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So I don't think this will backstop at .05
I think the bigger problem here is people want a full year of sales before they will jump on the bus. I could be way off here but I think the deciding factor is RGSE inability to execute year after year and be taken seriously.
They have 4.5 years to sell 50 mW of residential solar roof shingles that are significantly more expensive than the average cheap to mid poly / mono panel most of America is installing for less than 3 a watt post ITC.
In areas where folks who can afford to pay more we are seeing these individuals are more interested in quality modules with a long history and a brand name like LG and Panasonic. Aesthetically these panels are very attractive also. The other major hurdle here is nobody is discussing the hurdle of energy storage linked with these. In California the amount of people installing batteries per roof sold is nearly 1 in 3.
TLDR - I think most folks are waiting to see how the first year goes with sales because it is the barometer. After the ITC drops this year it will significantly hurt sales in all of solar, especially these with a higher cost. I think this eventually goes to double 00s
The vast majority were given as compensation.
Means nothing
Read the denial letter from them. It’s here somewhere. I believe a handle named something goggles ______goggles or was it Dr Evil? Did a freedom of info act and had it released and printed it here.
You now only have 4.5 years left
They had these results in 2014 when they did animal testing 5 years ago too.
Strange no mention of that
Doing a AS raise is equal to if not worse than a RS. The fact that you are minding to defend a AS raise to hopefully prove someone wrong shows your emotion is more important than facts or money. Lol. You are delicious and showing folks here that you act out of rage and post nonsensical hope based in nothing but being upside down and needing this to increase.
I post real issues here that this company has in the real world. 3 Years this product has been out. How many installs of Dow's / RGS's solar shingles?
Exactly.
Yea you’re right, like you said or 5 years. It’s been more than 10 and it was 5 years ago they already did the exact same animal testing. Then Dr Fisher himself walked this to the FDA...where they failed for the company’s 2nd time...and RDGL’s 3rd time overall. See a company had this before RDGL / ADMD and submitted this previously and it failed there too. This product has been submitted 3 times to the FDA in over a decade + and had animal testing already. The FDA has already given ADMD (then) their recommendation for submission from their last failure and they clearly stated in their 21+ page report to have clinical trials executed.
I suppose anyone would have read all this before putting any money into it however. If I were hungry waiting to eat my words on this company I’d starve to death.
Meanwhile Caldwell is making 10% on his money annually for the last 6 or so years backed by the warrants as they go to RS for the...how many times now?
This is never going to happen. Ever. Korenko is a puppet just like Katz was. The CEO is t running this company the largest shareholder is a d has been.
You were saying?
This is binary and business. Hope and believing don’t have a place here. Grow up
It’s realistically pennies for each dog to be treated. Let’s be honest. Caldwell could’ve written a check and had all five done within a month. Yet no one seems to ask why it’s taking so long or that Caldwell won’t write a check totaling less than a 100k for a company he is majority shareholder to bring this to the next step? Right. Wake up. They literally already did animal testing then waited years to do it again. Now they are dragging it out.
Seriously?
They also have steam powered transportation and my socks are black....what does this have to do with this paper elephant
They are easing their AS = lol
They need to sell a MW a month just to keep the licensing. A MW a month. That’s something only the top 20 or so within the industry do. Of those top 20 majority do C&I as well. This product doesn’t work for either. A MW a month residentially is exceptionally difficult to do and only a handful can.
Once the ITC drops to 26% then 22% this will become impossible. There’s only 8 months left of 30%.
This company is flat out a failure
Don’t do it. Place your money with a company that has a real shot with innovative people at the helm and a product that solves a problem or is actually in demand
Lol took off. It went up before the news and a few days after it was back down
No. So far for the last few 12 months when they release news it drops
The only person that is incorrect here is yourself. You have been so far, incorrect about almost everything stated.
Incorrect. They are not producing anything. Dow is still making them. They bought the license. If they need to pull a permit to reroof the house. Remove the existing roof to install these, and are using roofers to install these it’s a roofing company.
Don’t try to fight it. You should be happy. Asking publicly in a PR for someone to purchase them bc they have failed in the very industry they were the first in is the first step in correcting any problem. They failed as a solar company. They are now considering themselves a roofing company. I bet they change / alter their name in the next 24 months.
No. RGS is now recruiting roofing companies, selling roofing supplies and laid off electricians that previously installed solar panels. This, making them more of a roofing company than anything else currently
The very fact that a shareholder feels the need to tell this company how to market it even if to market, further states how much of a terrible company and how inept management is.
Something we have been saying for years in this industry.
All you have done is validate how actually terrible this company is.
The comments from that podcast are far better and unbiased with truth.
They already have millions in revenue. I don’t think you truly understand the mountain of issues that are ahead.
Why? Why would he have anything? If he had something he would tell you. Follow the actions and the patterns here. For a decade it has been nothing. In that decade Korenko was on the board - nothing got done. Katz was CEO - animals were tested but still, nothing got done. Now Korenko is CEO - animals tested and? Nothing getting done.
Caldwell alone controls this with his shares and years of lending.
Korenko doesn’t have anything up his sleeve. Period.
Price reflects what the street is thinking. This is a trips stock until they can prove otherwise.
No. Todd and David are not. Blackstone also has no eye on RGSE.
Please stop with throwing out BS claims.
Lol there are stocks that are over 300k a share and people call this high
Margins have been cut by more than half and the amount of pages preluding to the negative side more than double the optimistic information.
This filing read openly is terrible
They need to sell 50 MW within The remaining 55 months (5 months already gone)
That’s 55 months to sell 50MW residentially. -no commercial applications will use a product that is far less efficient as well as most have flat or metal roofs.
50 MW residentially for a product that not many finance companies will sign on to underwrite.
Their own SEC filing has so many warning pages stating their doubt about this again, mentions the possibility to be acquired rather than continue on as hoped. As an investor or not, that’s very troubling
Lastly, their fins are a gigantic red flag
Jesus
You seen the SEC filing? lol
The underlying fact is you still cannot deny all that was written because they are either fact or well received opinions within the industry and among investors. The proof is the share price. The idea that you are trying to compare all of this with useless and incorrect info about earthquakes only proves that you read it and your rebuttal is....earthquakes. Lol. Something was shaken alright. The confidence of the longs.
Oh and by the way, the Smithsonian is incorrect. Here are “major” earthquakes with 6.5 or above. Several in the last 25 years
https://www.conservation.ca.gov/index/Pages/ca-big-quakes.aspx
There was a major, catastrophic one only 25 years ago in Northridge / LA and everything I stated is very real. So real that RGSE, TSLA, & GAF combined have only sold a handful.
Good luck trying to make a horse race of this empty, broke shell.
The real reason why solar roof shingles will never make it
Utility scale solar panel manufacturers are profitable - This is because they sell modules in tens of megawatts range per manufacturing location. Silfab, Axitec, Jinko have several facilities pumping out more modules. Economies at scale always help. These companies can afford to constantly re innovate and change their product line as they already do bi annually. For solar shingle companies to have to re tool and improve will cost them a fortune. Money they do not already have.
Community solar - A very real hurdle and one that is being considered a workaround in California so they can be exempt for the new 2020 law.
Inefficiency - Current solar shingles are already 10-30% less efficient than modules. The truth is the vast majority of people purchasing solar are doing it for financial / savings. No intelligent individual is interested in paying more for less result. The ROI is dogshit with solar shingles.
Distribution - I spoke with GAF and they are having an exceptionally difficult time with this major hurdle. If GAF is having a hard time and they ARE the 800 lb gorilla in the roofing industry, everyone else will too
Lack of trust in new products
Name brand - Only two companies have the name behind them Tesla and GAF and the one that is a household name - Tesla - isn't fairing well with their CEO making more bad news than good.
50+ years of proof to less than 5 - Solar panels have been used since the late 60s. People trust actions and consistency far more than new tech. The people that can afford solar I am speaking to here.
High cost to install - Simply put, solar roof shingles for as much as everyone wants to state that its cheaper if building a new house to do solar shingles it really isn't. Whether in CA, TX, or MA it isn't, truthfully. Call a roofer and ask them give you a quote, per square for 30 year architectural shingles, then go one Energysage and get 6 quotes for solar installed with 21% LG panels and it is still much cheaper than having any of the current solar shingle companies give you a price....if you can even find a company that will do it without asking you to wait 4 months for permitting and to have the stock to install these
Too many states require panels be installed by licensed electricians- Electricians don't want to become roofers. The states that require a licensed electrician be the one to install modules? The same states that are full of affluence. Very, very few journeyman and zero master electricians want to be roofers.
Dormers, hips, valleys - So the whole point of the solar shingle is to make it as seamless as possible or as aesthetically pleasing to the eye. Unless you have a gable roof without a single dormer or drop down this defeats the very purpose.
Sistine Solar Skin - A new product that barely decreases efficiency to wrap a solar module with a color matching film to camouflage the solar and have it blend more seamlessly than solar shingles do
New homes that require solar - New homes being built today are so efficient electrically they don't need much more than only a handful of panels anyway. This compounds the problem of profitability for solar shingle installers. Solar companies make more profit on larger systems. With the already high price for solar shingles there isn't much margin to be competitive for solar companies to make enough margin to want to keep the product line. I do not foresee a roofing company or solar company taking on a partnership with RGS and keeping it more than 2 years at maximum to only see a couple.
Economy at whole - The economy has been incredible for over a decade. The longest bull market in history. Housing and jobs are through the roof. Right now people are over extending themselves and over spending on their homes they can barely afford. Take into consideration when the market turns around and it certainly will soon. Solar in general will take a massive hit. Any company not stockpiling cash will close. Companies like RGS will absolutely default as they have never been in worse conditions in their entire history as to have to advertise they are open to be acquired because they are so bad off right now. With that said, NOBODY that is willing to go solar will be spending even more for a worse return in a down market / recession.
Based on?
Selling embarrassing low amounts of solar shingles?
The dogshit fins coming next week?
The inept management that no one in the industry respects?
Their burn rate and minimal cash on hand?
The far more funded, branded, and better executed competition?
Why would this run beyond your hope? Hope doesn’t push a stock
You 100 can and it already is being done. Without the polymer, bc that’s not needed
Jesus Christ that’s all they have? Millions in debt they only sold 113? This company is completely fucked
For the last year with this company news hasn't done anything positive. In fact go back and look at news release dates and you will see the reverse.
News can't help this. It needs revenue and not just 100K
What's the efficiency rating of this product again?
If you have to even suggest this, it shows that you nor anyone else has faith in RGS's marketing or ability to execute on their own
You’re right? How is Tesla doing
Or GAF?
There’s only one analyst lololol.
It’s a dilution wall. You guys ever traded before?
The only one freaking out, posting in caps, and using multiple punctuations is you. Rest of us are pointing out facts and quotes from Dennis /RGS.