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Hi PEMBROKE1...my post in no way implied that I think I am the only one that is long on SIRC. I think most here on the board are long and want to see it do well or why would they hang around?
You said "It's hard to understand your reasons when there is a lot of and's, if's, but's, comparisons and dilution of the stock". Hmmm...let me say it a little differently then I did in my earlier post. Again, Stefan Abbruzzese is now our new veteran operations executive and President for SIRC. This is a man who got a full scholarship to the Collage of the Holy Cross and graduated cum laude with a B.A. in physics. He then went on to Northeastern University in Boston and got a Master of Business Administration (M.B.A.) and a Master of Accounting (M.S.A.) also on a full scholarship.
He then spent the next 17 years at GE Capital as commercial leader and president of their bank loan group. After that he went on for 3 years to become a partner and chief operating officer for the private equity firm L Catterton, in Greenwich, CT. There he handled things like global merger integration, global strategic planning, implemented global technology and communications infrastructure etc etc. etc....
Needless to say I would say ole Stefan is kinda smart and has a wee bit of expertise in finance. Now do you think BEFORE he came aboard SIRC he might have thought about and looked into whether or not SIRC has a "solid foundation" along with all the "and's, if's, but's, comparisons and dilution of the stock" that you mentioned and many other things??? Hmmm....yeah...I don't know about you PEMBROKE1 but I'm betting he did look into those things before he signed on board SIRC. In fact I'll bet all day long!!!
wildbullus...when you go to get a mortgage for a house you need to show assets to the bank. That does not mean you need to go out and SPEND those assets. It's the same thing with what's going on now with the AS. By upping the AS to 900,000,000 shares means management will be able to show they have access to more assets (if needed) and gives SIRC more leverage to get the loans from real institution banks...not toxic lenders...which WILL ultimately help to clean up the balance sheet.
SIRC…Why I continue to stay long:
*November 9th SIRC will become a fully reporting company with the SEC. This should make us eligible for large NON-dilutive institutional funding!!! NO MORE toxic loans.
* November 14th expect ANOTHER blowout record earnings report for Q-3!!! (Revenue for Q-2 increased 746% to $66.3 million).
* HUGE recent hire of veteran operations executive Stefan Abbruzzese as President! This guy was a 17-year ROCK STAR for GE Capital for their bank loan group. (Do you really think he would join a little pink OTC company unless he saw huge potential???)
* Two other new NASDAQ experienced C-suite hires are expected between now and end of the year. CEO Dave Massey will be stepping down but staying on as an advisor.
* Solar capacity in the U.S.A is forecast to triple in five years now that the Inflation Reduction Act has been passed according to the Solar Energy Industries Association (SEIA). This forecast for solar deployment has been raised by 40% above prior projections through 2027.
* The global EV charging stations market size is expected to grow from USD 17.59 Billion in 2021 to USD 111.90 Billion by 2028; it is estimated to grow at a compound annual growth rate of 30.26% from 2021 to 2028.
* SIRC is in a bottoming formation on the chart. A possible large Inverse Head & Shoulders pattern is forming. Also 62-cents is a LARGE equal highs flat initial target for traders before moving much higher.
* Someone/company has been recently trading LARGE blocks of SIRC shares near the bottom of the recent range.
It is sooooo easy to become cynical investing in this little stock. There is NO DOUBT since we hit that magical $3.00 high way back on Feb 5th 2021 we have all been through hell for those that bought or added to their position. Management has made MANY missteps. But look at almost any publicly traded company at their beginnings that has made it big. Most took YEARS to figure things out before putting it all together. Look at the early charts of AAPL, AMZN, NFLX. Another example, Monster Inc. MNST, that used to be called Hanson Brothers, was a true penny stock. It took them over 10 years with plenty of initial failures to finally get going!!! Just before price took off in 2011 a prominent stock analyst listed Monster as a "Sell".
I think we have something special here with SIRC....but like with almost all successful long term stock investments, (as long as the foundation is solid), it's takes having vision for seeing their future. It also takes extreme patience. I am holding tight looking forward to what the next 3 important weeks brings us.
$12.00
3:17 EST
Dave is going off what he has been told by the bank. Have you ever been told something Rza that got delayed for whatever reason?
Remember the audit? That got delayed and delayed too and then what happened?
The loan may not matter as much if we keep bringing in million in profits. Q1 earnings out in a few days. Will know soon enough...
Go SIRC!
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Timmy....
This is a company that produced an audit that you said would NEVER come through!!!!
This is a chat board. This ihub has virtually no effect on share price until someone comes on here and starts to try and find information about SIRC. Then when another one and another one and another one and another one comes on here looking for information IT DOES HAVE AN EFFECT!!!
Tim...you do know that SIRC has verified audited revenue that grew 388% in 2021 to $84.2 Million; Net Income Grew to $19.9 Million. YOU KNOW THAT RIGHT?
You also know that SIRC has a toxic lender (that Peter and Brett Rosen, smart investors, have TALKED ABOUT AT LENGTH) that has been systematically selling SIRC every day causing the stock to go down and down....you do know that right???
Yes...you are right...Dave made a mistake taking that loan but at the time it kept the company going.
I think you also know that SIRC is one of the very few OTC companies that is audited and profitable. What do you think might happen to share price when the funds come through to pay off the toxic lender....? "But Trip...we have been waiting forever for those funds to come through". Yes we have...just like we waited forever for the audit to come through....until it came through....just like the funds will.
More news like all the other news that didn’t happen?
The big difference is that SIRC stock is making money while SING stock is losing money. Same industry, but different management. SING WITH negative net income, SIRC with POSITIVE net income.
I do hope that those that have SING stock will recoup their investment, but with Wil in the house, I wouldn’t count on it.
48 million in revenue, 18 million in profit, SIRC fundamentals have not changed and just getting stronger. Q1 big earnings due out in 5 days, $42 million low interest non-dilutive loan getting ready to drop any day. Toxic lender who has been systematically selling our share driving price down is about to be eliminated.
Can't take the pain of having to wait so long? Fine...do what you have to do. Have a nice day!
If you would like to file a formal complaint with the SEC about misleading PR's and public statements, here is the link:
https://www.sec.gov/oiea/Complaint.html
They will contact Wil Ralston and request a reply to any complaint filed. The more complaints they receive, the better.
Wil Ralston has consistently said things that can be used in a complaint if they are mis-leading. He has said plenty and promised much that can warrant an SEC complaint.
Just like before .3800 is the real test. We close above it we will know something is truly happening!
I am hearing you...I do believe a lot is going to be answered over the next two weeks. AFTER news comes out Arbiter/bank, up-listing, etc. let us know here on the board any other concerns/questions that you feel did not get answered in the PRs and I will see if I can help get them asked at the next Q&A. Appreciate your insights Peter!
Hi Peter...agree it is important and has been discussed in other places. It will be asked for sure at the next Q&A. I am very hopeful however when Tony is eliminated, share buybacks begin, uplist to the QB and continued profitable earnings come out May 15th, we won't need a RS. Time will tell...
Ha...you have got to be kidding! It's fantastic news to be one of only 16 companies in the United States authorized to potentially supply over 500,000 EV charging stations across the country over the next decade....huge potential!
It was a great way to end the week today...someone liked the news!!
Wow...what a nice close!!! Over 300,000 shares bought in the last 5 minutes. Up 3.7% for the day. Sooo much to look forward to...
Don't have any timeline lowandaway for when it will hit $12.00. I just feel very strongly it will some day. Of course it could happen fast if we get bought out... No matter...exciting times ahead!
Thank you WeTheMarket for posting this!! For those of you who don’t know “Darren“ is the president of Arbiter bank that is mentioned in the post…
You all can believe in SIRC or not… I don’t care. With or without you sometime over the next 30 days the match is going to be lit and this rocketship is going to takeoff…
No truer words were spoken... "it's not staying at these levels much longer. Lmao!"
Just like the audit...the $42 million from Arbiter is taking forever and a day to happen...but it's gonna happen...or the backup bank will step in. When the money drops with no warning and Toxic Noteholder Tony, the systematic seller, is wiped out and then $10 million is used to buy back shares....what do you think might happen to share price? Same goes for up-listing to the QB...it has taken forever but it too is gonna happen. Hmmm...April 15th will be the time they show Q1-earnings.....how many millions do you think they are gonna make this time in profit?
Hmmm….Tony really liked the news too.
His days are numbered….
Your argument makes zero sense… ZERO! He is a manipulator because he’s down millions of dollars and now he wants to “win over the public“??? How is winning over the public going to get his money back? Ridiculous! Yes…he is an investor just like you and me and wants the stock to go up…so what!!?
Yep...couldn't stand it and had to pick a couple more up. Got lucky at .3200. Up to 39 shares now....Whooopeee!!!
Not bad for a guy living in a cardboard box under a bridge just outside of Philly....
Saaa-Wheat Close!!!!
Loss? No sir...profit!
Net income for fiscal 2021 was $19.9 million, or $0.05 per share as compared to a net loss of $7.7 million, or $(0.05) per share for fiscal 2020.
Yesterday the broad market was down heavily and we still have a toxic note holder so no surprise we were down yesterday.
Dave said in the last Q&A that we should know something about Arbiter sometime between tomorrow Thursday and next weekend. Remember earnings are also due out on the 15th of May. QB up-list any day now as well....
Good news is coming!!! Don't believe it? That's your choice. Now that the audit is out I believe 110% more good news is on the way....
Wingnut...sincere question for you here... Let's just assume price does goes back up (I know that's a big assumption for you), do you plan to bail out at even (I think you said that would be around $1.35) and thank God you got your investment back or do you plan on holding on for longer term gains?
Mr Wingnut...you can be very funny!! Appreciate that..
I know your frustration level is "off the chart" with SIRC. By the grace of God and a few charting skills my buy in is a lot lower than yours so has been easier to wait this thing out. I think we are all going to be very happy soon however....
Well we all certainly know big news is coming...not a matter of IF...just a matter of WHEN!!!!
Soon...very soon....
Yeah...the checks in the mail and SIRC is up...Don't wait for it Lwe6638 cuz when that check arrives you will buying this little stock at a lot higher share price IMHO... Good luck!