1,448,611 loan from TVT2.0 LLC with a 36-week term and weekly payments of $60,278.
• $149,497 SBA loan with 3.75% interest rate and payable by May 16, 2050 and $197,512 line of credit with
5% interest.
• $269,616 in loans from On-Deck with 52 weekly payments of $11,413.
• $468,580 vehicle financings from prior years with total monthly payment of $17,628, 2-3% interest, 2024
maturity dates. Current portion at June 30, 2022 totals $154,631, with remaining payments due through 2024
of $313,949.
• $6,375,014 in PPP loans. All PPP loans were received in May 2021 payable within 2 years and bearing
interest rate of 1% annually.
• $500,000 bridge loan from RB Capital Partners, Inc. with 10% interest payable by July 10, 2022.
• $275,000 promissory note with Large Investment Group, Inc. with 10% interest and payable by August 10,
2022.
• $150,000 loan from Stephanie Hooper with 0% interest rate and 150,000 shares of common stock as
commitment price payable within 12 months.
• $14,000,000 note with Granite Global Value Investments LTD payable upon the Company receiving funding.
• $171,429 loan from EZ Fund with weekly payments of $30,857. The loan was paid off on July 15, 2022.
Current portion of the notes at June 30, 2022 was $23,541,813 and non-current portion is $463,445.
During the six months ended June 30, 2022, the Company entered into a $1,550,000 loan with TVT 2.0 LLC, $430,000 loan from OnDeck Capital, $500,000 from RB Capital Partners, Inc., $150,000 from Stephanie Hooper and $275,000 from Large Investment Group,
Inc. The Company made repayments to TVT 2.0 LLC of $777,778 to repay existing loan and made payment on new loan of $101,389,
on LOC $17,363, On-Deck Capital of $160,384, vehicle leases of $240,103 and write off TR Bank loan of $136,915 and PPP loan of
$81,110 due to separation from Cornerstone Construction Team LLC.
As of December 31, 2021, the Company owed notes payable totaling $7,539,471 as follows:
• $156,883 in SBA loan with 3.75% interest rate and payable by May 16, 2050.
• $653,750 vehicle financings from prior years with total monthly payment of $11,612, 2-3%, 2023 maturity
dates. Current portion as of December 31, 2021 was $110,088
• $272,714 revolving line of credit with a 5% interest rate and no maturity date.
• $6,456,124 in PPP loans. All PPP loans were received in May 2021 payable within 2 years and bearing
interest rate of 1% annually.
Current portion of the notes at December 31, 2020 was $5,112,773.
During the year ended December 31, 2021, the Company entered into $554,617 in vehicle leases and received proceeds of $6,456,124
in PPP loans and $881,019 in SBA loans. The Company also made repayments of $165,000 for acquisitions, $99,958 to Eco Investment,
$41,102 to On-Deck Capital, $118,830 Silverline Services and $558,473 in vehicle leases. $906,500 of PPP loans were forgiven during
the year ended December 31, 2021
They had a loan for $600k due that would convert at the 20 day low (.029) if not paid. It’s on the last quarterly report.
Hi 1dollar,
SIRC explained the two loans during the Q&A. The $25,000,000 and the $10,000,000.
What. loan was due last week?
I think it’s more likely AJB Capital. They had a loan due last week.
Nope, the clowns just show up on their own!
SIRC~~0334 last call,.035 next
Why is this reversing today? Is there news coming?
SIRC~~GM all, reversal starting here today
where's the March 3 pr Link for $SIRC???
$SIRC
How this went from .03 to dollars last time?
Looks good here and waiting to move north now
Hi, The Ihub link that you showed the news is about all different stocks.
This is the only link that deals with just SIRC which I got from your link. This is the best I can do.
https://www.allpennystocks.com/stockquote/sirc/detailedquotetabchartnews/
n o I know him from other boards...he mostly follows companies that don't have ongoing enterprises...surprised he is here with a company that does have ongoing enterprises...why is $SIRC being bullied when they have a book value of .17 and revs of 84mill??? AND GROWING...just because pps has come down from all time highs???
lol. you must be new here. i suggest you review that poster.
Yeah yeah I use limit-orders, I generalized.
We're talking ihubbers here, and look who I was replying to...
why do we need to see $SIRC at $12...where did THAT number come from???
retail doesn't always exit on BID unless they want out NOW...I exit on ASK...because I have patience...no reason to dump $SIRC at these prices...
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