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I don't think that they need a reverse split. It just seems like some people look at reverse splits as the Grim Reaper. It is a very logical corporate action should they want to bump up their PPS in order to list on the NASDAQ in an earlier timeframe. Reverse split, list on the NASDAQ, release the cell to market. Maybe they won't need to but I won't think negatively on them if they do.
If the cell is successful the cash will be better used for expansion. Why is everyone so afraid of a reverse split? It's really not a big deal.
Rough estimate lease costs for new HQ including all occupancy expenses:
Approximate cost per square foot of office space = $22
Approximate cost per square foot of Industrial space (Warehouse) = $6.50
8,000 sqft office x $22 = $176,000
12,000 sqft industrial x $6.50 = $78,000
Total = $254,000 per year lease or $12.70 per square foot
No way they purchased. It's definitely a lease.
This. Exactly my thoughts.
I disagree. I think this is great news and leads me to believe that a major/semi-major announcement is coming in the near future.
...in 5,000 share increments slapping the ask each time :)
Solid overall volume for the day as well.
Once again great DD. You are now officially the Patent Expert of this board. Thanks :)
I agree with your positive outlook on SUNworks and I also agree with your overall views on the 3D cell.
With 3 times the capacity we should at least double if not triple revenue next year. The installation side of this business should value us at close to the $1 per share range by early next year IMO. (~400-500 mil market cap)
I also noticed that the cell was purposely not mentioned in this press release which I think is a good sign. If there weren't any substantial updates coming soon I think Jim would have mentioned something along the lines of, "We continue to meet and discuss our options with various possible manufacturers and expect a decision in the near future."
I would not be surprised if we have either a named manufacturing partner, or acquisition, or both within the next few weeks.
Nice day! Looks like we've found our "normal" volume for now at about ~3 million per day.
Someone slapping the bid down. Where's our white knight to save the day?
We had that patent update "news" about a week ago. I personally don't expect anything this week but I think we will hear something next week. I expect an update on SUNworks, a new project, new sales figures, etc. I wouldn't be surprised if another acquisition was imminent or a manufacturing partner was announced which would definitely bump up the price dramatically until Q3 results are published.
Early next year once the full years financials are released and posted to all of the major brokerages this stock will get much more notoriety and show up on more and more people's stock screens.
eTrade show .1348 and .135 "after-hours"
45,000 at the bell trying to take it down but someone saved us by hitting the ask to finish green.
Haha I commented on the bottom under the name "Steve" and informed him of his error. Glad to see he updated it!
It simply means that he can't claim the loss if he buys again within a month.
Some people just don't have patience. Anything under 1 year is considered short term in the investing world. This guy couldn't hold for 2 weeks..
You can decide to take the risk and sell up top with the hope to buy in lower but its never guaranteed that you are at the top or that it will drop lower. Play at your own risk or simply hold until you are satisfied with the valuation.
Cool except for the part where he says they are a pink sheet company.
Thanks for the wrap up. I'm dubbing it "funday-Monday" with the hopes of some green and some positive news.
*Starts slow clap...
Great explanation. Thanks!
SUNworks revenue alone should easily value this is the .30 -.40 range. Cell news and this goes wild.
Yea most of those articles are trash. Very limited actual research.
Great post and I agree with your more realistic timeline to some extent. I do think that there is a possibility that our 3rd prototype is closer to the manufacturing prototype than you may think. This cell has been developed from the ground up with the goal to use current manufacturing tech meaning it may need a few tweaks but is probably already close to final design.
My timeline is very similar to yours except that I think we are ready to start selling the cell by the end of the first quarter 2015 or 2nd quarter at the latest.
We will get a certain PPS which is almost always at a premium to the current market price. Sometimes you get cash and stock in the new company. Sometimes you simply get stock in the new company at a favorable rate. There are many different ways it could go down.
I think he'd rather partner with a smaller manufacturer.
I don't see anything wrong with Panasonic. I think it gives Solar3D instant notoriety and makes them headline worthy. As long as the right contract is in place I think Panasonic would be a huge win.
I'm a dumb@ss... Didn't realize this is the exact press release. I'll take a mulligan.
http://money.cnn.com/news/newsfeeds/articles/marketwire/1138350.htm
Not sure if this was already posted but this includes a nice summary of the international patent process as a whole and what the move to the national phase entails.
" Solar3D, Inc. (OTCQB: SLTD), a leading solar power company and the developer of a proprietary high efficiency solar cell, today announced it is in the process of nationalizing its Patent Cooperation Treaty (PCT) patent application for the production of its proprietary high efficiency solar cell in four strategic countries -- the United States, China, Singapore, and India.
The Patent Cooperation Treaty (PCT) is an international treaty subscribed to by most industrialized nations. The PCT patent application allows the patent applicant to file a single patent application (often called a PCT patent application), and then later choose which PCT subscribing countries to nationalize in. Once nationalized in a particular country, the PCT patent application is treated by that country as a patent application filed directly in that country on the same date that the PCT patent application was filed, and is taken up for examination in accordance with the laws and practices of that country."
To be expected at this point. Long and strong my friend. Once a manufacturing partner is announced this will skyrocket. If it is a big name like Panasonic... watch out.
I like how this run-up is on lower volume than previous runs. Seems like more people are buying in to long positions although there are bound to be some traders at play.
OTCQB
Yea i think that's incredible. Make more money off of the panels, lessen installation time, increase aesthetics... This could be huge which is why I'm glad to be a part of it!
I would estimate install costs to decrease to at least .40/watt. This will give SLTD leeway to sell their panels at a premium.
"So here’s the breakdown of cost by segment. A typical home system is 4000 watt 1 and a homeowner pays $4 per watt ($16,000 before tax incentives) .
Hardware: $1.76 per watt (44% of total cost)
Install Labor and Electrician: $0.68 per watt (17% of total cost)
Permits: $0.08 per watt (2% of total cost)
Marketing/Outreach: $0.82 per watt (20% of total cost)
Overhead/Profit: $0.66 per watt (17% of total cost)
Total cost of system: $4 per watt ($16,000 for typical home)"
We can assume that the Hardware costs will go down due to a reduction in the racking system and associated components. Also, install labor should decrease as well due to less time required to complete the install.
What's your point?
They weren't making money before SUNworks because the entire companies purpose was creating the 3D cell. Now they have another business unit that produces substantial revenue which further solidifies the business as a whole. 3D cell or not, this is undervalued.
"I can only tell you that the secret has been out for 50 years," Buffett writes, "...yet I have seen no trend toward value investing in the 35 years I've practiced it. There seems to be some perverse human characteristic that likes to make easy things difficult. The academic world, if anything, has actually backed away from the teaching of value investing over the last 30 years. It's likely to stay that way. Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace, and those who read their Graham & Dodd will continue to prosper."
Read more: http://www.businessinsider.com/warren-buffett-graham-and-doddsville-lecture-2014-8#ixzz3AUD7JZV3
"cashing out" and selling to cover the costs of converting all of his notes into shares are two very different things. I think that is all that chiink was getting at.
3 weeks since the last news, we are due for some VERY soon.