Sunworks Inc (Warrants) (fka SUNWW)

[Level2Me]

Yea.... I remember five years ago, everything was so exciting. Now this.

[Renee]

SUNWW: security became matured/expired.

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[SandridgeEnergy]

The price of the warrant should adjust to the lowest price that the company dilutes at, supposedly. From what others have posted, this might not be going on. Splits should not have any economical effect on the warrant. If you own warrants, try contacting the CFO ([e-mail]) and see what you find out. If this doesn't work you might need to look into other avenues to compel access to this information.

[Thomas8000]

Can someone help me understand this. 3Mil warrants were issued at $4.15 strike as I read. Now, I dont know the exact date of the sale of these warrants, but lets say there was some dilution of SLTD/SUNW of 30% until the recent split, and then a 7 to 1 split. Would it be like

$4,15 - 30% dilution (more shares) = Strike price $2,9

7 to 1 reverse (less shares)

$2,9 x 7 = $20,3 strike

And / Or will the amount of warrants to issue one share also be adjusted to 7 (ish)

[SandridgeEnergy]

You have plenty of rights under the contract - get together with other warrant holders and get a good broker or lawyer to enforce them. If that is not feasible then it's probably best to just write it off as a total loss.

Trusting the company to pro-actively enforce arcane rights when they are close to going broke is a losing proposition. What is the consequence for them of just doing nothing? Most likely the small retail investors they have been screwing for years with zero consequences will just take the abuse again.

[ImpishGrin]

That's really bad then - mine just show as SUNWW with no details - that $4.15 strike price supposedly is much closer to $0.50 now. Between that and the split there appears to be no control on what is being bought/sold/held any longer

[Level2Me]

I'm with IB. Same story, never got adjusted. Still show them as "4.15 Mar 2020 Call"

[ImpishGrin]

Does anyone's trading account depict a split for SUNWW shares? My Ameritrade account does not . . . I emailed Rob Fink the night prior to the SUNW reverse split and he indicated that

All options, warrants and stock awards outstanding immediately prior to the reverse stock split will be adjusted accordingly

However, the SUNWW warrants are not traded on the NASDAQ (pink sheets) so there may not be a central exchange that is tasked with managing the amount of shares in the event of a split, etc. But there has to be some mechanism to do so, right?

Maybe everyone has just written them off at this point and doesn't care but there is a chance that they will be in the money soon if the underlying SUNW price rises significantly from current levels. At this point, very few could afford to actually convert the warrants to real shares at the 7x quantity currently and artificially reflected in our accounts. If this is just an Ameritrade issue then I will contact them but assume that everyone else is in the same boat?

[Tommy John Surgery]

If you load these at .01 by Q3-Q4 and without the need for a R/S these could easily be worth .04 to .05 at the lower end. Could be a nice return.

[Level2Me]

$300 ... hardly can call it dumping. Too bad Sandridge was right

[12ka]

more warrants dumping

[Tommy John Surgery]

I certainly hope so. I’m along for the ride.

[12ka]

I have 100K now wort 500$ down 20K will keep buying,I think SUNW can turn this ship around,by 2020 when they expire

[Tommy John Surgery]

I’m thinking with the timing getting closer to expiration and the SP at historical lows the valuation of the warrants using the BS method indicated they’re worthless and dumped the position. Only thing that can help is a profitable Q or two. Oh well, lesson learned.

[12ka]

etrf with 300K bid you here?

[12ka]

sold by MAXM didn't know they can dilute warrants,any idea what is going on here

[Tommy John Surgery]

Wonder what’s up?!?!

[Tommy John Surgery]

255,000 warrants traded. Not a good sign. Wonder what is getting ready to come.

[swiamca]

does anyone have an example of warrants that traded for pennies less than 2 yrs b4 expiry and somehow made it?

[Tommy John Surgery]

Why am I seeing $.0006

[Level2Me]

Zzzzz

[Level2Me]

Zzzzzzz.....
Wake up wake up wake up
))

[Level2Me]

I don't think it's coincidence --- and considering recent 8k I can smell something in the air... Merger?

[Tommy John Surgery]

They can have all of mine. For $4.20 each!

[Intotheblack]

I noticed lvl2 shows a low ball bid of over 3mil. There's only 3 mil of these things... someone wants them all. And make no mistake- if the bid is 3 mil, that's no accident- whoever has that bid knows that's how many exist.

[Tommy John Surgery]

Hope for action here if stock trades well today.

[Level2Me]

Yawn....

[Jakhoub]

I bought 4,000 shares yesterday at 0.20

[Level2Me]

Does look like someone got bored and was dumping their warrants.

[12ka]

I bought 10k this week

[spitzz]

Two days of interesting volume this week.

[Level2Me]

If JP Morgan is holding, then AL Bridges will hold as well.

[Intotheblack]

JP Morgan Still holding 60.7K these as of today:
https://www.sec.gov/Archives/edgar/data/1592106/000119312517098964/d317308dnq.htm

[Level2Me]

Wow, huge volume here :)
Two ask slaps is unheard of recently

[Level2Me]

The 100 share slap at 0.49 messes up my account ;)

[Level2Me]

Look, mooons account got hacked ;)

[Intotheblack]

Time to change the password again!!!

[JoseSD]

pretty depressing to look at these warrants...

[Intotheblack]

It's getting interesting here. Seems like the increased volatility of this issue is showing the bottom may be in on the SUNW ticker. The spread on these in recent days was within .10, and although a larger spread is now showing, the ask is being nibbled on regularly. Given the SUNW ticker recently had an almost 100% increase in the institutional holdings POST Q316 ER, and now we're seeing some increased activity here, along with the institutional holdings of this issue as well, I'm wondering if this increased activity could be the indicator I think it is. Time will tell.

I might be forced to do a little more averaging down here short term. If the FY16 ER for SUNW puts a bottom in that chart, there's a strong probability that these will never be this cheap again.

[JoseSD]

pppffff same here.....still holding everything I have. Haven't sold a single warrant yet.

[Level2Me]

Looks like some of the longs here own more than JP Morgan ;)
Already at 0.39...
Well, if it decides to drop any further, like the irrational drop to 0.11 it had few months ago, I'm not going to mind a bit -- ready to add more at those levels.

[Intotheblack]

Someone is working these today. Very interesting considering a few big players that have reported stakes in SUNWW recently:

JPMorgan: 60774
https://www.sec.gov/Archives/edgar/data/1592106/000119312516808068/d290206dncsr.htm
Blackrock: 23197
https://www.sec.gov/Archives/edgar/data/844779/000119312517016193/d300285dnq.htm
American Beacon Funds: 73040
https://www.sec.gov/Archives/edgar/data/809593/000119312516779731/d264532dnq.htm

[Level2Me]

0.45 on the ask

[Level2Me]

Well, there's been some life in them recently.... I bought some last week. I see there were several trades this week, too. Remember, the price on these is determined by several factors, volatility of the underlying stock being one of them. It has potential to grow even if the stock remains in this $2-$3 range

[Intotheblack]

Sungevity Going Public May Cause A Bullish Correction In Sunworks
Sungevity Going Public May Cause A Bullish Correction In Sunworks


http://seekingalpha.com/article/4015794-sungevity-going-public-may-cause-bullish-correction-sunworks?v=1477659794&commenter=1&comments=show

[Intotheblack]

Agreed. It'll get there, give it time. These are like slow cookers- takes forever, but once it's done it's gonna be soooo good!! hahaha

[Level2Me]

You are right, I shouldn't call it 'fake'. What I mean is it's not realistic to actually sell one's position at that level. The bid/ask is way below last price.

But yeah, I'm happy it's not at 0.10-0.30 anymore. I want to see it above $1 but PPS needs to add another 50-75 cents for that

[Intotheblack]

[Intotheblack]

I don't think you can call it "fake"... I mean a transaction took place at .947, so that IS what the price is. It would appear there is a wedge drawn on this chart as well. The future of these warrants is going to be pretty interesting. Considering the underlying SUNW call options are seeing a lot of interest, and these are basically out of the money long call options, I like what's going on here and think we should see a continuance.

[Level2Me]

Too bad 0.9470 is fake, it looks so great! Warrants will be way above $1 once ER comes out