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Nice. No changes in OS, restricted or unrestricted shares. Hopefully we see that Yield Sign lifted tomorrow.
$CYBL: Processing Time 3-5 Business Days. Tomorrow is Day 7. IMINNENT Lifting of Yield Sign. Hopefully tomorrow.
• Disclosure documents are generally reviewed within three to five business days of being posted
to http://otcmarkets.com. However, these time frames are subject to change during busy filing
Once the report has been filed through OTCIQ, the Compliance Department will receive a notification and will reach out with any outstanding comments
https://www.otcmarkets.com/files/Pink_Market_Filing_Guide.pdf
Based on this analysis in my previous post, stock should experience minimum selling pressure from one way dumpers.
Here is some GOOD NEWS on Share issuance but please keep in mind that the accuracy of this data is as accurate as the source. The conclusion of this analysis is that all shares issued after 8/19 are restricted and cannot be sold immediately. I included the source of the data and where it came from. Calculation is my own calculation based on the data. Feel free to ask any questions you may have.
$SIRC PLEMCo: $SIRC PLEMCo. This is huge. 53,000 miles highway with charging stations…Remember that PLEMCo has a blanket contract with GSA
https://insideevs.com/news/610521/biden-harris-approve-35-states-charging-infrastructure-funding/
$SIRC will soon unlock $100M in banks funding. Remember that SIRC has already identified Westpark Capital bank: http://wpcapital.com for NASDAQ uplisting.
@dewmboom just added some $CYBL shares
Follow @dewmboom if you like my tweets on $CYBL and you will get more! https://t.co/uGQXA9sI6H
— DewmBoom (@dewmboom) September 14, 2022
I think they are getting there. They started with the new arrangement for the merchant cash advance reduce interest rate drastically. That is a first positive sign. Second, they should be getting some bank funding to pay off debt and move on. The debt amount is not that much. It’s about $24M. They have more AR than that amount. We are getting close to a new era when some bank funding is announced.
It is not useless, but the SP took a hit because of OS increase due to share issuance, conversion from Series B to Common as well as the addition of new shares from within the OS to the float. For example, between 8/19 and 9/8, 26.5M common shares were issued and added to OS. In addition, the FHP executive Jason Newby reduced his holding from 42M shares to 26.8M. That is a reduction of 15.2M shares based on the comparison between Form 10 as of 9/6 and Q2 as of 6/30. It is believed that he sold 5M and awarded employees of FHP the rest. We don’t really know when this happened between 6/30 and 9/6.
Essentially, between 6/30 and 9/8, close to 57M shares issued and about additional 15M added to the float for a total of 72M shares. The trading volume for the same period was 220M shares.
All this share issuance has put a pressure on the share price. However, that won’t be for long if the company manages to unlock the bank funding tranches of $100M that they keep talking about. In totality, despite what is happening SIRC is grossly undervalued relative to peers. It’s a hyper growth company with PROFIT. So, it is catching up.
Yes. That is the idea. Also, the cash flow in residential business has a shorter cycle. More business there should make it cash flow positive. But even then, they still need access to cash fast. Here comes the good line of credit that Brett had arranged to replace high interest Money Cash Advance (MCA)
None of these issues are of concern for a company growing revenue and profit. They will most likely have POSITIVE CASH FLOW by end of the year.
$SIRC BRILLIANT NEWS regarding Money Cash Advance (MCA). This is a GREAT step in the right direction.
The “awful loans” have been fixed as #RBCapital has already given the money to $SIRC so they don’t have to take anymore MCA loans! The 44% interest has been replaced with 8% with no ties to the stock in any way! It’s a straight line of credit with zero dilution! @deborahrachelb
— Brett Rosen (@BrettRosen325) September 11, 2022
Have a good Sunday!
$SIRC: Brilliant News from Brett regarding Merchant Cash Advance.
The “awful loans” have been fixed as #RBCapital has already given the money to $SIRC so they don’t have to take anymore MCA loans! The 44% interest has been replaced with 8% with no ties to the stock in any way! It’s a straight line of credit with zero dilution! @deborahrachelb
— Brett Rosen (@BrettRosen325) September 11, 2022
$SIRC: Brilliant News from Brett regarding Merchant Cash Advance.
The “awful loans” have been fixed as #RBCapital has already given the money to $SIRC so they don’t have to take anymore MCA loans! The 44% interest has been replaced with 8% with no ties to the stock in any way! It’s a straight line of credit with zero dilution! @deborahrachelb
— Brett Rosen (@BrettRosen325) September 11, 2022
With the Huge revenue predicted for Q3 and the potential funding, the sp could skyrocket way up for SIRC.
Dilution Starts on Sept. 13, 2022. Read it right here. https://www.otcmarkets.com/filing/html?id=16065665&guid=NRw-kKnxA_nXh3h
and Here:
$LTMAQ registered 605,801,285,307 shares with the SEC on September 2, 2022. 73,809,875,794 will be placed on Sept. 13 at US$0.01083865799 per shares. Rest my case. GLhttps://t.co/sbQnQJtwb4
— DewmBoom (@dewmboom) September 9, 2022
Sold my entire position in this stock after discovering something I was not aware of in relation to big dilution coming.
Form 10 is in. Let’s have some fun.
$SIRC FORM 10-12G has been FINALLY filed with the SEC. 🔥🔥🚀🚀 Now let’s have some fun.https://t.co/820jDnJVpB
— DewmBoom (@dewmboom) September 9, 2022
Added a small position here. Up 62% for the day. I have been watching this for quite sometimes. The price went way down on bankruptcy approval news. Which is GREAT for the company. Remember that Delta Airlines owns 20% and the very rich Qatar Airways owns 10%. This could potentially be to investors what Hertz did. I added something that I can afford to lose. This is Certainly VERY HIGH RISK. Play it safely. Good luck and follow @Dewmboom.
Let’s delay Form 10 until we are sure we can get funding shortly after. Why the hurry to satisfy the interest of short term investors. I am long and don’t mind the delays. $SIRC PATIENCE!
Of Course. Other States and the Federal GSA blanket contract should take them a long way. That is the beauty here!
Yes, but California now in the lead. SIRC has a very strong presence in California. That is why California is of special high interest. Both SIRC and PLEMCo originates in California.
BOOMING BUSINESS FOR SIRC
$SIRC PLEMCO EV CHARGING STATIONS: Many charging stations needed in California to achieve the ban on ICE by 2035. More solar power is also needed to supplement needs. ZEV now at 16% & will be 35% in 2026. Take a look at what is expected. BOOMING BUSINESS for @SIRCStock 👇🏼👇🏼👇🏼👇🏼👇🏼 pic.twitter.com/drYiqCtaLy
— DewmBoom (@dewmboom) September 4, 2022
Agreed!
What is at Stake for $SIRC Shareholders?
1. SEC FORM 10 FILING ANYTIME
2. OS UPDATE SHOWING 37M COMMON SHARES REDUCTION
3. BANKS FUNDING
4. NASDAQ UPLISTING LIKELY NEXT YEAR
SIRC is a profitable company with $93M in revenue & $24.5M in net profit in 1st half of 2022. That is an impressive performance by any measures.
When I look at my portfolio, I see that I bought shares at 0.12, 0.13, 0.16 in June, just a three months ago. I also bought shares at 0.20 and 0.21 on July 5, less than 2 months ago. How could I justify complaining? Are there delays? Yes. But at the end, the company is delivering. We will soon look at the current price range just the way I am looking at the price from 2 or 3 months ago. PATIENCE.
What is at Stake for $SIRC Shareholders?
1. SEC FORM 10 FILING ANYTIME
2. OS UPDATE SHOWING 37M COMMON SHARES REDUCTION
3. BANKS FUNDING
4. NASDAQ UPLISTING LIKELY NEXT YEAR
SIRC is a profitable company with $93M in revenue & $24.5M in net profit in 1st half of 2022. That is an impressive performance by any measures.
When I look at my portfolio, I see that I bought shares at 0.12, 0.13, 0.16 in June, just a three months ago. I also bought shares at 0.20 and 0.21 on July 5, less than 2 months ago. How could I justify complaining? Are there delays? Yes. But at the end, the company is delivering. We will soon look at the current price range just the way I am looking at the price from 2 or 3 months ago. PATIENCE.
What is at Stake for $SIRC Shareholders?
1. SEC FORM 10 FILING ANYTIME
2. OS UPDATE SHOWING 37M COMMON SHARES REDUCTION
3. BANKS FUNDING
4. NASDAQ UPLISTING LIKELY NEXT YEAR
SIRC is a profitable company with $93M in revenue & $24.5M in net profit in 1st half of 2022. That is an impressive performance by any measures.
When I look at my portfolio, I see that I bought shares at 0.12, 0.13, 0.16 in June, just a three months ago. I also bought shares at 0.20 and 0.21 on July 5, less than 2 months ago. How could I justify complaining? Are there delays? Yes. But at the end, the company is delivering. We will soon look at the current price range just the way I am looking at the price from 2 or 3 months ago. PATIENCE.
$SIRC PLEMCO EV Charging Stations.
The administration will award billions of dollars in additional grants through the end of 2022, including for electric vehicle charging stations.
https://www.reuters.com/world/us/biden-administration-touts-1-trillion-infrastructure-bill-2022-08-19/
Indeed. This company will be over $1 very soon IMO. There are way too many positive things going for them.
OS will be reduced to 523M shares or higher for now. The OS is not a problem for this company.
$SIRC Hunter Settlement OS Reduction:
Scenario 1: OS reduction of 45M at first, then the issuance of 8M to Hunter employees to effectively reduce the OS by 37M shares
Scenario 2: Implementing both elements in Scenario 1 simultaneously where the OS will be reduced by 37M shares
So, the effective reduction in OS is 37M: 45M in from Hunter to Company and 8M out from Company to Hunter Employees
The effective reduction in Preferred B is 800K down to 3.7M for the CEO. Essentially the CEO cancelled 800K in preferred B shares.
Remember that $SIRC PLEMCo has a contract with the State of California in addition to the Federal Government GSA Contract.
PLEMCo
Cooperative Contract from State of California
Electric Vehicle Supply Equipment (EVSE), MANDATORY Statewide Contract
Expires 3/26/2023 https://www.coprocure.us/solicitations/d8228ed8-3e3f-4965-94af-9e2fd00b0dba/contracts/state-of-california_1-18-61-15a_plemco?tuid=3745033510189940&tsid=4448086692232054
Remember that $SIRC PLEMCo has a contract with the State of California in addition to the Federal Government GSA Contract.
PLEMCo
Cooperative Contract from State of California
Electric Vehicle Supply Equipment (EVSE), MANDATORY Statewide Contract
Expires 3/26/2023 https://www.coprocure.us/solicitations/d8228ed8-3e3f-4965-94af-9e2fd00b0dba/contracts/state-of-california_1-18-61-15a_plemco?tuid=3745033510189940&tsid=4448086692232054
$SIRC: Profitable Revenue Growth for the first half of 2022 is 715% ($93.3 vs $11.5M). The EV charging sector was still in its infancy, but revenue growth was 800% ($1.89M vs $2.1K). With EV interest & the ban of ICE in California in 2035, EXPONENTIAL GROWTH is expected for SIRC PLEMCo subsidiary. STAY TUNED!
$SIRC: Profitable Revenue Growth for the first half of 2022 is 715% ($93.3 vs $11.5M). The EV charging sector was still in its infancy, but revenue growth was 800% ($1.89M vs $2.1K). With EV interest & the ban of ICE in California in 2035, EXPONENTIAL GROWTH is expected for SIRC PLEMCo subsidiary. STAY TUNED!