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And here I thought I got a good price yesterday at $2.58. Figures.
Moon, I doubt any SLTD long jumped ship regarding that other site. Why would the person not say who they are? It is because if they did say so, then the real person would just post here and prove it was a hoax. My 2 cents.
drugmanrx- I am interested to know more about our recent acquisition's (Elite Solar) solar-module-racking business. Are we going to be using the product in all/most of our ground-mount installs now, and is it profitable to market to others?
From the Dec. 1 SLTD PR:
SPI Energy Investor Event in New York City to Feature EnSync Energy Systems
EnSync CFO Jim Schott to Provide Market Update on Solar-Plus-Storage Market and Company Progress
MILWAUKEE, WI--(Marketwired - January 08, 2016) -
http://ensync.com
EnSync, Inc. (NYSE MKT: ESNC), dba EnSync Energy Systems, a leading developer of innovative energy management systems serving the commercial, industrial and multi-tenant building markets, is pleased to announce that Jim Schott, EnSync Chief Financial Officer, is speaking at SPI Energy's investor luncheon on January 19, 2016, 12:00 pm in New York City at the Waldorf Astoria.
Focusing on EnSync's major role in the solar-plus-storage market, Jim Schott is invited to talk alongside Xiaofeng Peng, Chairman of SPI Energy, and other top executives at SPI, who will share their perspective on the global solar market, energy storage, as well as SPI company vision and strategy.
Mr. Schott will provide an overview of EnSync's enabling integrated solar energy and energy storage systems for the high growth commercial and industrial and multi-tenant building market.
Details for the event are provided below:
Event:
SPI Energy Investor Luncheon
Time:
Tuesday, January 19, 2016 / 12pm - 2pm EST
Location:
The Waldorf Astoria, New York; 301 Park Ave, New York, NY 10022
The Conrad Suite, Fourth Floor
Interested attendees are invited to RSVP by contacting Sara Li at sli@spisolar.com or calling (800) 548-8767.
Yeah, real impressive. Unless you look at what eventually happened to the pps based only on the cell hope. The split-adjusted pps in April 2013 had dropped to 22 cents. It then traded primarily in the .30-.50 range until the Sunworks acquisition was announced in November 2013. So, yay! ... last word on the cell-only hope was that it was worth about 40 cents pps.
Ok, yes, I too wish something good would happen with the cell. Just pointing out the fallacy of you choosing the highest pps before it tanked on only the cell hope. And, of course, that was all while listed on the OTC.
Well so far so good on my new years eve wish/prediction. One part down already, and looks like the other likely will go too (yes, I know it's early). Quite the nice start though: 142,000+ shares traded in the first half hour, and up .22.
The trend is (finally) our friend. No reason to sell and take a loss for taxes--especially with the wash sale rules--when the pps is moving back up. We hit a double bottom at $2.60 on Sept. 29, just before the end of the third quarter, and it has been trending high ever since. It is now sustaining higher after the boost from the global climate change deal and the ITC extension, which have really turned the tide for solar in general.
Perhaps it is a bit early to call, but it sure appears the longer term trend has flipped from downtrend to uptrend. Both the daily and weekly charts suggest as much. The 20-day has moved above both the 50- and 100-day average; the 50-day is just about to cross above the 100-day; and we're now trading around the 200-day (which we had not previously closed above for approximately the past 7 months).
It is good we are closing out the year on a high(er) note, given that these last trading days set the price for the remainder of the purchase price/bonus for the acquisition of Elite.
My hope for the last day of the quarter/year tomorrow is that we best the pps high and close from last week on Dec. 21. The high was $3.6285, and close was $3.59. I think that is a realistic expectation.
The SA article is now available to view free.
AWESOME
This is a nice summary of support and resistance points, which includes the Fibonacci Retracement levels (38.2% and 50% from highs and lows).
http://www-haproxy-e-c01.aws.barchart.com/cheatsheet.php?sym=SLTD
You'll notice resistance (sell orders) right now at/about the $3.34 level, which is the Fibonacci 50% for the 13 week high/low.
So far so good.
The house passed the spending bill this morning, which had the oil export deal in it. Now both that and the tax bill with solar ITC extension are going over for vote in the senate today.
http://www.cnbc.com/2015/12/18/house-of-representatives-passes-115-trillion-spending-bill.html
Makes no sense to me either.
ITC extension has now passed in the house. Just need final approval tomorrow by the senate, and then be signed by Obama.
Actually, there was insider buying at time of uplisting in March, and then some selling by 2 of the Sunworks guys in early-mid June. But, as you noted, the Sunworks guys' SLTD shares were payment for their company.
At time of uplisting, James Nelson, Tracy Welch, and John Van Slooten each purchased shares at $4.15 in the offering.
http://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001172631
Edit:
Additionally, CEO James Nelson hasn't sold any shares in over a year.
http://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001589502
To those who think insider buying is the ticket to raising SLTD's pps, I wouldn't be so sure. I'm in ESNC, and a couple of insiders have purchased several hundred thousand shares in the past week. Hasn't done anything for the pps yet.
Another insider purchased a bunch of shares on the open market this week. Director Paul Koeppe purchased 180,269 shares at prices ranging from .365-.40.
http://www.sec.gov/Archives/edgar/data/1140310/000120919115085573/xslF345X03/doc4.xml
It's been a little while now, but my recollection is that the last filing was already outdated because it didn't show the huge cash influx from Solar Power (SOPW).
...I didn't buy in anywhere close to .80, but yeah, I feel bad for those who did.
This green company is poised for growth. With the global climate change deal over the weekend, and now the U.S. tax credit extension for wind and solar, they just need to execute.
Should be an interesting rest of the week for solar (and wind) stocks.
http://www.cnbc.com/2015/12/15/house-republican-funding-bill-lifts-ban-on-crude-oil-exports.html
Anyone thinking about tax loss harvesting on SLTD does have to be aware of the wash sale rules, as you mention. However, they should do their own research and/or seek professional tax advice.
I think you also cannot claim a tax loss if you purchased the stock within 30 days prior to selling it, in addition to repurchasing within 30 days. Don't take my word for it, but that is my recollection from reading about it in the past.
Also, fairly sure there is no limit to the investment loss you claim, if you are using it to offset investment gains.
My opinion, it's a bad idea to sell for tax losses if you plan to just buy back into the same stock in the near future. Of course, you don't lose the right to bank the loss forever if the wash sale rule gets you; the loss just gets factored into the cost basis of your new purchase.
I am expecting a PR and/or SEC filing today. Today is 3 business days after the shareholder vote.
Director Richard Abdoo just bought 100,000 shares on the open market last Friday, at average price of $0.3997.
...And yet here we sit pretty much right at the 52-week low. Oh well, I'm sure there are a few people saying screw it and harvesting tax losses here before year end.
http://www.sec.gov/Archives/edgar/data/1017659/000120919115085035/xslF345X03/doc4.xml
Insiders don't have tons of shares because they are responsible to the shareholders and don't just issue shares to themselves willy-nilly. Rather, they are forced to earn them by hitting performance goals.
So, what's the problem with that?
Excellent article. Haha, why didn't you say it was about Sunworks?
Zack's solar industry rank for SLTD: 26/265 (Top 10%) http://www.zacks.com/stock/quote/SLTD?q=SLTD
Well, Kirk can convert the preferred shares to common shares at any time, on a one for one basis. I haven't, however, done the math to see how many shares were "saved" by the $150K reduction in purchase price, and then compared to shares "lost" due to the average pps being below $4 at closing.
The acquisition 8K is interesting. Purchase price reduced by 150K, and given preferred stock instead of common stock.
Happy for you guys to get the warrants at these super low prices (and a bit jealous).
However, everyone should keep in mind that buying warrants does not support the company, and selling SLTD shares to purchase warrants only hurts the company. I.e., if you're just a warrant holder, you're not a stock holder.
Nothing like a new 52-week low and a negligible insider sell to get the volume and volatility cranked up. This thing is all over the place today.
Solar3D shares gain on upbeat 2016 revenue outlook
http://www.proactiveinvestors.com/companies/news/119601/solar3d-shares-gain-on-upbeat-2016-revenue-outlook-119601.html
...mostly just parrots the PR, but it also notes:
The company would be acting irresponsibly if it did not do whatever it legally can do to raise the pps right now before the acquisition. I would be pissed if they didn't toot their own horn this week.
Check your email from about October 23. I hold SLTD with three different brokerages, and I got emails from all 3 on that day, with a different control number for each account within each brokerage.
Nothing unexpected there for us longs. But good to see nonetheless.
I think I will wait now to vote my shares until after the pending acquisition and see how things are shaking out.
Solar3D's Adjourns Annual Shareholder Meeting to December 10, 2015
Funny... I had not voted my shares yet (and I think I had until midnight tonight) and was just going to look into doing so, when I got a SLTD google update email with this notice.
http://money.cnn.com/news/newsfeeds/articles/marketwire/11G073039-001.htm
So, here's the gist of the newest coverage:
Great to see the SLTD subsidiaries taking such a proactive approach to driving revenue. Did you read the part about the ongoing program with the baseball team through 2017?