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The report is for the full quarter. The revenues can only be included from the date of close, 2-19.
Everything for Gerpang is included. All sections of the filing clearly include Gerpang.
Here is a sumary of the Balance Sheet and Income Statement:
12-31-19 3-31-20
Assets $999,464 $6,340,602 $5,341,138
Liabilities $3,854,607 $346,769 ($3,507,838)
Equity ($2,855,143) $5,993,833 $8,854,976
The increase in Assets and Equity were the Gerpang transaction. The liability reduction was discussed in the filing.
Revenues $82,357 $3,612,692 $3,530,335
These revenues are from Gerpang from 2-19 to 3-13. If you annualize these revenues, it is approximately $29MM. This is much lower than previously discussed as Ceo mentioned Covid-19 effects. Can we please end this discussion and start talking about the opportunity ahead.
There isn't any question that the filing included Gerpang. I don't know why there is any question regarding that.
Trying to rebalance , have too much and always try as take some off the table at +100%.
Very strange. I had a sell order in at.05. They filled it at .0559, almost the ask. Any thoughts?
Seems to be heading that direction. I'll be adding at 4. Shame on me for not taking some profits over 10.
Strange, I've had an order in above the ask for the last hour that hasn't got filled.
I would think they already have môre than enough votes for a rs. Not much any of us can do about it.
Conservatively 1x revenue is no where close to $2-8.
That would be on track for $60MM in revenues. They did $21MM in revenues for the 9mos ended 9/30/19. I look forward to seeing what the numbers look like for 12/31 and 3/31.
That would be on track for $60MM in revenues. They did $21MM in revenues for the 9mos ended 9/30/19. I look forward to seeing what the numbers look like for 12/31 and 3/31.
OC, How are you arriving at the 100MM in operating income?
I see clay showed up today. Kiss of death! That’s my sign to get out. I’ll look to an exit tomorrow and re-enter after he leaves.
I think I am at the end of my rope here after 3+ years and looking like were aren't anywhere near resolution. My shares are effectively free after selling 1/3 in May19. Too many other opportunities to have this dead money sit around for another 12 months. I think the thing that irks me the most is complete lack of communication from the company. As a public company, should be at least minimal communication. Wish everyone the best!
Where's all the love for this stock?
I'll wait for .01 or testing the low at trips8. Then I'll load.
Not sure what you point is. Are you saying everyone is entitled to a great return? Are you blaming the company for your or anyone's decision? Are you just trying to be a good samaritan and save people from their decisions? Not sure why you're posting?
Sitting with a 50% gain on free shares. Doing just fine. looking to add back below 1.
Correct, and it was .0008 two weeks ago. Great return from there!
Have you done a calculation. You might want to perform a forgiveness calculation. It is definitely NOT next to zero. I have performed hundreds of them and it is closer to zero that there is 100% forgiveness. Tell me how you can spend the 2.5x allowable expenses in 8 weeks.
Let's not jump the gun here. The loan forgiveness has not been determined yet. How much and how it is used over the 8 weeks following receipt of the funds will determine how much is forgiven.
I agree with everything you said. I just don't see positive earnings anytime soon. Loss of > $3MM from operations in QE 9/30. At 19% margin, that's a lot of revenue to crack that nut. I am confident this team with improve the margins going forward. The PR sated the QE 3-31 will be out in mid May. Why hasn't 12-31-19 been filed?
I agree that the revenues are there and growing, which is awesome, but, it doesn't matter if their revenues are $200 million if they are losing $30 million.
I know how it works. These valuations that are being posted on the board to arrive at a share price are nonsense. They are years away from being able to use PE as a valuation method.
You state the company reported $2.62 EPS. I don't find any reports or filings that state that number. Their last 10Q is for 9/30/19.
Where do you get EPS of $2.62? What am I missing?
Maybe, brke my golden rule yesterday by not selling half to leave all free shares. Would'nt have needed anywhere near half to leave free ones. Guess I'll wait to see if we get a blowout drop.
Looks like were headed to the 2's shortly. that'll put me red. Not sure I want to ave down on this one.
I hope achieving profitability is one of there objectives.
Please let me know how you came up with $30MM a quarter?
Wow, this has just gotten hammered. Back to Oct breakout levels. Let’s hope it holds.
There's everyone wish for $1/sh!
Not sure where this leaves this. Seems like it gives shorters, etc. more reason and ammo to hit the stock. Company performance is the best way to beat this.
Now to figure out what my entry point is. I am leaning toward about .75. My starter was at 2.14 so I should be able to get my average well under 1.00,
I began a starter postion a couple weeks ago. Looks like I was a little early. I planned on adding quite a bit but at this point I'll wait to see where this settles. If it doesn't hold 1.77, I look for the 1.20's coming up at an accumulation area.
What are you referring to that the price has to be $5. The minimum share price for listing on the OTCQX is $1. QB is .01.
Looks like he posted this afternoon.
We had a very productive call today with OTC Markets. We have their concerns. We just need to correct some inconsistencies in our financials. It will take us about a week to correct. Will issue a press release on Monday. Getting everything back on track!#Solar #NASDAQ #WEWILLWIN
— Solar Integrated Roofing Corp (@SIRCStock) January 17, 2020
Thinking about doing the same. Very disappointing.
Huh? They have been making money? According to their latest report, they lost $144k on $275K is Sales AND, apparently, the product they sold was free since they didn't have any cost of product.
What would they use to buy back shares?