Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Next question: This thing going up or down. Unfortunately I am getting tired of this one. Been here for over a year. Keep averaging down only to have to keep averaging down. Im not bashing only stating facts. Thanks.
SNRY: Record year end results:
Solar Energy Initiatives, Inc. Announces Record Results for the Financial Year End 2010
Solar Energy Initiatives (BB) (OTCBB:SNRY)
Intraday Stock Chart
Today : Tuesday 16 November 2010
Click Here for more Solar Energy Initiatives (BB) Charts.
Solar Energy Initiatives, Inc. (OTCBB: SNRY), with businesses in solar project development, distribution and workforce training, announced revenues of over $4.6 million for the year ended July 31, 2010.
"The previous year was a period of market expansion, operational growth and escalating top-line financials," said Mr. David Fann, CEO of Solar Energy Initiatives. "In addition to breaking ground on municipal installations, Solar Energy Initiatives opened its second certified solar training school in South Carolina, received approval by the Florida Department of Business and Professional Regulation (DBPR) to provide Continuing Education for Electrical Contractors and officially completed the spin-out of Solar Parks Initiatives. Going forward, management will continue to focus its efforts on leveraging our emerging sales division, SNRY Solar, and the numerous government tax incentives related to solar energy in order to increase earnings, and improve overall shareholder value."
Recent Operational Highlights
* Signed three Power Purchase Agreements (PPAs) with the Tennessee Valley Authority (TVA) to build 2.5 MWs of projects with municipal and institutional clients. Under the completed agreements, TVA has agreed to purchase all of the power the systems produce, as well as the associated environmental benefits.
o Solar Energy Initiatives, Inc. will lead the project development effort, including system design, installation and operation of the proposed 2.5 megawatts (MW) of photovoltaic (PV) systems on the sites.
* Completed the necessary funding to facilitate the first phase of a 1 Megawatt (MW) installation of photovoltaic (PV) system for a southeast municipality.
o The current funding for ½ Mw will allow the first phase of the project to be finalized within 90 days and generate an estimated and projected $2 million of revenue.
* Announced that the company's SNRY Solar Inc. division has been approved to open its solar technical training school in South Carolina.
o The Solar Installation School, developed and facilitated by Solar EOS -- a wholly owned subsidiary of Solar Energy Initiatives, Inc. -- will be added to the South Carolina Workforce Investment's Eligible Training Provider list and the School will be a new training option to which area Career One-Stop locations will begin referring eligible training applications.
* Approved by the Florida Department of Business and Professional Regulation (DBPR) to provide Continuing Education for Electrical Contractors
o Solar EOS has developed specific training programs titled "Solar for Electrical Contractors" and "Solar for Building Inspectors" that will earn (5) CE's towards their licensure in Florida.
Financial Results for the Fiscal Year Ended July 31, 2010
For the years ending July 31, 2010 and 2009, Solar Energy Initiatives recorded revenues of $4,643,974 and $3,925,886, respectively. The increase in revenue is due to beginning operations and is derived from the training of our new dealers and the sale of product.
For the period ending July 31, 2010 and 2009, we had cost of sales of $3,925,886 and $3,023,639, respectively. As we began to generate revenue and record sales in this fiscal year, we generated a cost of sales expense.
Selling, general and administrative expenses for the year ended July 31, 2010 and July 31, 2009 were $5,572,818 and $3,461,128, respectively. Cash-based management fees, wages and salaries were $1,104,155 for fiscal 2010 and $625,416 for fiscal 2009, the increase is due to the addition of employees. Stock-based compensation was $1,623,465, management consulting fees were $328,735 for fiscal 2010 and $464,492 for fiscal 2009, travel and entertainment was $283,588 for fiscal 2010 and $135,433 for fiscal 2009, and legal and professional costs totaled $217,081 for fiscal 2010 and $232,810 in fiscal 2009, of which the increases primarily relate to our acquisition costs, selling activities, financing activities, the preparation of audited and reviewed financial statements and SEC reporting.
Net Loss attributable to Solar Energy Initiatives, Inc. was $5,891,324 for the year ended July 31, 2010 compared to $3,155,269 for the year ended July 31, 2009. The net loss primarily reflects our expenses relating to business activities that have been incurred ahead of our ability to recognize material revenues from our business plan. Loss from non-controlling interest in Solar Park Initiatives, Inc was $342,766 for the year ended July 31, 2010 and $0 for the year ended July 31, 2009.
Mr. Fann continued, "Management is encouraged with the continued positive trending as we strive to establish ourselves as the industry leader in solar energy service solutions. The Company believes that our strong proprietary relationships coupled with the readily available tax breaks for clean energy have SNRY well positioned for significant near term growth and long term stability. We look forward to capitalizing on the numerous outstanding prospects that are presently available to us while at the same time uncovering new profitable opportunities."
About Solar Energy Initiatives, Inc.
Solar Energy Initiatives, Inc. (OTCBB: SNRY) is a diversified provider of solar solutions with three principal operating groups focused on large-scale projects, solar education and distribution of solar products. SNRY Power is a developer and manager of municipal and commercial scale solar projects. The SolarEOS Group is dedicated to the education and continuous improvement of solar energy trade professionals. SNRY Solar is a wholesale distributor of branded photovoltaic and thermal (water heating) systems selling via a network of dealers throughout the United States and the Caribbean. Through its diversified portfolio of solar businesses, Solar Energy Initiatives, Inc. is committed to restoring the nation's economy through a grassroots campaign called "Renew the Nation." Renew the Nation brings together a broad alliance of public and private sector interests focused on workforce development, job creation and economic growth through solar energy. For more information please visit http://www.solarenergy-us.com/.
Contact:
Investors:
Solar Energy Initiatives, Inc.
David Fann
Chief Executive Officer
904-644-6090
Email Contact
or
Alliance Advisors, LLC
Chris Camarra or Bryan Kobel
212-398-3487
Email Contact
Well people,we gonna make money today?
O.K dumb question. They sell the ships, what is left to produce income for the company?
Well just for reference, I sold at 9.50 a year ago. Bought again at 4.25 not that long ago and then it tanked.
How could it go to .0001 is what I dont understand? Dosnt someone have to sell for it to go to that price?
So whats up here with this one today? Something coming up?
Quintiles is the LARGEST accreditted lab in the WORLD!
TLAG: any body familiar with this one? Currently .001 lots of chatter on this one. Seems ready to go.
TTGL: .0007-.006 today. %5900
Real product as Jeannette has seen, real people as Jeannette has met, how many pinks can actually claim that? We are 95% ahead of the game already. Do you honestly think .006 is the best this can do? I dont think so. I may not be a genius but I dont need to be on this one. Lets say 1 year from now its at .01, have you lost anything? 2 years from now we could be at .05 or .50 Ya never know. If we hit .50 and ya got 1 mil shares =500k worth the wait? I think so.
Seriously people if your truly long here your buying tomorrow. I will say that I have just placed my order for tomorrow. I am now averaged at .0018. I bought all the way up and Im buying all the way down.
I agree with what your saying but no joke, this is unbelievable good deal time. Everybody was saying they were in long and if that is true then we better see some buyers from this board adding to there positions, even if its 100 or $200 at a time.
Same here, with one exception, it went up %1000. It was NLI*. I bought at .015 it went down to .005 and I was like screw that, sold it and of course it shot up to .05 4 weeks later.
Why do you suppose its not able to take off. It looks a good one but just cant seem to make itself launch on its own power. Gets bashed a little and goes down. I like it but also paying attention to trend lines.
Anybody here grab any of those .002`s? I hate to see it go lower but I sure hope someone here was able to grab some. As for me I am still accumalating and I am still in the green. I aint worried since I aint mortgaging the house on it. I aint going anywhere.
IVFH just sitting on cruise control today. Gives me a chance to grab some tomorrow. Left to early to place my order today. Still thinking this is a good one?
Dude, this is a serious bounce. .006. Someone is gonna run this one in the next day or 2. IMO. Up %5900. Yep thats a bounce. But unfortunately low volume.
I have etrade and NO SHARES!
Surely old contacts and acquaintances are being renewed. Just more evidence of the potential here.
ANTX:Cant say you werent warned! Went from .011 to .07 on good volume. May be up again monday, but get in grab your profit and hop out.
Try and snag me some .008 monday morning.
Float must be getting tight also considering new board member holdings.
Why is this only at .0083 with 10 mil in sales? Seems strange and no serious increases in share price for a long time. Is this thing just unnoticed or what?
10 Million in sales and this is at .0083? OTCBB Whats up with that?
I actually think just getting pink sheets info current would be best right now and then deal updates in the next week or 2. As stated earlier, deals take time since money and financing is usually invovled. Updating pink sheets shows there working on things in the office to. IMO.
How did you know yesterday is what I cant figure out. But i did say you might be able to pick up some .01`s and I was right about that. I was going to, but I was in my truck driving this morning when it came back down and couldnt put and order in, although I sure wanted to to!
ANTX: This one has major potential. My friend MrPink33 found this little gem, and I am saying also to put it on your radar. Currently trading between .01-.02
TRMAQ: As stated earlier is making its run, and running hard. I am in this one. Look for the double from when I called it as early as next week. If it dips I am reloading.
This one loooooks soo tempting. Looks like others are picking up on this one also as it is up 97% today.
oh baby, this one looks tempting. Good work dude!
Shucks, look what happens when you go to work. Get home and there was another dip and I missed it.
I aint going anywhere dude! Money is money whether pennyland or dollar land.
Well, lets pick up where we left off yesterday afternoon and get this thing headed back north.
Slow and steady progress going in the right direction from here on out.
DKSC: If anybody wasnt watching it had a huge bounce from .0028 to .0038. Picked up some more at .0029 for an quick 30% gain!!
Back to .0038!! Woohoo! This is strong!!!!!!!
You are right, we cant worry about every flipper. Every stock has them. Some get caught with there pants down and leave, creating a buying opportunity for those seeing it through.
CHMT just showed up on my ihub favorites list. Was still CEMJQ a moment ago.
I agree. Mentioning blackout period completely killed momo and you may have noticed we are dropping in Board Mark's