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Hi creakyhottie,
You could be right.
BUT when you say
"I think these first few months under the new management, is to first clean up the mess,"
Their Top Management keeps changing. Now they are down to two people.
Brad Rinehart & Troy Clymer.
How long will they be with SIRC? If something is wrong, I wonder if they want to be the fall guys.
D&O insurance. Class action lawyers get the D&O insurance and if there are any pennies left over, the shareholders will gett nothing or basically nothing after administrative fees and postage.
Butt the class-action lawyers gett paid first - off the top - and will tke most to all of the D&O insurance and personal judgements against MASSEY et al. (which may be uncollectable). Unlike most pennyscams, this turd was bigg enuff to pay for D&O insurance.
Too much $$$ lost here for the SEC to ignore this one.
Doubt there will be any class action lawsuits, as attorneys will see there is nothing to collect from, so they won't bother.
SEC won't bother as it is not high profile enough.
How was Enron cleaned up?
Same thing here.
This overt scam ends only one way:
1. The SEC sues the company and several current and/or former employees/officers/directors, including, butt nott limited to, NEWBY. MASSEY. and WITLESSKOWSKA. Possibly additional directors and officers.
2. Shareholder class action plaintiff lawyers will first announce investigations and then file class action lawsuits and troll for shareholders so the firm with the most $$$ claims can be named the led class-action plaintiff counsel. The class action lawsuit will name the company and all of those in #1 above as defendants.
3. Criminal indictments for most or all of those in #1 above will issue and they will be arrested (unless in North Korea), bailed, tried, CONvicted, and imprisoned.
4. The company will be liquidated in Chapter 7 bankruptcy., FINRA will cancel the ticker, and this iHub board will become the Solar Integrated Roofing Corp (fka SIRC) board and will contain years of ridiculous posts claiming the liquidated company is coming back and that naked shorts will have to cover and all kinds of utter nonsense.And then it will slowly die.
Pembroke1
I understand your point. However, I think these first few months under the new management, is to first clean up the mess, make sure everyone is focused correctly and then hopefully can announce new endeavors.
Not any different than when your immature child makes a total mess of his room. You have to clean it up before you can consider making any improvements.
Don't forget who was running this company before.
It seemed to be same old same old.
it is. this is just their replacement for the calls. we all know how well those went.
When will they restate previous financials?
Latest filing was to end SEC filing requirements - $SIRC has intentionally re-joined the OTC non-reporting sewer.
Other companies release 8-Ks to announce "its come to our attention that previous financial statements can not be relied upon for accurate disclosure..."
That surely seems to be the case here - granted, most realized that long ago, which is evident by the price-trend over the past 2 years.
Oh well, GLTA!
Hi creakyhottie,
I could be wrong. But what I gathered from the PR was nothing.
It seemed to be same old same old. As far as I am concerned there was nothing new in their PR. Everything mentioned in it was no surprise. Not too many specifics.
Except they left out anything to do with the last PR Up-list.
It doesn't seem like the market thinks it great news.
As the old saying goes, you can't beat a dead horse.
Or because the "project' is a CONtract with a prison inmate to put a solar PV panel in his cell window, and the prison won't allow access.
In this situation, the cell may be earmarked for future occupancy by MASSEY, NEWBY, or WITLESSKOWSKA.
Pembroke1
I beg to differ. Even though I have begun to hate the company over the last year, I think this was the first realistic, professional PR in a long time. However, I did not like the nebulous part of not being able to start a project because they could not get access, and from their wording it sounds like may not have access for a few months. A little more detail would have been appreciated.
When companies word things like that, it usually is because they are trying to hide an embarrassment----perhaps here they did not realize certain permits, or the like, were necessary, or perhaps needed to obtain a right of way easement, and now they have to wait through the process. Just a guess.
When is SIRC going to get the hint that coming out with their stupid PR will bring down the Price Per Share.
They should just keep their mouths shut and never give PR again.
That is the only way it might help the stock
Better yet they should all just resign from the company and have nobody running it. That would be an improvement.
This turd is going down. And I don't mean just in stock price. This scam will end up in court - in multiple cases, civil and criminole, and the company will nott survive, and the ticker Shirley won't either.
This is just a much smaller scale Enron except with the added features of false orders, fake revenue reported, embezzlement, 18 USC 1001 violations in information provided to the SEC ... plus the Enron securities and wire fraud.
This turd is DEAD and just swirling in DaBowl/DaBowel until it hits the flush hole.
We are experiencing some delays related to securing access to the property to start the project. This is due to several factors beyond SIRC’s control
What the heck is that?
But happy to see a professional update from the company
HENDERSON, Nev. , June 01, 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 a project and business update letter to shareholders from the Company’s Chief Executive Officer, Brad Rinehart , and President/COO, Troy Clymer . Going forward, SIRC management plans to issue monthly updates on major projects and overall business operations.
Dear Shareholders,
SIRC, under my administration’s leadership, will focus on timely and transparent communications with shareholders, stakeholders and all involved with the success of the Company. Communication is core to our focus on organic growth, efficiency, and culture. Our leadership team is 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. In addition, we expect our residential solar and roofing business to continue to grow as we expand into new markets. We remain committed to maximizing shareholder value and providing regular updates as we continue to work hard to strengthen our balance sheet, raise strategic capital, and align with opportunities that allow for exponential scale. The team is focused on delivering on our commitment to become a world class clean energy conglomerate.
Commercial Project Update:
The Calaway Farms project remains active in our project portfolio. SIRC has completed the design and engineering phase of the project and has negotiated terms for the 8 Mw solar array. As with all large-scale energy projects, the path to completion can be somewhat unpredictable. We are experiencing some delays related to securing access to the property to start the project. This is due to several factors beyond SIRC’s control. The project is now expected to begin construction in the third or fourth quarter of this year. Calaway and SIRC remain committed to moving this project forward and will continue to work together to make progress on this new agricultural initiative.
The Lordsburg Green Hydrogen project currently remains in the development phase. We are actively working with our development and project teams, including partners, to advance this project. We will continue to provide regular updates on key milestones.
PLEMCo recently completed the EVSE Project at the Barstow Veterans Home which successfully passed final inspection this past week. Next week, PLEMCo starts the EVSE project at Olive View Hospital which represents a $600,000 opportunity. PLEMCo has also completed four additional commission-only EVSE locations for the contracts with Los Angeles County .
MacKay Roofing is completing the first of three buildings on a commercial contract valued at $1.4 million in addition to the residential roofing projects in their pipeline.
Milholland Solar , as expected, has experienced a slight slowdown due to the new regulations in the state of California . That said, the firm has added two additional Battery Installation crews to support the growth in that portion of their market. Solar sales are increasingly opening new markets outside of California as well. Geographic extension remains a major focus for our residential and SME commercial division.
Balance and SIRC’s shared services division has generated dramatic increases in volumes, revenues, and profit margins. This was due in part to synergies across our businesses and the strength and maturity of the Balance brand. The services and claims administration areas leverage our strong relationships with contractors across the nation and have benefited from the active storm season thus far this year in the US. Looking ahead, we expect the Balance and SIRC services division to continue to deliver strong revenue and profitability growth this year reflecting the recently successful launch of SIRC’s new Finance Division. The pending launches of additional SIRC Finance and Balance Finance by SIRC product solutions in mid-June and throughout July will further enhance growth and near-term cash flows.
The new management team at SIRC remains committed to open and transparent dialog with our shareholders. Looking ahead, we remain focused on improving shareholder communications, particularly as it relates to providing regular updates on important topics.
Sincerely,
Brad Rinehart & Troy Clymer
Chief Executive Officer & President
I don't do LinkedIn...any time there's a deal made with another company peeps should verify with said company... especially $SIRC...
I'm surprised you got ZERO replies to this...
what needs to be done is verification with Tribeca to make sure this deal with $SIRC is real...
I read it and quoted the important part.
Most likely no one read it.
Hi price_and_ volume,
Below is an exact message I left on this board on the May 28,2023.
I was hoping that on the message you read that people would automatically understand that if it happened it could take up to two years to complete by reading it.
Most likely no one read it.
I hope everything goes through alright. But knowing SIRC who knows?
Even if it happens it could take two years for the Up-list. From their information below.
"Tribeca Energy shall consummate a merger agreement to list on the NYSE/Nasdaq by October 30, 2023, pending completion of all relevant/necessary documents, and no later than 12 months from the time of this LOC."
Very unlikely imo. "Completion" will never happen.
...pending completion of all relevant/necessary documents...
There is nothing to keep the price from continuing to drift down. I agree with your analysis!
Lowandaway
What is there to keep the price up, or even steady.
Company basically stated they have little cash to move forward, the SPAC deal was so nebulous that no one can value what it means to SIRC shareholders. I wonder if it was even done with the new management's consent, as it was Massey's last act before he cancelled his Preferred A (voting control) stock. The CEO basically said we will not hear from him for 90 days.
So why should anyone buy. And if no one buys, gravity will just inch it downward.
Great day today. Down only 1/2%. That's a victory for this thing!
Still here. Still long, Just been super busy saving the world...
Still watching L-2, and I saw the recent news a week ago.
Down another 7% today. How low will it go now? Are we headed for a 52 week low?
The best thing SIRC can do is buy back each of my shares at $1.50.
And please.no more bull shit PR's
It appears that some shareholders are not reading this quote from their last PR.
."Tribeca Energy shall consummate a merger agreement to list on the NYSE/Nasdaq by October 30, 2023, pending completion of all relevant/necessary documents, and no later than 12 months from the time of this LOC."
Sure you are
Eco… you still here? I like when we’re in the same sand box!!
Why Wednesday?
Suspect they will sell off units for their profit.
GOING TO BE SOME VERY HEAVY VOLUME WEDSDAY GOING WITH THE FLOW $$SIRC$$
I hope everything goes through alright. But knowing SIRC who knows?
Even if it happens it could take two years for the Up-list. From their information below.
"Tribeca Energy shall consummate a merger agreement to list on the NYSE/Nasdaq by October 30, 2023, pending completion of all relevant/necessary documents, and no later than 12 months from the time of this LOC."
Appreciate the welcome :)
SIRC
YOU CAME TO THE RIGHT PLACE BRO $$SIRC$$
Gonna be slappo the ask next week I like dark rogue unpredictable tickers
SIRC
Hi jethro123,
The news came through the GlobeNewswire on May 25, 2023, at 8:30 AM ET
Where did you post it 10 hours before?
It wasn't on this board.
U HAVE - NOTICE I PREDICTED THE MERGE 10 HOURS BEFORE IT WAS POSTED - SAYING THE POLLACK SHUD MERGIT - ooooooooooooooooooooHOOHOHOHO!!!!!!!!!!!
LOTS OF VOLUME AT END OF DAY FOR ONE, BUY OUT FOR TWO $$SIRC$$
Why do you think that?
I THINK WE WILL SEE SOME .03s NEXT WEEK $$$
I AGREE BRO $$SIRC$$
.02s are getting loaded. Peeps were trying to get shares at .0195, but big orders wouldn’t fill that’s when we saw big orders show up at .02 on the bid IMO. Then it got painted down at EOD. Whales loading in my opinion…
Hi The_Edge,
It doesn't matter if there is good news or good PR or even if they said they were going to the New York Stock Exchange.
At the last 5 minutes of the trading day (every day) there is a sell off.
The stock gets either crowded with ask bids or the ask bids give into the bids which keep dropping because they know the asks are running scared., causing the stock to go down.
Well, that was a nice one day rally!
It appears to be carefully accumulated in such a way as not to garner much attention..
It’s very strange the way its trading, as if someone is taking control of the shares.
Jmho
When I went to read the new messages, I thought I was on the wrong message board.
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