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This stock is clearly getting pumped. Which is what is saving Abe's sells from sending it further down. With out the sells it would be higher. The entire reason I went long was because they were pumping again like the old days. Stock went all morning day I bought with <10K volume, then suddenly massive market order buys at around 11 just in time for Abe's sales. Looks to me like a somewhat less that judicious use of client funds by some unscrupulous brokers, but who am I to say.
Anyways it's a good way to make a quick buck.
But pumps have only a transitory effect. This isn't the first time, or the second, or the third, that everybody got excited about the summer pump. Perhaps this time is different? I doubt it.
It wasn't too long ago that anybody saying the stock would be $2.00 in summer of 2017 would be laughed at. Now $2.00 is positively thrilling and proof positive of a prudent investment decision.
So if you do the math Abe always sells a lot... it's always been a problem. Usually he sells in two batches a year, this is the longest running batch ever so far.
Still, it's not like what is going on now is far removed from the ordinary, but the ordinary hasn't been so great.
Excuses keep piling up.
- Insiders aren't selling!
- Abe just needs some spending money.
- Abe just needs to buy a car.
- Abe just needs to buy a boat.
- Abe just needs to buy a house. <----- We are here
- Abe is liquidating his assets before Sunworks has to.
LOL
Second time in a row you called this, nice work.
I actually thought he was done. This is by far the biggest selling spree he has ever done.
Latest solar stats just came out:
https://gallery.mailchimp.com/9c5dd11d6600016d7969fc094/files/8b55224e-1393-4370-9a8a-46d6125ba124/OhmHome_Monthly_Solar_Index_June_2017.pdf
I haven't even read it yet so no bias in decision to post it.
The three stores I found which are in the permitting phase right now (according to the info I found) were all near one of the already established Sunworks offices in California.
Basically its about 750K in proven deals.
Who cares? Someone asked me a question I answered it. The answer to the question is: Whole Foods.
If this was two years ago people would be happy to find out the name of the grocery store chain management hinted at, and that it was Whole Foods.
Personally I don't think it's a big deal, but it's the kind of thing I thought other people would think is a big deal.
I dug a little deeper this time cause somebody told me there was a guy who claimed he saw proof but wouldn't divulge the same of the store. So I found out myself and now everybody gets to know that Whole Foods is the unnamed grocery store they mentioned in the CC instead of just that guy. Public service!
Also there are actually 3 stores they are doing installs on that I found, not just the two. Still early in the process though, unless my info is really outdated we won't be seeing it in Q2.
Each one is for a little under 250K it seems. Not really a big deal in and of itself but maybe they can harvest the Whole Foods brand name for PR.
Hope they finish up before AMZN picks them up since AMZN might not be too happy about how SUNW violated their NDA with last years Pioneer Day pump.
I assume because it can obtain more solar radiation? It's not a difference in PV efficiency. Anyways even if I suck at science and am 100% wrong, we are still just arguing about something the company claimed they would do any then never even proved the concept much less commercialized it.
They still spend $10M to develop it, with only $1M of that going to R&D. About $2M going to pay for Nelsons salary and the rest to make guys like Greg Boden rich using absurdly toxic notes. Same way CABN, HYSR and BSRC do it.
SUNW has a deal with WalMart now?
I don't think so, though have have tried to imply it when they did that EARK thing a while back.
But they do have a deal with these particular grocery stores. You asked me to find out which ones remember?
Well by that logic the company doesn't understand the cell either, which is probably true.
Whole Foods
Will they use this to pump like they did Amazon, if they wait long enough it might be the same thing.
Read the second post on this I made with the charts from the peer reviewed paper. Studies have shown that solar efficiency barely changes by time of day, and is actually more efficient in early morning and evening. Sunworks is trying to say their cell will harvest 25% of radiation at peak, and harvest the same amount (of total energy not proportion) at other times. Because total solar radiation in the air, not angle of incidence is what causes almost all the variation in output, they are saying their cell is going to harvest a MUCH higher proportion of energy outside peak hours than during peak. They are trying to say it would be a 25% cell at noon and maybe a 50% or more at 9AM because thats what it would need to maintain energy output.
Abe sells some more: https://www.sec.gov/Archives/edgar/data/1172631/000149315217007804/xslF345X03/form4.xml
Glad they took my advice and starting using the right code on the paperwork. He also went back and amended the old forms to correct all his errors. However he still has the one with the wrong date listing a Saturday sale that should be a Monday sale.
https://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001615930
You'll get it soon Abe, just keep trying!
Why do you think the company failed to account for variance in solar radiation and instead assumed that PV output was primarily linked to angle of incidence only?
Agreed, the company made a huge mistake by selling investors a phony sell on such a faulty analysis.
Let's dig a little deeper, and yes I am aware of the claim. So here is an old press release with the companies claims:
The cell being a way to rip off shareholder explains every nonsensical move made by Nelson in regards to the cell.
It was supposed to be 250% more efficient than a standard cell and use current manufacturing methods. Yet as soon as Nelson couldn't milk any more money from shareholders by babbling about it... suddenly we are just supposed to forget all that.
Reminder: The cell is fake.
They have never even made a single panel using this cell, probably because it wouldn't work.
Only reason to go long is to take advantage of anticipated pumping, and even that is highly speculative at best.
Their best quarter? They made less than 250K profit... hardly a reason for a company to double in value (to over twice what it is now).
http://www.marketwired.com/press-release/solar3d-completes-third-generation-working-prototype-otcqb-sltd-1932565.htm
This came out then compbined with pumps from the infamous Money Runners (http://newsletter.hotstocked.com/newsletters/view/official_money_runners_million_dollar_play-1609762), who were arrested for undisclosed paid promotions on another firm a few days later (https://www.sec.gov/news/press-release/2014-159).
I guess there is no precise definition, but definitely bigger than what happened today. Think along the lines of what happened on July 14th, 2016 and on July 22nd, 2015.
I wasn't around back then but something like this happened in 2014 too. Big volume spike combined with price increase.
Those were some of the biggest daily gains combined with record high volume for the stock.
I don't expect the news to actually matter in the long run, but people will probably disagree with this assessment when/if they actually do "celebrate" this year.
Pioneer Day poll.
Background: This company has pumped their stock either precisely on or at least near to Pioneer Day for years. "Big" Cell news in 2014, Pre-release of earnings in 2015, the Amazon contract in 2016.
Of course none of this stuff actually mattered in the long run, but it did create a huge run and massive volume (because they also pump the stock on the side by paying for articles to be placed in the media etc).
I expect it will happen again this year, and therefore I am ready for Pioneer Day. Everybody needs to be ready for Pioneer Day.
What do you think will happen this Pioneer Day / Pump Day.
http://www.strawpoll.me/13408985
You are correct, we don't know if this guy is lying to retaliate, or if he is legitimately angry and is telling the truth.
But, let's just assume for the sake of argument that he is telling the truth. Outside of what the employee said about his wage theft, everything else he said about management turnover, failing to follow through on promises etc. is something that we investors have experienced. So if he is lying, he is only lying about that and telling the truth about the rest. Given that most of what he said is true, it is probably dangerous to make the assumption he is lying about the rest.
If the company is doing whatever they can to underpay employees despite the risks of this strategy, it means they are probably running short of cash. Considering how much cash they burned last year and Q1 this year, combined with the amount of projects they want to accomplish at once, it's not exactly an impossible scenario.
So if this guy is not lying, it means the company is probably in worse shape than most bulls would like to believe.
Hence any long investment thesis is dependent on this guy being a liar, because if he isn't, there is probably more trouble on the horizon.
Sunworks employees complain of wage theft.
Totally normal right?
I love how the model incorporates "bear chatter"
Literally just one guy saying their opinions out of boredom and an entire model is based around it
Obvious things like insiders consistently selling shares into an illiquid market seem to carry less weight in the model.
16
Are we still pretending this is real? Haven't heard anything about it since right before the stock took a big nosedive.
It's already July, and this was from last year. If they really had expanded into all of those states surely there would be some concrete evidence of it apart from a badly drawn map on their website?
I think it's time to retire this dream into the bin along with the solar cell, Fresno, Federal Contracts, a partnership with Amazon, rolling up the install business through M&A, and the rest of the false hopes that have come and gone while the share price fades.
Most of his shares now are from bonuses granted after he sold the company, not from selling the company.
These bonuses were absolutely ridiculous and allowed insiders to get way more than 100% of the profit the company has ever generated in bonus.
Actually Emil and Mike gained more shares in the most recent filings than the company created in the same time frame, which means somewhere the filings are probably incorrect, which is not unusual for this company especially when it comes to accurate accounting of insider ownership.
What's more is that these bonuses didn't seem to produce any long term profitability. Once the company finally earned the $3M annual profit required to cash out all the bonuses, their margins magically fell apart and they never made any money again. I believed that they probably stacked their Q2 last year at the expense of Q3, since the money needed to be made in Q2 to pay out the bonus. Them disclosing accounting issues when filing their 10K didn't surprise me at all.
Abe keeps on selling.
This is a much longer streak and higher number of shares than previous sales for him.
Actually they already have S, which is for sale, which is what they should have used.
This is probably something that should get more attention:
https://www.nytimes.com/2017/06/30/business/energy-environment/solar-energy-trade-china-trump.html
Related: https://www.greentechmedia.com/articles/read/suniva-dispute-could-halt-two-thirds-of-us-solar-installations
Suniva disputes part of it though: https://www.pv-magazine.com/2017/06/28/suniva-demands-gtm-research-retract-inaccurate-report/
Back to XSNX and their relationship with SUNW.
I only ask because in your posting history you pretty much figured out that XSNX was (and is) a scam.
Nice work.
My question is if you were aware that the people behind the XSNX scam are the same people that started SLTD? They the same people getting all those discount shares / free money I always talk about.
Also Abe should probably re-submit all the forms since he keeps using transaction code "P" which is for purchase, when he is selling shares.
I'm curious, did you know that the same people behind XSNX are behind SLTD?
I'm guessing you heard about both on MoneyTV since they both used that to promote themselves.
Abe needs to fill out his paperwork correctly.
http://ih.advfn.com/p.php?pid=nmona&article=75115298
This isn't the first time he has messed up either, though it was harder to catch before.
Show some attention to detail please.
More insider sales, as expected. This is why I got out at 1.88-1.90. Not going to compete with them!
It was an absolute deterioration, not a comparative one. The comparative portion of the statement talked about revenue growth, which is a different topic.
Also why do you expect every sentence on the investor presentation to explicitly mention the company? Since I cited where the statement was from you can easily look it up and see for yourself it about SUNworks.
Question: Did you look it up before attacking the veracity of thr source?
I never say it is ethically wrong for people to buy shares of this, I say it is wrong for the company to sell millions of shares at a 90% market discount to people close to the company and do so in a deceptive way. I think if you could comprehend the significance of that you would agree.