Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I am going to disagree with you. They have to average .06 to get the entire 5 million. I think it will rise above .06. I am hoping for a dime, and for it to hold for long enough for me to cash in some shares. I am afraid there is going to be a lot of people wanting to sell and it will not hold for long. Long term I am still holding to my much earlier prediction of .25 by 2016.
The 85 million shares are the same shares we have been talking about for months. The bad stuff in the prospectus is the same bad stuff we have been talking about for months. There is more good news coming with the next earnings. The chances of this stock staying below .02 for too much longer are pretty slim.
You're touching all the bases
Ain't you a peach
I copied this from an SA article.
A solar panel's cost-effectiveness is essentially all that matters in utility-scale generation, as labor is only a comparatively minor aspect of total costs. Potentially quicker installation times due to higher-efficiency panels will only marginally save costs in the utility-scale market.
Distributed solar generation, on the other hand, has a greater emphasis on installation costs, as opposed to material costs. Instead of installing thousands of panels at one time, installers in the distributed segment oftentimes have to install a few panels one rooftop at a time, making labor a much larger part of the total cost equation.
http://seekingalpha.com/article/2829126-trina-solar-increasing-emphasis-on-the-downstream-solar-markets?ifp=0
Westinghouse Electric Corporation (Wholly owned by CBS)reminds me of GM right before the bankruptcy. They apparently believe that branding and marketing are all that is important, and that any product can be inserted into the market as long as it has the trusted brand. Where does this leave Westinghouse now that they have negotiated financing for a product and a company that is bankrupt (CBD)?
There was a saying going around after the GM bankruptcy that car people were telling the suits,
It's the product, Stupid.
all this money, all these plans and no panels to sell
Is Westinghouse going to abandon solar now that their model has bankrupted two growing companies? Are they going to abandon the Andalay concept and find another sucker to pay them for the use of their toxic name?
They thought that selling and installing solar systems was the same as licensing a cheap Chinese toaster. The complexity of solar combined with the much lower margins make it a much different than consumer goods.
what have we here?
MadMonster may not be as mad as we think
good for you
twitter message from Auxin solar last April
"Big meeting. Big plan. Big future."
We all know the financial condition of Andalay. Virtually all companies that fall as hard as they did are out of business quickly. They have survived. When they were essentially bankrupt and without a supplier someone ponied up the inventory in exchange for worthless shares. Why would anyone do that? Then, two high powered solar executives sign on for shares. The ongoing recovery and march to profitability has been funded by worthless shares. I cannot see how any of the insiders will benefit from dilution. The only benefit is not having toxic debt.
I have many questions
They seem to show up when the short interest jumps.
We keep rehashing the southridge deal like it's something new. Maybe we need the cash to fill orders.
There is a big push to make solar cost competitive with conventional generation. Installation costs (including tooling, trucks, training, and wage grade of installers) are a big portion of the cost to the end user. Andalay has a patented solution that works better, and a sales team with connections to lots of installers.
The truth.
Plug and play is bigger than you think.
Energy Department Announces $53 Million to Drive Innovation, Cut Cost of Solar Power
excerpt.
By nearly all measures, the solar energy industry has been one of the fastest growing sectors in the United States over the last five years, with cumulative installed solar power increasing more than tenfold since 2008. Significant decreases in both the hardware costs and non-hardware “soft” costs of a solar energy system, such as permitting, interconnection,
Interconnection
We got that covered already
Andalay is not giving Southridge 85 million shares.
"We intend to draw on the facility from time to time, as and when we determine appropriate"
The decision makers of Andalay have a compensation package that rewards higher share prices. It would be against Chan's interest to allow runaway dilution.
I was looking at several turn around candidates that included PLUG. I chose Andalay for the market conditions and the innovation.
PLUG is in about the same boat. At IPO shares were $160. 4 months later they were at $1500. They are now $3. They are different in that the market demand for their product is pretty low. The huge rise is share price was due to speculation and blue sky. They are where solar was many years ago. It is a technology that will most likely be huge, but there are many bumps in the road to come.
Market conditions play a big role. That is why Mad keeps posting about them. It is relatively easy to succeed when there is a great demand for you product, and it is almost impossible when there is no demand.
In many ways it's the same as a start-up. You have to spend money and time before you can reach your goals. The road to profitability is a long one. Andalay is on that path.
Risk is high and the potential payoff is high. Investing in a fallen company is not the same as buying typical "house of cards" penny stocks. Some of us see the signs that this one will recover, and is indeed recovering. Sure the financials are horrible. If they make the recovering it won't matter. I for one am buying a company, a product, and a team.
page 11 article 8 of 10-Q gives a detailed description of notes payable.
you play the next hand.
who is this "jackie chan" you speak of
Venture capitalists can be ethically challenged, but at least these guys are saying the right things.
here is a link to a page containing Southridge mission statement and gloss for Stephen Hicks.
billions upon billions of times
If Southridge were buying convertible shares then I would worry about them shorting. But,they are buying common stock they need to sell.
Andalay needs to have big sales in the works to justify the hire of Chan and Kwok. Chan and Kwok need the stock price to rise for their compensation packages to pay. So at least it looks like our goals and their goals are aligned. Still there is no guarantee.
Sales of put shares under the Equity Purchase Agreement could result in the possibility of short sales.
Although Southridge has agreed not to enter into any “short sale” (as such term is defined in Rule 200 of Regulation SHO of the Securities Exchange Act of 1934), of our common stock, the sale after delivery of a put notice of such number of shares of common stock reasonably expected to be purchased under a put notice is not deemed a “short sale.”
Section 4.10 DILUTION. The number of shares of Common Stock issuable as Put Shares may increase substantially in certain circumstances, including, but not necessarily limited to, the circumstance wherein the trading price of the Common Stock declines during the period between the Effective Date and the end of the Commitment Period. The Company’s executive officers and directors have studied and fully understand the nature of the transactions contemplated by this Agreement and recognize that they have a potential dilutive effect. The board of directors of the Company has concluded in its good faith business judgment that such issuance is in the best interests of the Company. The Company specifically acknowledges that, subject to Section 2.2(c), its obligation to issue the Put Shares is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders of the Company
Read the 8K from Dec 15 relating to the agreement between Andalay and Southridge. It was up to Chan to protect Andalay from the type of financing that was at the root of the earlier problems with Southridge.
"The kind of financing at issue, since discredited, goes by the telling name of “death spiral preferred.” It worked like traditional convertible securities, except that the conversion price was a movable goalpost. The more the stock went down, the more shares the owner of the convert could claim on converting."
from the 8k
"Section 4.3 CAPITALIZATION. As of the date hereof, the authorized capital stock of the Company consists of 500,000,000 shares of Common Stock, $0.001 par value per share, of which 274,564,124 shares were issued and outstanding as of December 10, 2014, we have authorized: (i) 2,000 shares of Series A Convertible Preferred Stock, par value $0.001, (ii) 4,000 shares of Series B 4% Convertible Preferred Stock, par value $0.001, (iii) 1,175 shares of our Series C 8% Convertible Preferred Stock, par value $0.001 and (iv) 1,180 shares of our Series D Convertible Preferred Stock, par value $0.001, none of which remain outstanding at December 1, 2014.
Except as otherwise disclosed in the SEC Documents or on Schedule 4.3 , there are no outstanding securities which are convertible into shares of Common Stock, whether such conversion is currently exercisable or exercisable only upon some future date or the occurrence of some event in the future.
All of the outstanding shares of Common Stock of the Company have been duly and validly authorized and issued and are fully paid and non-assessable. "
yawn
.01 a share would be 100x the current price.
the short volume jumped to 20% today and these guys reappeared.
What would trigger someone to sell at this point?
gotcha