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The purchase price is $2,794,500, $1,044,500 of which was paid in cash at the closing of the SPA and $1,750,000 of which is payable in installments over a period of five years after the closing of the SPA pursuant to convertible promissory notes bearing simple interest at the rate of 4% per annum (the "Notes").
The down payment was from the 2 private investors that I mentioned before when I said that the aquistion will happen today.
This should alleviate some of your worry.
Jim is a very smart individual. He will do what is right for Solar3d and for the investors.
What make me smile is that everyone I'm sure will be saying, if they havn't already. I told you so! To a few people they know today and next week!
Uh... Ehhem...Over here... :)
I'm Long and Hard with SLTD!
TAAAAA DAAAAA!!!!
I know. Pretty crazy huh. Also, there was an old spice commercial recently with a company meeting around the conference table and a woman writing down her number on a pad of paper. Some guy decided to call that number and he won super bowl tickets. Awesome.
I loved seeing Kapernick when they lost. I like both teams. Wife is a Denver fan since her Aunt and Uncle are good fiends with Mike Shanahan. Me, I'm a Green Bay fan. I just want my numbers to win on the football board.
Not Mormon. I did go to Saint Mattress last Sunday and will be going to Saint Lazy Boy this Sunday while watching the Super Bowl.
Good one. LOL But, no...
As soon as I find out. I will give you the exact time that the papers were signed. Deal.
If I tell you. I'm afraid you wouldn't read past the first line and jump out a window.
I'm sure I did not cause the drop. Major holders are not skiddish. They see the big picture as I do and they read everything throughly. Sorry for the heart attacks though. We will be laughing at this in a couple years when it hits $4.
Wow. I didn't mean for that to happen. Sorry. I revised it so no one will get an itchy trigger finger.
Come on. Mormans don't fight!
I do not know what time the deal will close today, but it will happen. The best part of this deal is that Sunworks is not a publicly traded company. Solar 3d would have to pay up to a 30% premium on thier value. A deal like that would make their stock go up and solar3d stock go down. That is where hard negotiations take place at the table and they do not breath a word exactly when it will take place. And for the dilution. I believe that Jim will do what is what is best for solar3d since he, his family and friends own company stock. That also is my philosophy, I do what is best for solar3d. I could have really messed up the market to make a quick buck by not telling everyone the date of the closing. I would rather it be strong so new investors will have confidence in this company as I do. This is really going to be a fun ride!
I am all for global warming up here where it can get to -50f.
Please don't hate me.
How about this-
"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years." - Warren Buffett.
I don't anticipate news on the closing of the aquisition tomorrow. Although, it would be very wise to do it on the same day as the deal being completed. I'm guessing sometime next week.
If you have scottrade, check out the last dip at 1:35. It looks just like solar 3D's cell. I like it.
"In the business world, the rearview mirror is always clearer than the windshield." - Warren Buffett.
Sure seems like it. I guess they thought that they would hear about it by today at the latest. When Jim said by the end of the month. He sure meant it.
Guess some people didn't get the memo.
I believe that Jim Nelsons vision of ALSO creating a solar roofing tile (shingle style) will become a reality for new residential construction. It would trasform the acceptible raised bracket systems to become unsightly and old looking.
And then big possibility that a very large company will want to aquire Solar 3d. It all depends if Jim would want to sell.
I think that you mean the Fudging Numbers statement.
"12-cent range is a price unseen since the beginning of 2012"
Let's not forget that Solar 3d didn't have this many irons in the fire in the beginning of 2012 and that's why I only had 100k shares back then. Let's just say that I've picked up a few more since. I will be thrilled at .25 and completely speachless at $2.00
Have you been getting my private messages? Like I said, give me a call if you have anymore questions.
It was not an Email. It was a phone call. Just sit back and wait for the announcement on the day the acquisition was closed and then you will believe me with the other things that I said. I do not B.S.
I was told that the aquisition will be closed on Friday.
Abe Emard.
And YES this company WILL be over the 1 dollar range within the year. They have 3 more items to finish on the 3rd proto type. It should be in production in less than a year. They are in negotiations with the manufacturer now. Solar 3d has teamed up with a couple private investors that have closed deals with companies in the 300 million dollar range.
The acquistion will close on Friday January 31 2014.
Also, I can't even count how many cabins that are off the grid in Alaska and would go solar if the price was right.
Of course. I have alot of money and faith in this company. I also have another agenda with starting a solar company in Fairbanks Alaska. I talked to Jim Nelson a few years back about it and I'm waiting for the golden egg to come to market. We only have 1 solar company here and 1kwh is 19.6 cents. During the summer we have 24 hours of daylight. Not much in the winter but residential and commercial are still installing solar panels. Common solar panels are "just" worth installing up here. The 3D SOLAR panel would definitely be worh it.
I'm going to talk with Abe today about an expansion of their company up here and one in Tucson Arizona.
I did last week and he didn't get back with me yet. I'm sure that he is pretty busy or he is trying to lay low with info until after the acquisition. Normally he gets back with me within a day or two.
Also, on Friday I talked to the head of Residential Operations and Marketing at Sunworks. He told me that they are really excited about the aquisition and even more excited about the new technology on the 3d solar panels. He expects very rapid growth.
In a couple of hours I will be talking to Abe Emard CEO of Sunworks.
Very Nice Post! Very Nice.
Also, don't forget that this solar panel has been created within the University Of Santa Barbara. It is rated #2 in the world in terms of research impact. A great university that has helped change the world.
Don't be so hard on him. He's just trying to make a quick buck so he can feel better about his bitter losses on SLTD from the past. I've done the same thing as he is doing on a different stock years ago, but WITHOUT verbaly trying to bring a stock down by the mental games that he is trying to play. It didn't work for me and haven't done it since. The money and the headache wasn't worth it for me. I knew someone like him would show up here eventually. Definitely a person that has been beat up alot as a kid. Just feel sorry for him.
And if he tries to become negitive with me again I will just give him 2 words- CHICKEN LITTLE!
I thank God that you are not running this company adzeel. Well, if you were, I would not even be here.
I understand where you are comming from. Most day traders don't even know anything about the company that they are trading. All they look at is the charts and numbers and hop on the short term band wagon hoping to turn 10%. I, on the other hand not only look at charts and numbers but I have been researching this perticular penny stock for well over 2 years and continue to do so. I do not spew crap out of my mouth onto this forum my friend.
Personally, I don't believe that it going to go that low. That's why I bought another block of shares at .0699 and happy that I did.