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IMO I THINK ITS A FACT THAT YOUR POST IS AWESOME! Thank you
Thanks for posting that article Imp. It has some great insight about the potential of the company. Totally agree with the article.
Haha... I thought I only had to pay to kick one of you out. I was just hoping to get one of the open spots
Haha yeah just wanted to help people out. I know there are lots wondering. I'm hoping it leads to a mod spot
Has anyone heard when this year's shareholder conference is?
In case if anyone is looking the new company website is sunworksusa.com
In the long-term I think these warrants are a great play
Bought some more warrants this year.
Just had the chance to look at ihub for the day. I've missed out. Great post Alex. Thanks for the comparison. That's very interesting. Should be an awesome quarter.
This is exactly why it is nice to have an experienced executive team. They know what they are doing. I was surprised to read that there are six to eight people working under Tracy. SUNW seems to be growing bigger and bigger every quarter! Great news.
Oh shoot! Seriously, I have to sell my BTU share Monday then :)
Mooon you're right on with your comments about SUNW. I dont post too often but that doesn't mean that I dont read your posts. I couldn't agree more with what you've posted. It's hard to argue with the facts.
Welcome. We are glad to have you here.
That's exactly what I would say.
That is why I said revenue is recognized "as they complete the jobs"
Just remember though that the revenue is recorded as they complete the jobs. Depending on when the start the work, that revenue might not be recorded until Q2.
I find it some what funny this news story about solar is from a station owned by the Sinclair Broadcast Group which is a subsidiary of the Sinclair Oil Corp. It's like the six degrees of separation but with big oil companies it's always like one of two degrees of separation. They are everywhere.
Haha that is awesome!
Don't Wait to Vote - Call 800-454-8683
I went to the shareholder conference this past Friday and it was a great experience to get to meet Jim and the rest of the executive team and board members. After meeting with them I have more confidence than ever that the company is headed in the right direction and will continue to see tremendous growth.
At the beginning of the shareholder meeting Jim did say they had a quorum and overwhelming support for the proposals but they needed more votes for the required minimums to pass the amended and restated bylaws and certificate of operations which is at least 50% of shareholders. As a reminder from the last PR, you can call 800-454-8683 or visit investorvote.com/SLTD to cast your vote. Sounded like from the meeting that if you haven’t been contacted, it may be because they can’t find your number. Don’t wait for them to call you to vote.
Here is a link to a good article about the future of global power and utilities by the worlds largest professional services firm. http://www.pwc.com/gx/en/utilities/global-power-and-utilities-survey/index.jhtml
Ha ok I'll get started on it!
That was actually the Ivanpah Solar Farm that sits on the California-Nevada border.
Well I know six people who would go for sure. I bet I could round up an additional six to attend too.
Hi everyone! Im a new PWDY Shareholder. Glad to be here
I hear ya. I completely agree. I was just saying don't be upset unless SLTD actually misses the filing date. Who knows, Jim could be holding it to the last second for various reasons. For all we know the 10Q's subsequent event footnote disclosure could contain something about them entering into an acquisition agreement and he's waiting to at the 11th hour on the 15th get the spotlight on us Monday to create a killer week.
There is no reason the filing should be late though. They did not have any unusual or complicated transactions during the quarter that would slow the CPA firm down in reviewing the financials. Plus the new CPA firm is significantly larger than the last one and has more resources. In my opinion there is no way the filing will be late.
Dude if that happens Jim should fire the new CPA firm for sure! I would say dont get down and plan it being released tomorrow
Welcome, good to have you
He sounds like a smart guy! It'll be great addition to the team
If I had to say one thing I did like about the article I would say it was the story of Damocles. I hadn't ever hear that story before. It reminded me of a question frequently asked by Scott Sandridge which is are you "inorout".
My reply to that question is, count me in!
Long SLTD
I just had the chance to read the SA article and I agree it is not accurate. I responded to one of your comments on there. This is what I said:
Buckylaw06 I agree, the dilution created by the various convertible notes and derivatives is old news.
I also agree that it is completely reasonable the conversion price of the derivatives was set at $0.338 after removing the “most favored nation” clause. After all, the derivatives had this clause in the first place to ensure the conversion price agreed to by the holders of the derivative liabilities would not be impacted by dilution given the risk of a young company. Therefore, if SLTD was going to remove the clause and extinguish the derivative it makes sense they would peg the conversion price at the same price used for the other seed money.
As a whole, it felt like this article was bias given that fact Mr Sandridge skipped over the importance of removing the derivatives from the financial statements. I would expect something of higher caliber on Seeking Alpha.
With the derivative being classified as a liability per ASC Topic 815, it had to be fair valued every reporting period. Using the Black Scholes valuation model to fair value the derivatives, SLTD had to record non-cash losses called “Loss on Change in Derivative Liability” due to the fact the derivatives were becoming more valuable every quarter. The increase in the derivative value and the resulting loss it created was primarily due to the increasing stock price. However, by removing the derivative clauses the requirement for the financial instruments to be fair valued every quarter was also eliminated. This means the income statement will no long carry the large non-cash losses or possible gains due to the change in fair value which will make the financial statements less volatile and more attractive to investors. This is important because as SLTD is projecting 100% growth year over year and one can assume that over the next year the stock price will also grow which would have created future non-cash losses.
Nice Article! Thank you for your article and time StockRam
Wow it's a party over here! I'll have take a position
If Jim wasn't fully committed to turning SLTD into a super competitor he would have left SLTD years ago when he first realized the difficulty of bringing the cell to market. Sandridge failed to mention anything about Jim in his article because Jim's integrity and trustworthiness would have made his article irrelevant.
I didn't invested in SLTD because of the potential of the cell or because of a booming installation business. I became an investor in SLTD years ago because of Jim's character. Jim is world-class and he is turning SLTD into a world-class solar company. Any time there is a CEO of Jim's caliber dedicated to his cause, count me in.
Sandridge, Thank you for your thoughts on SLTD. As you know, we are all entitled to our own opinions. Even though I don’t agree with your opinion on SLTD, I appreciate it. If nothing else, it serves as a good reminder for everyone to pause every once in a while and reflect on what they consider the perceived risks are and if those perceived risks still outweigh the potential benefits.
Best of Luck,
Mark, I look at every single one of your posts here on the SLTD board. Keep it up.
For volatility use the beta. It's not exact but close enough. The actual volatility calculation is complex and the cost/benefit is not there if you don't have a volatility calculator. For example, beta for 3/31/15 is 210% when the actual volatility is 220%. The difference between the two is the volatility for the warrants is calculated using a 5 year lookback period. This means it's calculated using the past 5 years worth of stock information given that there are 5 years left to expiration.
Has anyone heard an update on the TCM project?
Seeking Alpha news -
• Barrick Gold (NYSE:ABX) loses its bid to dismiss a U.S. lawsuit that accuses it of concealing environmental problems at the Pascua-Lama mine on the border of Argentina and Chile and of fraudulently inflating the company's market value by billions of dollars.
• The U.S. district judge in Manhattan ruled today that shareholders can pursue class action claims against ABX but dismissed claims alleging the miner intentionally misled them about costs and production delays.
• Cost overruns, environmental issues, labor unrest, political opposition and falling gold prices contributed to ABX's decision in October 2013 to halt the project, after it had already spent $5B-plus; the investors are suing for losses covering the period from May 7, 2009, when ABX said it would begin construction on Pascua-Lama, through Nov. 1, 2013.
There is a model used to value warrants which is called the black scholes model. This model traditionally has 6 inputs: stock price, strike price, expected term, volatility, dividends, and risk free rate. I used the number 1.37 as an example how I like to find the risk free rate when I use the black scholes model. The risk free rate is the rate of return you could expect if you invested your money in an investment with no risk i.e. T-Bills.
Thanks for that info Maverick! For those that are interested in calculating the fair value of the warrants here is a useful link I use when determining the risk free rate when using the black scholes model.
I use the Daily Treasury Yield Curve rates which can be found here: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yieldYear&year=2015
The way I would use this site is as follows, say I wanted to value the warrants using the black scholes model as of 3/31/15, to find the appropriate risk free rate I would go to the link provided above then find the 5yr Daily Treasury Yield Curve as of 3/31/15 which is 1.37. I would use the 5yr curve rate because their is 5yrs left until the warrants expire. (AKA 5yr lookback period)