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You think them posting about a negative balance sheet and terrible numbers is a plus?
If you call posting facts from within the industry “scaring” than you have admittedly said you don’t know enough about the industry or this company.
I literally pulled a quote from the PR from their own words that they are open to be acquired. Read that again.
Lol. They are broke as f*ck. They HAD to switch to selling materials. We have former RGS people at our company.
Installers getting 4 days a week during the week off is not exactly inside info. Their sales people leaving comments on Linkedin on other solar companies pages is also open source info that is seen by anyone that follows them on Linkedin.
You're going to have to try much harder than that. I am presenting facts. You are spewing hope
Nobody is buying now. The volume is dismal and they def have to RS.
Here's your PR. THEY RELEASED THIS. You'll notice the source at the heading is them
"Strategic alternatives to consider may include, among others, a sale of RGS Energy"
https://www.globenewswire.com/news-release/2019/03/07/1749706/0/en/RGS-Energy-to-Explore-Strategic-Alternatives.html
They literally released a PR stating they are up for sale because they cannot stay in business. They acknowledged this lol.
Agree.
The longs here are underwater and are pumping endlessly
No.They are far from it.
Tesla's are far more attractive and have a much better brand and name overall with consumers.
20 years in and still nobody has heard of RGS - Companies like Momentum Solar, Blue Raven Solar, Solar Wolf Energy, Power Home Solar, and Trinity have been around only a few years and have far better branding and are much better known than RGS.
Lastly GAF, the worlds leading roofing materials manufacture has also come out with a solar shingle and will plug into their roofing companies directly. They will also not allow their roofing companies to sell this crap if they are a distributor of theirs.
RGS will fail because of this. If they couldn't win or become profitable with the head start they had in solar during the single best time for the solar industry over the last few years...and now witht he 30% ITC ending this year, they can't do anything right. Management is a joke in our industry. That is very real. Nobody takes RGS serious. They are the Sears of solar. Been around forever, always broke, nobody likes them, destined to fail anyway.
Lol Korenko doesn’t believe in debt.
Zero chance. Zero companies are interested in owning this debt ridden perennial loser. They stopped being a solar company and are trying to become a CED Greentech, Baywa, or Krannich but with a sub par performing product. New Solarias, Panasonics, Sunpowers and LGs are sleek and gorgeous. They are also quickly approaching 400W for a 60 cell module while being over 20-22% efficient.
This company has zero chance of being acquired.
Remember they don’t own the IP. They lease it from Dow and Dow most definitely won’t buy it
More locked prederreds before a following announcement of the RS. People think this is good news as they own class D paper.
No need to apologize. However, in order for anyone to take YOU seriously perhaps you should point / counterpoint with your reasons as to why I’m incorrect with industry logic.
How so? They failed at their own game they were supposedly the first to be in. Now they are putting all their eggs into one state, California. Competing against a company for a industry barely anyone wants to be in and has a very small few customers that like it. Solar shingles.
Couple things:
-Solar shingles are behind in efficiency
-They don't look that great with houses that have dormers, valleys, or hips. How many houses you see being built today are straight gables?
-Modules are consistently increased for efficiency with the large amount of manufactures all forcing themselves to increase and innovate. Both in wattage and efficiency. RGSE will have to constantly be changing and improving this to stay competitive. When siting this against the LG, Canadian Solar, Jinko, Axitec, and Silfabs of the world...they can't execute.
-Tesla's look way better let's be honest here. If Tesla can't actually sell enough of these don't believe that RGS will.
-Actual numbers. When you configure a reroof and Hanwhas or Silfabs in real pricing in MA or MD it is 350 a sq for strip and reroof and 3.15-3.75 a watt. It's still is cheaper than the actual cost of the PH3.0
-Sistine Solar skins can make a LG340 mono covered in 85% skin still more efficient than this and look WAY better see here - https://www.sistinesolar.com/
-Dow / Dupont will NEVER acquire a company that literally gives them mailbox money monthly from each sale without having to lift a finger
This isn't comparing their fins or any of that. This is just within the industry. RGS was never taken as a premiere company. Rather, a company that focused on volume like Vivint or Sunrun. Now, they are trying to sell a premium product with a brand that has never accomplished that upper echelon of quality.
Although RGS may have a good plan in basically becoming a material vendor by exclusively selling to roofers and whatnot, they can't do it without a massive capital injection. Not only are they going to have to begin higher lots of units, they will now have a totally new set of problems on their hands. Ones that even Canadian Solar and many others can't do profitably and don't forget those companies do utility scale and heavy C&I. Issues like distribution, trucking, marketing and so on. Lastly, management at this company is honestly a laughing stock within the industry which hurts their credibility. A few points aside, this has zero reason to move north UNLESS: They can show they can overcome all of this and deliver. In other words, 3-4 quarters from now. When you factor in the ITC being cut 4% and another 4% over the next 20 months.....ouch.
GLTA and cheers
Exactly. The BS being spread here without solid theory is ridiculous. Dow isn’t buying a company they make nothing but profit from woh a license deal. Anyone that thinks Downis going to purchase a company riddled with debt simply to buy back their own IP doesn’t understand how ridiculous that actually is.
Dow makes more money strictly from just getting a fee from every shingle sold in their current situation. RGS bares all the costs of marketing, production, trucking, and distribution while Dow just collects a fee. Dow will never purchase or merge with RGSE. Lastly, modules increase efficiency and wattage size rapidly every quarter. The shingles are already way behind on efficiency. Within 18 months they will be embarrassingly behind unless they constantly re do and improve this. That is exceptionally cost intensive and something RGSE can not afford to do. Switching to only shingles is short term thinking.
All these problems while Dow continues to collect a fee. If you want to play this game invest in Dow, def not RGSE
This is literally the dumbest thing a solar company can do
Nobody will come in with a 10% holder already in place controlling the majority of voting shares. No institution is coming in without reorganization of the board in their favor and controlling interest. Cadwell has made sure of it. It cures cancer remember? You honestly the share price is keeping money away? It’s not the price of shares. If it’s a buy it’s a buy. It has zero to do with the cost of a share as to why nobody will invest in this.
Because after 10 years nothing ever happens. Over 120 months later....it’s the ssdd
Better question is why is anyone in this other than to flip i?
A company that turns zero revenue, cannot attract a real CEO and HAD to bring back a former board member, been evicted once and asked to leave to from their last landlord - which was their largest stakeholder, that has been denied twice, has a CEO that works form his spare bedroom, has been to 3 micro begfests and walked away with ZERO offers, cannot attract any financing unless its straight toxic af and has not actually cured - only treated as of today.....
You were saying?
Until you can prove, physically prove ALL of this is incorrect. With 3rd party data. You have been the one that has looked foolishly.
PS you can't either because the court states they were evicted, they have failed several times, they have RS twice, they have walked away form these 3 times empty handed, and so on.
But please, tell me how this 30M + shithole is going to change the world from Korenko's bedroom without any money. If Cadwell, the stakeholder and controlling voter wont invest any funds into this at 74 years old (and has the most to gain from it) and on his way out to be philanthropic....If he cannot see the value in this tell us why you do
Just when I think RDGL could t possibly put out a wise filing, they show me they can.
Don’t expect anyone to pony up any real money for this when the former CEO throws a lawsuit at it. Knowing they don’t have any money to pay him to go away. He wants them gone and closed.
This is done
7 more months? Lol ouch
It’s not a group keeping it down. It’s 98% of the solar industry. The industry as a whole doesn’t run well. 9 out for fb10 companies lose money in solar. Clearly this management isn’t the 10th
My company goes head to head with them everyday. They are doing terribly and losing marketshare to us and many others.
For a solar installation company that cannot be profitable in the boom of solar the last few years tells everyone what they already know.
You realize they are so broke and are looking for a company to rescue them right? Their own filing states they need someone to aid them. If they really had that many signed POs or signed contracts they could easily, very easily get someone to finance them. Goldman or Morgan who fund the majority of underwritten of the residential solar market.
Nobody actually wants this.
It’s too costly
It’s way less efficient
None of these three are interested in this. RGSE went in too heavy on a gamble. The solar shingle won't happen. The typical modules are already vastly outpacing with efficiency and aesthetically are being improved quarterly.
Add to this that Solar Skins are now incredible and this product is useless.
The debt this company has is too much. Nobody needs to buy RGS to get the shingle if they want it anyway. Just wait for them to file and then approach DOW for the rights once RGS files 11
Lastly the cost for these is outrageous. Sure in states like CA and MA where the incentives are good it is somewhat okay. Places like TX and FL where this is no state incentive this is financially ridiculous
Jobs sold the first Apple in less than 18 months. Not 120.
The fact that you compare this to Apple over 30 years ago speaks volumes
Don’t need to. Month after month year after year the stock price sinking along with the debt rising is proving the shorts correct.
What do you call a company that after a decade still has no revenue? A hobby
Yes bc a hedge fund / financier won’t buy 8 shares at .002 but they certainly will buy 1 at .16 after the split.
Lol
Nobody is buying this with a 10% holder controlling it. After all this time you think the price is keeping funding away? Lol
It already split once and it dropped. It will do it again
Once completed it will. It won’t be completed until October
Your shit may or may not be pushed back quite a bit while they reorganize
http://app.info.fda.gov/e/es?s=2027422842&e=194506&elqTrackId=78D8A052C380BCBFF284D754BEBE9730&elq=94b3cc7ca33f4549945bfe032cee99cc&elqaid=7168&elqat=1
Lol riiiiight
You can’t sell a building you lease, nor do you get a piece of the sale even if it’s sold while you’re under lease. The license is leased annually. The contract between them stipulates this and is clear under force majeure. RDGL gets zero on a parent acquisition.
The difference between RDGL & the rest of those companies is one thing. The only thing that matters.
IP
RDGL doesn’t own Radiogel. Battelle does. There is no reason to acquire. There is nothing to buy.
It’s why after 10 years nobody has made an investment without toxicity.
If y'all think this accruing more debt with a communist partner is a good thing, you're in for a rude awakening.
The proposed new location news is already out. I am asking respectfully why the longs here think this will push the stock price higher on news of opening?
The news is out already. In fact, I think it may push the price down. If RDGL does in fact open the facility on their own as THEIR facility it will cost money. Funds they will have to pay interest on and borrow. Until it proves profitable or proof of concept (the only two things that actually matter in commerce) Its a drag on them.
Now, if someone else has a facility and they utilize Battelle's Radiogel sure it will give RDGL a trickle of income but remember this. They will now have to manufacture this, market this, pay a commission to the facility administering it / or wholesale to them to retail it as well as and perhaps the most important thing...pay Battelle a licensing fee as sated clearly in their agreement.
The latter is the way they should do it. Let someone else carry a decent amount of costs involved and just collect a margin from it.
I tend to believe the new whatever they open will be a drag on the SP.
It does this on all other companies listed. When a company announces a closing or restructuring it boosts SP bc it translates into better margins. Increasing costs won't bc this company is already in so much debt and Korenko has shown that he is not a retail or sales person by any means
The FDA gets a submission of data. That is what they do their study and process on, period. They do not care who’s on the board of the company or whom the CEO is.
Everything you stated is irrelevant.
The data they will receive is the same data the large company Battelle already had. The same data that ADMD had. This same results were submitted once already.
Not one single drug or device has been approved via the same pathway since ADMD submitted that since. The precedent is the same. The FDA will not pass this without clinicals. They stated this in their report.
Seems odd that anyone would invest in this without reading that very report.
You do realize they already did this exact process once before years ago
Tested on animals
Submitted a premarket 510
Had Dr Fisher submit
And failed
The 20+ page denial stipulated that due to having nuclear polymer injected it required clinical trials. Straight from the FDA. Nowhere did it say provide results on cats or dogs and we will accept this as a viable efficacy
sigh....
They did this already too.
Nothing new for the 510
Second time news comes out when note holders can sell. Korenko is a special guy
Bullsh*t. Their agreed PAR value was not set at 005. Do the math on shares agreed and their investment. That would have put them well over the 2B they had. Which the CEO was public stating they wouldn't do a RS after the deal was struck. So you want us to believe he’s lying with criminal intent?