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Did the big block at .0249 disappear?
MAXM got his 250,000 shares, need follow through from more buyers.
It's uncanny how poorly managed this has been. A slightly above average ceo could have rallied this to 50 cents, a good one would have gotten it to a dollar. So much wasted potential it is sickening.
It takes talent for a CEO to run a stock into the ground and keep it there when hundreds of millions of dollars are pouring into this industry at this time.
Are you the only one buying today or were there others?
I think so. I'd like to believe there is a merger-acquisition or news about business expansion underlying this move- just more wishful thinking.
Company changed accountants.
http://www.sec.gov/Archives/edgar/data/1402857/000107878211001699/clearskies8k062211.htm
Riverside Partners' Portfolio Company, Alteris Renewables, to Merge with Real Goods Solar
Bill Yearsley Joins Real Goods Solar as CEO
BOULDER, Colo. and WILTON, Conn., June 23, 2011 /PRNewswire via COMTEX/ -- Riverside Partners is pleased to announce that its portfolio company, Earth Friendly Energy Group Holdings, LLC, d/b/a Alteris Renewables, Inc. and Real Goods Solar, Inc. RSOL -0.37% have entered into a definitive merger agreement to create a multi-state solar integration powerhouse. During the twelve months following the merger the combined companies expect to report revenue approaching $200 million.
The merger will bring together two pioneers and leaders in the solar industry, each with more than 30 years of experience in their respective markets. Combining a widely recognized and reputable consumer brand with a premier commercial customer base, a strong array of financing solutions and in-house engineering expertise, this merger will create a leading renewable energy integrator. Real Goods Solar will be well poised to capitalize on strong solar installation growth with more than a dozen offices, covering both coasts with national design-build-finance-operate capabilities.
Real Goods Solar also announced today that Bill Yearsley has joined the Company as CEO and has been elected to the board of directors. In his career Yearsley was Chairman and CEO of the Construction and Aggregate Group, and an Executive Director of Redland PLC, a $4.2 billion revenue company traded on the London Stock Exchange. Redland had over 20,000 employees operating in 34 countries in the construction contracting and materials sector. Yearsley also has extensive acquisition experience, having completed over 40 transactions and was very active in finalizing terms of the Alteris transaction. Yearsley is also an early investor of a fund that develops utility grade biomass electric generation plants in North America. His residence located in Colorado produces most of its electricity from a hybrid system comprised of wind generation and photovoltaics.
Reporting to Bill Yearsley will be Real Goods Solar's President, John Schaeffer, who will become President of Residential; Alteris' Head of Commercial, Ron French, who will become President of Commercial; and CFO, Erik Zech. Steven Kaufman, current CEO and board member of Alteris, will join Real Goods Solar's board and will leave his operating position at Alteris. David Belluck, Chairman of Alteris and General Partner with Riverside Partners, based in Boston, who is the controlling investor of Alteris, will also join Real Goods Solar's board. Jirka Rysavy, Chairman of Gaiam, Inc., will continue as Real Goods Solar's Chairman.
"Riverside Partners' vision for Alteris, from the inception of our investment, was to create a leader in the solar industry with a national footprint. Real Goods Solar is the ideal partner for Alteris because of the highly complementary strengths of the two companies and the shared values and culture of the two organizations. We are looking forward to a long and successful partnership with the Real Goods Solar team," said David Belluck, a General Partner of Riverside Partners and board member of Real Goods Solar.
"I am excited to join Real Goods Solar, the pioneering solar company in the United States," commented Bill Yearsley the new CEO. "Our ability to execute projects successfully is highly dependent on human resources, our most important asset. Having the opportunity to bring together two very seasoned management teams positions our organization well for the future. The organization we are building will now be capable of providing integrated national project delivery. This is an industry that is built around constant change and I look forward to a program of well planned profitable growth both organically and through acquisitions."
"Together, we are a much stronger company with a better ability to compete in the market that we established when Real Goods Solar sold the very first solar panel to the public in 1978," said John Schaeffer, President. "We can leverage our complementary expertise and geographies to accelerate the adoption of clean energy across the country. With the U.S. solar market projected to grow fivefold from 2010-2015, our Company has plenty of opportunity ahead of it."
http://www.marketwatch.com/story/riverside-partners-portfolio-company-alteris-renewables-to-merge-with-real-goods-solar-2011-06-23?siteid=bigcharts&dist=bigcharts
Is a period of tight price closes in a low volume trading range a good sign? Big sellers are gone, holders are waiting to see and buyers are on the sideline- but someone wants it to close just under .025 every day- smart money or just one of us?
How did they find a photographer?
They keep painting the price around .025 after sales- this happens in downtrends to suck in buyers but in a sideways trading range I don't know why they would do it unless they needed the price to average so much for so many days to get a deal done. Just wishful thinking.
That's why something has to start the party like a merger-acquisition or opening a market in Asia- although if a "famous short seller" is badmouthing solar stocks it is probably to suck in more shorts so he can cover before the squeeze.
I just think the stock is going to disappoint until one day it explodes. I hope we all can survive to reap the eventual profits.
Just an opinion- could be soon, or not.
Mapping Sun’s Potential to Power New York
http://www.nytimes.com/2011/06/16/science/earth/16solar.html?_r=1&ref=solarenergy
By MIREYA NAVARRO
Published: June 16, 2011
Two-thirds of New York City’s rooftops are suitable for solar panels and could jointly generate enough energy to meet half the city’s demand for electricity at peak periods, according to a new, highly detailed interactive map to be made public on Thursday.
People interested in solar power can now check the suitability of any city address for solar panels and what their impact would be. Details are also available for properties that have panels, above.
The map, which shows the solar potential of each of the city’s one-million-plus buildings, is a result of a series of flights over the city by an airplane equipped with a laser system known as Lidar, for light detection and ranging.
Swooping over the five boroughs last year, the plane collected precise information about the shape, angle and size of the city’s rooftops and the shading provided from trees and structures around them.
The map is at the Web site of the City University of New York. City officials said the information should advance efforts to increase the city’s reliance on solar power as part of its energy mix, reducing the metropolis’s greenhouse gas emissions.
“The quality of the Lidar information is so remarkable that it will much more rapidly unlock usable sites,” said Stephen Goldsmith, the deputy mayor for operations.
Over all, the images show that 66.4 percent of the city’s buildings have roof space suitable for solar panels, said the CUNY team, which developed the map in partnership with the city and the federal Department of Energy. The rooftops could generate up to 5,847 megawatts from hundreds of thousands of buildings, the team said, compared with the negligible 6.5 megawatts yielded now from about 400 installations.
At those output levels, the panels could meet 49.7 percent of the current estimated daytime peak demand and about 14 percent of the city’s total annual electricity use, the officials said. The figures consider typical weather conditions.
Yet harnessing solar power also involves overcoming barriers like the upfront costs of installation, the availability of installers and the ability of utilities to integrate solar power into their grid. Solar power is projected to grow into a $12-billion-a-year industry this year, according to the Solar Energy Industries Association, but the sector is still in its infancy.
Nationwide, the installed solar capacity is just 2,300 megawatts, less than half the rooftop potential of New York City.
“We’re just really beginning,” said Rhone Resch, president of the trade group.
The solar map will allow New Yorkers to type in the address of a building where they live or work and find out how much solar power the roof can yield and at what cost. The Web site indicates what government financial incentives are available to help cover the costs and calculates how long it would take a building’s owner to recoup the costs in energy savings.
For the more environmentally minded, the map also shows how much carbon dioxide emissions each property would avoid, in pounds and by the number of trees that, if planted, could absorb that amount of emissions.
The solar map alone cost $210,000 and was financed by the federal Department of Energy’s Solar America Cities program. The city provided $450,000 for the Lidar flights.
Lidar produces images of structures, trees, wetlands and other surface terrain by shooting laser pulses from an aircraft and measuring the time it takes the pulses to bounce back. Its data will also be used to update flood maps.
More than a dozen cities already use similar maps, although not necessarily prepared with the Lidar system, and some of the maps have contributed to broadening the use of solar power. In San Francisco, the number of solar installations on private roofs rose to more than 2,300 this year, from 551 in 2007, when the solar map was introduced along with financial incentives like tax credits and rebates.
“It’s sort of a one-stop shop for people to understand what the technology is, does it make financial sense, are others doing this,” said Danielle Murray, the renewable energy program manager for San Francisco’s Environment Department. “You realize that you’re not alone, and that it’s a smart investment.”
In New York, David Bragdon, director of the Mayor’s Office of Long-Term Planning and Sustainability, said the city could realistically add “thousands of megawatts” in solar power.
To that end, Mr. Bragdon said, it has been working on streamlining the installation permit process and relaxing building regulations to accommodate the panels, in addition to pursuing larger-scale solar projects at landfills and other sites.
Officials with Con Edison, the utility that supplies electric service to most of the city, said they were developing a centralized Web site to reduce the cost and time of going through all the paperwork required to install the panels, which currently can take up to a year.
The city had already identified some “solar empowerment zones” where solar energy would be most beneficial, based on growing demand for power and other factors. The solar map now will offer roof-by-roof information within those zones, allowing planners to locate and aid owners in areas with the highest demand on hot and sunny days.
“This map can serve as a key foundation toward building a new infrastructure, a clean energy infrastructure, for New York City,” said Tria Case, the director of sustainability for CUNY.
A version of this article appeared in print on June 16, 2011, on page A31 of the New York edition with the headline: Interactive Map Shows, Rooftop by Rooftop, City’s Great Potential for Solar Power.
If Google is backing Solar City projects for $280 million, is there a similar funding deal in the works for CSKH? The stock is acting like it is waiting for something to happen.
If large companies and investors are holding a lot of cash, as it has been said, and the US dollar is falling so there is pressure for them to put it somewhere to get a better return, gold is not cheap, bonds are risky- that seems to be why Google put money into solar. Maybe this will be the spark needed to overcome the inertia.
As soon as this was written someone sold at the bid----
Samsung is Korean.
Some of us have speculated on the possibility of this company CSKH partnering with a larger entity- its solar business being acquired since it seems undervalued, or licensing or selling xtrax marketing rights. The ceo told a shareholder the market for xtrax was not large enough to be interesting to Toshiba. The company has patents for xtrax in Hong Kong and Beijing.
If you are hinting you heard something, good for you, I hope you make the correct choice to buy, sell, or hold.
I'm holding- not as many as updown but enough to make a difference if the stock would get off its ass.
Red candles have been followed by good news will it happen again?
Lemmings don't see it, etmm offer at .0275.
I'm not selling until I step in from of VNDM at 1.009 .
$29000 for a million shares will seem like a bargain soon enough.
It will move up but the few hundred thousand shares in the way will have to be bought up- one or two buyers could do it.
If the $1.5 million per month (approx) model is from New Jersey and Pennsylvania, and they strongly imply they can duplicate this in other states (California, Hawaii, ?Texas) then sales could be $4-5 million per month by year end 2011, making this a 30-40 cent stock (1x current-projected revenue) without any other good news like XTRAX or large commercial projects in the Mojave Desert.
Yes it is all my opinion but people on the sidelines need to wake up.
2 1/2 cents a share with 200 million shares is $5 million = 1x last year's sales. If current sales are $7 million for 5 months and they anticipate 30% of $36 million in process (and they are probably being conservative to not disappoint again) would mean annual sales of $17-18 million for this year so a revenue growth of $250,000 in 2009 to $5 million in 2010 to $18 million in 2011 should earn a higher revenue multiple than 1x last year's-- even at 1x current year revenue $18 million would be 9 cents a share and the growth rate should lead to a spillover on the upside-- presto: 12 cents a share.
Just on sales growth this should be 9-12 cents now and if they announced a home run, like marketing Xtrax in Asia or re-starting the Mojave Desert project, big upside.
Is it cheaper to release them at that time?
Do you know something or just being optimistic?
The chart doesn't look all that bad to me- it crashed in 2008, had its own bear market rally July-Oct 2009, bottomed in 2010, had short rally attempts in July and October 2010 which were different-- the one in July was met with immediate selling, the one in October lasted a little longer. A more steady rally followed in March 2011 followed by the Ezra "oops-my bad" sell off in April. Now volume is making a comeback with a flat price (and the ultimate oscillator is rising, if that means anything). It appears primed for a real price advance, as others have been saying, if there is real and significant business growth, and they need to stop selling private placements at 2 1/2 cents. Time will tell if these managers have what it takes to make a successful stock. Sometimes they appear capable and other times they don't.
Size of the big block overhang is falling, are the numb nuts sellers throwing in the towel and selling the bid?
Probably the ceo who wants to regain investor confidence has a fund willing to buy a private placement at 2 1/2 cents so there was selling by magic forces to get the price down to that level.
Sometimes a red candle precedes a rally but this thing is so lethargic it would surprise me if that happened.
Knowing everything available about this stock, the "missed" guidance for 2010, no revenue for Q1 2011, solar panel manufacturer stocks are not rallying, oil companies control our government, ---
were today's buyers smart or stupid? Somebody knows something IMHO.
Disappointing but not a surprise- the stock is anticipating the future for the past 3 days.
NITE is abbreviation for Knight Securities, a market maker, meaning the middle man in otc trades- they are supposed to make the market more liquid. What I was referring to is they have been consistently selling to keep the price around 2 1/2 cents until today-