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Yeah I agree!
Seems like the amount of risk that's priced in here isn't matching the reality and the potential for reward...
Many of the shares are held by people on this board.., and it will be interesting to see how quickly things jump. I get the sense that most aren't going to want to sell below a penny once this thing gets going.
Good morning! Thank you for the synopsis on that. So funny that it was important for them to be 'right' since some of the other sections contained now incorrect information ( "we'll open in late summer or fall") and nothing was changed there.
I'm actually going to have to disagree on the idea that those filings aren't generally worth the read. I have read a few word for word this year and found a couple of toxic funding situations (on otherwise good companies) that no one on the boards was talking about... which caused me to back off a little bit, and I ended up saving some money.
Since it came up though, SNPW is in a good position on that front. All toxic funding has been fully resolved and so current buyers get the benefit of a discount on that. We know toxic funding won't be an issue going forward because of the bond you mention.
is that why they did it? What was the typo?
I agree that dotting 'i's and crossing 't's is a positive sign... that you don't really see anywhere else.
Thanks for any info.. I tried to read through it all but just couldn't :)
Can a public hearing not be done via zoom?
Can people not just wear masks?
Are we really just waiting on a public hearing for this thing to get fired up? If so, it would be nice to get that confirmed.
For those of you saying that something might happen around the holidays... what leads you to that conclusion?
Understood. Thanks :)
Nothing to lose.
I'm happy to send you some money for your services. Please send your personal information and I'll pay up!
Worth a shot! I work for a company in the industry, so maybe it will get noticed.
Well maybe I'll email Judge Andrews. Thank you for the idea!
no different from posting on a message board.
What do we have to lose by writing a letter to the judge? Glad you are able to lol but this is not a joke to some of us.
We are definitely going to try to claw back funds if it gets to that point.
Ideally we could do something beforehand too. Letter to Judge Andrews, letter to the 13... I don't know.
But whatever it does or doesn't do, I don't see why you "don't think we can claw back any funds". Agree that it may be more difficult/timely/costly, whatever... but lets be very clear that the law is on our side whenever we take action, and we'd have no reason not to pursue it.
looking like that's not an option since we're delisted and the SEC wouldn't prioritize us.
I guess we wait until settlement and then take action then.
Going to be a quiet few months on this board!
I agree with you here, though I understand Nick's point. I'm sure he would say that investors have done something for the company by funding its operations and is meaning to distinguish them from secondary traders. I'd also note that we are all 'traders', even long-term holders, even Warren Buffet.
Also, traders have indirectly helped, because there would be no primary market in existence if there were no traders on the back end of things.
$63 million does seem a little high for revenue projections there on bus shelter thing I'd rather things be understated and then surprise to the upside, but whatever. We've got two big irons in the fire right now and neither is contingent upon bus shelter success.
Well... Nice healthy bid of 1,250,000 shares at .0158. Guess that's something....
What do you mean "very high"?
What is his salary, and what are you thinking it should be. I am not for exorbitant pay or anything... but he does need to be compensated. We're investing a few hundred or a few thousand dollars. He is investing everything. I have no problem with fair and reasonable compensation.. and I have no problem if he's on this board... though I think his time would be better spent elsewhere.
I'd like to think that the decision to slow up on the PRs has nothing to do with how this specific board reacted.
I'd like to think that they are waiting until the up-tier and will release a slew of news at that time... or something like that.
They got the filing in on time, but it's been quiet since.. except for the hire which looks pretty good.
All that said, I guess the big things are $10M for 2021 and $4m for 2020. Unless they say otherwise, that's what we're counting on and we're pretty close to the end of the q. It seems that if they haven't adjusted it by now, maybe they won't.
Holding and hoping!
I'm for it.. I don't think we lose anything by getting a few forms on record.. asking for an injunction or whatever. I'm no lawyer though!
We showed the ability to raise enough to cover the costs of doing this so I'm all for it if anyone sees value and if he ( or another qualified person) is willing.
I think most of us agree that it would be better to prevent theft in the first place than try to recover from the theft. We'll see!
yep. lol.. hoping for the days when the zeroes are after the digits rather than in front of them!
Those shares were at one point up about 20 times from where I bought them. A little less than half a cent to almost 10 cents.
I bought some more on the way down from there.
We used to get PRs every week. Now things have been pretty quiet. Not to be neg, but I hope we care as much about share price now that the toxic is gone as much as we did before.
What is going on with the UK? We haven't heard much about it for a while, and it sounded so promising. I know it is promising, but for a while it seemed like we were going to be installing as fast as we could produce.
Now everything just seems to have stagnated. I'm not saying it is that way, just seems it. I know the price is mostly just a product of the toxic shares being unloaded but it's tough to see day in and day out. Hopefully we come out of this soon, but I fear that end of year tax loss selling may make it worse before it gets better.
Bought my first shares at $.044 and when those were up about 20x, I never imagined that I'd be down overall... but here we are. Great company, just hope the results come soon. Looking forward to better days ahead.
GLTA
Good afternoon!
It has been thought of and will likely be done at some point, perhaps after the underlying trial is complete or settlement occurs.
Until then, it's just a matter of letting the SEC know what's going on and figuring out what preliminary steps to take to put us in best position to take action once the time comes!
Seems like they've got a lot more to sell. For long term holders, shouldn't matter. For folks like me who need to unload some here in a few months to pay bills... May be out of luck.
Either way, very undervalued at this price.
Thanks, must have just been a glitch. GL!
nevermind. working now. oh well
We uplisting today? I went to Schwab
and it says "This order cannot be accepted because the security symbol is not valid."
I placed an order for another stock just fine, it went through, and then went back and tried us again. Same result. Symbol is not valid.
I really think we might be in process of uplisting. Anyone else get trades done today??
GLTA!!
Good morning!
Reading through recence posts... We know a 'real' lawyer would be too expensive prior to Billy getting any money.
Forgive me for not knowing how this works... but we have one gentleman here who has a brother who's a lawyer. Would it not make sense to ask this person to simply file on our behalf and get the fraud 'on record', with the understanding that we'll kind of let it sit until something is close to being done?
If there is so much benefit to getting things filed now, surely we (or at least someone) can find a law school grad to file a couple of papers for us.
From the research that the group did... it's clear that we may need a top firm for our case once it gets to that point. However, we may not need that to get the paper trail going.
Frankly... we may not need to do anything.. After Diedre gets her $5,000,000, I would be surprised if she doesn't then file to recover on her shares as well. Would love to be able to ride on her coattails on this since she has a lawyer already.
Frankly... not really.
I don't necessarily want new investors at this point because it means dilution. oftentimes at favorable terms for the investors.
Additionally, potential business candidates... seems like a non-issue. With the Med facility, it's simply owned by a different party since they didn't want SNPW owning it. So.. if it works with the first, it could work with the others... SNPW could be a holding company, and that's a non-issue.
If we get the facility up and running and we fly over a penny and they want to R/S on a good run, ok, fine... but right now we don't need any more money to license patents, to get going on Durango, and/or to do the current Med facility... so any talk of raising money at this point seems premature as I don't believe any funds are needed from us to get anything going related to current ventures.
Let's get a couple of things going, prove ourselves, and the rest should work itself out without us needing a whole lot of funds.
Well.. It's a good point.. I agree mostly but not 100%.
Onemay do the R/S to create and preserve a long-term option to dilute, even if there are no immediate plans to do so.
I agree that in this case it would be a positive dilution meant to raise funds to expand rather than keep the lights on... but dilution is dilution nevertheless. Frankly, though... I hope we're not in a rush to raise funds.
One of the benefits I see here is that if and when we can demonstrate success... we should be able to fund with local bonds rather than our own cash. People want this, that's the whole point!
My hope is that we never have to raise another penny via equity... and that if and when we get to the point where we need some cash we can put to good use... we'll be in position to borrow rather than dilute to get it.
A R/S is priced in here so if everyone is right and it doesn't happen... we should shoot up in a big way. Hope to hear more soon!
Thank you for posting this.. I read through about 70 posts this morning and had just about given up getting to anything useful :).
Positioned well for the future. I'm hoping to get some funds and be able to load up in the meantime.
GLTA, have a great weekend!
Just so everyone is clear....
When there is a 1000:1 R/S.... that will mean the outstanding shares would be roughly 966,000.
They will not R/S the A/S to one million as that would defeat the purpose. On many exchanges, there must be at least 40 million shares available in order to trade and for big entities to buy in.
So, my understanding is that we would all own a million shares... and O/S would likely stay the same at 1 billion.
Does anyone see this differently? Even if there is no dilution right away, it seems the point would be to sell part ownership to institutions and whatnot.
As long as the price is right, I'm not opposed to the concept, but I remain unconvinced that there would be no dilution at some point if an R/S is done... and in fact, I'd argue that there's no point to the R/S unless dilution is done at some point, because the big timers can't buy in either way without it.
Still own my 1%, and still think Nick is doing a good job, just wanted that out there for discussion.
Thanks!
Picked up a few at $0.0016 this morning. Reverse Split or not, I feel like that's a pretty good deal.
We can take care of that pretty easily.... and this is where sending certified and documented letters may have a purpose beyond just sentiment.
After SN talks to his SEC guy and sees what's up with that, it may be prudent to do a delivery confirm letter to Billy telling him that what he intends to do is illegal.
One way or another, we need to be able to remove that potential defense... though I don't think it would hold much water anyway.
If Nick is able to pull everything off, he is the CEO of the year. He shouldn't care about what this board says and he shouldn't worry about people writing him. In penny-land, most would have called their loan and made everyone's shares worthless by this point.
The fact that he hasn't means that anyone who has chosen to remain invested here has very little to complain about, and I doubt anyone would have done more for shareholders than he has.
No one loves delays, but I don't fault Nick for Covid and much if not all of the delay is beyond his control I'm sure.
For an insolvent $2M market cap company, the level of accomplishment here is quite extraordinary. Yes.... in order for that to translate into profits and share appreciation the next step will need to happen also... but based on the progress and amount of money committed so far... I don't see why it wouldn't.
Good luck!
Thanks for posting this. Wow. 600k monthly 7.2m per year.
Not sure what expenses on that would be. Nick's salary, maybe some debt servicing ( though I know a lot of the debt would transfer to the facility itself) but man... there is a LOT of room in there for some profit.
Even if we're conservative and say $6.2 million yearly expenses for SNPW ( don't know why that would be the case) that's 1 million profit, which puts us at under a PE of 2 right now, and doesn't include anything about Durango, Solar bus stops, etc.
I don't have twitter... is what you just posted from a tweet today?
This is awesome. Thank you for posting.
Wonder if Billy ever read this.
"transaction from which the director derived an improper personal benefit"
I mean.. the guy used this for personal expenses. As in, expenses unrelated to the ongoing trial. Will be interesting to see how he tries to justify that when we meet in court someday.
Wow what happened this afternoon? Here I was starting to get excited.
There was quite a bit of volume trading in the 20's this morning... now it seems both the bid and ask are pretty low.
The LOI news, while good, did seem pretty 'thin' to be bumping us up that much.
Still think there's value to be had and a potential moonshot with big news..... but it's going to take something solid to sustain things.
Good luck all!
I glanced at the filing but I didn't notice anything that was different. All prior filings have listed all those subsidiaries as far as I know.
Can anyone pinpoint anything that's different in the new filing? I may go through and give a closer read later.
I don't know if it matters to the SEC guy but just for the record, feel free to disclose my information (# of shares, $ spent) if that would help.
I bought up until a day or two before delisting.. very possible that some of those were Billy selling 'phantom' shares direct. Who knows?
Anyway, if any info like that can be usefull… by all means use it.
Looking forward to hearing what he/she says!
who do you think is buying all these shares? Am I wrong that it's been pretty quiet here on the MB given how much volume/ and $ increase we've seen?
Tweet about Durango LOI but there's other stuff going on as well.
Frankly, volume is way bigger than it should be based on the news. Makes me think something is coming. Maybe West Warwick town council is all buying in since they know it's all about to get approved or something.