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I probably know just as much or you or more as I've been on every call and read every transcript.
Is the China deal going to happen or did Joe just lie to everyone on the press releases before he was fired. Now they are saying that maybe something will happen with China during the first half of 2015 which really give them a 6 month window. Without China we are all in a ton of trouble as $5 plus million in retail sales with the e-cig line is not going to propel this stock to where it needs to be. I bought a fair amount at an average of $1.87 recently and I'm losing big on paper in a very short period of time. These guys just can't lie and then get us to buy and then pull a baton switch can they? Then again maybe they can!
Yes. All of us who subscribe to the newsletter received Chucks letter today. Unfortunately, this is not going to move the stock much. We really need a press release with some meat to it to get things rolling. Very frustrating as I think many of us were hoping that they would have a deal done with China and India within the next 30 days. Based on Chucks letter and the new raise and financing that is taking place, it looks like it's going to be another 3 to 6 months of extreme patience. Let's hope this really happens as I don't feel like losing the 25K I currently have riding on this at 47 cents per share.
130k shares traded today and is now below 40 cents. Let's hope its just someone selling for 2014 tax purposes and not something bigger. This is a great entry point if you have extra cash. Chuck said we should have something within the next 3 to 6 months and that was about a month ago. I hope he's correct this time as I'm sitting on 50,000 shares right now.
It's about that time for some decent news to come our way. Hopefully this time it will sustain the stock for awhile and take it to over $2. Something like a larger prototype with better transparency in addition to announcing a trial with a major skyscraper in a sunny part of the US. We need something hear as its been a bumpy ride. I was right within a day last time and now I'm predicting we will have some nice news by no later than Friday of next week. At least that's what I'm hoping for.
The only chance of this happening is if a China deal is announced. If that happens then yes we could see the squeeze you're referring to and see the stock pop up to $4 maybe even $5 rather quickly. Henry said in the CC that something may happen with China in the first half of 2015 which means he bought himself time all the way up until July 1 of 2015. The bigger concern is that the stock continues to dwindle during this time frame if it take this long and we feel the pain. May also be a great opportunity to buy and hold for those who have the extra cash while you wait for China. The hope for all of us is to get the China news no later than January 31st as that will take this stock to the moon.
Well I hope your wrong as dropping into the 5's will give shorts more hope and they may very well take a run at driving it even lower. This could mean margin calls for both large and small investors which is not good. You may think its good and that you will lower your cost basis but I can assure you that it will not be good for the overall masses whom are long.
Ztockings, You're correct as I went back and re-read the transcript. Henry says that he 's not guaranteeing anything but something should happen or be announced during the first half of 2015. This could be January but he gave himself some extra time in case things drag on. Not sure where I got January as somehow it was fixated in my mind. Anyway, I apologize for the mishap and hope that we do have an announcement very soon. I'm not sure the $5 million minimum in cigarette sales that he says they will do in 2015 will get the stock moving to where we need it to be. We need more like $15 million. China is really everything at least in the short term IMO. Add Bonnie and then we have something. Right now it doesn't look so great.
Sorry. I was referring to the V-50 launch from yesterday. My point was that that kind of news is not going to take us where we need to be. I know everyone here says that we need to be patient but we also need to keep in mind that therer are many other great small cap and microcap stocks (with potential huge near term upside) that we could place this money that we are supposed to be patient with right now with ANY.
Thinking about adding more at these levels but I'm not completely convinced it will go our way. Would also need to use margin but I would hate to miss the upside if the China deal really goes through What do you think?
Fair enough. Let's hope Henry's January prediction for a deal to get done actually happens in January. Better yet a December surprise!
If that's the case, then Henry and Joe at the time shouldn't have said that it could be weeks for the deal to be solidified at the time. Now Henry is saying January when I would think that many new investors purchases shares or options based off the previous information. Seems pretty lousy to me. I will hold on but I hope the January prediction Henry mentioned in the last call will come to fruition.
We need your help as a major shareholder. Can't they do more than their currently doing for us. The press release today is a joke IMO. When will they act on the delisting and where is the revenue. PT and EK need to come up with something better that what's happening now wouldn't you say? Hoping for the best as I don't want to see the shorts take this back into the 5's like they did before.
Great. Then Crede, Terren and Henry should get the deal done this month! What is taking so long as at one time they mentioned it would take weeks in a press release. Not sure why Henry said January on the last conference call if Terren Peizer at Crede have the relationship with our Chinese partners. In the meantime the stock seems to be melting away which is very disheartening to say the least.
I understand your frustration. It appears that the China deal is everything when it comes to this stock. If the deal gets done we make out big. if not, we all take a bath and lose.
Do you think we will get any decent news as it seems to be on a downward spiral right now? Some descent news or an break through of some sort will hopefully send it up to $2 again where it has not been for quite some time. Bill Mathews really screwed me on this one so far. However; Bill has done very well for me in the past with many of his picks so here I stand scratching my head. Hoping for something big to happen and will try to be patient in the meantime.
I'm a new buyer of this stock and just bought 12,000 shares over the last 2 days. It appears to me that all we need is the China partnership to be announced (quickly)and for Bonnie to endorse us in a big way after the China deal is annonced. Correct me if I'm wrong but would we not see $5 relatively quickly if these 2 things happen within the next 30 days.
Maybe so but that still doesn't solve our bigger problem of 1.6 million in sales last quarter with lousy margins. Where was Scott on this one. Institutional and all investors for that matter want to see quarter over quarter sales growth. When you go from 1.7 mil to 1.6 the next quarter you have a bigger problem IMO. If they would have done $3 million or more we may not be in this predicament. I haven't sold but I'm very irritated and concerned right now.
When are we going to get some decent news? The stock has once again gone from over 1.80 down to 1.30. I now understand why you dropped out and waited for awhile. Its a very frustrating stock, especially when you have other companies like SLTD and NTCXF in the same or similar space who seem to be in a much better position than NENE to excel!
That is very solid and I appreciate your well thought out analysis. I'm not sure the solar market is as big as the market that Verizon is in but you make some great points on how SLTD can become a multi-billion dollar company. You are very professional and that's the way it should be on this board. I should probably find a way to buy some more shares at .18 or even .19 if I can get filled as this stock very well may jump to .30 or more after earnings are announced. Your analysis sincerely helped. Thanks.
Fair enough as that's a solid answer. Doesn't change the fact that my points are legitimate whether you have discussed it on this board or not. I can't go back and read every post you guys have done.
You were right! Let's hope this holds and heads to $8 rather quickly. I would love to see a short squeeze within the next 2 weeks.
I thought there would be more action to the upside as the technicals were strong to the upside after earnings. Unfortunately the 16% YOY growth and Q4 guidance has not attracted institutional money or many other retail investors. The shorts are still in play until this happens. Make no mistake, we could see a breakout up to $18 over the next 2 weeks.
Yes we will.
Please. The chart does not factor in another 100 plus million shares. The chart factors in 300 million shares as of today. You guys are way to pie in the sky for me! If you're right I will eat crow but I'm not sure this is the case.
What. Unlike me? We'll see what happens. You need to look at both sides of every equation which you clearly don't do. Its great to be optimistic but you seem to be a one way train which is unfortunate to say the least. I'm buying at 13 cents on the dip!
Now that is incorrect info with the exception of China. Global economy is not good overall and US economy is a little better than the global economy.
Good one:)
Its not just microcaps that are down. Its all of them combined. I'm not sure where you got your info.
You need to look at the facts and long term history of penny stocks or microcap stocks which SLTD still is. Its an absolute fact that there typically is a sell off in mid November through January 1st every year for most penny stocks. Why would someone do that? I'm not sure as you and I don't control the markets. I just speak the facts. I can assure you I'm long but we need to have someone on this board speak a little common sense and be real about what may happen to this stock moving forward.
I agree that Sunworks was the right move at the right price but if they want to play in the big leagues (NASDAQ or NYSE) they will need to stop this heavy dilution. The only way this stock will become a muti-billion dollar company is if they up list and get institutional money period. Retail investors like you and I cannot take it to the next level and the OTC market will not get us there either. There's nothing wrong with being optimistic about SLTD's future but you also need to be a realist when it comes to investing.
I appreciate your well though out response but I struggle with what you're saying. If they have approximately 433 million shares versus the 300 million now fully diluted won't that hurt the current valuation. Combine that with the fact that many retail investors could very well sell off prior to the new year (January 1) which they historically do. We could see then see it drop back down to 13 cents. If they can pull off a big quarter of lets say $15 million in rev and profitable then it may hold any even go up. The real problem is this huge dilution in addition to very little or no institutional investments in play. The crazy thing is that I'm long and thinking about buying more. I'm just trying to be a realist and considering being patient and buying in early January on what may be a major dip.
As much as I'm Long and will be buying in big chunks on the dip, I think this is very poor advice. Holding long term can be great based on the situation and underlying stock but short term trading can also be very profitable if done correctly. You really can't worry about capital gains or you may find yourself holding to long. 15% versus 30% taxes or more depending on your tax bracket should not be a reason to hold for over a 12 month period.
Got it. Now that makes sense especially if you look at his website and lack of Senior management or anything else of importance listed at Orchard Parc.
Its my understanding that there will be a total of 433 million shares outstanding come November or now. Right now there is approximately 299 million shares outstanding (at lease according to Yahoo Finance and Google)trading in the market with a float (tradeable shares) of 186 million or so. This float number will go up substantially with the 433 million shares in total. If the shares are worth approximately 20 cents right now you will then need to add another 134 million shares times 20 cents to the equation or you could call it roughly $27 million more in market cap. Someone please correct me if I'm wrong but I believe the new market cap with 433 million shares (Assuming the stock price per share stays the same) will be 58 million today plus 27 million dilution at now 433 million= 85 million or so? I hope this makes sense. The dilution has taken place for a variety of reason. SunWorks buyout, capital raises to keep cash in the bank and pay for expenses etc... and for and stock options for executives and employees. I hope this makes sense. Like I said before, the stock may still go up if SLTD has a great quarter with strong guidance for Q4 but I still think investors should be aware that you they will be buying a company that is worth 85 million versus the 58 million market cap today. The biggest concern as they continue to dilute the stock to let's say over 600 million shares. The real key is for them to up list to NASDAQ or NYSE which will be very difficult to do even with 433 million shares. That would mean that the company would be worth 433 million per share at $1. The NYSE requires that the stock be at a minimum of $1 to get listed. Also, most institutional investors would like to see a stock trade above $5 if not $10 per share regardless of the market cap. There are some exceptions to this rule such as PLUG and FCEL but in general they like to see prices above $10 per share.
All I can say is do your due diligence and understand that the stock will be worth $87 million in market cap (not the $57 million it is today) once the dilution takes place. It could still go up but this dilution currently values the stock at around a 47% premium of where it stands today.
Natcore finally announced who their potential Chinese partner and customer is at the New Orleans conference. Its CETC Solar and let's hope they get the deal done quick. They are running out of cash so the deal needs to happen and another capital raise (dilution) would not be good without a deal on the table!
I love all of your enthusiasm as its much better than a bunch of shorts sounding off. My issue is that I've been trading for quite awhile and this idea of 433 million shares outstanding to the sophisticated investor is a real problem. This means that the market cap at 20 cents (Its 19 cents now) will be around $87 million immediately. Even if they do $13 million in sales with a $1 million net profit through Sunworks I'm not sure that it will get us to $87 million market cap overnight. Its possible but with the lack of cash in the bank, I'm not sure how probable it is. I'm more inclined to wait for a dip based on this new dilution and try and get a entry point at 15 cents or less. I could be wrong but I have seen it so many times with company stock dilutions and mergers that I think I will be patient before my next buy in. Now if they can have a huge Q4 and do closer to $20 million with a $2 million net profit that may change the whole game. Good luck to everyone as this company is a winner regardless of what the stock does over the next 3 months.
$433 million is not that bad for a $55 million company. Please!. I know you're very smart but you can't tell anyone here that Its not that bad when it clearly is. If they had $50 million in the bank which they currently don't (then) it would not be THAT bad of dilution.
Thanks for the update Bucky. I like almost everything about this company and stock and I will buy more. However; I do not like this 430 million plus of outstanding shares number as that is dilution that could eventually catch up with us. Does James have a plan to deal with tis besides a reverse split which usually isn't good for the shareholder.