Solar Integrated Roofing Corp (SIRC)

[lucky, mydog]

these jackasses talk about numbers and make excuses for why they suck, yet they deregister so that folks can't see any audited numbers. they define con men.

[lucky, mydog]

and here come the share pushing announcements. they have limited cash for operations but there is a seemingly endless supply for "awareness". so, what does that say about what operations really are.

[Trooperstocks]

NEWS: Solar Integrated Roofing Corp. HENDERSON, Nev., May 19, 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, today issued the following statement from its newly appointed CEO, Brad Rinehart.

Solar Integrated Roofing Corp. Issues Letter to Shareholders from Newly Appointed CEO Brad Rinehart

Dear Shareholders,

We have made a significant change to our executive management team. Dave Massey is taking a medical leave of absence and has resigned as CEO and CFO of SIRC as of Monday, May 15, 2023. In tandem with his resignation, our Board of Directors has appointment me as CEO, Wanda Witoslawski as CFO, and Troy Clymer as President and COO of SIRC. All three of us have also been appointed as members of the Board of Directors, of which Dave will remain a member. The changes will allow our C-suite to move the improved operational costs into other areas of the company and allow us to focus our limited cash resources on internal sales and operational improvements.

As CEO, I will not hold any Q&A sessions for the next 90 days, unless there is a material change that needs to be addressed. External communications will be well-controlled through our official SIRC media outlets and via our investor relations firm, MZ Group. My efforts and the team’s efforts will be focused on running the company and increasing shareholder value through good old-fashioned hard work.

I am sure that our shareholders were as disappointed with our Q1 financial results as were the management team here at SIRC. We experienced several headwinds in the quarter. Weather, which is usually reliable in SoCal, was much wetter than normal, affecting our roofing and solar divisions. NEM 3.0 also had what we are predicting is a short-term negative impact on residential solar sales. We ran into supply chain issues on one of our primary branded solar panels and had other supply challenges. We also had to reverse some cancelled residential solar sales, and we are working to rebuild the company culture after SG&A consolidation and restructuring. These factors all negatively impacted our operating performance during the first quarter.

The uncertainty encompassing the capital markets has caused a delaying effect on our commercial projects as higher interest rates change the economics on many projects and the banking industry reacts to the recent bank failures. All previously announced projects are still active, and we are working diligently to move them forward. Short-term debt servicing and litigation costs also had a dramatically negative effect on our cash flow, which has limited our ability to deploy capital into the commercial development projects we have in the queue. Rest assured that Troy, Wanda, me, and our leadership are working hard to resolve through these challenges.

If you look deeper into Q1 financials, the ability to manage operational costs was really a bright spot in the overall disappointing results.

SIRC, under my administration’s leadership, will evolve with a focus on operational organic growth, efficiency, and culture. I am dedicated to unlocking the potential of our Commercial and Industrial pipeline, our EV and Small Commercial division as well as our fast-growing services, claims and financial services divisions under our Balance brand. Our residential solar and roofing will continue to grow as we expand into new markets. We are working hard to strengthen our balance sheet, raise strategic capital, and align with opportunities that allow for exponential scale and generate shareholder value. This will take time and focus as we endeavor to emerge poised for SIRC to reach its potential and ultimately deliver on our commitment to become a world class renewable energy conglomerate.

Sincerely,

Brad Rinehart

Chief Executive Officer

About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC: SIRC) is an integrated, single-source solutions provider of solar power, roofing and EV charging systems, specializing in commercial and residential properties throughout North America. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. For more information, please visit the Company's Investor Relations website at www.solarintegratedroofing.com, Corporate website at https://www.sirc.com/ or join us on Twitter, LinkedIn or Facebook.

[lucky, mydog]

wow, what a pile of crap. what does this even mean?

We also had to reverse some cancelled residential solar sales, and we are working to rebuild the company culture after SG&A consolidation and restructuring.

dumb as the old one.

[budfoxfun]

HENDERSON, Nev., May 19, 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, today issued the following statement from its newly appointed CEO, Brad Rinehart.

Dear Shareholders,

We have made a significant change to our executive management team. Dave Massey is taking a medical leave of absence and has resigned as CEO and CFO of SIRC as of Monday, May 15, 2023. In tandem with his resignation, our Board of Directors has appointment me as CEO, Wanda Witoslawski as CFO, and Troy Clymer as President and COO of SIRC. All three of us have also been appointed as members of the Board of Directors, of which Dave will remain a member. The changes will allow our C-suite to move the improved operational costs into other areas of the company and allow us to focus our limited cash resources on internal sales and operational improvements.

As CEO, I will not hold any Q&A sessions for the next 90 days, unless there is a material change that needs to be addressed. External communications will be well-controlled through our official SIRC media outlets and via our investor relations firm, MZ Group. My efforts and the team’s efforts will be focused on running the company and increasing shareholder value through good old-fashioned hard work.

I am sure that our shareholders were as disappointed with our Q1 financial results as were the management team here at SIRC. We experienced several headwinds in the quarter. Weather, which is usually reliable in SoCal, was much wetter than normal, affecting our roofing and solar divisions. NEM 3.0 also had what we are predicting is a short-term negative impact on residential solar sales. We ran into supply chain issues on one of our primary branded solar panels and had other supply challenges. We also had to reverse some cancelled residential solar sales, and we are working to rebuild the company culture after SG&A consolidation and restructuring. These factors all negatively impacted our operating performance during the first quarter.

The uncertainty encompassing the capital markets has caused a delaying effect on our commercial projects as higher interest rates change the economics on many projects and the banking industry reacts to the recent bank failures. All previously announced projects are still active, and we are working diligently to move them forward. Short-term debt servicing and litigation costs also had a dramatically negative effect on our cash flow, which has limited our ability to deploy capital into the commercial development projects we have in the queue. Rest assured that Troy, Wanda, me, and our leadership are working hard to resolve through these challenges.

If you look deeper into Q1 financials, the ability to manage operational costs was really a bright spot in the overall disappointing results.

SIRC, under my administration’s leadership, will evolve with a focus on operational organic growth, efficiency, and culture. I am dedicated to unlocking the potential of our Commercial and Industrial pipeline, our EV and Small Commercial division as well as our fast-growing services, claims and financial services divisions under our Balance brand. Our residential solar and roofing will continue to grow as we expand into new markets. We are working hard to strengthen our balance sheet, raise strategic capital, and align with opportunities that allow for exponential scale and generate shareholder value. This will take time and focus as we endeavor to emerge poised for SIRC to reach its potential and ultimately deliver on our commitment to become a world class renewable energy conglomerate.

Sincerely,

Brad Rinehart

Chief Executive Officer

About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC: SIRC) is an integrated, single-source solutions provider of solar power, roofing and EV charging systems, specializing in commercial and residential properties throughout North America. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. For more information, please visit the Company's Investor Relations website at www.solarintegratedroofing.com, Corporate website at https://www.sirc.com/ or join us on Twitter, LinkedIn or Facebook.

[budfoxfun]

$SIRC news alert! Solar Integrated Roofing Corp. Issues Letter to Shareholders from Newly Appointed CEO Brad Rinehart https://finance.yahoo.com/news/solar-integrated-roofing-corp-issues-123100792.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance

[creakyhottie]

Solar Integrated Roofing Corp. Issues Letter to Shareholders from Newly Appointed CEO Brad RinehartGlobeNewswireMay 19, 2023

HENDERSON, Nev., May 19, 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, today issued the following statement from its newly appointed CEO, Brad Rinehart.

Dear Shareholders,

We have made a significant change to our executive management team. Dave Massey is taking a medical leave of absence and has resigned as CEO and CFO of SIRC as of Monday, May 15, 2023. In tandem with his resignation, our Board of Directors has appointment me as CEO, Wanda Witoslawski as CFO, and Troy Clymer as President and COO of SIRC. All three of us have also been appointed as members of the Board of Directors, of which Dave will remain a member. The changes will allow our C-suite to move the improved operational costs into other areas of the company and allow us to focus our limited cash resources on internal sales and operational improvements.

As CEO, I will not hold any Q&A sessions for the next 90 days, unless there is a material change that needs to be addressed. External communications will be well-controlled through our official SIRC media outlets and via our investor relations firm, MZ Group. My efforts and the team's efforts will be focused on running the company and increasing shareholder value through good old-fashioned hard work.

I am sure that our shareholders were as disappointed with our Q1 financial results as were the management team here at SIRC. We experienced several headwinds in the quarter. Weather, which is usually reliable in SoCal, was much wetter than normal, affecting our roofing and solar divisions. NEM 3.0 also had what we are predicting is a short-term negative impact on residential solar sales. We ran into supply chain issues on one of our primary branded solar panels and had other supply challenges. We also had to reverse some cancelled residential solar sales, and we are working to rebuild the company culture after SG&A consolidation and restructuring. These factors all negatively impacted our operating performance during the first quarter.

The uncertainty encompassing the capital markets has caused a delaying effect on our commercial projects as higher interest rates change the economics on many projects and the banking industry reacts to the recent bank failures. All previously announced projects are still active, and we are working diligently to move them forward. Short-term debt servicing and litigation costs also had a dramatically negative effect on our cash flow, which has limited our ability to deploy capital into the commercial development projects we have in the queue. Rest assured that Troy, Wanda, me, and our leadership are working hard to resolve through these challenges.

If you look deeper into Q1 financials, the ability to manage operational costs was really a bright spot in the overall disappointing results.

SIRC, under my administration's leadership, will evolve with a focus on operational organic growth, efficiency, and culture. I am dedicated to unlocking the potential of our Commercial and Industrial pipeline, our EV and Small Commercial division as well as our fast-growing services, claims and financial services divisions under our Balance brand. Our residential solar and roofing will continue to grow as we expand into new markets. We are working hard to strengthen our balance sheet, raise strategic capital, and align with opportunities that allow for exponential scale and generate shareholder value. This will take time and focus as we endeavor to emerge poised for SIRC to reach its potential and ultimately deliver on our commitment to become a world class renewable energy conglomerate.

Sincerely,

Brad Rinehart

Chief Executive Officer

About Solar Integrated Roofing Corp.Solar Integrated Roofing Corp. (OTC: SIRC) is an integrated, single-source solutions provider of solar power, roofing and EV charging systems, specializing in commercial and residential properties throughout North America. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. For more information, please visit the Company's Investor Relations website at www.solarintegratedroofing.com, Corporate website at https://www.sirc.com/ or join us on Twitter, LinkedIn or Facebook.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements in this press include, among others, statements about our renegotiated settlement agreement. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our limited operating history; our dependence on third parties for many aspects of our business; general market and economic conditions; technical factors; the availability of outside capital; our receipt of revenues; legislative developments; changes in our expenditures and other uses of cash; our ability to find, recruit and retain personnel in sufficient numbers to support our growth; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Registration Statement on Form 10 or Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations Contact:Michael Kim/Brooks Hamilton MZ North America+1 (949) [e-mail]

COMTEX_433050655/2010/2023-05-19T08:31:03

[shajandr]

Oh I'm shure it will be down to zero employees soon.

Much sooner than most expect.

Massey says North Korea has nice beaches and they do nott cheap~OUTT in the amount of alcohol in the cocktails. Plus it is one of the very few countries that still make quality Qualudes/Mandrakes - they really smoove~OUTT the beachtime. He thinks this rehab thing can be a lott of fun. He may stay longer - at least thru the expiration of the statute of limitations dates in the USA.

Look at the bright side here - one might have bought this turd at 0.0037. That wood suck. Butthay, it was a roll of the dice and instead one might have just pissed the munny away on some stoopid, failed game-cafe con. At least here shareholder-victims gott to support Massey's addictions. Those share buys bought Massey years of substance abuse and with only the finest Scotch and coke.

[PEMBROKE1]

SIRC seems to be talking mainly in the past. I didn't see any projects named. The outstanding shares is well over 1,000,000,000 now.

When you think about it SIRC is getting smaller and smaller. Management will be down to one person soon.

[creakyhottie]

Presentations are lovely. The question is---do they have the ability to execute???? The only "execution" so far has been to the stock price.

[ProfitScout]

Be sure and review the May, 2023 SIRC Investor Presentation which is available on the company website. This has the most up to date and detailed information on the company's projects and growth plans going forward.

A Complete Alternative Energy Solution
May 2023 Investor Presentation
SIRC is an integrated, single-source solutions provider of solar power, roofing and EV charging systems, specializing in residential and commercial properties nationally.
Click here:
https://api.mziq.com/mzfilemanager/v2/d/8379c274-5504-4b09-8791-5b7786af335b/580e24a1-cee6-c294-3ee8-fab63e5a1595?origin=1

[lucky, mydog]

heard that before.

[WiseTrader55]

Headed to sub penny!

[budfoxfun]

Thin to .02's now! :)

$SIRC

[Sammy boy]

Where is trappertrip and 12? Televet? Scam! I told you folks numerous times, the pump and dump ship has sailed! This is nothing but shit !

[Sammy boy]

Ecomike lmao scam is right !

[shajandr]

"pressure was put on him to leave"

The proper term is flee.

As in flee to a non-extradition country.

Such as North Korea.

Where they also have some wonderful detox centers, rehab clinics, and "health spas" of the Asian persuasion.

[creakyhottie]

Pembroke1
I personally don't believe the health issue b.s. I think with the filing of the 10-q where we all see the 30 million Granite shares versus the 4 million he put out in the pr (so either it was an outright fib or this is another 30 million he never mentioned before), pressure was put on him to leave Just IMO

[budfoxfun]

$SIRC ready for a breakout soon, pushing for the 50ma!

[shajandr]

"Massey is taking a leave of absence because of health issues:

OK, I have heard substance abuse and alcoholism termed "health issues" before.

"Him and his family are going to North Korean for some R&R."

He and his fambly are going to North Korea for R&R? Now that is inneresting!

Which airline will they be they flying? I hear that Hamhung harbor is very picturesque this time of year.

[price_and_volume]

Same goes for OTC-investors. It's called a chart.

This guy wouldn't know the truth if it smacked him in the face!

LONGs make pathetic excuses to encourage each other to 'hold the line' throughout multi-year downtrends, always telling each other that the trend will turn.

Most go broke before they ever learn that the chart is collective wisdom, including everything known by insiders.

Downtrenders downtrend for good reason, and it ain't "MMs" and "shorts".

GLTA

[dealerschool2006]

NO $SIRC projects??? what facts is this based from??? any links???

[PEMBROKE1]

Hi wildbullus,

Massey is taking a leave of absence because of health issues and being the CEO.
Him and his family are going to North Korean for some R&R.

[wildbullus]

From 1Q report is mess! This company is scam. Massey lies every time! There are no bank loan, no commercial projects, no uplisting to Nasdaq through SPAC. AND MASSEY WENT TO TOXIC DEBTS LENDERS AGAIN, HE IS DESPERATE. This company is in death spiral, bankruptcy will come soon!

[lucky, mydog]

Buy Vol. Sell Vol. ? Vol.
327,374 1,951,669 240,793

[1dollar]

Yea a whopping $25,000. Lol

[budfoxfun]

Big volume start this morning!

$SIRC

[PEMBROKE1]

Now I know why SIRC didn't transfer most of the information to the new site.
It will send you to the old site with all the wrong information.
If you search SIRC website, you go to the old website.
I knew it, but I ignored it.
My stock is so low that I'm still holding it. Not much more to lose.

[TimmyPathetic]

Thank you and hello to everyone -
I am doing well.

My hearts goes out to those still holding, or recently been caught up in the SIRC hopeless lies and misinformation, resulting in insilder based pumps which have - in many cases changed and altered lives forever - as the rug gets pulled out (dump).

Make no doubt - Massey still calls the shots from behind the curtain.
It has gotten hot in the kitchen and Dave chooses now to lay low as the heat is on - and has puppets in front as he pulls the strings.

SIRC is - IMO - unraveling fast.
Dilution is King and "trumps" (no pun intended) all.
SIRC cannot issue shares fast enough to cover the cash burn.
Lord knows how they can procure any materials needed for any jobs - you need to question if suppliers have begun to cut them off at this point.
Looked at the Earnings Report - and 10 minutes in, I kept saying to myself - "oh, my god....."

Any loan statement SIRC makes especially at this point now is make-believe fantasy.
It has gotten to the point they take out 40% loan shark loans....
If you do not understand the meaning of this - and what this means in terms of understanding the current health of the company and now how she will sink now at an accelerated clip - well..... godspeed to you.

I did download about 30 clips - videos/ QNAs ect... (Rosen, Massey, Hunter, Pablo, Troy)
Might put together an epic, more complete video at some point of the blatant lies & misinformation spewed out to the valued retail shareholders - to throw more money against the blood stained wall.

Please take care everyone and .............

fjb

[creakyhottie]

Maybe we will get lucky and Brett Rosen goes after him criminally. Just a thought

[lowandaway]

Dave Massey: Lie after lie, year after year!

[lowandaway]

Still lurking in the weeds? Bet you're glad you got out of this disaster!

[PEMBROKE1]

Hi Tim,

Where have you been?
It's seems like it has been many months., but I noticed the last time was in January.2023
Welcome back.

[lucky, mydog]

well done.

[TimmyPathetic]

Hello -
Here is a video tribute from 2018 to 2021 of one "David Massey"
Enjoy!

DAVID MASSEY VIDEO 2018 - 2021

[lowandaway]

Massey quote:
"We are getting ready to begin a $330 million project in New Mexico that we are funding and moving to our pipeline next week."

Another crock, this company can't get a loan from anybody, how can they fund a $330 million project? This guy wouldn't know the truth if it smacked him in the face!

[1dollar]

Fund a $330 million project with what? The $500k Brett Rosen just let them borrow?

[budfoxfun]

"What are some of the new and exciting things happening for your company in 2023?" asked Davis. "We are looking at 2023 as being one of our best years yet," said Massey. "We had tremendous growth last year and this year we have an incredible commercial pipeline that we are working on," he continued. "We are getting ready to begin a $330 million project in New Mexico that we are funding and moving to our pipeline next week."

$SIRC

[PEMBROKE1]

These two filings were file May 15 2023 with the OTC

They lied about the 4,000,000 common shares. It was 30,000,000 common shares and they corrected it.

https://www.otcmarkets.com/otcapi/company/financial-report/370860/content

https://www.otcmarkets.com/otcapi/company/financial-report/370692/content

[PEMBROKE1]

Troy has authorized me to respond on his behalf.

YEA RIGHT!!!!
If it was true and SIRC lied a lot about the PR it was putting out, I believe that the statement by Massey would not have been said. It would be like letting the cat out of the bag.

[shajandr]

Troy has authorized me to respond on his behalf.

1) the state of the company's condition,
Bad.

2) What really happened with the $4.2 million purportedly "loaned" to Arbiter,
It's G-O-N-E and it ain't ever comin' back.

3) The status, if any, of any of the proposed financing(s),
Not happening now or ever.

4) The discrepancy of the shares given to Granite in exchange for forgiveness of the $14 mill.
It was a lie.

He also instructed me to tell all SIRC shareholder-victims that he wishes them luck on their future pennystock investments. And then he llaughed.

[creakyhottie]

If Troy has the backbone, now that he is Pres., he should come out with a report to shareholders giving us a true picture of

1) the state of the company's condition,
2) What really happened with the $4.2 million purportedly "loaned" to Arbiter,
3) The status, if any, of any of the proposed financing(s),
4) The discrepancy of the shares given to Granite in exchange for forgiveness of the $14 mill.

[1dollar]

Yep

[creakyhottie]

So the PR was a lie?

[1dollar]

The $14 million promissory note was converted for 30 million shares instead of the 4 million that was discussed in the Press Release. It was in the subsequent events. That’s quite a difference.

[lucky, mydog]

well. now we know why this was so heavily promoted yesterday.

[creakyhottie]

Sammy Is that an offer to buy??????? LOL

[creakyhottie]

Even a Massey resignation can't get this moving. Sheeesh

[Sammy boy]

1.7 anybody ?

[creakyhottie]

Would not be surprised if now loans came through. If I was a lender, I would have made his resignation a pre condition.