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It’s going to take volume and awareness. If people are worried in the markets in general they may not pick up new risks yet. The longer it takes the higher and faster the run will be.
Market prices are a funny thing. Why buy at .50 when you can buy at .469. Until the sellers dry up, the price will stay.... as more come to buy and hold, not penny flipping, the more the demand pressure will build.
The CEO says we are undervalued. He has no control of the market but knows and says that the numbers they will be presenting will take care of the market. They are also going to talk regularly with investors so that any rumors are squashed.
Ultimately investors look at TTM (trailing 12 months) and decide what is a good entry point for them. This is still on pink, so their audience is limited. But they WILL uplist at some point.
In my opinion this is a good time to build demand pressure for the stock and tell others to research. They will come with $$$ and start buying. The more that come and buy the less shares are just waiting.
As news comes and traders descend to start pulling out some money from the rise in price, the demand will hold as some will buy and hold and traders will buy low and sell higher.
When there is blood in the water it takes a little while for the sharks to circle...
In this case the sharks will look at sirc as a tasty treat.
Green is green. And as long as it stays green for a while we will be back at .55 next week, then .75 in two weeks once they announce 12MM revenue for July. And if they beat 12MM it will start running. Otherwise it will be green but penny skimming on the way up will happen until heavy traders engage and start buying 10MM shares a day.
If we start hitting 8-10MM in volume, watch out.
It may take a 30MM quarterly report for that to happen. It might take QB uplist. If it stays under $1 by QB uplist I fully expect the QB uplist to take it to $1.50 in a few weeks if not few days. We will be at $1.50 by end of November is my guess.
Anything can happen, but buyers will be coming.
What if a solar system maker or EV maker dropped 1BN to buy them? What a great way to make a new business arm and provide them direct from the manufacturer.
It’s totally possible. Dang I wish I knew who was asking to see what they would sell for. What would you bet $2 per share has already been on the table and declined....
Place your bets though we may never know.
If they can hit the 150MM run rate or 37MM per quarter sometime this year, I have a feeling a lot more holding companies may want to buy up 4.99% of the shares if they catch them before they hit $1 per share, just as an investment. Can you imagine big $$$ starting to buy up shares as investment hopeful for a buyout.... I mean if people start coming and buying this as much as they should it will be hard to find shares to buy.
We know a ton of us are holding until $3 or $4 or $7 or $10 and anyone coming today with the long view may see the same potential. More will buy on the way up. With the oversold status and companies sniffing around any wind of a serious buyout offer will send this one on the way to $1.50 in a few hours. All it takes are people with deep pockets picking this one up and spreading the word. Total market cap only 175MM or so. Float even less, and even less when you remove our shares from the market.
What is the real float value? Accessible shares? 5 companies putting in 20MM each would just about do it. Or 100 people putting in $1 million. I am sure there are profits that people have taken to put into this gem.
It won’t be long.
Profit or net income?
I thought the profit margins were in the 26% range and increasing.
10% net income would be sweet though.
That would be .0625 per share and would take a pe of 50 to be $3+ which is doable for a fast growing company.
From where we are today, the call should bring some relief and move us towards $1.50 in 6 months or less.
The only reason for a R/S would be if this hovers in the $2.25 range too long and they needed to do a 1-2 split to push them well into NASDAQ. And if they did, I don’t expect there would be a negative if they are cash flow positive and showing revenue growth like we expect into next year.
At $2.25 which I think they can reach on their own, many of us would like to see if Nasdaq could bring it to $10 or $20 or solicit a buyer.
If we’re at 200MM now and if someone offers 1BN would you take it? That would be about $2.30 per share. For me, I would if it would allow the other company to grow more and be a higher benefit and happened sooner than later. I think they could hit 700MM on their own without a buyer in 12 months and 1BN in 2-3 years.
I would almost wish they wait for nasdaq until they had another bull run to push them into the spotlight.
I bet they are being asked for a sell offer.
But under $2.50 per share would not be great unless they merged to Nasdaq and the combined company would double in price afterwards. Double including the price for sirc.
I don’t think they would do a RS from $1.50 to $3 as it gives no head room. So I expect at least $2.50 in the next 12 months.
Nice message Spence. We’re in this together. We’ll watch and point out things to look for and if concerns grow for real reasons many will take note. But I do agree we’re likely at the bottom again like the .03 to .019 dip that scared some and prompted others to buy even more.
After this takes a huge turn, we’ll all feel better and happier with our decisions to buy more and hold. Some us will kick ourselves for doing something. And you never know until later which way it will go.
Betting on a full house is great unless someone has 4 of a kind.
I think reality checks and things to keep any eye on are important to not ignore. If we don’t ignore them, they won’t ignore them.
Large investors are important to the company and I think they want to listen to the tough questions.
They have vision, and part of the Vision is reaching 100MM and pausing to integrate and put the rest of the pieces together.
Any penny trader has been burnt by ignoring warnings. So don’t expect something that is a warning to be ignored. Better to voice it and have it addressed, than ignore it and people wonder what happened.
I have a good feeling, but there are always open eyes on any weak spots to see how they play out.
From the fundamentals, I think we can see positive results with continuous execution.
Anything can happen. That’s when a weakness can crumble a penny stock.
They grew revenue by 6x and share count by 2.84x.
Those are not bad odds. That means to me if we hit $3 before, we should $3 again more easily.
I might have issues if they grew share count by the same as revenue.
The one purchase of the sales company allowed the sales company to grow organically 200% in a month.
If they go from $1M per week to 2M per week in a few months, and other sales organizations also grow and expand by 200% it will help all of them grow.
Organic growth may be 100% per year as a whole, but even 50% per year would be considered high growth.
And even with everything else that people are concerned about, growth in revenue and working on efficiency seems to work out best over a period of time.
This is all in their hands to achieve.
And I bet after 6 months of growth, people won’t be able to pry shares out of peoples accounts.
If you start seeing 12MM per month numbers would you sell under $1, $2, $3?
If I see those numbers this year, I’ll be holding tight. It’s all about what the business does at this point, month after month.
If you see my numbers, anything is possible if we get trader support. 10x market cap to revenue ratio is possible. And in 12 months they likely will have the revenue to make $3 possible. If we get a higher push in the multiple area, we could go higher. We hit $3 once on less.
If I had more cash, I would be buying more at this price. I should have held off on some of my purchases at .90, .80, .70, .60, .55 etc, etc. but hey even .75 will be a gift one day. Just not today.
And let’s go crazy for a moment and say they hit 10x and then keep growing at 50% .
Anyone care to adjust share count to moderate those numbers?
8x would be double my numbers for 4x so that looks like $10 is possible in 4 years on a spike.
Do you plan to hold for a high spike?
Have you figured out you next moves or exit plan?
How do you know which numbers are more likely?
Those are the questions to ponder.
I debate with myself on when to take profits. My conservative side says sell 25% at X% increase from here.
Actually I’ll update my numbers. If it grew 50% per year for .445, it would be $2.25 in 4 years.
$0.445 today
$0.66 1 year
$1.00 2 years
$1.50 3 years
$2.25 4 years.
If it stayed at 1.7x is just an example. It is very unlikely that it would stay that low if the company grows at 50% per year. For the precise reason that investors plan to hold 10 years and would pay a premium for a fast growing company. A fair price would be 4x-6x
And then it would grow 50% per year at that multiple.
To make the math easy, 4x is $1.00 give or take...
So
$1.00 today
$1.50 1 year
$2.25 2 years
$3.37 3 years
$5.06 4 years
In 4 years this is logically $2.25 to $5.06 no hype. Just raw growth numbers based on what they likely can achieve in this industry.
I sense our happy little board has become a pissing contest. It happens when the stock price goes down enough to make a person gasp when they look at the loss numbers on paper.
But remember, this is at 1.7x and a company growing at 50% plus per year organically, in an industry that is gaining speed, and multiple industries supporting the business, and across a large section of the US.
These are people with vision, desire, and Industry experience.
We will catch a break at some point. Even if it stayed at 1.7x the revenue growth would allow it to double fairly often and potential hit $1.60 in 7-10 years just from % growth even if it stayed at 1.7x
It should be 4x minimum for the growth factor of 50% and if they grow at 100% it should be an 8x factor minimum.
We’ll see how the next 6 months play out.
.445 is less than 175MM market cap. That is amazing that we are down around 1.7x with now more revenue, just as high of an organic growth or more than last year when we were at 1.7x.
Last time we hit 20x+ with the enthusiasm. I don’t expect that, but I would expect 5x forward looking revenue based on monthly numbers. If we hit 12MM per month, I would call that 144MM x 5 / 393MM which would be in the 1.80 range. I would expect this between now and November.
Any other big news would push it to 10x potentially.
Then, it all depends. I wonder what will happen and when.
Let’s talk about what will bring investors.
For one we have to hit bottom some time. Let’s say .445 is the bottom.
They are making about 10MM per month. And they may be able to tell us if July continues that trend. And if it does, will we continue to see a 1.7x multiple or will we get back to a 4x multiple.
120MM x 4 = $480MM
That would allow us to hit $1.22 believe we should hit that by November if not sooner. It only takes one big push by any number of large penny stock traders to set it in motion.
It could double in one day easily. If we can claw our way back up to $0.55 before a 100% weekly run, we could see that trend happen multiple times before EOY.
Once we get back over $1 I think many people will adjust their holdings, especially with it being at this price so long.
I honestly have my desire set on $2.00 before I cash anything out for my extra buys. But I might get week at $1.67 who knows. Probably depends on how much excitement happens. If we ever see the uplisting to QB when price is low, I expect a run shortly thereafter.
What will it take to hit $4 and stay above that price?
If I could go green on anything else I might be tempted to buy more at this price. I was hopeful we would rip the bandaids off like trip said so we can have a turnaround. I am wondering if there is any dip left to this bottom.
If these are computerized trading based on sentiment, and algorithms, it seems like they hit their target, but time will tell.
We’re sitting near a 1.75 x market cap to revenue ratio. It has not been that low for quite a while.
If it goes any lower, more will come.
.445 on the close. Wow.
Timmy, I get the worry. You put a lot in at a higher price and the fear of it dropping is real. The short term is unknown. But even apple dipped to a point a lot sold at $4 a share. Well we are at the beginning of a growing company that has just established a base no matter how costly.
Think of the basics of where they were at .03 cents a share and how much 500MM shares would be worth versus today.
They had to get here fast, and it cost shares and cash. The run to $3 help set a precedent for investors to see the potential.
We will get there again. I may be a longer road until more people believe and realize the bottom has been hit. Once the true bottom has been hit and all belief shifts to going up from there, more will come.
We’ve passed acquisition hell.
The coming quarters will be amazing to watch as they grow the business and expand and all the leadership moves this forward.
They have vision and a mission. My guess is they have a 1BN revenue goal for 5 years or less, and I think they will hit it.
100, 250, 350, 550, 750 1BN
The biggest growth percentage may be this very next year. And if they hit $200MM revenue on even 500MM shares, the price will grow and you’re going to be okay. It may be 1 year away. But then the year after that it will be a relief.
If we hit a 7x multiple on 120MM revenue that will be closing in on $2 as well.
Because less than a year ago the price was .03 and they were not making a lot of money. The warrants are from that time mostly I believe. They may have more to convert but until I see numbers that tell me details on the conversion I have to guess. But even at 500MM shares, if they hit $250MM revenue we hit $2.00 easily and I’m good with that. It may take 2 years.
The toxic debt is not bottomless.
The meaning of goodwill for those interested. https://www.investopedia.com/terms/g/goodwill.asp
I’m glad we are past acquisition phase and hopefully toxic debt soon.
Estimating 450MM shares for future price estimates.
I would love to see an uplist announcement on Monday! That would be magical. I just wonder when it will happen. I mean is it possible they will get on QB this month?
If they don’t get the full 6.0 MM on their books for June. I think they will get more in July and I expect Q2 to hit 30MM and that should turn heads especially if they can uplist before then.
It’s amazing that it is staying this low. But I expect they want to create a slingshot to send this higher when it goes. Like .48 to $5 or something crazy. Even $0.48 to $2.00 would be an amazing ride.
I’m so ready for this to move.
As more people research, more will come. And more of the float will be locked up. And if traders turn bullish, the first ones who turn get the advantage.
How far does it have to go to break support. It’s below... where to now?
Does it have to close at that spot?
I believe!!!
Do not give in to the dark side.
Anger betrays you it will.
Cool, let them win that dip. Dip it to .$0.44 and put your bids at the next support line.
I would not call 45MM (paid to cornerstone) out of 400MM ballooning. They were making 12-15MM which was about 1MM per month. The rest of the company last year was making 1.7MM per month. So maybe 3MM per month for those. I’m expecting to see some increase to 12MM per month as all branches continue to grow. We’ll see more on the reports.
I emailed Dave. It is my first email. I won’t share the email here, but if I get a reply, I’ll summarize.
I do like that they are hitting the 100MM run rate numbers without the last acquisition in the picture. Even if there is any change there, they should be on target to hit the revenue numbers I expect. I expected them to start posting monthly numbers in the 8-10MM range and glad that they have started doing that. As they continue to post sales numbers, they will have good reason for positive PR, and also room to redo this last deal if required.
What this also means is that if this last acquisition is legit, and actually can produce EV charging sales at any significant numbers or if they get large commercial deals somehow from the efforts of the new acquisition it would be on top of the 100MM+ run rate going.
I know we are all looking for updates, but in the meantime, I am glad to see the morning PR about monthly revenue. They may need multiple PRs for June, July and August to show the trend and it is possible they could start hitting 12MM per month by August. That would be massive to see if they can hit that.
And he said 10MM+ because if the one company sold $6.0MM then the rest of the company was on a 50MM run rate before that was acquired. And that confirms a 4.0MM plus per month run rate from the rest of the companies. They went from 2MM per month to 4MM per month and now 10MM per month... and likely with growth will hit 12MM per month during peak sales months.
Could they reach $15MM per month by next May? If they do, the price will take care of itself.
Don’t get me wrong, I have seen what they have put together, and I expect multiple people looked at this deal before it was made. If there is any surprises, I am sure it will be discussed internally. If everything was on the table and they made this deal, I expect there are reasons they believe they will not be impacted by the stipulation in the restraining order.
Even though I did not expect something controversial to come up this week, it happens. And when it does, until it is cleared it will take revenue numbers and growth to quell some of the fears. That may be 2 quarterly reports away. Hopefully one comes this week, and hopefully we get more news and PR where possible. If this is possible to go to court they can’t say much anyway. So we just have to wait for it.
We all know that revenue numbers should be coming out soon. We know EV will take some time to really grow like it should. So I’m still sticking with $125MM revenue as my estimates and expectations until I see clear revenue numbers and details in reports that tell me otherwise.
At $125MM revenue and 400MM shares a 4x multiple is $1.50 which would be good for my numbers. And I think they should get that as the dust settles.
In 2 years I expect $200MM revenue. And expect $3.00 to be hit. So for anyone staying long term, whatever happens with this in the short term will be forgotten as they make $$$
Money and profits and cash flow are the only things that matter.
If they get to positive cash flow and build to profitable status, all will be okay over time.
Chill, I have to respectfully disagree with your approach with the sentiments. I have very real experience with business deals of stocks in the pink area where someone makes a deal thinking it is great but things don’t pan out.
It’s okay to state it. It’s okay to expect a good answer from management. If they are aware of the legal procedures, they also put safeguards in place. As share holders with hundreds of thousands invested, it is okay to want to know these answers.
This company has put together a strong team and if they need another strong leader, then this may be one.
I’m not going to blindly trust anything. Anyone can make a mistake. They may believe in him, but I am not sure what they are doing and no one can be, but this is not a company they bought with a clean history and with any notable google search presence with 35 states. I expect if I search for the name, it should come up in searches. Hell, my wife’s website that makes 0 money shows up in searches by the name. And at the top of the list.
The website is bare with no substance.
So what history do they have on this. And is this a way for them to build their footprint without really spending a lot. I am hoping they did not spend 50MM for this. As I don’t see the substance for it.
But, they are done with acquisitions for a while and they have the team they intend to grow with. They will hire new people. They will open new areas organically. They will grow with this heavy sales footprint. There is likely a reason they are heavy in sales.
All in all, they could pull through this. So I am not heavily worried. But I totally understand calling out concerns and wanting to talk it through with people on this board.
This is not an equivalent to something like cornerstone. So hopefully they did not pay a cornerstone price tag.
Mercutos, I understand. I’ve had SING on my watch list probably that long and never bought anything significant for any length of time. I had hoped for it at one point but they jump around from one hyped offering to another and never had posted revenue reports to support my interest. I stopped watching them closely some time ago. I missed the details of direct solar with them. But whatever the reason he jumped ship, he had still merged his company with SING so they own that IP and assets unless he got out of it legally.
A restraining order to me is significant for a judge to order. The content of it did not seem that grave unless he is using the restricted information to run his current company, and if he is, that can be problematic.
We won’t know until further action and legal proceedings.
In some ways I hope they just settle out of court even if it costs a few million. Just to get sing out of the picture and clear operations for the new business building.
It may cause sing to try harder to get something since the acquisition news.
The only concern I have at all is the restrictions on approaching previous customers of direct solar. If he built his current business on the coat of direct solar versus starting from scratch.
I would have liked him to just take his team and start fresh and build something new.
We’ll see.
I may not hold as many shares as some of you, but I am basically all in again, and was not wanting to see this type of acquisition. I’ve seen my share of deals gone wrong on stocks I’ve held and I am queasy feeling, not as a basher or short, just expressing what any investor with eyes open will feel.
Something feels wrong with this and maybe it’s just a way for this person to get out from a bad place, and move onto a promising company with real leadership. I can hope that the team already knows Pablo from some historical place and see value in what he does as an added player on the team.
A well positioned team can help a situation if the player is the right mix and right caliber person. I’m not sure they are buying a thriving company with this one, so I am eager to hear details.
I have 503,000 shares now. And have reinvested pretty much every thing left.
Minus a few small holdings. This is 85% of my portfolio give or take. And I have high hopes for the company as a whole, and I believe even if this acquisition turns out less than expected, they could still use the skillset and team to build out a robust EV charging division.
Maybe when you’re small you have to make deals and take risks. And hopefully someone on their team knows this person personally and has confidence in him. Also I hope they put in safeguards in all their acquisitions.
I do believe they will be shooting for $200MM in revenue in 24 months. And if they hit that with 400MM shares, they will likely make the $3 mark again. That would be a 6x multiple on 100% growth.
We can hope the industry allows sustainable growth at that level or higher and if it does $0.48 will be history. At $0.50 it would be a 1x multiple for market cap to revenue in 24 months. I expect we could see a spike of 10x again if they manage this situation correctly.
Somehow they have to address this publicly.
They can subcontract to installers. Until they hire a team in the area. Sales is a big piece of the puzzle. And with the network of RoofCON companies, they know a lot of people they can farm work to.
Wow, Mercutos that’s some list of lawsuits going on. I wonder if there will be a settlement just to clear the air. This is potentially a long haul resolution. This can be too distracting.
On a side note, doing a Google search on USA solar networks does not bring up a lot.
Maybe they can make something out of this with all of their experience and connections.
I’m not planning to sell at this price. And I am hoping good numbers start flowing and that they have a decent story to tell about the fact that he built direct solar and I am not sure that’s the same company or a different company? And not sure how they get around not using any customers from direct solar.
We could use some clear answers about this is all I’m saying.
Actually if there is any surprises and they back out I would support them 100%. I have no idea whatsoever about these parties, but I am hopeful they have good legal counsel and I am hopeful that Massey will do the right thing. If they need to cancel it, so be it.
I do wonder how this will shake out. It can certainly cause enough people to not get excited when there is this large of a deal if it goes sour.
If he did no sales as some claim, then it would seem that the customer list isn’t that great.
A restraining order like that is concerning. And Massey and team need to ensure they are legally covered and the contract does not open them for liability and allows them to not pay anything if there is fraud or something amiss.
I would want to know what there agreements contain to protect them.
I agree Spence. Where they are today compared to last year is amazing. As long as they don’t make any mistakes and get into some crazy legal issue or end up with a bad apple before this takes off.
Anything can happen, good or bad. But legal issues can be settled. And if they are against the one person, it only matters if the person has what it takes to resolve issues and stay out of the courts.
What concerns me is if he sold his previous company to SING, he sold all the assets, including customers and connections. So did he sell his previous company and then leave? If so he would be starting over from scratch.
I know at this point there is only hearsay, but this could be problematic if he sold his company which was in all these states and left with proper legal coverage.
Would like to hear more about the facts and not hype or dumping on bad companies. What matters are legalities and what are in the contracts.
Revenue guess for Q1 is 14.4MM