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If you believe this will get pumped back to 2.00 do you buy in this range or do you think it will drop lower and get back in at a better price?
20k shares trade today with zero movement... bizarre...
Maybe so, but i can't touch my current shares fivestar :(
Told 1 to 2 weeks here for Etrade to receive the paper stock as well. I'm guessing the price will dip dramatically once everyone gets a hold of their shares and tries to dump.
Maybe because no one can access their shares to sell? I still don't see my shares on my etrade. I'd love to get out over 2.00 if I could just to let things settle.
Has this started trading yet? When does it start? I still see SOLM shares on my portfolio on etrade with a value of zero. When will that covert over to TECZ and start trading?
Which is a good thing for low volume high margin products like power supplies and solar.
Are we changing to a new board or can this one be renamed to Technipower (TECZ)?
It all boils down to SOLM (now Technipower) coming forward with some transparency and a plan moving forward. If they used all these PRs the past few weeks to get this thing close enough for the RS to take place then just sit back on their asses this will die a horrible death.
Two things need to happen
1) plan moving forward (Outstanding shares? Financing? More debenture shares? whats going on)
2) Continued good news about contracts/products focusing on the Technipower brand they have adopted (Solomon is now known as Technipower).
These things happen and the RS will not adversely effect the stock and may help in the long run with investors. These things don't happen and everyone will run for the hills and we're back at pennies in a few months.
So Instant Solar + Battery == Mobile off grid Instant Solar?
Heh, they really are trying to milk this one now. They need to start selling these things or it will all be pointless.
I'm sitting on 'free' shares at this point so I'm not concerned. Everyone around here saw this drawback coming at some point. I think holding at .02 for the day was pretty good sign that there are still buyers out there with money waiting to get in on this stock. That leads me to believe its only a temporary setback and will continue back up though it may be slower rate than what we saw the previous 2-3 weeks.
Any price tag for such a kit too? Basically it needs to be affordable enough that an average homeowner can buy it and simple enough that they can install themselves or for a nominal fee (<200 bucks).
Also they at least have enough money to start making these things on their own without a sale? Press release just to say that you're using your own product is kind of weak, but I like that they're actively making some waves to generate interest. Something they should have been doing ages ago. This is basically the PR ramp up I expected prior to the July 1 reverse split.
I agree. I don't see how there can be a RS at this time without a new vote. This PR action is the type I expected to see BEFORE July 1st so they could effect the RS but thats gone now. Also you can clearly see that they're still referring to this Company as Solomon and not Technipower as they were planning on changing the name in that same vote. It would seem that all three of those actions are dead (the RS, the change in outstanding shares and the name change). The only question is, where do they go from here. Do they try to bring up the same vote in the future? Did they restructure the debt to clean up the balance sheet? Did they get any funding? Its hard to know anything without them reporting but it certainly looks brighter now that it did back in June when the RS was staring at us in the face.
The question is how does this relate to the article? Did they interview her randomly or is it tied to Technipower because of the program (commercial grant program) benefits Technipower's expension which is mentioned in the last sentence (Expansion planned for Technipower in Danbury). How does one comment, The restarting of the programs, and Expansion planned for Technipower in Danbury relate? Very strange stuff indeed.
The Connecticut Clean Energy Fund, a Connecticut Innovations initiative encouraging alternative-energy use, in July restarted its residential solar panel rebate program once federal stimulus dollars came through, said Emily Smith, Connecticut Innovations' managing director of external relations.
"Solar power is very, very popular," she said, adding that 40 applications have been received and the commercial grant program should recommence in about a week.
"Funding from the federal stimulus package is allowing us to restart both programs."
This makes it sound like Emily Smith made all these comments. Do you agree? Actually sounds like she's talking about her organization and NOT Solomon/Technipower. Hrmm... poorly written article I think.
I saw that line
"Funding from the federal stimulus package is allowing us to restart both programs."
and almost wet myself that is such good news. If they got enough from the fed to clean up their balance sheet and prevent them from needing to pump out new shares to pay for things then this baby should be in the multiple pennies quicks. If they start reporting again and get relisted then this thing can take off that much more.
Pretty slow volume since about 2-3pm yesterday. I guess the major interest from the PR's has died down. Hope we don't see price deterioration as a result. Need... more... action.
2 millions shares trade at >=.0025 today. Seems to be some interest kicking back up with the lawsuit noise. Maybe this thing will finally wake back up?
Does seem to have some nice volume today... perhaps because of this court doc... Now if only we could see some real momentum in price.
I interpreted as either party could refuse to let it go a magistrate judge and force a jury trial. They both agreed to let it go to a judge rather than a jury trial. Thats more or less the take out of that. So no jury for this... i would THINK that Solomon would prefer a jury? Perhaps this is quicker/cheaper option for Solomon? who knows...
Yeah I was curious what happened... normally you don't see an arbitrary 40% drop like today without something going on. I'm concerned a bit that people know something I don't (which is NOT rare)
Agreed on your assessment fivestar. Really a crapshoot at this point. Anyone following along at this point has to be pretty skeptical of anything this company does. They still have those patents but unless they have the financing to continue to operate and try to accomplish something with them they are going to continue this lame duck period. Basically any investment in SOLM at this point you have to go in expecting that the money just may disappear completely. There is always that chance they turn around and give you a 10-100x multiple back if they actually get their shit together though. What those percentages are though are anyone's guess.
What are the odds that they don't do it based on the lackluster trading of the past 2-3 months? I mean if they're doing it to raise more money they need to do SOMETHING to make people want to buy not just up the share price. Higher share price (even temporarily) would give them no new influx of cash as the buyers just aren't there. I can't see them deflating the stock even more just because as it makes no economic sense for them. Does that make sense? Something needs to happen in the next week that gives them enough momentum to generate interest or its all a lost cause.
That didn't seem to last too long. But half a million shares purchased > .004 shows that someone somewhere has interest in this thing. Not one of those 1k share trades to try to manipulate the price.
Thats quite an ouch there. Must have been desperate. Were you the lucky recipient?
The volume is complete gone now... only 85k shares today? Is this because of the 'E' ? Price is still stable, but just no volume at all.
Fivestar? Ben? are our mods completely gone now?
10K due today? Still no word on that? Where did everyone go? 2 days without posts... maybe everyone died of boredom watching this stock.
More good buying today... This thing is just begging to pop up on any kind of good news.
Well it may be too low, but perhaps they have no other option now but to cut it loose to clear the debt. It would be an admission that they made a mistake to acquire it in the first place, but better that that them going bankrupt due to their debt load.
It does seem strange that they would want to change the name to Technipower if they had intention to sell that part of the business.
If they truly want to turn their patents into products then they will need the funding to do so. If there is no source of outside funding, then they will need to sell what assets they have in a deal such as this.
Well something has to happen EVENTUALLY... right? zzzzzzzzzzzz
Looks like someone is manipulating the share price down with small volume trades. I don't buy it, looks like a desperate attempt to push it down, but unless the news broke and its negative there is no reason to expect that decline to continue.
We hit open without any notification of what happened in yesterday's meeting? That is not good, would love to know what was said/done. At least the open seems to be stable and up still. So no overabundance of profit takers bailing out on this run up (yet).
Meeting minutes? Any word on what happened today and what was said? Will there be a PR or filing to go over what was covered?
I just hope for good news, I'm tired of seeing this much red in my portfolio ;) Good luck all. Unfortunately I have meetings the rest of the day. Please share if you get any updates! Thanks
Definitely some excitement by someone going into this meeting. Question is, is the excitement rational? Perhaps someone betting that the RS gets struck down?
Anyone actually going to this thing? Is there any kind of conference call that we can connect to since obviously its hard to fly to Connecticut for this thing.
I don't know that they would rescind the RS even with this news. Maybe this news is what made them think it would be .05 before the RS giving them a share price of $5 after. I don't see that happening but I could see .02 -> $2 for the pre-post prices. Granted that 2$ might slip quickly with the AS still as high as it would be. Then again with no more debentures selling in, it may be able to be stable at that price, and only have minimal dilution. Wait and see I guess, but I'm definitely not as hopeful about this stock as I was 1-2 months ago before the RS talk. Lets just hope there is stellar news lingering to wake it up.
Maybe he bought lunch and they wanted to pay him back?