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You forgot to mention "world class".
Couple of corrections:
1. Stock compensation is promised to be far less going forward. We will see if that proves out and has less of an impact on EPS
2. The military is big on solar regardless of the election results. We'll see in 2017 if the new hire can deliver
You can point to all the theories you want. The factual data shows you are wrong from a historical perspective and since 1900 democratic presidents have presided over much better results in the DJIA by a longshot. Republican presidents are not business or tax friendly. I'm sure you remember "no new taxes" from the Bush administration... turns out there were new taxes, a lot of them
Since 1900 the annual return of the DJIA under republican presidents has been 3%. For Democratic presidents 7%. Clinton's and Obama's administrations have been among the top performers. The notion that republican controlled government is business friendly isn't supported by stock market historical statistics. It's nothing more than a republican mantra that very fire fact check
Thank you.
Do you think we will even see any material amount of government contract revenue in 2017? Prospects could be big but slow going.
Did they mention on the conference call how the new sales team is being compensated? Wondering if we are going to see more options granted now
You didn't answer the question. You spoke to a point in time that is not relevant now. Simple question let me rephrase it again. What would an employee be paid to bring in $110,000,000 in revenue to a company in one year?
Just answer the question
An IB wouldn't have generated the revenue growth so you are not comparing apples to apples. Again you didn't really answer the question of what would someone be compensated for the revenue growth that has transpired in the last year? Just answer the question.
You didn't answer the question but I'm guessing you know the answer which is why you avoided it so I'll ask the question from a different perspective and maybe we'll get to a real economic comparison. If Jim were not the CEO and an outside council attorney was engaged to deliver the purchase of Sunworks and the subsequent up-listing, what do you think that attorney would have been paid?
So what should a "de-facto CEO" make in annual compensation from all sources for running a California based publicly traded company with $110,000,000 in annual revenues?
What do you thing the median annual compensation is for a California C Corporation with $110,000,000 in annual sales is?
Tell us what you really think
What is your assessment of Sandridge's claim that the technology is a scam as evidenced by his supposed third party analysis and first pass denial by the US Patent examiner even though the patent was granted in China?
He is not suggesting that you personally file suit rather that if your are blogging to warn investors for altruistic reasons and your claims have any merit, you have as a citizen the ability to report your findings to the SEC via their Tip program and even get a whistleblower reward if your claims have any merit. My guess is 1) you either are being enriched more by what you are doing here than the whistleblower award 2) you realize that all of Jim's statements are covered under Safe Harbor but you still are enriched by what you are posting here or 3) you have already had dealings with the SEC and you know they won't take you seriously.
Please answer the following honestly
Have you ever purchased SLTD or SUNW shares of stock? If so, have your investments been via direct shares from SLTD, a debt or equity offering or only purchased in secondary market?
What other financial dealings have you had with Jim Nelson not related to SLTD or SUNW?
The problem is you imply conspiracy, wrong doing and guilt by association. Why do you need to PM with him if all is above board?
Did you count the actual number of business days? Also since you are picking on SUNW, you must have statistics to support the percentage of immaterial errors in required SEC filings by publicly traded companies by sales or market cap that support your using these events as a negative. Can you share those statistics with the board?
Trying to keep an open mind about your posts. What do you think Jim's end game is by accumulating stock in this way. Even if he sold all his shares at these prices he would be considered at the low end of what is considered a high net worth individual.
You mean like when he said a year and half ago that the goal was to reach 100 million in revenue?
I think you missed my point. Amazon needs to evaluate the customer service and project management abilities of SUNW and determine if it's scalable to residential. This is the first step. They wouldn't do that test on their customers initially. Cost per acquisition is an important component in residential solar.
My guess is this in part this a test case by Amazon to confirm if they can create a residential solar installation offering online to compete with the annoying sales people planted in Home Depot and Costco. To do that effectively they would need the services of someone like SUNW as described in the announcement to interface with the customers and provide excellent service and not necessarily due every install. One thing Amazon is known for and has been excellent at achieving is reducing the number of customer service calls and complaints per order. This is a testament to SUNW's reputation of excellent service which some of the pessimists on this board say is not a competitive differentiation
Again, where are the SEC filings to support the "inside" dumps in 2016?
Naz, I'm all for posts that point to concerns about SUNW but what I find really hard to believe about your statements are the following:
1) You claim to be long SUNW, have not flipped the stock, that your only hope is to minimize your losses and get out. No rational investor would repeatedly publish this kind of pessimism about their investment unless they are either short the stock, flipping the stock or hoping to buy cheap shares for a long play due. Which is it?
2) You have made several negative comments about board of directors not buying shares yet when you are provided with a legitimate example of board governance policy requiring a mix of independent members you never supply proof of other companies where the board members all own the company stock. Please provide proof of legitimately run companies that have non-independent board members.
3) You have made statements that SUNW couldn't even get a line of credit when they already had a $2.5 million credit facility. Don't make statements of fact that are not factual.
4) You continue to focus on dilution even when any investor using SEC required filings can assess whether or not diluted earnings per share is growing at a rate that is acceptable to them and even determine if the calculation used in diluted earnings per share is reasonable. Are you trying to protect us all?
5) Any time someone asks you to provide support for your statements you ignore the request. Why do you ignore requests for support of your statements?
Naz, if you are long pending minimization of your paper losses before you exit how are you helping yourself here? You are confusing dilution with leverage.
Nazula, from an investing strategy will you explain how suggesting SUNW is a well oiled dilution machine will help recover your unrealized losses in SUNW?
Naz, I respectfully disagree with you: Take a look below at a section of the board of governance principles, particularly the definition of independence... It's from a company that you claim the CEO adds value.
2.1 Size and composition of the Board
While the Board's size is set in the By-laws to be in a range of 8 to 18 directors, the preference is to maintain a smaller Board for the sake of efficiency. A substantial majority of directors will be independent directors under the New York Stock Exchange's independence standards.
2.2 Definition of independence
Independence determinations. The Board may determine a director to be independent if the Board has affirmatively determined that the director has no material relationship with the Firm, either directly or as a partner, shareholder or officer of an organization that has a relationship with the Firm. Independence determinations will be made on an annual basis at the time the Board approves director nominees for inclusion in the proxy statement and, if a director joins the Board between annual meetings, at such time. Each director shall notify the Board of any change in circumstances that may put his or her independence as defined in these Corporate Governance Principles at issue. If so notified, the Board will reevaluate, as promptly as practicable thereafter, such director's independence. For these purposes, a director will not be deemed independent if:
The Telecom tenant is Sirius Telecom, not Warp9
Freshness date expired on your points about pnotes. Most of what you say is either unsubstantiated, spun negatively without direct evidence or in SEC filings that investors can decide for themselves. By the way your picture of the building was misleading also.
Sorry about responding so late to this. The building is two story and is 42,215 square feet which is definitely considered a large professional office complex in the city of Santa Barbara. Three accounting firms, an ophthalmologist, a dentist, a chiropractor, a design firm, the California Department of Fish and Game, Athletic Club Offices, a telecom firm, a property manager, a vacation rental business and Invest West Financial. Quite the diversified group of businesses and not really the axis of financial evil you represent
Half a decade.???... Now remind me what the statistics are regarding businesses surviving 5 years. Statistically this is a HUGE success.
Thanks I never new what an investment bank was and the source Wikipedia is excellent. Funny you didn't mention acquisition only dilution. I wonder what Miller & Modigliani would say?
What should we be worried about?
Me too. I never bought into the notion that the run up in price per share to November 2014 had nothing to do with the cell. A lot of people were expectinG positive PR about the cell no later than the Q3 reporting deadline.
Ok, I was looking at it from the standpoint that his clarifying statement in the same video was 30 to 35 % and maybe more long term which leaves 65 to 70% from other sources which isn't the entire landscape but I can see your point
But that's not what he said
Also, if you watch the whole video you posted 30 -35% does not equal "whole"
Thanks, you have illustrated my point exactly. "Change the world of electrical power" is an entirely different statement than "change the whole landscape of energy".
Would you mind posting a link where there was an explicit statement by Jim or the company "promising to change the whole landscape of energy".
There was a TV piece where he said the goal was to invest $400K in development to increase existing solar efficiency with the 3D nanostructures but I don't recall him promising to change the whole landscape of energy, only that an increase to 25% efficiency with the 3D cell would be a gamechanger in terms of cost of solar energy production.
Would you please do us all a favor and report correctly how much Nelson has been "enriched" since he was hired to run the company in 2010. Please break it down by salary, cash bonus and sales of options and restricted stock grants. I would love to see the real number.. Then to be fair, let's compare it to some compensation studies of other similar sized $100 million revenue companies in California. Also, where is Sunworks going to get the capital to take the company private?
If so we should see some SEC filings to support you claim correct. If we don't see them what does that say about your analysis?