CSKH - waiting for the sun to shine
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what stinks is its already 2am in Berlin
a 6am PR in the US is 10hrs from now, well after their open
http://www.ariva.de/quote/simple.m?secu=100618553
lol, good one.
PD, I think you covered all the bases, lol.
If we get no PR this should gap down hard and ruin our beautiful chart. What will be interesting to see is bidders gorging on scared shares, and the volume bidders will take. I seriously doubt this would break two pennies.
If Ezra has any compassion he'll say something, anything, to stem the carnage before the open.
I'm not taking a massive loss selling into any gap down, I can you tell you that. Any selling I do will been in the teens and into strength. I just can't fathom this Company is all talk. Time will tell.
nice! thanks man, you have a keen eye.
btw I don't hunt ducks, just stocks.
Maybe I should put tickers on those ducks!
That's why DD is should stand for dirt digging.
Always look for the dirt first. Its the only antidote for mind altering, company dispensed, kool-aid.
More investors should post their negative thoughts so we can collectively weight the effects on risk. It shouldn't be investor verses investor but rather investors verses insiders, that's where the real battle lies. We are just pawns to management. Their incentive is to sugar coat and omit so we continue to eat the companies dilution. They will never say anything bad (except in 10q boilerplate) Even if financing dilution ends at some point we are still needed to eat option dilution. This fact must always be kept in mind when listening to any management.
hopefully we'll get the 10k and a conference call next week. - But only after an PR 'splaining the lack of booked Q4 revenues.
What is their incentive to scam us?
There is no longer any toxic seller endlessly pushing shares down our throats.
It is possible what was in their pipeline last October fell though and they didn't feel the need to tell us. But I'm leaning toward the work spilled over in 2011 at least the revenue part of it.
It was stupid of them to give us such lofty expectations and miss them by a mile if they are looking to regain our confidence. There must be a logical explanation.
The above excerpt was from the PR was on the 19th, 5days after the reiterated 10/12 guidance. Notice though how they say they expect the work in progress and pipeline to "spillover" to the next Q. This PR was released early in Q4 and we all know how snowy it was in the Northeast this winter. I'm not trying to help them poo-poo their "reiterated guidance", they definitely blew it with their over zealous prediction."...We have completed 5 projects to date in 2010 totaling over 1.5
megawatts and expect our work in progress and pipeline to spill
over to a very healthy first quarter in 2011. With the completion
of the most recent installations, CSS expects to surpass the 4-5
megawatt threshold for solar energy installed this year..."
expect to see high interest payments associated with paying off the toxic alpha anstalt notes.
($2,629,188) was the interest expense for Q3 2010(ii) in 2010, the net loss attributable to the registrant was approximately
$9.4 million, compared to approximately $7.7 million in 2009
2010 or 2009?
source 2009 10k"...We had no revenue in 2009 from commercial or industrial
systems due primarily, we believe, to the absence of available
financing for projects of this type due to the financial crisis
that impacted our business, as well as business on a global scale,
starting in the second half of 2008. In 2009 we performed
consulting work for Toshiba Corporation and were paid $150,000 (in
January 2010) for these services. In 2008 we reported revenue of
$2,476,004 from three commercial projects that we completed that
year...."
we recognize revenue under the percentage of completion method, it could be several months"...We had no revenue in the first quarter of 2009, except for
the sale of approximately $11,000 of excess solar panel
inventory, no revenue in the second quarter of 2009 and
approximately $33,000 of revenue in the third quarter of 2009
from a residential installation. In the fourth quarter of 2009 we
earned $150,000 of revenue under a consulting contract with
Toshiba Corporation. In February, 2010, we announced that we had
obtained two contracts with a combined total value of $2,100,000
for the installation of PV systems in New Jersey. It is not
certain when we will begin generating revenues in addition to
these contracts from commercial or industrial installations. We
are negotiating with several parties for the financing and
construction of a number of solar energy projects, however there
can be no assurance that we will be successful in these
negotiations or that such projects would be profitable. Even if
we are successful in negotiating finance and construction
agreements, since we recognize revenue under the percentage of
completion method, it could be several months after signing
before we begin performance and are able to report revenue on our
financial statements..."
This work will most likely not be "banked" until Q2
Thank god there was no guidance for Q1 to disappoint, lol."...CSS, with its expanded sales & marketing department,
has signed seven contracts over the past few days totaling
approximately 500kws valued at more than $2 million. These 7
commercial grade projects range in size and will be installed
throughout New Jersey..." 03/08/2011
they may have done the work in Q4 but the paycheck didn't arrive until Q1.
this is the only explanation that makes sense. Hopefully we'll get clarification soon.
me neither
How can this be BS
"...CSS, with its expanded sales & marketing department, has signed seven contracts over the past few days totaling approximately 500kws valued at more than $2 million. These 7 commercial grade projects range in size and will be installed throughout New Jersey..." 03/08/2011
"...These agreements total 200 kw's of commercial projects brought in under our new-expansion program. These projects represent approximately $800,000 which brings us past the $4 million mark in project funding for Jan-Feb 2011..." 03/01/2011
"...Continuing, "As I discussed in our last release, we are adding new projects each week that are in various stages of process. We have many Megawatts of systems in various stages of development and we will discuss them with our shareholders as they develop and follow through to completion...." 03/01/2011
on 3/8 The CEO stated...
"We look forward to regaining the confidence of our shareholders & investment community," said Ezra Green, CEO of Clear Skies.
How could he state this with a straight face knowing the 10K would fail to back up his prior guidance? Maybe he just forgot the guidance he issued FIVE months ago. We lived on it, he was so involved he just let it go?. After all, the 10k will still look great on a year over year basis and he'll tout that no doubt, and move on, with us or without us.
Had that NT 10-K stated $15.5M This would have exploded Monday. The chart was ready for blockbuster news with an imminent "golden cross" and a "cup and handle" formation. The ball is in his court. If he wants to hit one out of the park, Monday morning, prior to the open, is his window of opportunity!
Management loaded themselves with written down options. Lets hope that will help motivate them to get with the program!
see why shocking news always needs to be released after hours, preferably on a weekend, allowing time for cooling heads to prevail.
Q1 is also a done deal and Management knows the numbers! We'll get them in 45days, on 5/15/11 (a Sunday) so we'll get them on a Monday, hopefully before the open!
Good news is always released before the open, bad news after the close.
Most of us here are seasoned on being beaten up pps wise by this company. Another return trip to the .02's will hurt if it happens but it won't be the end of the world either. (not yet anyway) Personally I dreaded waiting 3 months for the 10k, so waiting a month and half for Q1 should be a lot easier and the numbers a lot better if those recent 10 pr's carry any truth to them, lol,
we've had a few investors that we're reading this board and never posted (a lurker by definition) that finally came forward. (proving their existence)
Now no one in their right mind would be bidding 2.3M shares at .04 just hoping for a bite. He/she must know more than something. They must know 1) those shares we're coming to market and 2) the reason behind the missed guidance (and is not a bomb).
So he's in the know, and we're panicked that we've been had. If he's reading here he's having a good chuckle. He may even plan on buying out scared shares near .02 if we drive the pps that low.
yeah, but see, the company is not the seller (in the market).
It's (“May Subscription Agreement” with Alpha Capital Anstalt, Barry Honig and Michael Brauser) that are the sellers.
But as far as we're concerned its a pump and dump.
Now if Honig and company paid a 3rd party to do and e-mail campaign etc. They'd skirt the law too.
The SEC only bust's the most outrageous and flagrant penny stock scams. They can't even police the big boys let alone these little fish we swim with.
---------
John Conte certainly has a lot of contacts in his black book and is earning his keep...
up-down Member Profile up-down Member Level Share Sunday, February 06, 2011 9:50:01 PM
Re: Calcsmart post# 2824 Post # of 4047
UR Solar Power is not an installer - we develop and manage solar programs and subcontract with the best, local solar installers and integrators.
http://www.ursolarpower.com/Services.html
Regional Sales Manager NE: John Conte 856-912-9601
john.conte@ursolarpower.com
The UR in ursolarpower stands for Utility Resources
http://www.linkedin.com/pub/john-conte/4/812/25
penny stocks = high risk, high reward (or failure)
and your so right
"...We still hung onto them when information dried up..."
At times we waited 2 months for a PR. It appears management will only pump when the sellers are on board for a rise in pps. Otherwise Mum is the word.
"I can't say anything, my hands are tied" BS
02/02/2011 6:00AM CSS Updates Investors on High Volume Commercial and Residential Marketing Strategy
12/01/2010 6:00AM Clear Skies Solar Expands Business Model
11/03/2010 10:24AM Clear Skies Builds Infrastructure
10/19/2010 6:00AM Clear Skies Builds Job Pipeline
10/14/2010 6:02AM Current report filing
10/12/2010 6:00AM Clear Skies Solar Reiterates 2010 Revenue Guidance
ASLO, with the toxic notes gone so will be the drag of the interest expense that kills the bottom line (on paper)
for Q3 Interest expense ($2,629,188)
That's almost $3M dollars. And you know management wants to pay in stock (with our money) and not cash generated from real business. (another reason to push off collecting cash into Q1)
now those are the kind of PR's I-hubhers empty their pockets for, lol.
Also, a lot of that red ink is the interest expense to our toxic friends Honig and company (“May Subscription Agreement” with Alpha Capital Anstalt, Barry Honig and Michael Brauser).
The company didn't really have that cash and blow it. They just counterfeited shares out of thin air to pay it. ie we paid it, not the company.
I think "Chevra and Kehal" sold the 2.3M at .04 on the 30th
A profit from their .0271 average btw. Say that 443k after market print was theirs too. Lets just say they managed unloaded 3M of their 14M they bought back in mid october.
That's a $120g's - The same amount they just gave the company on 3/7 (filed 3/15)
So instead of putting in another $120g's of their money, they used ours, lol.
Now who bought those shares. Some lurker reading here laughing at us panicking, lol.
they reiterated guidance on 10/12
then they took 380 grand from the church two days later, and then followed with this...
10/19/2010 6:00AM Clear Skies Builds Job Pipeline
Clear Skies Solar, Inc., today announced that it has undertaken several significant renewable energy installations in New Jersey, along with additional projects in California that are in finance mode. CSS anticipates that these, along with other projects in various stages of closure, will propel the Company past the 4-5 megawatt threshold for 2010 and spill over into 1st Q 2011.
This follows closely after the successful completion of several other solar energy projects previously discussed. We have completed 5 projects to date in 2010 totaling over 1.5 megawatts and expect our work in progress and pipeline to spill over to a very healthy first quarter in 2011. With the completion of the most recent installations, CSS expects to surpass the 4-5 megawatt threshold for solar energy installed this year. While waiting for several additional projects currently finalizing financing, we are completing the design and development work on several that already have the finance package in place.
"All of us at Clear Skies are pleased with the way our business model is developing this year," said Ezra Green, CEO of Clear Skies Solar. "Our business pipeline for 2010 has been very strong and we are projecting even better business in the coming year. There are many positive industry factors contributing to this growing pipeline, including strong government incentives, attractive component pricing and the increased availability of financing for such projects."
Continuing, Green said: "We currently have multiple MW of proposals outstanding and we are effectively reducing the processing as well as the installation times. We remain very well positioned in the solar industry and look forward to continued successes." Green added, "We are moving forward with our plans for expansion and for delivering to our shareholders fully financed projects and strong revenue growth."
---------------
and before all this happened the pps rose because the toxic sellers backed off. Once obvious sell pressure abated, management stepped into the breach with the guidance pump
up-down Member Profile up-down Member Level Share Sunday, October 17, 2010 4:07:31 PM
Re: fidz post# 1813 Post # of 4038
We're in the right sector at the right time imo
October 17, 2010
NEW YORK — The U.S. solar energy industry is having its best year ever.
U.S. solar sales are on track to reach about one gigwatt this year, equivalent to one nuclear reactor. While solar panel makers and project developers are optimistic that the country could become the world leader by the middle of the next decade, the U.S. industry remains far behind some of its counterparts, especially that of Germany.
http://www.nytimes.com/2010/10/18/business/energy-environment/18green.html?src=busln
---------------
but instead of our pps moving north on the company telling us how GREAT business is, It returned to its downward trend from renewed overhang selling.
Seems to me we are experiencing the exact same thing again.
1) pps comes off the bottom as sellers release their choke hold
2) Management comes out with glowing PR after glowing pr to "reset the pps"
3) although selling continues through the rise, sellers allowed the rise
4) once buying dried up at .05, and with the PR machine shut down The sellers began to pressure the ask lower.
03/17/2011 6:00AM Clear Skies Continues Growth
03/16/2011 6:00AM Clear Skies Enters Southern California Market
03/08/2011 6:00AM Clear Skies Signs Several Contracts
03/01/2011 4:24PM Clear Skies Passes Milestone
02/24/2011 4:20PM Clear Skies Opens Office in New Jersey
02/23/2011 6:00AM Clear Skies Funding Fuels Growth
02/17/2011 6:00AM Clear Skies Solar Establishes Financial Subsidiary in Response to Rapidly Expanding Market for Small, High Volume Projects
02/16/2011 3:12PM Clear Skies Solar, Inc. CEO, Ezra Green to be Interviewed on CEO Central Radio
02/16/2011 6:00AM Clear Skies Solar Successfully Gains Traction in Sub-300kw Market Sector, Announces Approved Financing for 250kw System in Penns
02/02/2011 6:00AM CSS Updates Investors on High Volume Commercial and Residential Marketing Strategy
12/01/2010 6:00AM Clear Skies Solar Expands Business Model
----------------
So thats the pump and dump MO. However if the pump is true, the sellers will be taken out, if its smoke and mirrors we'll take the hit.
looking at this from the 10/19 PR...
"...We have completed 5 projects to date in 2010 totaling over 1.5 megawatts (that's the booked $5M from the 1st 3 Q's) and expect our work in progress and pipeline to spill over to a very healthy first quarter in 2011. With the completion of the most recent installations, CSS expects to surpass the 4-5 megawatt threshold (4.5-1.5 leaves 3.0, double the 1.5 that brought in 5M, so we're expecting $10M in Q4) for solar energy installed this year..."
Is Mr. Green going to tell us 1) we didn't collect the money until 2011 or 2) we lost all the jobs totaling 3 megawatts
It has to be one or the other. If its 2) the pps will tank to .02, If its 1) and its presented in a verifiable way, we're good to go!
my thoughts on your questions...
Up-Down, did they have to state those numbers in that filing? Why not just file it and stall some more?
I think they purposely released the bad news after the close giving us the weekend to get use to it.
April 15th is a Friday as well, so expect the 10k after the close again so we can't sell first and think later.
And if they were trying to cover the bad numbers by pumping the residential business, why no new press releases since Mar 16?
The "selling" changed from one leading the pps higher, too pressuring the pps lower. Management did
not want to partake in pumping that kind of dump is my feeling. (Only management knows who they doled out
shares to and weather they will be dumped or held)
If "Chevra and Kehal" were more in the "know" than us, they would have no incentive to invest this new money unless it was just going to be a quick flip, or CSS owed them money and they would never get it after the pps tanked in April. What are your thoughts on this?
I'm thinking "Chevra and Kehal" knows the guidance was boastful thinking but also knows their 14M shares
(avg .0271) we're going to be a at loss if they didn't believe management's new line that all will be well,
they'll "really" make it in Q1
We don't know the share deal only the dollar value, $120k. The Reg D was signed on 3/7 the next day we
had news and the stock popped. If they bought market priced shares they most likely got them around
.032ish which translates into ~4M shares -or- management really had to sweeten the pot and gave them say
6M shares at .02
Here is the snake oil at the end of the 3/8 PR
"The strong growth we are experiencing at CSS is indicative of the hard work we put into the aggressive restructuring of the sales and marketing department over the past few months. As a result of these efforts, we have been able to deliver a continuous flow of good news to our shareholders. We look forward to regaining the confidence of our shareholders & investment community," said Ezra Green, CEO of Clear Skies.
To date the company website is stale to say the least. The last job posted is basically a whole year old.
If only there was some corroboration of... "The strong growth we are experiencing at CSS" - no job photos on the website, google searches turn up only PR's, 10Q's and 10K's are so "after the fact"
We're all knee deep in the the company rhetoric "...Clear Skies Solar Reiterates 2010 Revenue Guidance..." and now we're being thrown the 10k anchor.
I'm still steaming...
That leads be to believe all is not lost here.
Why would "Chevra and Kehal" invest another $120k on top of the $380k they already invested - as recently as just few week ago. They must have been given the numbers. Accredited investors doing private placements get more info than we do.
nothing wrong with speculating
and venting in this case
That's why these boards exist - to share ideas, DD, sentiments etc.
CSKH in #19 on the breakout boards
But we have no good news to attract investors
http://investorshub.advfn.com/boards/hotboardsrelative.aspx
I wonder what "Chevra and Kehal" feel about the next to nil in revenues for Q4
Is it them selling now that REG D's we're filed basically registering their shares...
On October 12, 2010, the Company entered into stock purchase agreements with Chevra Toras Chesed (“Chevra”) and Congregation Kehal Yerayim Ateres Zvi (“Kehal”), pursuant to which, on October 13, 2010, the Company sold an aggregate of 10,000,000 shares of common stock (of which 5,000,000 shares were sold to each buyer) for a purchase price of $0.025 per share (for an aggregate purchase price of $250,000).
On October 13, 2010, the Company entered into stock purchase agreements with Chevra and Kehal, pursuant to which the Company sold an aggregate of 4,000,000 shares of common stock (of which 2,000,000 shares were sold to each buyer) for a purchase price of $0.0325 per share (for an aggregate purchase price of $130,000).
also the company filed two Reg D's on 3/15 saying
1) 2 investors each bought $60k worth of stock from the company (this must be "Chevra and Kehal" buying more, no details on pps or number of shares)
and
2) $380k, note 1) On 10/12/10, the Issuer sold 10,000,000 shares of Common Stock at an aggregate purchase price of $250,000; and 2) On 10/13/10, the Issuer sold an additional 4,000,000 shares of Common Stock at an aggregate purchase price of $130,000.
The sellers didn't bidwhack to bring in volume. If they knew the numbers were to be awful why didn't they? .03 is not far from .035
Had they bidwhacked to .03 they could have sold millions more imo.
The dollar volume was only around $30k, Hell I alone have more than that invested here.Volume: 838,610
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Maybe he's going to tell us he needs to book the $10M in Q1 to pull a GE
http://custom.yahoo.com/taxes/article-112468-a664918f-23b7-33c4-a769-e3191efe8f39-ge-pay-no-taxes-wsj
wow, I'd take that, LOL
Hard to imagine they would typo that figure. The sell pressure leading up to the expected 10k due date speaks volumes. With 4Q revenues being basicly ZERO, management (any anyone around them) KNEW this guidance was BS as far back as when the last 10Q was released, November 16, some 4 1/2 months ago.
f09 is right, they should have restated their guidance long ago. Criminal that they didn't imo
I wonder if this is bull cocky as well...
March 08 2011
Clear Skies Solar, Inc. (Clear Skies Solar) has signed several new contracts for PV power systems. The company has signed seven contracts over the past few days totaling around 500kW valued at more than $2m. These seven commercial grade projects range in size and will be installed throughout New Jersey under the CSS-PPA program.
Ezra Green, CEO of Clear Skies Solar, said, "The strong growth we are experiencing at CSS is indicative of the hard work we put into the aggressive restructuring of the sales and marketing department over the past few months. As a result of these efforts, we have been able to deliver a continuous flow of good news to our shareholders. We look forward to regaining the confidence of our shareholders & investment community.
"I am also pleased to say, that in keeping with the milestone growth we discussed last week, we have already met the March quota."
I think the CEO will come out touting how good 2010 was...
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
Yes X.
No
If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
The registrant anticipates that its results of operations will be reported on its Annual Report on form 10-K for the year ended December 31, 2010 as follows: (i) in 2010, total revenues was approximately $5.5 million, compared to approximately $0.2 million in 2009; (ii) in 2010, the net loss attributable to the registrant was approximately $9.4 million, compared to approximately $7.7 million in 2009; and (iii) in 2010, the loss per share, basic and diluted, was approximately $0.08, compared to approximately $0.17 in 2009.
Clear Skies Solar, Inc.
Date April 1, 2011
By:
/s/ Arthur L. Goldberg
Arthur L. Goldberg
Chief Financial Officer
We're powerless. I'm not looking forward to Monday.
well no one can sell now. Part of managements plan to release the bad news after the close on a weekend.
If we all rush for the exit Monday this will hit .01 easy.
To think I held three times on each run to .05 (where I become whole) thinking this company was the real deal coupled with toxic dilution being history, that profit land lie ahead.
If in fact they did no work in Q4 they will have to sell more stock (they may already have) - salaries need to be paid.
There should be a special jail for penny stock CEO's
A tell tale sign was no new jobs posted on the company website. They basically play cards in office hoping the phone will ring with a possible job. LOOSERS
A we pay their salaries by buying their dilution. That will be the secondary bomb when the 10k is finally released. The TA is gagged for a reason, to hide the ongoing dilution from us.
"...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, for the first three years, and then an agreed upon salary (of not less than the amount specified above) for each future year of employment...."