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.
I tend to agree with Swiamca. Nothing has changed as far as company news, but the chart has had a bit more time to mature following the acquisition. Volatility has really subsided. Although, if there is either no substantial news for quite a while, or bad news, then it certainly could drift lower. Then again, as more people hear about SLTD, the market might tighten up and slowly drive the price up.
I will assume that was an attempt at humor, since the cost obviously included the 1000 shares.
Ha, I bet there a lot of people on here that don't view $900-$1000 as spare change, myself included. Doing the math on 1,000 shares via Scottrade ($7 plus .5%). At .09/share, it would cost you $97.45. Your net cost is .09745. So, it would of course be a waste of time if you're short. But if you're going long and accumulating a few thousand shares here and there (like from bi-weekly retirement account contributions), who cares if you pay .09 or .0975 /share? If it ever really pops, the small extra cost won't matter. Personally, my lowest SLTD buy was 2500 shares, and I must admit that one was closer to the top, a just-in-case-it-pops buy with the "spare change" sitting in my account. Picked up some more today though; more than 1000 and less than 10000.
Spare change.... Given that it usually takes 3-4 days to fund accounts, any opinions anyone on the smallest buy that makes sense? With commissions of $7 plus, I can't see buying in chunks of less than 1,000 at a bare minimum. Yet, I frequently see trades of 200-300 shares. Perhaps those are just chunks of larger buys that were spread across multiple transactions?
Mark Richardson is on SLTD's board of directors. http://www.solar3d.com/board.php He purchased the shares for 1.8 cents a piece. As the reporting form notes, it was an "Exercise of vested stock options." Explanation of stock options: http://www.investopedia.com/university/employee-stock-options-eso/eso1.asp
Based on past years, 2013 annual report out approx. Mar. 28, and 1st quarter report not until approx. May 13.
So, all that commotion about a post that had nothing to do with SLTD in the first place.
re: "Definitive Materials Filed by Investment Companies. (497)"
This definitely has nothing to do with SLTD. It addresses Market Vectors MSCI International Quality Dividend ETF, which if you research, invests only in non-U.S. companies. So unless SLTD just moved offshore, these news pieces about filings are misplaced; they have nothing to do with SLTD. Are you guys seeing this stuff somewhere else, or just under the SLTD news feed here on ihub?
I'm not convinced those filings have anything to do with SLTD. They just show up under news, and don't appeart to ever mention SLTD. But, this just announced:
"On February 11, 2014, Abe Emard was appointed as a director of
Solar3D, Inc., a Delaware corporation (the "Company"). Mr. Emard is currently a director and executive officer of United Solar Network, Inc., a California corporation that was recently acquired by the Company and is now a wholly owned subsidiary of it."
Also, Bountiful Capital sold 5.5 million shares in January, not just 3 million. What do you think, they sold their remaining 3 million stake today???
1/14/14 SC 13G:
1/10/13 event. After event, held 3,010,528 shares, which constituted 1.6% of shares of common stock.
1/8/13 SC 13G:
1/8/13 event. After event, held 8,502,654 shares, which constituted 6.2% of shares of common stock.
I believe the filing is required when an investor goes above or below a 5% share of the company. So 3 million shares wouldn't do it, unless the investor was already within 3 million of the 5% threshold.
Right, it shows a big sell. So, does that mean one investor's sell order for 2.9 million went through, but it was divvied up between multiple buyers? Why don't all those buys show up too?
If you suffocate, can I have your shares?
Just got my email from Solar3D. Woohoo!
Confirmed, new shares are to Nelson. From pages 15, 23 of the 25-page document:
"The Shares covered by this prospectus include 4,000,000 Shares that are eligible
for vesting and issuance to our chief executive officer pursuant to a restricted stock agreement."
"(3) Mr. Nelson's restricted stock agreement provides for the issuance of up to 20,000,000 shares of the Company's Common Stock to Mr.
Nelson in stages as certain milestones are achieved by the Company, 4,000,000 of these shares are currently eligible for vesting and issuance
and are covered by the Registration Statement. See the Report on Form 8K filed by the Company with the SEC on September 27, 2013 for a
detailed description of the milestones and other terms of the restricted stock agreement."
No, those probably aren't for the sunpower peeps. Those are likely the shares Nelson was scheduled to receive when the market cap hit $10 million. Sunpower gets tons more than that if they opt to cash their notes in for 2 cent shares.
Nelson said closing in January. According to the latest PR: "SANTA BARBARA, CA--(Marketwired - Jan 8, 2014) - Solar3D, Inc. (OTCQB: SLTD), the developer of a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity, today announced that it anticipates closing its acquisition of SUNworks in January ...." Did he publicly backtrack after that?
If I were a betting man--and I am of course--I would bet you're going to be wrong on your prediction it won't drop under .11 today. Time will tell.
Too funny. An omen?
Quieting back down now. Snatched another 5,000 near bottom of the double dip.
There it goes.... how low will it bottom? 7s? 8?s or will it hold 10s?
I'm thinking the magic number (realistic value) right now is still closer to .04. Although, doesn't seem to be able to break .07 so far.
Dip? Maybe. It's crashing pretty fast right now. Already down under 10 cents. My guess is that with all this volume and fast rise this has become pretty heavily shorted. Perhaps the shorts are making a move now to push this back down. Easy to manipulate a stock like this that is so cheap.
Bountiful Capital sold off over 5 million shares. Here is a copy of their filing from January 8, 2013:
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned: 8,502,654
---------
(b) Percent of class: 6.2%
---------
(c) Number of shares as to which the person has:
(i) Sole power to vote or direct the vote: 8,502,654
---------
(ii) Shares power to vote or to direct the vote: 0
---------
(iii) Sole power to dispose or to direct the
disposition of: 8,502,654
---------
(iv) Shared power to dispose or to direct the
disposition of: 0
---------
ITEM 5. OWNERSHIP OR FIVE PERCENT OF LESS OF A CLASS.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ].
I believe you misunderstood that filing you linked to about Bountiful Capital. Some time back (early 2013 if I recall correctly), there was a filing reporting that BC had acquired greater than a 5% share of SLTD. This report reveals BC sold a bunch of their shares, and now owns less than 5% of SLTD. Notice the following line, with the box checked, from your linked document: "If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ X]."
I have been archiving S3D's press releases. Unfortunately, I only started saving their emails about a year ago. Still long enough to demonstrate my point (and frustration). Read last year's plan, and then compare with the current 2014 commercialization plan with regard to the 3D solar cell:
"Solar3D Announces 2013 Commercialization Plan
Timing of the company’s 3-dimensional solar cell could be ideal with a re-elected administration anxious for green energy success and an industry shakeout that may be coming to end
Santa Barbara, CA – December 4, 2012 – Solar3D, Inc. (OTC: SLTD) the developer of a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity, announced its 2013 commercialization plan. In light of the current political environment and an industry shakeout that may be coming to an end, the company’s management believes that its next generation solar cell may be entering the market at the ideal time.
...
Nelson concluded, “Conventional, 2D solar cell technology has reached its limits and a major breakthrough is required to lower the cost of solar energy. We believe that breakthrough is in 3D light trapping and conversion, and our prototype has successfully demonstrated this possibility. Our next major step will be to produce a manufacturing prototype and execute a pilot production run in 2013. That will lead us to a manufacturing partner and anticipated entry into the marketplace by the end of 2013.” "
Lots of hype, but still no pilot run, much less marketplace entry. The current price runup is just people peeing themselves in excitement trying not to miss the boat. I'll start buying again when the price is more realistic. Given the 2 cents or half-price language in the sale agreement, I'm thinking that is somewhere in the region of 4 cents for the near future. I could be wrong.
Good question, it isn't really clear from the language how/when the notes are issued. My interpretation, however, is that the note (which is a promise to pay back money sometime in the future; ie, a loan) is issued at the time of sale. It is then paid off over the course of 5 years, at a 4% interest rate. However, the note holders (the current owners of SUNworks) have the choice to convert their notes at any time into shares at the contracted 2 cents per share(or half the share price). As far as increasing S3D value upon acquisition, the share price has already more than tripled since the day preceding the Nov. 6 announcement. S3d is paying less than $3 million for the company, so I guess that tells us how much that company is worth right now. According to the press releases, SUNworks had profit last year of less than $1 million. Divide $1 million by hundreds of millions of shareholders, and that isn't much... even if they double their profit this year under S3D. I;m thinking the only way S3D is going to pay off big for us pennystockers is if they ever get a 3D solar cell to market. I have been invested with S3D for a few years now, and so far it has been a lot of empty "promises" (carefully worded as "anticipated" progress in their press releases), with dates pushed back again and again. Regarding Nelson's new shares, I was referencing those new shares he gets when market cap hits $10 million. You will see that referenced in several earlier posts. I'll follow up in a new post about the press releases.
Has everyone here read the purchase agreement? Seems to me the value should drop upon closing the purchase deal, because our shares will likely become highly diluted. As relevant, the agreement states SUNworks is to be purchased: "for $2,794,500, $1,044,500 of which is payable in cash at the closing of the SPA and $1,750,000 of which is payable in installments over a period of five years after the closing of the SPA pursuant to convertible promissory notes bearing simple interest the rate of 4% per annum (the "Notes"). The Notes are convertible at any time after issuance into shares of fully paid and non-assessable shares of the common stock of S3D. The conversion price is $0.02 per share until March 30, 2015, and thereafter the conversion price will be the greater of (a) $0.02 per share or (b) Fifty Percent (50%) of the average closing price of the common stock of S3D ..."
So, if the current SUNworks owners convert their $1.75 million loan ("notes") to shares bought at 2 cents, they will obtain 87.5 million shares! There are currently only 194.1 million shares outstanding. The share price has already risen steeply based on assumption of closed purchase. So, take current market cap. of $10.5 million and divide by new total of 281.6 million shares = 3.7 cents per share. Not to mention Nelson’s new shares.