CSKH - waiting for the sun to shine
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thanks for your candor Josey.
Nice job getting out in the .04's. You said you were going to exit after being burned so many times (every rise to .05 or so results in a 100% retrace). In hindsight I should have taken your advice.
I'm still ALL in - wish me luck.
well timed buy I must say.
Whoever threw in the towel at .02 can't be feeling too good today
Good job to everyone that held, I know it took some big cahonies to hang on.
Now we just need something SOLID going forward.
PR tomorrow to turn this worm?
We need a reason to buy! (other than the stock being cheap)
that deficit wasn't actual cash they spent.
There are all these accounting gimmicks how companies assign monetary value to things and then write them of. This company never had $28M to loose.
The CEO owes us in a huge way for stringing us along and dropping that devastating weapon of financial destruction on us, the non-existent Q4 revenues.
Even the recent private placement selling restricted shares for .024, they are now under underwater with the rest of us. I'm sure they are Calling Ezra and saying wtf, you told us the company is executing.
Yesterdays downdraft was probably some large holder like myself that lost all patience and whacked the bid. All it will take is for more of that to really tank the pps. Ezra needs to step up and give shareholders a reason to BUY, or at least HOLD, before he has no shareholders left.
the bid rebuilt to .023
but no one was willing to put up even $10 for a paint job.
down 30% today - NICE 10k, LOL.
like two peas in pod
pennyland is full of crooks
CSKH is now an officially 2 cent two bit company that sucks money from shareholders like a giant leech
I just lost another $8,800 on this pos today.
I hope Chevra's and Kehal's whole congregation shows up at the office with pitch forks!
I could have used that money to sue that SOB for stringing us along with that phony $15M guidance
well, now we know what the market thinks of Mr. Green's job performance
about 750k dumped into the bid
in the toilet....
Time Price Volume Exchange
15:40:20 0.0201 5000 OBB
15:38:38 0.02 79500 OBB
15:38:34 0.02 4000 OBB
15:37:44 0.02 52000 OBB
15:36:38 0.02 5000 OBB
15:36:36 0.02 20000 OBB
15:36:36 0.02 90000 OBB
15:34:04 0.02 2605 OBB
15:33:52 0.02 99600 OBB
15:33:49 0.02 99600 OBB
15:33:49 0.02 99200 OBB
15:33:44 0.02 99600 OBB
15:33:32 0.02 96995 OBB
15:33:21 0.02 5000 OBB
15:33:11 0.021 5000 OBB
15:32:40 0.021 10000 OBB
15:32:38 0.021 5000 OBB
15:32:34 0.021 5000 OBB
15:32:19 0.021 100000 OBB
15:32:19 0.0211 6400 OBB
15:32:13 0.0211 5000 OBB
15:32:03 0.0211 1000 OBB
15:31:36 0.0225 5000 OBB
15:30:56 0.023 5000 OBB
15:30:23 0.023 29000 OBB
15:30:21 0.023 10000 OBB
15:29:51 0.0231 10000 OBB
14:37:47 0.025 2500 OBB
14:22:43 0.025 31000 OBB
13:51:04 0.025 40000 OBB
11:55:40 0.025 40000 OBB
10:45:55 0.025 15000 OBB
10:07:04 0.025 5000 OBB
10:00:45 0.025 8000 OBB
09:38:05 0.027 5000 OBB
09:37:54 0.027 3000 OBB
09:35:31 0.027 1980 OBB
09:30:03 0.027 4000 OBB
04/14 0.028 1000 OBB
04/14 0.028 3000 OBB
04/14 0.028 2000 OBB
04/14 0.023 39400 OBB
04/14 0.023 600 OBB
04/14 0.028 1000 OBB
04/14 0.023 50000 OBB
04/14 0.023 10000 OBB
04/14 0.028 3000 OBB
04/14 0.023 15000 OBB
04/14 0.023 3400 OBB
04/14 0.0233 5000 OBB
all solars are in funk right now anyway
see #msg-56306503 for charts
Ezra Green owes us bigtime
He better be working his butt off and have something soon to rescue the pps.
down another 10% - OUCH
"chevra and kehal" mustn't be to happy either. They bought loads at .025 six months ago. The pps is still .025!
today's tape
04/14 0.028 1000 OBB
04/14 0.028 3000 OBB
04/14 0.028 2000 OBB
04/14 0.023 39400 OBB
04/14 0.023 600 OBB
04/14 0.028 1000 OBB
04/14 0.023 50000 OBB
04/14 0.023 10000 OBB
04/14 0.028 3000 OBB
04/14 0.023 15000 OBB
04/14 0.023 3400 OBB
04/14 0.0233 5000 OBB
04/14 0.0237 21000 OBB
04/14 0.025 10000 OBB
04/14 0.0251 10000 OBB
04/14 0.026 50000 OBB
04/14 0.0261 15000 OBB
04/14 0.0264 5000 OBB
04/14 0.0265 60600 OBB
04/14 0.0265 46000 OBB
04/14 0.0266 28000 OBB
04/14 0.0266 5000 OBB
04/14 0.0266 20000 OBB
04/14 0.0266 30000 OBB
04/14 0.027 5000 OBB
04/14 0.027 10000 OBB
04/14 0.027 15000 OBB
04/14 0.027 25000 OBB
04/14 0.027 10000 OBB
04/14 0.027 40000 OBB
04/14 0.0276 10000 OBB
04/14 0.028 13707 OBB
04/14 0.028 5000 OBB
04/14 0.0279 5000 OBB
04/14 0.0276 1000 OBB
04/14 0.0276 1000 OBB
04/14 0.0279 2222 OBB
04/14 0.0272 990 OBB
04/13 0.0272 4500 OBB
04/13 0.0271 5000 OBB
04/13 0.028 1000 OBB
04/13 0.0275 5000 OBB
04/13 0.028 1000 OBB
04/13 0.027 5000 OBB
04/13 0.027 5000 OBB
04/13 0.028 1000 OBB
04/13 0.027 2650 OBB
04/13 0.0266 500 OBB
04/13 0.028 1000 OBB
04/13 0.027 1350 OBB
common shareholders basically pay for everything
Shares issued in connection with building lease deposit 5,000,000
at .04 that's $200 grand
Shares issued on conversion of notes and interest due 49,514,200
at .04 that's $2 million smackers (At least the elephant in the room has now been taken out)
Shares issued on exercise of warrants 4,976,190
Shares issued to consultants for services rendered 8,500,000
Shares issued to law firms for legal services 3,950,562
Total other income (expense) ($3,099,761)
These guys sure know how to put numbers in the red column. Was this the beer money for the installers?
This can't be real money that went through their hands. I has to be some numbers game to make sure they pay no taxes for years to come. (plenty of old offsetting losses in case they ever turn a profit).
Interest expense ($3,339,359)
Congratulations "Alpha capital Anstalt" and "Barry Hoing" for knowing how the game is played
The company didn't pay out this cash. Its just dollar value assigned to the dilution shares they doled out to get rid of them.
Is this part of the $7,094,467 General and administrative expenses? Must be.
On August 2, 2010, Clear Skies Solar, Inc. (the “Company”) entered into an agreement with Alpha Capital Anstalt (“Alpha”) pursuant to which Alpha agreed to convert outstanding promissory notes issued by the Company to Alpha in the aggregate principal amount of $275,000 (the “Notes”); provided that following a conversion the holder of the Notes, together with its affiliates, would not beneficially own greater than 9.99% of the outstanding shares of the Company’s common stock.
In addition, Alpha (a) waived any and all rights under the Notes and related subscription agreement (the “SA”) relating to: (i) any rights of first refusal, (ii) anti-dilution and most favored nations provisions, and (iii) negative covenants in the SA, including but not limited to limitations on filing of any registration statements under the Securities Act of 1933, as amended, and transactions with affiliates and other insiders, and (b) released any and all security interests in any collateral pledged to Alpha to secure the Notes.
How many shares did they get? 35M maybe
OS: 121,479,279 (08-19-2010)
OS: 84,749,254 (05-07-2010)
$275,000 / 35M shares = .0078
35M shares at .04 is $1.4M (not even 1/2 the Interest expense ($3,339,359)
General and administrative expenses $7,094,467
This figure is crazy. No itemization for it either.
Pursuant to the Agreements Messrs. Green, Oliveri and Goldberg are to receive minimum annual base salaries of $250,000, $200,000 and $200,000, respectively
That doesn't even come to $1M, did they buy a lot of paperclips or something?
We lease approximately 3,356 square feet of office space at 200 Old Country Road, Mineola, New York from HUB Properties Trust currently at a base rental including electricity of $9,227 per month increasing to $9,521 per month on June 1, 2011 and annually thereafter, pursuant to a seven year lease. We also own approximately 34 acres of unimproved land in the Mojave Desert in Kern County, California. This land is being held for future development as a solar farm to supply the distribution system of Southern California Edison Company, which has a substation adjacent to this property.
They are right next door to the Attorney General, lol.
"...we had approximately $17,000 and $449,000 at December 31, 2010 and March 31, 2011..."
So they have lots of money in the bank, lets hope they are buying solar panels and installing them with that dough!
We currently have only three projects under construction, earned all our revenues in 2010 from five contracts with one customer, earned no revenue for project construction in 2009 and may not generate substantial revenues or net income in the future.
This last line is standard boilerplate found in every 10k - especially so in pennyland.
They did five commercial installations in 2010, all for G&S
Why they didn't get the $15M in work from G&S they aren't saying. G&S got an award for a job where CSKH did the work. Did G&S loose the jobs and therefore we lost them? Who's fault is it? G&S's or CSKH's why the projects stopped.
Like any company that puts all their eggs in one basket, they take the risk of the eggs breaking. But hey, look at 2009, zilch, so G&S was a good find, but just no good enough to get $15M in business
It says "currently" we have 3 projects underway. So in Q2 somethings happening. I see no mention of Q1 work in the 10k, so in 30 days we'll get that info in the 10Q.
Our revenues were $5,529,000 and $194,000 for the years ended December 31, 2010 and 2009, respectively.
I was thinking on the lines of 230M myself
So 206M from 172M results in 34M dilution over 5 months (nov, 16).
"...At December 31, 2010 and March 31, 2011 we had approximately $17,000 and $449,000..."
So they have lots of money in the bank, lets hope they are buying solar panels and installing them with the dough!
I wonder if they've completed a single job in 2011.
Even they put solar panels on a shed - that would be something!
These guys spent way too much time in office making calls to find financiers who will buy their paper so they can collect a paycheck.
NITE on the offer is RELENTLESS
down 10%, what a POS this stock (and therefore company) has become.
I just found this in the last 10k
"...Ezra began his career as a software engineer and programmer...."
I think this guy can do HTML. lol.
remember the crying about how credit dried up in 2009
Clear Skies Solar Partners with Cavallo Energy to Develop $10 Million+ Solar PV Installation
Posted on August 26, 2009 by Turn Key Oil
MINEOLA, N.Y., and LOS ANGELES, Aug. 26 /PRNewswire-FirstCall/ — Clear Skies Solar, Inc. (BULLETIN BOARD: CSKH) , a leading provider of turnkey solar electricity installations and renewable energy solutions, today announced the much-anticipated development of their 34-acre property in the Cantil section of California’s Mojave desert. The project will be a minimum of 6 MW, $20 million, solar PV facility with engineering to begin on the first 3 MWs in the fourth quarter of 2009, and development of the second stage of the project to begin by the second quarter of 2010. The maximum size of the project will be dependent on capacity of the onsite substation and existing transmission line capacity.
Cavallo Energy (Cavallo), a national, large-scale energy management and finance procurement company with an excellent reputation in its respective field, has partnered with Clear Skies Solar (CSS) providing their expertise in high voltage utility scale power generation, required for this project. The synergy between these two companies is expected to fuel further expansion into the commercial sectors. CSS will be the lead contractor and Cavallo will lead engineering and development of the project.
Phil Gennarelli, CEO of Cavallo Energy says, “It has been a pleasure dealing with Ezra Green and the entire Clear Skies Solar team. They have shown the ability and foresight to bring viable projects to the table and I look forward to expanding solar market possibilities with them. Their past performance, innovative techniques and knowledge of solar construction makes them a perfect partner for us moving forward.” Mr. Gennarelli further stated, “With this announcement, Cavallo Energy is pleased to also announce the addition of Mr. Freddy Sanches as Cavallo’s Chief Development Officer. Mr. Sanches will manage the development of the Cantil Project as well as lead the expansion of Cavallo’s new solar development subsidiary, Cavallo Solare LLC, in the U.S. and international markets.” Mr. Sanches, formerly the Vice President, Business Development, with Sithe Global, brought Clear Skies and Cavallo Energy principles together to form this new partnership.
“We initiated our partnership with Cavallo on this project four months ago, and have now completed the internal feasibility study finding the project to be profitable due to strong market conditions,” stated Ezra Green CEO of Clear Skies Solar. “Strong partnering such as this will allow CSS to keep moving forward on several large-scale projects that were awaiting development and will enable us to resume the business model laid out by CSS prior to the credit market crash. We are looking forward to developing a long relationship with Cavallo Energy for our backlog of large scale projects.”
today's reg D filing was the 12.5M restricted shares being given to Midsouth Capital, Inc. for $300g's
300,000 / 12,500,000 = .024 (the same deal chevra and kehal got back in october)
"...Appropriate restrictive legends were affixed to the Common Stock, Warrant and MidSouth Warrant..."
All this was in the 8-k last week. If they truly are restricted we don't have to worry about those shares yet. Hopefully management will have something concrete for us soon!
I've been working my ass off lately, clear skies better be doing the same!
Since management likes to collect big salaries paid for by dilution you'd think they like to have a more liquid stock. If they had 1/2 brain someone installing panels would snap some shots with his cellphone and upload them. Investors would be interested in the stock if job after job was going up on the website. Peeps would know the company is very active work wise and not wondering if the last "line" from management will pan out .
Date Open High Low Close Volume
04/11/11 0.0300 0.0300 0.0294 0.0297 119,000
04/08/11 0.0290 0.0310 0.0290 0.0290 59,100
04/07/11 0.0299 0.0299 0.0290 0.0290 252,200
04/06/11 0.0300 0.0310 0.0290 0.0300 207,200
04/05/11 0.0295 0.0314 0.0295 0.0300 499,700
04/04/11 0.0350 0.0350 0.0250 0.0289 2,277,200
04/01/11 0.0365 0.0370 0.0350 0.0370 838,600
03/31/11 0.0400 0.0400 0.0356 0.0370 1,089,800
03/30/11 0.0420 0.0425 0.0400 0.0400 3,341,000
03/29/11 0.0401 0.0434 0.0401 0.0430 1,117,500
[...zzzzzz]
just how big how big is a 100kw system?
These 5 agreements total 457.50 kw's of commercial projects brought in under our new-expansion program. These projects represent approximately $2 million which is in addition to what we have announced in the last several weeks," said Ezra Green, CEO of Clear Skies Solar. 2-23-2011
$2M/450kw = $4,444/kw
2-24-2011
"The new office is staffed with 5 Clear Skies employees who are managing more than 20 CSS client reps. Our growing sales force is part of the expansion serving southern New Jersey and surrounding states. The growth we are experiencing is very impressive and has begun to stabilize our cash flow needs. As we execute and complete the $3-4 million in financed contracts developed over the past 4 weeks under our new program, we expect to become self sufficient in the next 30-60 days.
60 days is 4-24-2011
Why did they just do more equity financing on 3/7 and again on 4/6. To get them to 4/24?
How about some PROOF real work is being done. Waiting for the quarterly reports is just to dangerous.
Those MM's were pissed today.
Nobody wanted to buy, and nobody wanted to sell, hence the 5k print at the .029 bid. (kind of like they were pegging us off)
The guidance blunder, for lack of a better word, sure killed the stock's mojo. Now what?
nope, nite led the pps higher throwing AUTO on the bid with 5k prints and moving off .03 and then .0305
sellers control the pps, and want this higher
not with that website.
I'd like to photos and video of on-site construction. If I was a prospective customer I'd like to see the work involved and the friendly faces of the company employees that I'd be doing business with.
There is so much they could do to make themselves more attractive. They have plenty of dilution money now. The question is what are they going to do with it. Wining and dining the financiers, lol. Somebody needs to wine and dine us, the common shareholder. If we stop buying the financiers paper they'll stop financing CSKH, simply because you can't eat if you can't shit.
29k volume, what's that $900, lol.
Solar power shines as clean tech industry grows
Andrew S. Ross
Friday, April 8, 2011
What with gas prices soaring, nuclear energy off the table, at least for the time being, and Republicans looking to dismantle environmental regulations, how is clean tech investment looking these days?
Not bad, according to a survey released this week by Cleantech Group, a San Francisco global consultancy. The dollar amount of venture capital invested worldwide - 85 percent of which went to North American companies - totaled $2.57 billion in the first quarter of 2011, up 52 percent over the previous quarter, and a third more compared with the same period last year.
But the total number of deals - 159 - was one of the lowest, by quarter, since 2009, and most were follow-on investments, as opposed to new ones. "You're seeing a much, much larger average deal size, which just indicates a much stronger bias toward later-stage, bigger-check deals," said Cleantech CEO Sheeraz Haji.
Despite the recent shakeout in the industry, solar remains the most attractive sector. Oakland's BrightSource Energy, which is building one of the world's biggest solar power plants in San Bernardino County, led all comers with $201 million from venture capitalists, including Silicon Valley's VantagePoint Venture Partners and Draper Fisher Jurvetson.
This week, Alstom Group, a French energy and engineering conglomerate, put an additional $75 million into BrightSource, with a view to jointly developing solar power plants in Europe and Africa.
Notable among the few earlier-stage solar investments is a Santa Clara startup, Alta Devices, which snagged $72 million from a long list of investors, including Kleiner Perkins Caufield & Byers, currently the world's biggest clean tech VC investor, and New Enterprise Associates. That has led some observers to suspect the company has something up its sleeve.
Bay Area investments outside the solar sector include $100 million for Sunnyvale fuel cell producer Bloom Energy and $75 million for Pleasanton's Fulcrum BioEnergy, which manufactures ethanol from waste products.
Choice move: Tioga Energy Inc. is more into the financing rather than generation end of the solar business. That's one reason the growing company decided to relocate its Silicon Valley headquarters to San Francisco's Mission Street, just off the Embarcadero.
"As a financial center, San Francisco brings us closer to our financial partners. It also has a greater talent pool of people who understand sophisticated financial models as well as green technology," said sales and marketing VP Marc Roper.
The 4-year-old company, which also has an office in Canada, is bringing about 20 employees to the city, but that number is expected to double in the next 18 months, Roper said. "The move highlights San Francisco's strength as a destination for leading clean tech firms," said San Francisco Mayor Ed Lee.
Backed by $35 million in venture capital from San Francisco's Nth Power, Silicon Valley's NGen and Draper Fisher Jurvetson, the company sets up financing mechanisms, called "power purchase agreements," to build and install solar power sites. It would not disclose sales figures but said it recently completed its 100th project with private companies and institutions nationwide. Bay Area clients include the Lafayette school district and the Humane Society Silicon Valley.
Another reason for the San Francisco move: "The market we serve is driven by policy, and San Francisco's is at the forefront of policy that supports our market," Roper said. "It's the focal point for California, which is driving policy in the rest of the country."
GE to build nation's largest solar power plant
GE antes up in solar power race with nation's largest panel manufacturing facility
Jonathan Fahey, AP Energy Writer,
On Thursday April 7, 2011, 3:18 pm EDT
NEW YORK (AP) -- GE is taking aim at the world's biggest solar company in a bid to expand into a fast-growing renewable energy market.
General Electric Co. announced Thursday that it would spend $600 million to build the nation's biggest solar panel factory. It would build the same type of so-called thin film solar panels manufactured by First Solar Inc., the biggest producer of solar panels in the world.
GE also announced Thursday that testing by a government laboratory showed that its panels set an efficiency record for this type of thin film panel, made from the elements cadmium and tellurium.
"It's demonstrated to be the cost leader in the marketplace and we think we can push costs lower, and faster," said Vic Abate, vice president for GE's renewable energy business.
The company did not say where the factory would be built. Abate said it would eventually employ 400 people and be producing panels by 2013. The plant would have the capacity to build 400 megawatts worth of panels per year, enough to power about 80,000 homes.
By comparison, First Solar will have 2,300 MW of capacity by the end of this year.
Still, analysts say GE's size, manufacturing experience, and ability to invest heavily in technology and to finance projects is sure to eventually pressure First Solar and other solar makers.
"There's no way to not look at this as a severe competitive threat," said Aaron Chew, an analyst at Hapoalim Securities in New York.
Several large Korean companies -- Samsung, Hyundai Heavy Industries, LG Display, and LG Electronics -- have also indicated they plan to invest in solar.
"The big boys are entering the space and it doesn't bode well for the smaller players," Chew said.
First Solar shares dropped $2.35 to $148.25. GE shares slipped 30 cents to $20.24.
GE, based in Fairfield, is the biggest maker of wind turbines in the U.S. and among the biggest in the world, but it has been slow to venture into solar. It first bought a minority stake in PrimeStar Solar, which developed the technology GE now plans to manufacture, in 2007. It recently acquired all of PrimeStar, which is based in Colorado.
Solar power is far more expensive than wind power, and contributes far less power to the nation's grid.
But the growth in wind power was cut in half in 2010. Low electricity prices make wind look comparably more expensive. There's a lack of transmission lines from remote, windy locations. And state and federal policymakers are reluctant to impose or increase renewable energy mandates.
Solar continues to grow quickly, a result of rapidly falling panel prices and state incentives. Also, solar panels produce power during the heat of the day, when power prices are high. Wind typically blows strongest at night, and has to compete with lower wholesale power rates.
Over the next five years, Abate estimates, the world will spend $20 billion to install 75,000 megawatts of solar panels.
Abate, who also runs GE's wind business, expects wind to continue to provide the bulk of the world's renewable power. He said GE had been studying solar, and waiting for the best technology to emerge.
GE has now made its choice: so-called cad-tel thin film panels.
Most solar panels are made from crystalline silicon, similar to the material that is used to make the brains of computers and electronics. These cells are more efficient at turning the sun's rays into electricity, but they are more expensive to manufacture.
The promise of thin film cells is that they can be manufactured so cheaply that even if the cell itself is less efficient than a crystalline silicon cell, a solar power system based on thin films would produce cheaper solar power.
Only First Solar, though, has learned to make thin films efficient enough and cheap enough to win a big segment of the solar market. It is the only top solar panel maker that uses thin film.
GE now buys and re-sells another type of thin film panel, based on different chemistry, from Solar Frontier, a subsidiary of the Japanese energy giant and Royal Dutch Shell affiliate Showa Shell Sekiyu.
Abate said the cells from the new cad-tel plant will produce among the world's cheapest solar power.
"For solar to have a big breakthrough, there has to be a breakthrough in cost and affordability," Abate said. "That's a technical problem and it's something we are excited about."
"...Appropriate restrictive legends were affixed to the Common Stock, Warrant and MidSouth Warrant..."