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Your point about managing a company 400 miles away is completely flawed. The President and CEO of the successful California company I work for lives in Dallas, Texas. The CEOs of large companies frequently live in communites in other states than where their major operations are located.
Nicely stated. Thanks
I'm sorry but this is completly misleading. Purchases of shares in the secondary market don't provide capital to the company. At the time SLTD purchased Sunworks their financials were in such poor shape no bank would have touched loaning the company money or floating equity underwriting. The purchase of Sunworks allowed SLTD to get access to capital.
His response doesn't matter. Paid stock promotions are not illegal except under certain circumstances and he hasn't shown any direct evidence that Solar3D actually paid for those promotions.
Sandridge, it seems like you are pretty good at math. What would be helpful is if you would pro-forma the 2015 GAAP statements as if traditional debt financing was used for the acquisitions so we could see if the company would be better off without the "bad behavior". Chase extended the company a significant credit facility recently. Maybe they see something you don't? Maybe also a re-read of the Modigliani-Miller theorem might change your perspective about how the company finances it's growth.
So by inference what you are really saying and what you've been saying for quite a while is you don't trust SLTD leadership to do right by retail shareholders.
Drug, inorout's large losses post was I believe from April 2015. He was referring to the SLTD income statement continuing to show future large losses from convertible debt financing. I point this out because 1) he was entirely wrong and lacked the understanding of the accounting and capital structure leverage involved 2) continues to make negative statements when "the fundamentals" have improved and 3) from a portfolio standpoint I have incurred no realized losses on SLTD. Since as you point out the fundamentals are improving the question is investment horizon. I don't need to sell this stock in the next 10 years and am happy with my return so far. I am as concerned about the political and global economic impacts on this stock as you are but am willing to hold long as sustainable energy solutions have to be part of energy policy
Let's get real. As of close today I'm still up over 360% and have not lost $0.01 on SLTD. How's that for reality unlike inorout's post predicting large net losses.
Don't feel sad for us longs. Many of us are still doing quite well in SLTD even with the market downturn. I'm especially looking forward to comparing the results in the 2015 income statement to my favorite post of yours from earlier this year...
#42731
"I'm expecting larger and larger net losses for SLTD for the foreseeable future. Folks should realize it because it's always good to deal with reality even while you fantasize".
Look at your post 42731
Right again? Take a look at your prediction in post 52006
You are not on the same page. JN stated they would use some of the capital to build the infrastructure to support the growth so your premis is wrong out of the gate. Also for the period ended September 2015 accounts receivable increased by $3.75 million and by the way there is no allowance for doubtful accounts recorded on the balance sheet so the receivables are deemed fully collectible so don't try to raise doubt about the man's integrity when your statements aren't supported by what's been stated publicly and in the financial statements.
He already acknowledged there were unanticipated issues with bringing the cell to market. That's what's missing in your version of history. There is a significant possibility the cell won't see commercialization but you knew that when investing in a development stage penny stock right? There is also still a possibility it will. We'll just have to wait and see.
So please look at the complete history, not just the missed milestones. It's your failure to look at what has been accomplished despite the missed milestones, that maybe not talking about the cell is part of a strategy he would prefer not to reveal at this time for competitive reasons, that technological development, product development, product launches and creating vendor/manufacturing relationships are not perfect processes and encounter starts, stops and delays for many, many reasons. If you want to make more money in a short period of time I'm sure there are other stocks out there that might be better for you. For me, I like my 800% return in SLTD so far. I don't see any reason to not be long now. Don't be bitter, your posts were much better when they had a broader perspective.
DrugmanRX, I used to think your posts were well thought out even when I didn't agree with them. Now you just kind of sound bitter. Maybe you are underwater on SLTD at this point but to be frank, you are the one that controls your investment decisions so if you are underwater it is your doing. Why does everyone else have to bear your frustration? If you don't trust the leader at this point I understand but business conditions do change and require changes in strategy. Yes he has missed milestones but on the other hand he also adeptly switched strategy on a dime and took a development stage company that received a going concern audit with only $10,000 left and turned it in a very short period of time to a $50 million company with its first profitable quarter, he exceeded the guidance for the year and created a decent balance sheet. There is really not a whole lot to complain about at this point other than people invalidly bashing the stock and the leader.
Your post implied it never existed your comment about eternity is uneducated. Witricity was invented in 2007 and is only at prototype stage at Toyota
Please stop. The cell was demonstrated publicly at UCSB in 2012 and there are pictures
It is however a lot more entertaining when you are irritated
Not that interesting. I've been watching a long time and have a pre-split avg. cost of $0.019 per share. JN has stated in the past that it would cost more to produce. If my memory serves me correctly he explicitly has stated it would be 200% increase in power over a conventional cell and possibly 25% increase in cost. This is nothing new.
I tend to agree with you although how do you manage analyst expectations. One concern I have though is that they originally gave guidance of 40-45 mil and GAAP profitability at year end. I don't believe they reiterated GAAP profitability on the latest call. I'm fine with the non GAAP EBIDTA measures they look at now and it is a good measure but if they are not going to be GAAP profitable at year end they should state the valid reasons sooner than later as some of which could be the investment in infrastructure now to position for great growth forward. I think the infrastructure will be from investing in integrated accounting and purchasing systems that create efficiencies, limit increases in overhead expenses as acquisitions are integrated and reduce purchasing costs. But this investment will create additional non cash depreciation expense. I also think the addition of a CFO and Corporate Controller as well as the mention of hiring someone to pursue the cell manufacturing may be part of the infrastructure and will increase G&A expense. The bottom line is I think they are doing the right things but they need to make sure future acquisitions are accretive. I also think while they are in this EBIDTA stage we need to focus on CFFO closely and working capital management.
The comment wasn't in reference to other companies looking at SLTD to acquire them. It was in response to a question about how SLTD finds its acquisition prospects. Evidently in addition to SLTD contacting companies to potentially acquire, SLTD has been approached by a company or companies inquiring if SLTD is interested in acquiring them
Thanks I just wanted to understand your point better. I like your posts
I'm not sure what your point is. Every we'll run company has a process to evaluate their proposed capital investment projects typically via NPV of discounted future cash flows to determine if the project is worth doing. Are you saying that the agricultural companies shouldn't invest in solar because there are better opportunities to allocate their capital resources?
Sprech, I saw this post on Stocktwits "Jul. 26 at 4:40 AM Sprech
$SLTD I better not see Biosolar on any 10-q documents this quarter. I emailed JN about this last quarter saying I was pissed." I won't join Stocktwits but wondering what this is about. Sorry if it's already been addressed on iHub
Transactions recorded as prepaid are assets not expenses so this wouldn't impact the income statement unless you are referring to prepaids from a prior period being partially or fully expensed in Q2
Any guess as to the duration of the sales cycle? In other words if a home solar installation contract is signed on April 1st would the install be completed and recognized as revenue by June 30?
What happened to the $17 million backlog most of will be booked to Q2?
If you look at the 2014 10K Executive officer compensation schedule, Abe, Emil, and Mikhail only make a base salary of $104K and with bonus their annual 2014 compensation was around $146K. That's not a lot of money California for leadership positions in a 40-45 million revenue company. Although I'm not thrilled about insider sales they are understandable if you want to raise a family here.
I agree with you and have been impressed with the ability of this company to recognize the need to change strategy to install and execute on two successful acquisitions in order to grow the company while the cell is being pursued. I just would like a little more transparency about the cells progress to the extent possible
I'm bullish and long since 2012. I would just like a little more clarity about the difficulties in manufacturing
I don't disagree with you and am not bashing either of you but let's not forget, anyone who has been holding SLTD for two years or longer got in solely because of the cell and it is still relevant in terms of strategic advantage.
On. December 3rd, 2013 Nelson said:
________________________________________________________________________________________
“We have commercialization in sight for our next-generation solar cell,” said Jim Nelson, CEO of Solar3D. “That is the big prize that we organized our company to accomplish. Additionally, we believe that with the anticipated closing of our SUNworks acquisition in January, and other acquisitions to be pursued, we will have the opportunity to be one of the fastest growing players in the solar systems business in the United States.”
________________________________________________________________________________________
Although Iwhat he's been able to do with two successful acquisitions is impressive and can stand on its own, he needs to provide updates on the cell after making statements about it in the past even if the statements are brief.
Hard to know for sure, Chinkwia is probably correct although the Bloomberg press said
Jackson Family Wines, based in Santa Rosa, has a new partnership with Tesla involving battery storage and several vehicle charging stations, according to the February issue of Wine Business Monthly. The winery declined to comment.
Based on the below PR from July 22, 2014 I think there was probably a non-disclosure agreement on the battery system.
Prominent Winery has contracted with SUNworks for Major Project at Multiple Locations
Roseville, CA – July 22, 2014— Solar3D, Inc. (OTC: SLTD), a leading solar power company and the developer of a proprietary high efficiency solar cell, today announced that its SUNworks division has finalized a contract with Jackson Family Winery (“JFW”) to install solar systems totaling up to 3 megawatts, located throughout a number of JFW Properties.
Abe Emard, SUNworks CEO, stated, “Once completed, the installed systems will offset nearly 70% of the wineries electrical consumption. The projected savings over the next 25 years will be approximately $11MM.”
Julian Gervrean, JFW Senior Sustainability Manager said, “We have been working on this project with SUNworks for quite some time. After several months of planning, it’s exciting to see it come to fruition. This is a giant step forward for us in meeting our sustainability goals.”
Last year JFW commissioned SUNworks to complete a 300kW solar system located at their newly renovated Ramal Winery located inside Napa Valley.
The SUNworks management team plans to complete the JFW projects by November 2014.
SUNworks continues to prove it is on the forefront of the solar industry. Mike Podnebesnyy, Vice President of SUNworks stated, “I am proud of the unique design and installation on this project. In this case, battery storage will be implemented in conjunction with solar PV to give our customer control over their demand consumption. We believe this is the direction in which our industry is heading. SUNworks is on the leading edge of this offering and is discussing this option with our current and future customers.”
Jim Nelson, CEO of Solar3D, concluded, “It was exciting to have such a prominent company like Jackson Family Wineries trust SUNworks with their installation at Ramal Winery. To have them come back and engage SUNworks to facilitate an additional 3 megawatts on some of the wineries most prestigious locations is a tribute to the quality of the work SUNworks is doing.”
So a 2,000% increase in price from a low in 2013 is not a good performer?
Great writing and thanks for the effort you put in. I was reading the Seeking Alpha submission guidlines and editorial principles and it looks like they are looking for fundamental analysis. I think if you added some ratios, compartive analysis or trends from the financials to your articel they would accept it. The guidlines indicate they don't assess based on bullish or bearish perspective. Sandrige focused his analysis on the balance sheet which is why I think his was accepted even if it was flawed and outdated information.
So there are paid promoters but no paid bashers?
I'll bet you still believe in Santa Claus
I like your cheerleading. At least you research things....gimme an "S", gimme an "L" , gimme "T", gimme a "D" ... GO SLTD!
Any idea how long the patent examiner will take to make ruling?
I really hope you get to buy in at $3.10. It'll be 800% higher than where a lot of us bought in. Your parents must be so proud
Guys, I live in the tri counties area and the Pac Biz is a very small periodical and probably not well proof read The article did quote 10-50 million but it is entirely possible the journalist misquoted the 30 million as 50 million. Regardless, it was a good article and it is not unreasonable to think SLTD can acquire a 50 mil revenue stream with the cash and equity they have available and are also moving into a financial position were debt financing other than convertible debt will be available to them as Tracy Welch I'm sure is well versed at capital structure leverage