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I finally got on as he was signing off. ??????
Let's go!
Really? Humm
Getting my popcorn ready. It's about to get exciting.
I don't want to state anything that isn't fact atleast as best I know it, but there apparently was a substantial amount of revenue that could have been booked Q4 but wasn't. They've just discovered that and are now able to put it in Q1. That as I understand it, is why Q1 is delayed. The previous auditors missed it but has been caught now. Someone mentioned yesterday that they had partnered with what turned out to be the wrong vendors for us. The auditors fall into. That. So for me, if the above is true, I'm happy to accept a delay in Q1 to not only get accurate reporting, but more favorable numbers.
I understand the frustration. I personally would just like to see everyone take a deep breath and committed to stop the negativity. Think they are working hard for us. I think we should let them continue to build this thing out, without some of their very own stakeholders shredding the potential here publicly. I think if some just need to vent then they should start a private Facebook page and use that private forum to share frustrations with each other. Not here in the public forum. We all have high hopes for this thing its why we're in it. Let's have fun and watch these guys play it out. So they've made some mistakes. They never pretended to be Warren Buffet. But I do believe they've learned ALOT, and have done a great job recovering from mistakes, often making great personal sacrifices.
Antway, I personally appreciate your response Don. Would love to see the temperature here change.
I'm trying really hard not to summarize the meeting here because it's disappointing to watch every peice of hope get shredded up if it's not something that pushes price up 50%. But I will say this because for me this was important to know.
As with many start up companies, you sometimes get to a point where your business has not yet reached that point of profitability,youre out of cash, and you have to make choices about whether to continue, OR find a way to live another day. We were at that point 6 months ago. They felt they were at a crossroads where either they shut the whole machine down to just 2 or 3 people moving forward and try to keep it alive on a very extended time line on a small scale, OR, take the money to fund what they all still believed in. So they took the latter. They thought they had an agreement with a group they could trust, that convinced them they would hold the stock a minimum of a year and then at that time start a very slow leak to sell. They believed our company would be in a position at that time that a slow leak would not impact price at all. They got dooped though and the group immediately started selling. This is where the mid May prediction is coming from. At the pace they are on, the group should be out of stock by then. The expectation is that the price should do a moderate rebound and get back to where it really should be at this point.
The pipeline is full. They would not give exact numbers on what that pipeline was, for reasons mentioned above, but it was obvious, they plan to surprise us all. They are now generating revenue and paying down debt. They intend to get all those shares back. They are growing and building teams to support that pipeline of installs.
Those that decide to pick the above apart and continue to trash them, yes, it's your prerogative. But I think like myself, you're just going to make those of us that were there just not want to speak up with what we heard. It's getting old.
I think everyone left very excited, but excited about tangibles this time not "what COULD happen" as in the past. And Spin I'm not referring to you. I think you've been a fair and reasonable cheer leader. That's why I responded to you.
I'll keep answering questions I can, as long as it stays positive. I won't be the one to feed the wolves though. Someone else can do that.
They were unable to talk about the exact numbers because it has not been published yet. Said we should expect it out in 2 weeks or so but the indications were that there would be increased revenue reported and that would continue for all quarters to come, exponentially. As I said, it is clear they are being very deliberate in under promising now so they can over deliver. I took what was presented as we should be really pleased to see the Q1. I do think it's going to be Q4 report before we see EXCITING numbers but when you draw a line from point A (Q1) to point B (Q4) it should be a very nice steady climb. I would love more than anything for the price to just get high enough to appease the 3 or 4 wolves here enough to let this be fun again. It appears that should be here by end of May, early June IMO.
Convertable notes
Alex expects it to end mid May.
Those that have spoke lately about just getting back to break even and getting out...... Maybe June, July..... But yea retirement money is probably still 12-24 months in my opinion.
Best meeting yet in my opinion and I've been to them all. I really loved that Alex was extremely candid, sincere and transparent about the past 6 months, why some unpopular decisions were made the way they were, and I truly believe we wouldn't be where we are now if those things hadn't happened. Q1 Report should make alot of people feel even better about the past 6 months. Q2 better Q3 even better, and Q4 may blow our minds. I also felt like the time lines and plans laid out in the past were VERY optimistic or aggressive assumptions, where as today there was a much more, clearly intentional, conservative approach to timeliness and assumptions. The awesome part of that is even their conservative outlook is INCREDIBLE. If they are underpromising, so they can over deliver? ..... Then WOW! We are in for a treat.
Great to catch up with several of you today. The shared optimism was nice to be around.
I did not do a head count but I would say about 20 investors and about 15 ZNGY team members
It's going great. Still going.
Exactly! Let it run!
Go ZNGY!
Thank goodness, amidst all the excitement around some great news, we still have some Buzz Kills in the room, reassuring potential investors that might be trolling the forum that they should proceed with caution! Atleast a few bandwagoners have flipped onto the Zen Train, but good to know we still have a few we can count on to fan the flames of doubt.
Exciting day, and hopefully an exciting week ahead. Looking forward to hearing more at the meeting!
Let's go ZNGY!
Right there with you guys! Looking forward to the meeting.
I still believe there will be gains, but I hear ya! Good luck to us all!
Go ZNGY!
Two for two on green days this week. Let's go for three tomorrow!
Go ZNGY!
Very cool. Looks like some sync issues on playback but cool.
What's the software?
What's the ticker symbol for them?
I'll be there
100% Agree. But still gonna get my popcorn ready for the replies you'll get.
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Look at some of you and your "glass is half full" posts...... So proud! :)
Seriously, we've been in this together a long time now. Let's all hope 2018 is finally the year of the USAR>CHRO>ZNGY longs!
Happy New Year to all. Be safe. Cheers!
ZNGY - Still a believer
Oh I'm not implying people don't have a right to vent. I personally don't do it in a public forum where potential new investors might be trolling, but it's everyone's right for sure. No judgment there. It's just amusing (wrong word probably) to see the love/hate relationships aired out. "I love you, I hate you"........
ZENERGY days ahead!
Amen.
This board tho..... Man.
Go ZENERGY
Alive, awake and ready to roll!
Thought so.
If you're going to make as bold a statement as the chairman doesn't have a dime invested, you should be able to support your statement as fact.
Back your statement up with proof.
I bet we are close.
Same. I've been in for 2 years now. All coming to fruition. Still early in a 3-5 year play, but looking like some big peices are falling into place.
Yes sir...... Got my popcorn ready
Yea my Spidey Senses tell me this board will be buzzing soon!