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Thank you for these responses! great stuff!
interesting point. I would love to have our petition in by then to get on the board or oust Billy as CEO or whatever is needed to get us a voice. Not saying it will happen.... but fun to dream!
Looks like we're going to see some more delays...which may give time for shareholder action.
I'm still curious why the inventors think Diedre is the issue. Sure, from their perspective she is.. they get the same either way as long as Billy prevails over her.
But for us.... we'd be out of luck. Whether we love it or not, on paper, our interests do not align with theirs. They win if Billy does everything he's trying to do, we do not. They simply see their percentages staying the same in the waterfall and trust Billy. If what everyone is saying is correct.... then he'd do what he can to get his hands on what money he can. Difference between us and them is... he can (try to) take ours, but he can't really get at theirs.
That said, I do think the inventors are good people and seem to care about shareholders so this isn't anything against them personally... I'm just saying that our interests don't really align and so any 'help' they give us would be out of the goodness of their heart as opposed to it benefitting them.
We'll see what happens.
I was not clear from the tweet if this was recalling the earlier list of items we were given from back in the January letter. Are you thinking that this 5 page list is new?
I don't believe it's anything new.. but I could be wrong...
It truly is awesome. Don't feel bad sir, I'm not in the same league either.
That said, there are about 10-15 holders here who seem to own 30-40% of the float. They are bullish beyond measure. When we get the slightest bit of broad interest, this could pop in a big way.
It really does seem like a lot of the volume is MMs trading back and forth.. While the current market price is 5 cents, I know that the majority of shares held right now (mine included, some of which are long-term, for the record) wouldn't be sold for anything close to that low of an amount.
Hoping for good times ahead!
Tesla doesn't do marketing either.
Does anyone have stats on how many 'intents to approve' end up getting final approval?
I get the sense that we're good as far as DEM goes... and I also get the sense that they don't want egg on their face if they got the definition of 'renewable' wrong or something.
I think we're probably good as far as DEM goes... We'll just see if the courts hold this up.
The other side doesn't have to win, they just want to delay. we'll see if they can.
THanks for sharing this..Another one of your posts that's some good DD for Reddit and the 930 members over there.
perhaps you should offer some consulting services to Nick... or at least try for a board seat at some point. I know you'd have the votes of many folks here!
I think this has been a good shift, as some of the prior projections were off (understandably because of COVID)
I do like the idea of giving some extra time, and I think a benefit of having a later date is that opposition gets a lot less energized if it's a date down the road, whereas if they're talking about getting it fired up in April... I think people might get a little more worked up.
I agree that there's nothing inside about it. When final permitting is done.. we'll all know.
Fair points, but I think where we differ is... I see a lot of value in this even if our profit is $0 the first year ( not saying it would be).
Maybe this is our flagship 'proof of concept' and then we make the actual big bucks with our fleet of trucks.
Where we differ is that I am assuming that this pursuit is not taking away from the Ul/Solar/Durango activities, where I believe that you are assuming that it is. I'm not sure who is right, but I'd give Nick the the benefit of the doubt.
Additionally, I believe that it's in municipalities' best interest to entice us to come.. whether with tax free bonds, grants, incentives, etc... so I am certainly excited about this going through. The sooner we get it up and running, the sooner people are begging us to put one by them.
In the short run, though, I do agree that if these panels are all that they are advertised to be... that will be the big moneymaker for this company.
We shall see! GLTA
Expectations were very high, people got very excited, and there was very little 'free' float, meaning most had their shares locked up tight.
That was the catalyst for a big run up when positive news came.
We have settled back down a bit, and I think it's because of the elephants in the room (MedRecycler… opposition, UL Certification 'delays')
The good news we've seen, while very good in my opinion ( I LOVE the trucks, and I LOVE that we're working with Chase) has been great, but not great compared to what some were hoping for and paying for. I think people thought UL certification was imminent and it wasn't. The ads and bus shelters are great, but they're not enough to justify a $300M+ valuation which is where we were on the run up.
For those who believe MedREcycler will be approved, the prices now would seem to be 'unfairly' discounted against that happening, and it may recover to previous levels in a few months if the approval does go through. That and UL are what I'm holding for. very tough to watch the price in the red every day... but behind the headlines, there is fact and science. Those are both on our side, and my belief and hope is that the Share price will reflect that at some point.
GLTA!
yes indeed. We really must be close to a bottom unless some negative news hits.
I have no problem with people selling, I don't have any friends selling, and I have no negative names for people selling...
I say that to say that there's no emotion in this statement... but I 'think' that there aren't going to be a lot of sellers at the current price. Anyone who wanted to sell would have done so by now, and many who sold higher are looking to get back in for less.
It's in my interest for price to stay low for another week or so. Part of me hopes it does, but part of me hopes to see some green at some point. LOL we'll see, and I'll try to be happy either way!
That's actually the amount... $2061. I know because I have to keep using the amount to check the status. :)
Not a huge amount in the grand scheme of things, but would love to get it invested before news hits.
GLTA!
That's a good one! Probably is applicable here.
Silver lining is my $2061 tax refund should be here within 10 days.. Pays straight to my brokerage account.
GLTA!
So... While the scale and scope of the chase thing is in question... I don't believe it was anything to do with short-term bridge funding for other projects.
The announcement was that they inked a deal for their solar advertising division... If they got a loan to fund other stuff, that would make the tweet fake news IMO.. Ergo, I don't believe that's what the tweet means, or I'm at least willing to keep my chips on the idea that that's not what it means.
We are just at an odd spot here. Lots going on but nothing right now. I know there's been talk about short term and long term capital gains... At this point I have some of both short term and long-term holdings, and I'm not selling either one.
I'll take my chances with whatever the future holds.. Held on this long, certainly not selling at these prices.
GLTA!
Did I really say that?
You're saying I posted that at.0021?
I wouldn't be shocked... I've been wrong before.. many times!
No buys from me today... no sells either of course. Just waiting for funds from my tax return at this point, but that's probably another week or two.
I must say, I'm impressed with your positivity through this all, and it is encouraging to see. I 'know' that Nick is doing the right stuff and we'll see positive results when we see them... but it is tough to see the price tanking in the meantime. Wish we had never flown to .349 to be honest.. I would be thrilled with these gains. Now, though, I'm thinking of what I 'lost' by not selling.. That's not good investment strategy or mindset I know, but just saying how it is.
I really believe things will eventually turn around here, and multiple things could make .349 even look like 'pennies'... it's just tough to see red in the meantime.
Would probably be best to shut it all off for a few weeks and just not look, but I know I won't. In the meantime, thanks for your posts!
I'm on a 15 minute delay. I thought we had significant support around 5 cents just based on some posts I'd seen here. Guess that drop came sooner than I thought.
Man... if we're in the 4's, we're due for a bounce soon. I'd think anyone who wanted to sell would have done so by now.
Guess we're not going to hear more about the Chase deal. Oh well.
Great post, thanks for this. Wasn't selling either way... but it's good to keep the potential in mind and I hadn't considered this aspect.
Man, it is frustrating to see these daily drops, though. I think we need something solid by end of next week or we're going below 5 cents.
Good luck everyone.
Thanks for posting.. Just gave it a watch. Well done IMO.
Future is bright!
Let's be accurate. Unless I'm mistaken, she did not "give us $17m of funding"
nor did she "give us money" unless I completely missed that.
If this is the good company that many of us believe, I don't think we need to embellish. I believe good things will come.. I think for some of us, it may be best to tune out a bit in the meantime.
GLTA!
What did the CEO say on January 11th? When I talked to IR in mid-December, they said that October and November had been "very good".
Now, they did get rid of the IR person so maybe they weren't completely on the same page... but it's still problematic to have those two differing statements less than a month apart.
I agree that folks are here for 2021 and not 2020... but we seemed very sure about 2020 results, and knew about Covid when those projections were made... so it does give me a little pause about 2021 if we do end up being that far off on 2020.
I mean.. we have debt and Covid this year too. Hoping to see good 4q numbers!
It's possible that these 8 million shares were pledged before that statement.. Either a part of Nick's compensation, a payment to chase, to the IR people who are helping us out, or something else.
I will say this... I was slightly concerned with the statements about R/S and dilution when they were made. That's an odd blanket statement to make. I'd prefer to see those with a timeframe or something.
For those who are focused on technicalities like myself, I can see where it is off-putting to see share count increase, even slightly.. if they have said it won't.
I believe in our direction and I think we have great things ahead, but I do think we need to move from a penny stock mindset to a 'multi-million dollar company' mindset with how we tweet and get the info out there. Don't get me wrong, I love hearing from the company... just prefer stuff that creates more answers than questions.
As always, very excited about the future here, and hope that soon the results will speak for themselves. The nature of this business is that sometimes it takes a lot of time. Nick has done an amazing job with this company so far and the future is green, bright, and lightweight. Can't wait to see what's next!
I have no concerns about the share count going up 8 million.
Maybe it was compensation to Nick.
Maybe it was payment to our IR team.
Maybe it was a part of some financing deal.
Maybe it was interest payment to one of our lenders to extend a loan, or maybe it was sold to pay interest on our bridge loan.
There will not be a reverse split, and, to my knowledge, AS won't increase beyond a billion.
If any one of our big projects or UL and the new panels come to fruition, then we aren't going to worry in the least about 8 million shares.
GLTA!
Any insight you have on the potential UL delay, Mike?
Also.. if they say Med should be operational by 'end of 2021'... do you think they are incorporating some specific delays due to litigation in there, or should we not read into it and assume that everything is still on schedule?
As always, thanks for your insight!
That's fine.. but then I think it was a mistake to Tweet it with the clear implication that it was a bigger deal than that.
I think it's great news... A deal with Chase! That is awesome... but let's be understated about it.. or actually say what it is so that people don't get over-excited. Yes this announcement stopped the drop from the Med hearing, but it was short-lived as people apparently came to the conclusion you did.
Normally I think it would be fine... but everything here is delayed so much ( Med now 'end of 21' rather than July 15.... UL testing just about to begin I guess? etc. )
All great things happening here, but I just think they company should be sensitive to the fact that people have seen a lot of delays and missed expectations, and so I believe they should Tweet with that dynamic in mind.
Great company on a great path... it's just a long journey.
GLTA
I mean.. it's all good, but
"is taking steps towards the testing and preparation for UL certification"
is underwhelming, at least as far as the timeline is concerned. I was hoping this was imminent, where this makes it sound like it's a little further out than I had imagined. Months even?
Strange not to see a mention of the Chase deal in here, it's the elephant in the room for sure. We really need an 8k today on that.
I like the stock at these prices, and I think positive progress is being made on many fronts. The update is a reminder of the many positive things that are going on....
Holding of course. GLTA!
That would be a great dividend. I think they'll wait a few months before anything like that, but what do I know? :) :)
link not working for me anymore, buy last time I checked... majority was in favor.
I truly have no horse in this race other than wanting shares to be in strong hands, but if I had funds I was planning on investing now, I'd strongly consider getting in before the 8k comes Monday.
We know ( per rules someone posted last night) that they must issue an 8k with detail on the deal with Chase by then.
Right now we are essentially trading where we were before that news hit. There was some initial excitement and a pop, then we settled back down.
So basically.. one buying now is getting whatever they would have before... plus this Chase thing for 'free' ( in the sense that it hasn't added anything to the price)
I have seen speculation across the board, and while I acknowledge that it can be anything, big or small.... I just don't buy it that Nick is messing around. Nick owns shares just like we do, and has never struck me as a pumper. The tone on Twitter has always been that they're not about short-term fluctuation but long-term results, and so I just don't think they would have dropped some fake news on us.
So.... If I'm sitting on free funds, I might consider getting them in sooner rather than later before this 8k hits because I see more upside than downside potential from whatever details they divulge.
Either way, good luck!
Thank you!
I doubt this one would fall in the 'may' category... it seems very significant, so I think we'll see something before the deadline.
I know the stimulus money is clearing from brokerage deposits in a day or two... This is already tightly held so if we have some good news generate some buying interest, good things could happen :).
Thank you again for finding that, I look forward to the 8k!
Can someone explain the 8k rule? I've heard we're supposed to have one within 2 days of the twitter item. Is that correct? Are we 'late' on that, or do they have tomorrow to get it in. Thanks for any info on this.
My first company that does most of its updates via Twitter///
I really cracked up at this question. Well phrased sir.
That, sir, is an awesome story. Thank you for sharing.
Absolutely nothing is worthy of a PR by them, nor did I say it was. I simply pointed out that we have released more information than they have on the topic.
I think that is a fine and conservative assumption you are making.. I have no problem with that.
If there's more to it than signs at a branch, they'll let us know when they can.
In the meantime, I am holding my shares either way, so where I'm usually pretty conservative in assumptions as well... I don't have a problem getting excited about this because it's not going to cause me to trade either way.
This is something new that none of us had anticipated. Even if it is one sign at one branch... we are no worse off than the day before they let us know they were working with Chase.
GLTA!
It's a fair point and I don't necessarily disagree with any of that.... Furthermore, I agree that until we have the details, we don't know how good it is.
What I don't agree with ( not that you're saying it) is that they're don't something wrong by not telling us more than they have at this time.
It's a risk, as investing is. My chips are in the middle and I am betting that Nick is legit, that Chase news is legit, UL is coming, Durango is coming, etc. I do not begrudge anyone who doesn't love the uncertainty or thinks it's too much of a risk, that's why I get my shares for cheap in the first place!
What I do take issue with, though is the idea that they have information that they could disclose but aren't disclosing. Any penny stock, whether a pure pump or a legit business... is going to put good news out there when they can. SNPW has specifically said that there's a lot of good stuff they're looking forward to informing us about when they can. Any suggestion that they're not informing us of what they can is predicated on the idea that they're completely lying to us. That's fine to have as an opinion, but then it doesn't make sense to be here investing in the company. There was some guy on Reddit saying that he invested in the company but that Nick is ssuper-shady. To put it nicely, that mess needs to go through pyrolysis, because it's pure waste. If you have those kind of problems with the company, then don't invest, and then there's no problem!
That is a good release but I don't see it having anything at all to do with the issue at hand. Chase's thing from December says nothing about whether the most recent developments are Kosher for public release yet.
Chase did not announce this particular deal with SNPW to their shareholders. SNPW clearly wants to get info out to us and has indicated as much many times.
Well, I agree that it's reasonable for us to want to see something, but I don't know that we can absolutely state that they "should" have told us more by now.
To my knowledge, Chase hasn't said word 1 to their shareholders... Not that they need to, they're huge... but it's not like Chase has disclosed all the details and we haven't said anything. It's the other way around. We've said something, they have not.
Hypothetical scenario: We signed the deal and agreed not to do any PRs until the say something about it a shareholder annual meeting in a few weeks. Who knows? Any number of reasons why we might not have all the details this second.
Is there some risk in not knowing? yes. Could the deal be smaller than I'd imagine/hope? Sure. That's why I'm like you and would like to know. That said, I believe that it is good, and believe that there are legit reasons why they haven't disclosed everything. I'm holding my shares and believe it will be worth the wait to do so. We'll see!!!
I don't disagree with the fundamental concern here, and have said as much in many posts. ( In short, I'm very bullish, but PRs should be understated and we should not give anticipated times if we can't meet them)
I think the response to the tweet was more about a PR company, and SNPW was just showing that they have someone who does it.
I don't mind that we don't have detail on the Chase thing... and I assume there are reasons for that. They're not withholding info on purpose... I'm sure they're telling us what they can when they can.
I'm right there that I want more info, but this one requires some patience ( anything that deals with regulations/states/hearings is going to be that way)… which I think will be rewarded.
GLTA!
Would like to hear your insights on local politics...
What do you think approval/rejection chances are?
Thanks for your perspective!
Thank you sir. Really appreciate your insights, as always!
Thank you for posting! Look at what they are after:
Reducing energy consumption by implementing energy-efficient lighting and other technologies.
Deploying onsite renewable energy at retail branches and commercial buildings globally.
Executing power purchase agreements (PPAs) to support the development of new renewable energy projects on grids from which the company purchases energy.
Purchasing renewable energy certificates (RECs) to cover their remaining electricity supply.
Think we can help with any of this???
Awesome!