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I think the PR was misinterpreted. In GAAP accounting there is a revenue recognition principle that prevents you from randomly assigning a couple months revenue to another quarter. They probably thought the revenue would be Q1 but after calculating % of completion on some projects were required to book in Q2
Thanks sounds reasonable
Drug, how do you feel about SLTD if the cell is scrapped? Does the installation acquisition strategy still make this an attractive mid to long term investment?
I find your posts useful
It seems to me that if the consumer perception was to wait for the next best solar, Sunworks installations wouldnt be increasing as dramatically nor would the overall market demand. Companies for example Jackson Family Wines look at the financial return on the investment to make the decision to buy now vs wait and still are moving forward.
So if SunWorks is awarded the contract what do you predict will be the financial impact to the company?
Just curious are you using a bankruptcy z score model for your predictions?
Correct. It is not false since shares were purchased at that price regardless.
Wouldn't it make more sense to spend $3.5 million to buy another $20 million dollar revenue stream that grows at 100% annual rate rather than fixating on a short term issue?
The obvious reason SLTD is 8X the value of its assets according to your logic is that it appears SLTD is very good at buying $20+ million and growing revenue streams for only $3.8 million.
Inorout - SLTD is an accrual based accounting reporter which means they can book revenues when earned and before they are paid.
Don't forget that Jim Nelson still has options to purchase I think 20 million shares. These are options not restricted stock grants and if Jim were to exercise them would require cash to exercise, would significantly increase his ownership basis indicating his belief in the company. I think Buckylaw made an insightful post a while back when Jim was selling shares that the after tax value of the sale of those shares would be enough cash to exercise most or all his options. We shall see how that plays out but in my opinion all the recent news indicate things are still very positive.
Do you understand the difference between nominal and real accounts in financial accounting?
"some" being the key word is certainly fine. Raising $50 Million at a share price of $0.17 is more than "some"
I agree with you that there would have been a communication if some of the 50 mil was raised but the reason these are called shelf registrations is that they can pull shares "off the shelf" and sell in tranches. There is no obligation to raise all 50 at one time and close the offering. I seriously doubt the intention of the S-3 was to raise $50 million at $0.17 per share and dilute the heck out of this.
Thanks I've already looked at. both when the S-3 announcement happened. Glad you continue to post good information though
Yes, i understand the shelf registration addresses the equity issue but the $50 million still has to be raised from the sales of shares. Or has this already been completed and SLTD has the $50 million in cash now on their balance sheet? If so how many shares were transacted to raise the $50 million?
Yes I stated all that in an earlier post a week or so ago. Without the $50 million a reverse split doesn't accomplish much except get closer to the qualifying share price
SLTD needs to address the negative stockholder equity on their balance sheet before they can uplist.
In California there is still an exemption. It's pretty detailed but the jist of it is
"The property tax incentive for the installation of an active solar energy system is in the form of a new construction exclusion. It is not an exemption. Therefore, the installation of a qualifying solar energy system will not result in either an increase or a decrease in the assessment of the existing property"
Qualifying systems are defined as:
• Domestic, recreational, therapeutic, or service water heating
• Space conditioning
• Production of electricity
• Process heat
• Solar mechanical energy
Wasn't Spectrolab's cell a prototype? When will we see their prototype in production?
He's a performance artist here to entertain us all
Why did Google, Apple, FedEx, WalMart, AT&T and Verizon not by Bloom Energy ? They all use Bloom energy servers to help reduce their carbon footprint and reduce energy costs. Many of them also use solar but didn't buy the solar panel companies. I don't see your points.
Sorry, was getting excited
Great find, it looks like they have permited a project in Nevada!
Bid price or $4.00 for the global or capital market for initial listing. The capital market has an alternative closing price that can be used which is $2.00 or $3.00 depending on which of the three listing standards used to qualify
In my opinion, the shelf registration to raise $50 million gives them cash for the further acquisitions and capital if their manufacturing partnership deal requires them to split some of the ramp up costs. While limiting dilution. Any cash raised above the par value of the stock sold from the shelf registration which is $0.001 goes to the equity section of the balance sheet under additional paid in capital which makes stockholders equity positive in 2015 and satisfies the stockholder's equity requirement for listing on the NASDAQ Global and NASDAQ capital markets. All the other requirements should be satisfied with the exception possibly of income from continuing operations but this also could be achievable in 2015 for both the Global and Capital listings as they are $1 million from continuing operations before taxes for Global and $750,000 from continuing operations for Capital Markets. I also believe (in my opinion) that this also means other very positive news is on the horizon because the sales from the shelf registration are much more favorable if sold at higher price that limits the number of shares to be sold to raise the $50 million and limits the potential for a reverse split.
Didn't you say in an earlier post that SLTD was a shell company?
OTCQX U.S. Requirements
No shells or blank check companies.
Yes, these requirements are still valid under 5500- The Nasdaq Capital Market Listing Requirments
Sorry to hear about your mom. You are in our thoughts.
Yep
Good post. I saw this when it originally came out. My last two posts were intended to show from past history that many longs have already seen that the cell does exist in protoype form, shows a picture of the cell with Jim, Changwan, a member of Congress and the two scientists mentioned in my second post. In other words the cell has been demonstrated to the scientific community at UCSB and it would be in my opinion unlikely that Jim Nelson could present a cell there that didn't do what was represented. As far as the viability of SLTD as an investment I can't say, However I'm long since 2012 and am still optimistic
An example of the caliber of scientists in attendance at the conference where the prototype was demonstrated in September 2012
David Auston is Executive Director of the Institute for Energy Efficiency and Executive Director of the Center for Energy Efficient Materials, at UC Santa Barbara. Prior to joining UC Santa Barbara, he was President of the Kavli Foundation. He has been a member of the technical staff and department head at AT&T’s Bell Laboratories (now Lucent Technologies), Professor of Electrical Engineering and Applied Physics and Dean of the School of Engineering and Applied Science at Columbia University, Provost of Rice University, and President of Case Western Reserve University.
Auston has contributed to research in the fields of lasers, nonlinear optics, and solid-state materials. He is a member of the National Academy of Sciences, the National Academy of Engineering, and a Fellow of the American Academy of Arts and Sciences, the Institute of Electrical and Electronic Engineers, the Optical Society of America, and the American Physical Society.
Rod C. Alferness is the Richard A. Auhll Professor and Dean of the College of Engineering at University of California, Santa Barbara. Alferness comes to UCSB as the former Chief Scientist at Bell Labs, following an accomplished career in optoelectronics and electrical engineering.
Alferness is world-renowned for his work on integrated-optic devices and optical switching technology and architecture. His research has been central to the development of global fiber optic communications networks. As Chief Scientist at Bell Labs, he was responsible for strategic directions, technical excellence, and global partnerships - including universities. In a prior role as Senior Vice President of Research, he had overall responsibility for the company's global research laboratories. In his role as Chief Technical Officer for Bell Labs' parent company, Lucent Technologies, Alferness was responsible for transferring the optical technology he worked on to the business units.
Alferness received an M.S. and Ph.D. in Physics from the University of Michigan. He is a member of the National Academy of Engineering and a Fellow of the Institute of Electrical and Electronics Engineers (IEEE) and of the Optical Society of America (OSA). In 2001, Alferness was the recipient of the IEEE Millennium Award. Alferness received the 2005 IEEE Photonics Award and the 2010 OSA Leadership Award. He has served as President of the OSA and of the IEEE Photonics Society. He is the author of more than 100 journal articles and holds more than 30 patents for his work in optoelectronics and optical networks.
Fullpower asked for a picture of Jim Nelson standing beside his game changing cell. The picture is of Jim Nelson, Changwan Son and Lois Capps - U.S. Representative for California's 24th congressional district standing by the "game changing" cell prototype in September 2012 at the Institute for Energy Efficiency, at University of California at Santa Barbara on September 27, 2012 where they demonstrated the working prototype at an event hosted by the Institute.
The event was also covered in the Santa Barbara News Press and SLTD was the primary focus of the article.
Follow the link - there are a couple of pictures of this
http://iee.ucsb.edu/files/DSC03382.JPG
Would you please put together the dollar amounts invested by
Cumorah. Wings and Pearl since inception and what the dollar value of their investment is as of yesterday's close. Also a summarization of how many shares they've sold since inception.
Thanks
What was the dollar amount of their investment for their large positions?
Sounds like you need to take a principles of financial accounting class. Even with all those derivitive liability losses and negative equity there seems to be positive cash flow from operations... Gee how did that happen????
I think the bashing might stop if you explained your reason for investing in SLTD in the first place. Cleary you have a level of sophistication to have reviewed and interpreted all the SEC filings prior to your investement in SLTD where you would have seen prior sales by insiders which would have satisfied your questions about insiders profiting at the expense of retail investors and you would have not invested in SLTD. Your motives commenting here are completely suspect.
Are you serious??? Your point #2 is just flat out incorrect - the only way shareholders owe anyone anything here is if they borrowed to buy the stock. I still have not heard you state the reason you invested in this stock. Please do so. Don't you have an S&P index fund to be dumping all your money into?
2. SLTD is in NEGATIVE equity and not by a little bit either. Its one thing for shares to lose a bit of EPS each quarter. By owning SLTD, you literally OWE money for holding the share. With such low levels of liquidity ($1m), this company is going to start running into issues when their liabilities are due.