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These LOI EV acquisitions was one year ago! And never finished the acquisitions!
Why Elon cares about this low tech roofing company?
“This would imply the share price should be trading around double where it is now (around a 120% gain from a PPS of 0.033). “
So the SP will be less than 10cents by the end of year?
At current 3cents price! Massey should use 10M loan to buy back 300M shares! Which should boost share price to $0.50!
Where is the the Nasdaq interview which is supposed to be released later this week?
“the full terms of the note are not public as an 8-K has not been filed.”
Why Massey did not want to file 8K? Does he want to hide the full terms as long as possible? Is this loan toxic? Or the loans just doesn’t exist?
We have to wait for10K by the end of March to know to details!
Long time waiting!
I appreciate you reaching out. Your email is correct, the full terms of the note are not public as an 8-K has not been filed. Further details will be reflected in our 10-K filing, due by the end of March.
Thank you,
Lucas A. Zimmerman
MZ Group | Director – MZ North America
$sirc pic.twitter.com/qegNnt9pAG
— luis ignacio perez estile (@ignaciovarela33) February 10, 2023
You are absolutely right! Massey has to go! His constant lying and cheating ruined his credibility!
Dave Massey secured 25M note with interest of 6% from an institutional investor!
You all will sell your shares tomorrow? The market cap is only 1/10 of revenue they make!
Revenue more than 150M, market cap 18M! Is this really under value? Or just near the BK?
How can Dave find people so quickly?
This company is toasted,
Massey created a scam company, refused to pay FHP employees! Thus created false high revenue! To cheat investors into investing this scam company! Steal money from investors!
Price_and_volume
Any chance the SIRC can run up?
The lawsuit against Pablo was settled outside the court! SIRC has to give 64M shares to Pablo.
And it is SING filed lawsuit against SIRC, NOT SIRC filed lawsuit against SING. I am afraid SIRC will also give LOTS shares to SING to settle the lawsuit!
Thanks! So the lawsuit between SING and SIRC was caused by Pablo? Pablo must lie to Massey during the acquisition? Then why Pablo can get off the lawsuit?
Do you know why does SING suit SIRC for? SING should suit Pablo instead!
Why settled this lawsuit when stock price at 7cents? Massey should have settled it when stock price at 3 dollars! Massey gave out shares like candy at investors expense! Go to hell MASSEY!
And I just can not believe Pablo won the lawsuit just acting as whistle blower! And SIRC wanted to settle out of court and gave Pablo 64M shares plus cash to shut his mouth!
I do not think it will be broken! The management can keep doing dilution and RS! Investors will be their piggy bank!
SIRC balance sheet still has lots to be cleaned up! Like lawsuits, PLEMCo acquisition. And bank loans is vital for the sp to go up!
Did Timothy Sykes pump on Friday and dump today?
The management need to get bank loans to finish the 40% of PLEMCo purchase!
Twenty-four months after Closing, Seller shall sell and Buyer shall purchase the remaining Forty (40%) Percent of the Shares. The purchase price for the shares sold under Transaction No. 2 shall be based on a ratio of purchase price versus the trailing 24-month average annual revenue for the 24-month period immediately following Closing with an anticipated multiplier of 1.68. As an example, if the average annual 24-month revenue is $3.5M, then the value of 100% of the Shares of PLEMCo will be valued at 1.68 x $3.5M = $5.88M, thus the value for 40% of the shares would be valued at $2,352,000. An amount equal to 40% of the post- closing liquidity (stated in §1.04) and corrected for any adjustments thereupon, shall be added to result. Seller shall have discretion as to the composition of the purchase price under Transaction No. 2 and may elect to receive any combination of cash and Buyer’s common stock provided the combined amount does not exceed the agreed upon purchase price for this Section 1.02(b). Buyer has an affirmative obligation to purchase and Seller has an affirmative obligation sell the remaining 40% Percent of the Shares no later than 24-months following Closing. In the event
Should be before March 16, 2023.
Per the agreement "In the event 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." https://www.sec.gov/Archives/edgar/data/1756704/000109690622002177/sirc_ex10z9.htm
Next step is to find two independent directors for OTCQB uplisting!
The management settled the lawsuit, finished the dragging acquisitions, retired preferred C and B, clearing the toxic notes. Now it will be qualified for uplisting to OTCQB and get loan from banks with Holmes and Abbruzzese connections! So SIRC can grow organically!
Should be before March 16, 2023.
Per the agreement "In the event 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." https://www.sec.gov/Archives/edgar/data/1756704/000109690622002177/sirc_ex10z9.htm
Can this volume be the Pablo selling?
A tax provision known as tax loss swapping or tax loss harvesting can help investors offset their realized gains this year with losses — as long as the losing trades are executed prior to the close of the market on the final trading day of the year. This year, the deadline is Dec. 30 at 4pm ET.
Pablo selling? He is in financial trouble now?
Well said! Hope they can get bank loan of 100M!
This settlement is only favorable to Pablo, he got 64M shares! What SIRC got from Pablo? Nothing! Maybe his mouth shut? So SIRC has something in Pablo hand! Also because of Pablo SIRC GETS LAWSUITS FROM SING!
It turned out that Pablo won the lawsuit! We shareholders have to pay the price! Stupid Massey!
Dave Massey made stupid mistakes, and shareholders paid the price!
Luke Zimmerman
Pablo has no position with the company. He simply works in the same industry and it's possible our paths cross again on projects.
Best,
Lucas A. Zimmerman
MZ Group | Director - MZ North America
Main: 949-259-4987
Mobile: 317-498-1150
luke.zimmerman@mzgroup.us
Until the company finishes dilution or gets bank loan!
With SP continuing down, TimmyPathetic made wise decision to sell at 14.5