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$SIRC: 45M shares will be cancelled and back to the treasury.
https://www.otcmarkets.com/stock/SIRC/news/Solar-Integrated-Roofing-Corp-Announces-Amicable-Settlement-of-Legal-Action-Against-K-Hunter-Ballew-and-Cancellation-of-?id=361156
$SIRC: 45M shares will be cancelled and back to the treasury.
https://www.otcmarkets.com/stock/SIRC/news/Solar-Integrated-Roofing-Corp-Announces-Amicable-Settlement-of-Legal-Action-Against-K-Hunter-Ballew-and-Cancellation-of-?id=361156
Not really sure. Perhaps lack of good communications. Still think Gonna be a Good June.
$SIRC: 24 Job Offers Added 5 days ago at Indeed by Future Home Power https://futurehomepower.com/, a SIRC Subsidiary. The salary can be as high as $150,000 per year.
https://www.indeed.com/cmp/Future-Home-Power-1/jobs?jk=37e7861683d7211c&start=0&clearPrefilter=1
$SIRC: 24 Job Offers Added 5 days ago at Indeed by Future Home Power https://futurehomepower.com/, a SIRC Subsidiary. The salary can be as high as $150,000 per year.
https://www.indeed.com/cmp/Future-Home-Power-1/jobs?jk=37e7861683d7211c&start=0&clearPrefilter=1
$SIRC: 24 Job Offers Added 5 days ago at Indeed by Future Home Power https://futurehomepower.com/, a SIRC Subsidiary. The salary can be as high as $150,000 per year.
https://www.indeed.com/cmp/Future-Home-Power-1/jobs?jk=37e7861683d7211c&start=0&clearPrefilter=1
$SIRC: 24 Job Offers Added 5 days ago at Indeed by Future Home Power https://futurehomepower.com/, a SIRC Subsidiary. The salary can be as high as $150,000 per year.
https://www.indeed.com/cmp/Future-Home-Power-1/jobs?jk=37e7861683d7211c&start=0&clearPrefilter=1
I have not lost any money on SIRC because I have not sold any shares or planning to sell any in the near future. Still buying.
News this week according to two sources at the discord!
Climbed up to $77. Not bad at all. We still have 15 minutes to go. Read this:
$SIRC NEWS THIS WEEK. I am wondering which box we will be checking🔥🔥🚀🚀 https://t.co/rp7ADQLV2S pic.twitter.com/do2mkXXtXf
— DewmBoom (@dewmboom) June 13, 2022
What’s your point? I don’t know what the stock is going to do on a daily basis. I am a long term investor here unless I see otherwise. If I do, I will let you and exit all together. As of right now, I am long and Strong. I am up $60 on the shares I bought today so far.
Yes Indeed!
$SIRC: Time to SLAP the ASK!
Time to SLAP the ASK!
As I indicated to you earlier, it is rare to have an OTCQB AMERICAN company without filing with the SEC. Based on my limited browsing, all American OTCQB companies I found filed with the SEC. However, I came across a large number of Canadian, and some Australian and Taiwanese companies that don’t file with the SEC.
Even if you don’t see the Go button for a US company, when you check below, you find that it is a SEC filer.
https://stockmarketmba.com/listofotcqbstocks.php
$SIRC Accounts Receivable (AR) & Cash In Analysis: Over $28.1M is expected to come in Q2 that will result in Cash Flow Positive Financials. Below are the details if you are interested. Do Your DD!
As of November 30, 2021: AR increased by $40.1M for the Year. Revenue is $66.1M
As of December 31, 2021: AR increased by $54.8M for the Year. Revenue is $84.1M
For December, difference in AR is $14.7M while difference in Revenue is $18M. This means that they get CASH in for December of $18M-$14.7M = $3.3M
As of March 31, 2022: AR increased by $13.7M for Q1, Revenue is $27M. This means that CASH in for Q1 is $13.3M
By the end of November 2021, they had $45.1M in AR. If we assume that the $3.3M that came in December and the $13.7M that came in Q1 were from the AR at the end of November, this means that we still have $28.1M in AR from November that have not been paid.
Based on the above analysis, we should expect a CASH in for Q2 of at least $28.1M. That would be more than double the amount they received in Q1. Thus, Q2 must be CASH flow POSITIVE quarter. This analysis does not even take into account that the $14.7M increase in AR in December alone, won't be paid by the end of June. Anything that is paid in Q2 from that AR should be added to the $28.1M. Well, that is a lot of CASH that should be coming in.
References:
1. 01/20/2022 Quarterly Report - (Amended) 11/30/2021
2. 04/04/2022 Supplemental Information - Year End Report (December 31, 2021) (Audited Financial Statements) 12/31/2021
3. PERIOD END DATE STATUS
06/06/2022 Quarterly Report - Quarterly Report - Period End 3/31/2022 (Amended) 03/31/2022
https://www.otcmarkets.com/stock/SIRC/disclosure
Literally true, but I am talking here about filing and reporting audited financials with the SEC and in compliance with SEC reporting. The SEC does not audit the financials, except when there is an investigation. I thought that was obvious but here you go. Based on the CEO feedback, SIRC is working hard to file Form 10 or S1 with the SEC. That is a big step for SIRC.
That is not the position of OTCQB as it relates to SIRC. They want them to be SEC audited. It is true that OTCQB could accept audited financials from non SEC filers, but it is rare and apply mostly to foreign companies like Canadian companies.
For a company like SIRC that reported $84M in revenue with $18M in net profit in CY2021, and $27M in revenue and $5.7M in net profit in Q1, must have SEC audited filing to take advantage of OTCQB. It does not make any sense to do OTCQB before SEC audit. From a technical financial filing standpoint, SEC filing is the highest priority for SIRC that supersedes anything else for now.
Between potential loans and AR cashing, they see a lot of cash on hand coupled with a huge growth to be a great NASDAQ company. All of us will gain big if we they go to NASDAQ.
In this business of roofing, solar, energy storage and EV charging, I don’t really see a problem for 100% of the AR to be paid.
Accounts Receivable (AR) & Cash In Analysis:
As of November 30, 2021: AR increased by $40.1M for the Year. Revenue is $66.1M
As of December 31, 2021: AR increased by $54.8M for the Year. Revenue is $84.1M
For December, difference in AR is $14.7M while difference in Revenue is $18M. This means that they get CASH in for December of $18M-$14.7M = $3.3M
As of March 31, 2022: AR increased by $13.7M for Q1, Revenue is $27M. This means that CASH in for Q1 is $13.3M
By the end of November 2021, they had $45.1M in AR. If we assume that the $3.3M that came in December and the $13.7M that came in Q1 were from the AR at the end of November, this means that we still have $28.1M in AR from November that have not been paid.
Based on the above analysis, we should expect a CASH in for Q2 of at least $28.1M. That would be more than double the amount they received in Q1. Thus, Q2 must be CASH flow POSITIVE quarter. This analysis does not even take into account that the $14.7M increase in AR in December alone, won't be paid by the end of June. Anything that is paid in Q2 from that AR should be added to the $28.1M. Well, that is a lot of CASH that should be coming in.
References:
1. 01/20/2022 Quarterly Report - (Amended) 11/30/2021
2. 04/04/2022 Supplemental Information - Year End Report (December 31, 2021) (Audited Financial Statements) 12/31/2021
3. PERIOD END DATE STATUS
06/06/2022 Quarterly Report - Quarterly Report - Period End 3/31/2022 (Amended) 03/31/2022
https://www.otcmarkets.com/stock/SIRC/disclosure
70% conversion into revenue sounds about right. If we extrapolate linearly the $110M in 4.66 months to 6 months we come up with $141.6M. 70% of that is $99.14M. If we subtract $27M in Q1, it will leave us with $72M in revenue for Q2. Your estimate of $50M sounds reasonable though. I reported earlier $50M+ for Q2 to be on the safe side.
In general, I agree. Remember that recently they reported a couple of great important news. Those were very impressive.
a. Q1 report with $27M in revenue and $5.7M in net profit as the major highlights.
https://www.otcmarkets.com/stock/SIRC/news/Solar-Integrated-Roofing-Corp-Reports-Record-First-Quarter-2022-Financial-Results-Growing-Revenue-682-to-270-Million?id=357456
b. $110M in sale this year up to 5/20/22, detailing the performance of each division shown below.
https://www.otcmarkets.com/stock/SIRC/news/Solar-Integrated-Roofing-Corp-Provides-Corporate-Update-Reports-Record-110-Million-in-Year-to-Date-Sales?id=358610
The problem I see is that some people like to focus on the glass 1/4 empty rather than focusing on the glass 3/4 full. They look at the company using one dimensional view that is the stock price. The stock price is one metric and can diverge significantly from what the good progress companies they are making. Eventually, stock price will catch up as long as the company is making progress and doing the right thing. I see SIRC clearly making progress and doing the right thing.
Yes. I tell you the company is not only meeting my expectations, they are exceeding my expectations and you tell me about the stock price. The stock price is one metric that is relevant only if you need the money and you want to sell. If you need the money you invested, then you violated the principles that say, you should invest money you can’t afford to lose, particularly in pink sheet non-SEC penny stock. So, essentially, it is your problem. From my standpoint, there is nothing that is making me worried and I will use patience as my winning weapon here.
The point I am trying to highlight is that even strong profitable companies with a stealthy picture go down south when there is diversion in investor sentiment. As for SIRC, one piece of information can drastically change the current sentiment toward SIRC.
You should not be pissed at SIRC if you invested money you can afford to lose or you don’t need, as you are supposed to. If you wait and hold, I see believe you can recover your money and make good profits on your investment. As for lying, I don’t put it in that category. So far, the CEO has delivered and showed a significant progress with the company. I don’t personally see any issues other normal way of doing business with an ultra growth company.
The company is meeting my expectation and I see no issues what so ever, when you consider the company as pink sheet non-SEC filer. I see some people think it’s a NASDAQ company already and want to treat it that way. As such, they are getting disappointed by setting expectations with money they can’t afford to lose or they don’t have the patience to wait.
I will be willing to lose $10,000 for the sake of making $250,000. If people follow the rules of trading and invest what they can afford to lose in Pink Sheet Penny stocks, then you won’t see any crying or whining.
To put it in plain English, here is an example based on my expectation:
$10,000 in SiRC now will become $250,000 by the end of the year if not much higher
$10,000 in TSLA, $CAR, $HTZ, $AAPL and the likes will become $20,000 using best case scenario and highly unlikely
Don’t kid yourself, the reason you are investing in SIRC is for the former profit and not for the latter.
The current investors in SIRC are risk takers. Otherwise, they will not invest in a non-SEC filer pink sheet stock. I agree that other companies with the down market are good investment now and I do invest in those. However, none of them has the potential to increase by 2500% by the end of the year. This is my expectation for SIRC if not more. So, if you are looking for high risk high reward investment, you need to be right here.
But CAR, TSLA, APPL are also down. So, what’s your point? My point is sometimes there is no correlation of how good of a buy a company is and the stock price. Share price reflects investor sentiment and nobody can control that. So, when you are a CEO of a company, you try to do the right thing and you get what you get on share price. SIRC is building a huge company and it looks like a great opportunity to buy and/or hold right now.
You missed the point. So read my post again. You have plenty of time over the weekend. Also, depending where you live, you will likely call SIRC soon for a solar install.
Company’s Accounts Receivable is more than market cap now. At this share price, I won’t be surprised if they start a share buyback program as well as insiders buy program.
Here we grow again!?? Did you know Balance Claims is the largest and most experienced 3rd party administrator in the storm resoration industry?
#insurancesupplementing #supplementing #administration #adminstrationproblems #roofing #roofingservices #roofingcomapny #roofingindustry #roofingcontractor #insuranceclaims #roofingclaims #growingbusiness
$SIRC BALANCE CLAIMS SUBSIDIARY @owenclymer is GROWING! Here we grow again!🙌 Did you know Balance Claims is the largest and most experienced 3rd party administrator in the storm resoration industry? pic.twitter.com/ZDrXgKjl9t
— DewmBoom (@dewmboom) June 11, 2022
Bought More Today: Me Too!
But it’s a minute fraction of the float. So, it is not significant. Also the dollar volume is a fraction of a percent of the peak day trading in Feb 2021 of $84M. Yet the company now is 10 times if not a 100 times better than then. As for dilution, company added about 38M in dilution in 2022, vs 168M in 2021. In terms of dollar value, it’s a factor of 10 higher in 2021 if not higher. So, stick with the fundamentals. This company is in the right business and growing exponentially. PATIENCE!
Is it? Budget/AVIS $CAR is down over 50% in the last couple of months. Yet it’s a NASDAQ, great revenue, great earning and 30% percent projected increase for Q2. On top of that they have a couple of billions in share buyback. Go figure!
$SIRC Financial Summary: Do Your DD over the Weekend
Market Cap: $85M
SP: $0.163
Q1 Revenue: $27M
Q1 Net Profit: $5.7M
Forward Metrics based on Q1: P/R: 0.79, P/E: 3.72
Q1 Accounts Receivable: $70M+
2022 Total Sale as of 5/20 (Actual): $110M
2022 Sale (Projected): ~$400M
Maybe one day when they get the SWIFT CODE. As of right now, Arbiter does not have one.