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Is there news out?
Healthy skepticism. That said, technically this is still holding up quite well and indicates healthy near-term potential for substantial gains. Investing is all about the FUTURE. But the past is useful to predict the future. The past that we learned about today, in my opinion, bodes well for the future. From everything that I have gathered, they are easily the furthest along of any of their potential competitors. Two of their strongest points in my opinion, are their intelligent innovation/products/management and their "Tina" status (There is no alternative) with all the potential huge customers. Especially given their purchase of an assembly plant. FedEx, UPS, USPS, and perhaps Amazon, etc. Who else can furnish them a real, long lasting EV product in the numbers they require? (that is a legitimate question for anyone out there that can school me on this.)
Any positive substantial news is going to rocket this stock, as proven very recently.
Thank you longshott. I like the last sentence of post 700. After such a long delay (year and a half) and then going ahead with their own money by doubling the float makes me hazard a wild guess that they didn't have any luck with government sources. Yet. That said, the stock is most likely to stagnate at this level or go up, imo. I can't imagine it going down substantially from here with the steps they're starting to take again. Unless they're fraudulent, of course. According to what they wrote, the five million should last them for about 4 years.
May the Lord... what?
Come on, longshott. Source? Date? Link?
Rek, How much time would you guess it would take to get an answer to this?
You people talk yourselves into some pretty bizarre dot-connecting over many months time. Shaking my head in disbelief.
I agree. Even Dow gave up on this product. https://www.greentechmedia.com/articles/read/dow-chemical-sheds-solar-shingle-business
Someone needs to put this company out of its misery.
Solar in general is a very low margin run-of-the-mill commodity, the ones that make only a little money are the "picks and shovels" producers in this industry.
This company, unless it changes to some other products or business, is toast.
Price of Fannie/Freddie Common Up 35 Percent Since Summer. Credit the RNC?
By Paul Muolo
pmuolo@imfpubs.com
Since early July, Fannie Mae and Freddie Mac have seen the share price of their common stock rise roughly 35 percent on the over-the-counter market, turning these two government wards into some of the best short-term investments among all equities.
Then again, there appears to be no real reason for the run-up in trading price, though observers speculate that a Republican National Committee resolution issued earlier in the year regarding the two might have something to do with it. In that document – entitled “Resolution on Protecting Taxpayers by Restoring Safety and Soundness to Government-Sponsored Enterprises” – Republicans point out that the Treasury Department has recouped its entire investment in Fannie and Freddie and then some.
But more importantly, the document states that the RNC “recognizes the sanctity of property rights in America and acknowledges the need to resolve the outstanding claims of Fannie Mae and Freddie Mac shareholders in a manner that honors and respects the rule of law governing the rights of corporate stockholders.”
The latter statement gave hope to the 30-plus plaintiffs that have sued the Treasury Department (and other government bodies) over a change made back in 2012 to the preferred stock purchase agreements. For the full story, see the new edition of Inside Mortgage Finance, now available online.
Anyone smarter than me know what this portends?https://www.sec.gov/Archives/edgar/data/879911/000161577417005120/s107462_s1a.htm
More dilution But at least some activity is happening. That's good. https://www.sec.gov/Archives/edgar/data/879911/000161577417005216/s107559_8k.htm
Why is it that I suspect much of the delay is because lawyers are paid by the hour?
I have no idea what you're talking about. I doubt if I'm alone in that. Care to explain?
Or maybe just some mischievous fat cat that loves to muddy the water
Freefall. Sustained. must be inside info.
I have no idea what this means and I'm sure I'm not the only one. Could you do me a favor and explain what this means? Tia
I'm glad to see some discussion of timelines but "or early 2018" almost always means at least the middle of 2018 or later. Hopefully not much later than that as things appear to be finally starting to move. Whether the resolution will be in our favor or not is yet to be seen.
What We’re Hearing: The Nation’s Volume Leader in the ‘New’ Nonconforming Is… / Sales Executive Departs / Don’t Stop Believin’ (in Fannie and Freddie)? / ‘Contract Law’ and GSE Common Shares / A Legislative Snafu Called Donald Trump?
By Paul Muolo
pmuolo@imfpubs.com
Inside Nonconforming Markets on Friday published its first post-crisis ranking of the “new” class of nonconforming lenders. The loans include an array of products and are definitely not eligible for sale to Fannie Mae and Freddie Mac. The market leader might surprise you, or maybe not. See INM for more details…
Meanwhile, we heard that a top sales executive at one of these firms recently departed. For more on that story, see IMFnews early next week…
Investment firm Pershing Square had some bad news for its shareholders this week, disclosing in its midyear report that the fund’s investment in Fannie Mae and Freddie Mac common was a dud in the second quarter. But actually it wasn’t all that bad. Pershing – which has made some horrendously bad stock bets the past few years (Herbalife, Valeant) – listed the GSEs as “losers.” Fannie lost 2.6 percent of value in 2Q while Freddie dropped by 1.5 percent…
But there is good news to this story. Pershing reminds investors that both GSE stocks continue to trade “above our average purchase prices of nearly four years ago…” In 2013, Bill Ackman’s fund first disclosed that it owned 9.98 percent of Fannie common and 9.77 percent of Freddie common. And now back to the bad news: Pershing Square owns mostly the “common” and not the junior preferred, which is what Fairholme and other speculating investors own. If there is, in fact, an eventual legal settlement between plaintiffs in the GSE “takings” cases and the Treasury Department, it will be the junior class of preferred holders who might get something of value from Uncle Sam, not the common holders, or so we’ve been told. In other words, the common shares may be near-worthless since they’re not covered by contract law…
And one last note on the topic of GSE common: Pershing’s report reflects share values at June 30. According to our calculation, Fannie common now trades at $2.80, a 20.17 percent improvement since the close of 2Q17, while Freddie’s value rose 21.08 percent to $2.70. For now, Pershing Square is telling its backers that when it comes to the GSEs “there is likely to be significant positive developments at both companies in the short term…”
But before you head to the race track known as the stock market, there is a political wild card to think about: the Trump White House. The president’s comments earlier in the week regarding who was to blame for the white supremacy-related violence in Charlottesville, VA, are causing political allies to bolt. The legislative outlook didn’t look good to begin with, but if Republicans, including key senior staffers, continue to abandon this president, the passage of any type of legislation might become even more problematic…
Other than making money on the spread, you lost me on that one. Do you have time to explain yourself better? Tia
LOL. It's almost 5 months.
Didn't Berkowitz say 5 years?
Where do they get their flexible solar cells?
I hope you're right, but through the decades, there have been very many rich people who have made colossal mistakes with their money. It happens pretty regularly. 20 million is chump change.
However if asti doesn't go bankrupt it has a chance to go up in mkt cap if they don't reverse split.
The one thing that today's action shows is that there is plenty of money on the sidelines, with a finger on the trigger. It's still a coin toss, imo but it's clear that you don't want to be even a few minutes late if/when the news breaks. I wonder how much this can move up with " just in case" bets being placed?
I have called twice in the last few months with no response. I was wondering if anyone else had gotten any response from our "public" company
Anyone here know of anything at all happening with this company? Does anyone know how to get ahold of them? Has anyone observed any hints of life with this company or know of any knowledge public or private concerning this company you're willing to share? tia
Last one outs a rotten egg!
So how many orders do you think they'll get out of this? One? Two? You don't want to have just one major customer much less one project of one customer. How is this sustainable?
Thanks for clarifying. I thought you were saying you were Miss America.
Why in the world do all of you people bother to respond to this guy?
Thanks for the good articles. I will read them when I get time.
Yeah, and I think his idea of going to Mars is without good reason. But that is his own idea and not from his people, I think.
Well the devil's in the details. If you're only putting out half the wattage you will have to install twice as much surface area to get the job done. With silicon panels if any part of it is shaded the whole panel goes down. If a similar situation exists with cigs panels then placing them on vertical walls or doors on the sunny side of a house will always have shade at some some part of the day. I think skyscrapers are one of the few places that application you describe might have some modest success. And then good luck trying to service/replace them.
In fact that is the huge problem with any building integrated product easy to access or not.
Elon Musk hires the best in the world. It's silly to think that they have not thought of what we are talking about and I would not bet against them.
And of course Ascent's niche now is with a lightweight application such as is used in space. But there is no volume sales there.
I think our only chance lies with that new scientist they hired coming up with something revolutionary before they run out of money. The problem might be believing him if he does. Especially if he comes up with something just in the nick of time.
I don't know how to interpret that. That's confusing to me.
I don't have the specifications in front of me but I suspect his solar shingles will put out double the wattage of ascent solar's solar cells. You only have so much roof space. Most homes.... in other words not huge mansions.... need to get as much wattage as they can and a cigs panel won't cut it with present technology. Does ascent have a building integrated product? Their website is still down so I can't check. I don't remember seeing a product as you allude to.
Those "big giant panels" put out a tremendous amount of wattage more than this companies solar cells, per square foot. And you don't have to worry about wind nearly as much. If you're limited in your space such as a rooftop you're much wiser to get traditional silicon solar panels.
Google and their website are your friends.
Wow, one of the (or only?) top 50 largest shareholders owns $541 worth of this stock! That is amazing news!
One thing that DOES happen every time is a rehash of the discussion of gaps every time there is one. Ad nauseam.
Haha ! That's what makes a market I guess. Because I am convinced that taken in context, it is just wishful thinking.