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I bought some SLTD on margin in my ST account, a month or so ago, and received a maintenance call. I'm still not sure why. it was supposed to be 50% equity required for stocks trading between 3.00-4.99. I was well above 50% equity, closer to 70% (borrowed 30% of my account value).
yeah this could be working in our favor actually. at least for us longs. would be nice to have the option to skim some off the top for trading though. i feel ya there.
I was told that some brokerages let you buy/sell shares based on credit. They credit you the new shares they know you have. They know that it is a 1/26 R/S rounding up fractional shares to the nearest whole share. they give you the adjusted shares and let you do what you want with them even though they haven't actually transferred over to the brokerage yet.
apparently scottrade is more conservative. Glad to hear that the shares will transfer over within the next day or two though. I actually think we will be on a senior exchange before 6 weeks is up.
scottrade said the same thing. the shares could transfer over at any point between today and 4-6 weeks from now.
apparently some brokerages credit their clients with the shares they are intended to receive, while others wait for them to officially transfer. scottrade is on the conservative side so they wait until the shares officially transfer before they show up and are executable
well that was thoroughly exciting ladies and gentlemen
Is there a non-trade period I missed?
thats a good point. the news generated from the acquisition could attract some new investors or give traders a reason to get in.
I'm hoping we get a news blitzkrieg leading up to the R/S and then something substantial after the R/S. Todays PR regarding the 2 big contracts worth 1.3 MW was fantastic
Can we all agree that 5 to 6 million in revenue for Q4 is reasonable?
Quarter 1 revenues 1.047 million
Quarter 2 revenues 7.471 million
Quarter 3 revenues 6.438 million
Total revenue for the first 3 quarters is 14.956 million
Nelson stated: "management expects revenue to exceed $20 million in 2014."
Quarter 4 revenue estimate would be around 20-14.956=5.044 million
He may be conservative with his estimate of over 20 million, but it's not reasonable to assume they bring in more than 7 at most. Unless someone has evidence to support the idea of a higher estimate? Still, excellent growth from 0 revenue last year to 20+ million this year. with a goal and plan to earn 100 million in 2015.
If only we had a highly respected and intelligent poster of the same pedigree on this board Imp
reading through a few posts from earlier, people are really complaining about BIG goals?
A few people commented on Nelsons 100 million revenue goal for next year. Here is how they can achieve that.
SUNworks should bring in 6-7 million in Q4 of this year, bringing the yearly revenue for 2014 to 20-21 million. They are somewhere around a 2.5 times earnings from 2013 (8.5 last year to 21 this year). If they keep up that same growth rate, then they will be around 50 million in revenue next year (from 20 M in 2014). add in MDE around February. They are doing somewhere around 7.5 million in revenue in 2014. If they grow in a similar fashion to SUNworks, they could bring in around 20 million. They are, after all, in one of the hottest solar markets in the world (Southern Cali). so then you have around 70 million. We received news a few weeks back that SUNworks was organically expanding into the hot Nevada market. Add in two more installation companies sometime early next year, and I think around 100 million is achievable. you would feasibly only need 30 million out of the two new installation companies.
Who knows where the ratios are going to rest at. we could see 30 M from MDE and 40 M from SUNworks. we could see 40 M from two completely new installers. Nevada could be very fruitful in the first year, etc. but what I think is reasonable is that 100 M is very achievable next year.
I do understand the rationale behind the "give them more than they were expecting" philosophy. Its biology. we all love pleasant surprises but more importantly HATE unpleasant surprises. But, if the goals are realistic and there is a clear path to achievability, then set big goals. Personally, I want the CEO to set lofty and exciting goals. All too often goals are way too small and unexciting.
Also, someone brought up the Efficient Market Hypothesis (EMH) earlier. The idea that stock prices accurately and timely reflect all available pertinent information. That the market is rational (emotion isn't a variable) and accurate (in valuations) and fully informed (obscured stocks on the OTC don't exist). I haven't heard a ridiculously funny joke like that in a while. I'm going to have to write that on a napkin so I can share it with someone else when they are in need of a good laugh. absurd things are funny...
http://www.investopedia.com/terms/e/efficientmarkethypothesis.asp
It constantly amazes me that more people don't share this view. even some of the longs on here. good post
He makes posts based on his own self-interests and motives. he will tell everyone that the price is coming down, the chart looks bad, etc. if he wants cheap shares.
He will post the same monotone, repetitive, positive news and bullish chart opinions if he currently owns shares and wants it to go up. people are smart, they don't fall for his self-serving posts. good or bad.
He can keep posting away as far as I'm concerned, he is just noise amongst the signal.
The OTC follows the NYSE/NASDAQ
http://www.allstocks.com/html/stock_markets_holidays.html
"The economy’s not a class you can master in college
To think otherwise is the pretense of knowledge"
F.A Hayek
There should be a lot of significant news between now and then. Outside of the finalization of MDE in Feb
Article regarding the acquisition in PV Magazine
http://www.pv-magazine.com/services/press-releases/details/beitrag/solar3d-to-acquire-md-energy_100017080/#axzz3IEYeYARo
I'm not as bearish as you are...
should be a fun day
You personally attack his intellectual ability and a sentence later you criticise him for not keeping the focus on solar 3d. You see how thats ironic, right?
S3D is "situated" within the solar market. Discussing the solar market is staying on topic
Moving up to the OTCQX is something I'm looking forward to.
I believe we meet all of the requirements currently, except these three:
Meet one of the following exemptions, consistent with the definition of a “Penny Stock” under Rule 3a51-1 under the Securities Exchange Act of 1934:
1. Have a bid price of $5 or more
2. Have net tangible assets of $2,000,000, if the issuer has been in continuous operation for at least three years, or $5,000,000, if the issuer has been in continuous operation for less than three years
3. Have average revenue of at least $6,000,000 for the last three years.
18 Million in revenue is what we would need to meet that requirement. we are at 8.5 Million. We need 9.5 million this quarter to be eligible. Im basing this on the fact that they didn't state "in each" of the last 3 years. Instead, they state "for" the last three years.
There has to be a few benefits in moving up. Probably decreased volatility and increased stability in price (though float has a lot to do with that). increased transparency and tighter regulations. Improved perception of stock/company. anything else I missed?
There are a lot of billion+ market cap stocks on the OTCQX. The largest companies are international. There are a few U.S companies on there with pretty big market caps. CSVI is the largest U.S company with a market cap of 572M and a PPS of 40 dollars.
I'm guessing the standards for international companies to join the big boards are pretty high. While the standards for domestic companies is much lower. So the domestic companies move up to the NASDAQ and NYSE as they grow.
http://www.otcmarkets.com/research/otcqx-company-list
you touched on a few of these points but I'll post this anyways
3 SUNworks owners and managers were given convertible promissory notes
1 lawyer (richardson) who worked on the acquisition transaction was given convertible promissory notes
1 finance company who provided S3D with the capital to acquire SUNworks was given convertible promissory notes.
They financed the acquisition with 1 part chash and 1 part shares.
the 3 sunworks guys and the lawyer are all part of S3D. The lawyer was brought onto the board. If they sold shares there would be a SEC filing within 2-3 days.
The finance company does not fall under insider sales. if they converted their notes and sold them, it would not show up under a SEC filing. at least as long as they dont own more than 5%+ of outstanding shares.
The consensus is that the notes automatically convert by Nov 1st. or around that time.
They could be converting and selling some of their shares now. If we are absorbing some of them now, that would be ideal.
the next acquisition will not even be close to the same amount of dilution. for one, the PPS is much higher. second, S3D now has capital of their own. Thus, the "clear skies ahead" mentality after we get rid of this dilution.
No one would argue that the SUNworks acquisition hasn't ALREADY been worth it. and the potential for huge growth via SUNworks alone is pretty awesome.
I'm not a convertible promissory notes expert but thats my understanding of it
I've been wondering this same thing for a long time.
It's not my area of expertise (along with grammar) but here is my reasoning:
The finance company who owns many of these shares are not insiders because they don't work for SUNworks/S3D. So they would not show up under insider sales in SEC filings.
If they own over 5%+ of outstanding shares, they will have to file under the 13D SEC filing (within 10 days).
If they own over 10%+ of outstanding shares, then there is an additional filing.
But if they are not insiders and they do not own restricted shares, then i believe there is not a SEC filing attached to their actions.
here are a few quotes i found that might be enlightening:
For clarity, the Form 13D is a required filing by any entity that becomes a 5% holder. This filing must be made at the time (within 10 days) the holder crosses the 5% threshold. Form 13G is the same form, but used when the person or entity is making the purchase for "investment" only.) Additional purchases by this holder do not have to be reported on Forms 3, 4, or 5, until the holder crosses the 10% threshold.
Insiders who purchase or sell stock on the open market, just as any other investor, have to file these transactions on a Form 4 filing, but do not have list sales with a Form 144.
To muddle things up I'm not sure if they filed as soon as they acquired the notes from S3D. The filing might take place when they convert them into actual shares. and I'm not sure what happens if they slowly convert and sell shares, thus never crossing that 5+% threshold.
http://www.briefing.com/investor/learning-center/general-concepts/sec-filing-requirements-for-insider-trades/
anyone have anything more concrete?
Waiting is necessary. Suffering is optional
Patients is KING
A lot of times in these comparisons you see one company post a net loss because they spent a ton of money on expansion. but comparing the two operating incomes (adjusting for growth costs, basically)
SLTD: 761,000
SOPW: -588,000 (negative)
accounting for outstanding shares
Market Cap:
SLTD: 56 M
SOPW: 581 M
SOPW at 10.4 X's the price of SLTD.
.1875 (SLTD current price) x 10.4= $1.95
I'll take 2 bucks in the near future
thats not the same sunworks. SUNworks vs. Sunworks Solar. maybe sloppy investors will get the two companies confused and invest in us instead...best mistake they could ever make
exciting isn't it? good post
It keeps Jim on his toes. forces him to be subjected to intense (hurrican-esque) pressures of the business world. Jim Nelson will be forged in the hottest fires scrutiny can offer, and come out the other end stronger than ever...Or it will just annoy him and Hurricane will land in his spam folder from now on :) yeah, probably that last one actually.
market down 2.8% today isn't helping our stock price right now. we're damn close to that 10% pullback people have been talking about for months.
my honest opinion and friendly advice is that the solar market will be similar to the dot-com boom. only in slow motion. THE market to be in right now, IMO
traders play up this dilution, but a good estimate is available to everyone right now. you would have to be an idiot not to account for this dilution if you are an investor. any rational investor should already be factoring this in. It may offset some of the pps but a company growing at such a fast pace quarter to quarter, proving itself, will certainly attract quality investors with the 10Q. and its clear sky's ahead once this dilution takes place. not to mention as the share count increases, liabilities on the balance sheet decrease, significantly. everybody loves a good looking balance sheet. that alone, long-term, should offset some of the dilution.
thats my opinion of the situation at least
yes it is. I have nothing against all-in, we share the same goal, but i just happen to disagree with her on that one. I would be shocked if there is a correlation that isn't chance. i've just been following this stock for too long, my SLTD ticker is right next to my SPY ticker. it looks like christmas way too often for there to be any relationship in a fairly stable market. lots of red and green. but i think we go up significantly in the time frame he mentioned due to other factors.
btw chink. are you seeing this baby koala bear holding a steaming cup of coffee while sliding down a rainbow into a pile of cash setup that is forming? This chart is lookin really, really, good.
If things get severe enough, then yeah. if the market is terrible, as in a recession, we would get hammered. but when the market is pretty stable, then i don't believe there is much of a correlation. in fact, you could say (by chance, not causal) that there is an inverse correlation. many times (like this past week) when the market was down we were up. and vice versa. There have been countless days in the past few months the market was up nearly 1/2 to 1% overall, and we were hammered. I care more about Q3, the manufacturing partner, etc, than i do the overall market. as long as the market is somewhat stable then it's irrelevant.
I would even go further and say right now, we don't even follow the solar sector. vivint IPO did nothing for us, IMO. I have seen the solar index up many times while we get hammered. and vice versa. in time i think both circumstances change. we'll follow the market and the solar sector trends, but not right now.
im long, as are you, so we're in this one together, I just disagree completely with what your saying :)
Theres no correlation between SLTD's price and the DOW. stop it.
sell! sell! sell!...just don't jump hombre
222K at .1675 (NITE market maker)
200K at .1685 (someone with a scottrade account)
keeping us from hitting 17 cents by end of day, but end of day volume could blow through those barriers.
Finally, some non-FLUFF news. about damn time.
nice!
yes. What I meant was, they shouldn't even consider doing a R/S until they have used over half of their authorized shares (1 Billion). Unless they need to get the price up to meet the PPS criteria of a better exchange. It makes zero sense if they arent either trying to get the PPS up for a specific reason, or they are running out of funds and shares to issue (obviously not the case with S3D).
It would be nice if we got on the OTCQX board at some point. preferably organically. even if its just for the positive perception that would bring.
"doubt is not a pleasant condition, but certainty is absurd"-Voltaire
If the stock goes over a dollar on its own why would they do a R/S? unless the outstanding share count gets out of control, as in over 500 M. I don't favor either side of the argument, I can see the usefulness of doing a R/S, but i can also see how perceptions can change dramatically with a R/S.
we'll see what happens soon enough.