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Correct, back last year. I did my time and have been in good standing since my privelages were restored. Why am I now back in bad standing, have followed the rules. Why weren't Rick"s many posts taken down when they were personal attacks - very nasty and nobody did anything even when I followed the rules to have them deleted. And now I am punished. This isn't right.
This was last year - I had my posting privelages reinstated as I was determined to be on good behavior. I have been playing by the rules after gettiing reinstated. Few if any deletions since being reinstated.
Thanks Shelly.
Status of financing? Status of securing a facility? Status of the site visit from last month?
Would likely violate the fiduciary responsibility of current management should they do this for one shareholder.
Or possibly they need 6billion authorized to award to investors/restricted holders so they can sell for a fraction of a penny to recoup their investment. Maybe they are impatient knowing they will never sell restricted shares at what their expectation was when they invested. So instead of selling 100million shares at a dime they will sell a billion shares at a fraction of a penny. Guessing here.
Unless it was stipulated in an LOI to acquire and contingent upon closing. Could have even been contingent upon signing an LOI to preclude wasting time and money on DD etc if approval could not be secured. Typically they will include non competes, acquisition price etc.
If so, then they might have a suitor lined up. Purely speculation on my part.
Beginning of dump? News now might be only savior. Step up Bhpa, update shareholders.
Crypto is gone. Looks like a shell.
Yes, the outstanding share count is currently relatively low. We were talking about when the shell is sold. The authorized shares could be issued resulting as the prior authorized was less than a billion. Then after issuing down the road they could do a reverse when the outstanding approaches the 6b authorized.
Ugly potential picture.
Agree, 6 billion to use as a currency which would absolutely dilute investors. Then a reverse split on outstanding shares while the authorized would remain at 6b shares. It’s a cash machine.
That’s correct. Increasing the authorized could make the shell look more attractive. They have secured approval for the 6 billion, authorized are typically not subject to a reverse split, the 950m authorized was too low etc. A potential buyer will look at the 6 billion authorized coupled with the low float and will begin salivating. Appears to be all about marketing the company to sell.
With 6 billion now authorized who the heck would want the shell, except someone that would want to sell the 6 billion shares.
Doubt it will stay low, why else increase the authorized to 6 billion.
Now for the float:
OTC reports it as 37m.
Bhpa in the 1/31/2024 quarter ending to be 14m.
Pick a number, any number.
Looks shady to me.
I am done. The bullshit quarter is a joke. I still don’t think they have the float stated correctly. And the authorized to 6 billion. That’s a joke. Oh, and it appears they have dissolved the company of any business.
And they will soon learn that investors will sell and move on. Who in the hell do they think are going to buy 6 billion shares. Stupidity.
Last ones out turn off the lights. What a POS.
This is old data, here is the latest quarterly. Authorized is now 6 billion shares. Lots of changes compared to the share structure you show from the otc - it has changed significantly. FYI.
https://www.otcmarkets.com/otcapi/company/financial-report/391729/content
Maybe, or is it that others perform dd to educate themselves. Interesting concept, might give it a try Ricki.
I support you in your efforts. Good luck.
Nope, the truth shall set you free. Isn’t that in the manual you reference, Oh my…….
Is that in the manual. Seriously, did I make it in the manual. Is this the muppet section or the “l have nothing to offer but call others names” section? Again, best night ever. And Ricki, please don’t lose that number………. Lmao.
Omg. And now a reading from the Operating Manuel. Best night ever. lol.
Gee, are they both related. Maybe we can get Foreign to make an appearance - The Three Stooges. Lol.
Oh come on, thought you were pro snpw. Have you changed your tune, music sure sounds like it. Oh my Ricki. Ps. Share you DD with the board. Waiting…..
That’s what I thought, talking with yourself again. Oh Ricki, don’t lose that number. Lmao.
You only blab to disparage. Do you have anything of value to contribute? I seriously doubt you know very much about snpw, at least you sure don’t act like it. Do the dd and then join the conversation.
I like it. Straight shooter.
Eactly, what a mess. What's your tale for us lonely, and foolish, shareholders?
I also don't understand how as of 1/31/2024 there are "Number of shares in the public float: 14,743,249 as of date: January 31, 2024" And then OTC reports "Float
37,636,184 as of 11/17/2023. What the hell.
I do not understand preferred shares - it doesn't appear they have any yet they talk about the "C" shares, their rights etc. do thy have preferred or is all commons at 6B. The report seems screwy.
Horible news. 6 Billion commons, no busiiness and it appears they are running for the hills. What a crock of shit that is going down.
Yes, it does. Another reason why being late to the party will make it increasingly difficult to be a player in this market. Any updates on snpw securing financing, a site etc?
US solar dominates new build as developers widen search
Really, then if you did the opposite you would be down over 97%. Might be best to check the numbers prior to making such a claim.
Gee, that’s a shocker - not.
Omg. Now you want to talk about the 14c. lol.
So why your concerns may have merit they do not matter to an SNPW in the short term.
US companies in the same boat except for - customers, products, facility, financing, currently active in market etc.
Suggest you research how the US companies are doing.
Still, the residential solar industry is floundering. In late 2023 alone, more than 100 residential solar dealers and installers in the U.S. declared bankruptcy, according to Roth Capital Partners—six times the number in the previous three years combined. Roth expects at least 100 more to fail.Jan 25, 2024
Not if you are seeking financing.
Layer four sales and revenue vs cost only then does your concerns come in to question.. The great unknown.!
And this doesn’t help.
Still, the residential solar industry is floundering. In late 2023 alone, more than 100 residential solar dealers and installers in the U.S. declared bankruptcy, according to Roth Capital Partners—six times the number in the previous three years combined. Roth expects at least 100 more to fail.Jan 25, 2024
That’s incorrect, it does not apply to all US solar manufacturers. Most, if not all, have 1) their product portfolios that have been in manufacture for years plus 2) a current customer base 3) a sales and market team etc. snpw is behind in the game. It doesn’t appear they have financing, a facility, a marketing team, etc.
So what is the win strategy- price? Technology? Whatever, it is going to be highly competitive. China owns 78% of the market and they aren’t going to give it up easily. The tariff, that could go away with a swipe of the open whereby China subsidizes this cost - they will defend this market vigorously. On the tax credit for buying from a US, this is only 10%. Might be better to pay the lower cost of offshore product.
Solar is a very competitive market.
Nope, just the opposite. I want manufacturing to come back to the states. This would be great for our country.