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I'm here Mike...like I said in my last post laying low until we get the Arbiter/bridge loan news. Q&A coming Thursday evening so perhaps we get a PR Thursday morning before the open....
Looks like there’s an update on the SOLAREV trademark https://uspto.report/TM/90696697 2022-04-19 Status: Notice of Allowance (NOA) sent (issued) to the applicant.
Hi Sammy!! You sound well…
Like most of you laying low right now as we wait for Arbiter/bridge loan news. The negative sentiment going around on the various boards is actually a positive indicator in my book. Most investors are wrong in their timing. I did just want to say that Friday was an interesting little reversal hook day up with very nice volume. We had a drift down last week....would not be surprised, since we are right on big support and with Friday's price action that we get some kind of a slow consolidation drift up this week in anticipation of big news dropping Saturday or next week.......whatever.... not concerned now that the audit is complete that this is gonna happen....
Question for you Timmy… Did the audit get done? Yes… Yes I know it took forever and a day… with all kinds of delays… but did it get done? How about the earnings report… That turn out OK? Things take time Timmy… our day will come…
Say what you want….Brett Rosen is a good guy and so appreciate him answering our questions…
There you go...nice job!
Thank you for your outstanding analysis on SIRC. I can see a lot of thought went into it....
Cool...how many shares you got?
Yes...fair enough...glad you are reading my posts. My comment is that it was extremely disappointing to have further delays on the Arbiter money this week. It looked like we would get our answers this past Tuesday at the Q&A but that did not happen as the Q&A got postponed. But fortunately I don't have the vision of a mole rat and can see beyond 3 feet. Just because there are more delays does not mean the company is going to hell in a hand basket. We are one of the few OTC pink companies that is profitable and fully audited. I can wait and then wait some more if needed for us to have money in hand to pay off the toxic note holder that is keeping our share price down....
Would be nice to get your comments and other here at the end of the week when we have soared. That day is coming. Have a nice weekend lowandaway!
This is a FALSE statement!!!
BrettRosen325 — Yesterday at 4:04 PM
I’m sorry the Q&A didn’t happen yesterday and I can assure you that it is “postponed”, not “cancelled”!
BrettRosen325 — Yesterday at 4:05 PM
From what I can tell, Arbiter is still waiting on the SWIFT approval but then the $42m is supposed to be wired!
BrettRosen325 — Yesterday at 4:06 PM
New SWIFT members are announced on Saturday so hopefully in a few days this all gets wrapped up.
BrettRosen325 — Yesterday at 4:07 PM
The relentless selling is tough to watch and I know that things are in motion to try to buy back whatever shares Tony has left.
BrettRosen325 — Yesterday at 4:08 PM
It all depends how backed up the office is and who is on vacation.
BrettRosen325 — Yesterday at 4:09 PM
From what I understand, they need the SWIFT number to wire the $42m to the SIRC bank account in the US!
BrettRosen325 — Yesterday at 10:39 PM
They announce every week 52 weeks per year.
(....about Tony the toxic lender:)
BrettRosen325 — Yesterday at 10:42 PM
I have spoken to him but he doesn’t really tell the truth and is usually bullshitting me to see what I will tell him! He wouldn’t tell me an exact number of shares he has left. He said “I have a good amount”, whatever that means.
BrettRosen325 — Yesterday at 10:45 PM
I still plan on doing the Q&A when it gets rescheduled!
BrettRosen325 — Yesterday at 11:13 PM
I don’t have any default provisions in my notes. I have the option of converting @ $3.00/share or SIRC can pay me back principal + 5% interest. If they don’t pay me back or let me convert then I would have to file suit and get a judgement in court to get paid. I don’t have any shares on reserve or any other collateral.
BrettRosen325 — Yesterday at 11:15 PM
I have a little more than $9m invested in SIRC
BrettRosen325 — Yesterday at 11:18 PM
Not exactly! The $9m converts @ $3/share.
BrettRosen325 — Yesterday at 11:19 PM
No one’s notes are as friendly as mine! No reservation of shares, no late fees and no ratchet clauses in my notes.
BrettRosen325 — Today at 8:16 AM
I have done a direct deal with the company via convertible debt so I am NOT allowed to buy stock in the open market as it could be considered “market manipulation”.
BrettRosen325 — Today at 8:17 AM
I guess I could convert the notes in any amounts I wanted but I would never do conversions less than $1m at a time
BrettRosen325 — Today at 8:18 AM
If I was allowed to buy stock in the open market, then the price would be much higher! Haha!
BrettRosen325 — Today at 8:20 AM
I have no plans to convert $9.6m into 3.2m shares at a 90% loss! The notes will just continue to accrue interest at a rate of 5% per year ($450k per year)
BrettRosen325 — Today at 8:20 AM
I can tell you that there are several back up plans but let’s not write off Arbiter just yet!
BrettRosen325 — Today at 8:22 AM
I see SIRC uplisting to the Nasdaq in the next 6-12 months!
BrettRosen325 — Today at 8:23 AM
I did some DD and spoke to Darin (Arbiter bank president) at length. I also checked him out via some people from Buffalo and they knew his family very well. They owned the big Pepsi bottling plant in Buffalo!
BrettRosen325 — Today at 8:25 AM
I think realistically that the pps can easily get up to $3.00 and then with a 1 for 3 reverse the price is $9.00 and the OS is about 165m. This is the type of reverse that doesn’t harm the shareholders because the price can be supported by $100m+ in audited revenue. This would also make SIRC a billion $ company!
BrettRosen325 — Today at 8:27 AM
I don’t mind the grilling at all. Keep it coming!
BrettRosen325 — Today at 8:29 AM
Candidly speaking, when I first invested in SIRC the PPS was about $0.40 and it quickly went to $3.00 all while others were selling large positions. This can all happen again with a certain seller out of the picture.
BrettRosen325 — Today at 8:31 AM
Nobody knows anything for sure but I would bet a lot of money that he (Tony) is selling.
BrettRosen325 — Today at 8:31 AM
I agree with that as I have been suggesting a stock buyback for over a year now!
BrettRosen325 — Today at 8:35 AM
Darin (Arbiter bank president) told me that they have answered all the comments and it’s just a waiting game now. They expect it any Saturday now! I am hoping this week or next as that would change the whole game!
BrettRosen325 — Today at 8:37 AM
I don’t have any warrants in my notes. It is just a straight convertible debt with a $3.00 fixed conversion price.
BrettRosen325 — Today at 8:37 AM
Honestly they only get notified about 12-24 hours ahead of time. (concerning SWIFT codes)
BrettRosen325 — Today at 8:40 AM
Yes they have to wait for the SWIFT code as it’s the only way to get money into the US from certain countries. It’s a safeguard against fraud and money laundering.
Yes…close to 3 months ago and we don’t even know the conversion terms! How bout we wait till Tuesday when we will get answers….
I’m not saying another word on here till Tuesday…have a nice weekend!
Yes… Thing of the past for any new borrowing… Unfortunately we are living in the nightmare of the old toxic lenders right now… My prediction is they will be paid off and wiped out shortly… That’s just my opinion. Let’s wait and see what next week brings as there is a Q&A scheduled for Tuesday that will be discussing this very subject…
THIS STATEMENT IS FALSE!!!
"they are trading one for another"
Yes exactly Uh Clem...back at the time they needed money to survive... Horrible terms but did what they felt at the time they had to do. Today, they are no longer a tiny struggling company.... The days of having to go to toxic note holder parasites are in the past...but it takes some understanding and study of the company of what has happened since those days to understand this.
Really Timmy? You haven't seen much evidence over the course of the last 14 months that warrants comments to be much different???
-Third Quarter Fiscal 2022 Revenue Increases 964% Year-over-Year to Record $48.2 Million
-Solar Integrated Roofing Corp. Reports Record Full Year 2021 Audited Financial Results, Growing Revenue 388% to $84.2 Million
So many other big positives going on I don't have time to list them...
What I think you meant to say was you haven't seen much evidence to SHARE PRICE over the course of the last 14 months that warrants comments to be much different.... Two very different things.
It's simple...we have toxic share holders that have been selling shares over the last 14 months bringing share price down and down and now sideways. Yes...Peter brought this to our attention early on and not a lot of people were listening. We are now....and as mentioned in another post I give Peter a lot of credit. Those toxic share holders are going to be dealt with this week coming up....
Minus the toxic note holders...what do you think might happen then to share price with SIRC revenue increases of 964% Year-over-Year to a record $48.2 Million??? You think it will remain down here at 33 cents? If you think that then you and anybody else should sell....
Happy Friday everyone!
Really interesting to read all the comments about SIRC on this board lately.
Will be especially interesting to read you comments on the board next week around this time....
Enjoy your weekend!
Exactly....we will have our answers I feel fairly certain by Tuesday evening....in the mean time just have to hurry up and wait it out... I feel good about things though...
No...that would be the wrong assumption.... Brett has already stated along with Dave several times and also stated in the audit that Arbiter is very much a go...but there is some hang up...but it's happening (we will know exactly what the hang-up is Tuesday evening). My guess....and this is only speculation based on all my reading, is that Brett is gonna give us a bridge loan just to clear out Tony the toxic note holder as we wait for Arbiter. Remember it is in Brett's best interest to get the stock up above $3.00. Will see how right I am but I bet I won't be too far off....
I would expect more backing and filling, sideways consolidation today up until Tuesday... Would expect a PR before the bell IMO on Tuesday morning.... Tuesday evening is when we get a Q&A with Dave and Brett Rosen.
Brett posted this past Sunday:
"I just had a very productive breakfast meeting with Dave Massey and I am working on helping get a plan in place to pay off harmful debts and possibly buyback some shares! "
So what do you think they are gonna talk about Tuesday at the Q&A? Things are gonna change next week. As another poster on another board recently said:
"…there’s a toxic lender that’s selling shares on volume which is keeping the price down. SIRC is currently waiting on the funds to reclaim those shares. Once those shares are reclaimed, volume will bring upward momentum. It’s not complicated."
With the exception of Hunter these cases are minor... one has already been dismissed...the SING one has been mostly rebuffed and a couple are disgruntled employees that are very minor... Hunter case will go our way most likely with 45 million shares coming back to us but that probably won't be till 2023....
Here is an idea...why not focus on the fact we are now a fully audited profitable company about to up-list to the QB and soon to pay off all toxic notes?? Do you think the Q&A next Tuesday with Brett Rosen might address the toxic notes that are keeping our share price down??....he said today:
BrettRosen325 — Today at 8:53 AM
Good morning everyone! I’m excited to be part of the Q&A next week as I think it will help answer a lot of questions!
Brett is a money guy with 9.5 million invested with SIRC...we either are going to get the Arbiter money which has been confirmed several times or we get a bridge loan first from Brett and then Arbiter... The toxic note holders will be gone shortly that have been killing our share price day after day (today was no exception). Watch what happens to our share price when they get wiped off the table!
As I said on my chart this morning....wait for Tuesday.
Thank you MoneyMakers for taking the time to do this analysis video… Like everyone looking forward to getting rid of the toxic note holder that is holding us down… Arbiter money can’t come fast enough. Good stuff!
Clem...SIRC management has been waiting for all the newly acquired companies to be audited before filing the form 10 with the SEC to be registered. Now that the audit is done they will file it. The scary sounding "they are not even an sec registered company" is a nothing burger....
Yes...I agree...Peter was the first to raise the red flag about the toxic note holders and give him a lot of credit. Sincerely wish he would come back to the board and bring his expertise and comment about the audit.
Hello...they were talking about getting the audit done over a year ago...hello this is an OTC pink...nothing is on time. Timmy... Arbiter will happen...has been confirmed too many times now...we all just have to hurry up and wait per usual...sucks but that's the game.
You all honestly don't know why we don't have a higher share price right now???
Look at the issuances and it’s easy to figure out who is selling! I will give you a hint as his first name rhymes with “baloney”!
The Arbiter 42 million has been confirmed several times now by Dave and also by investor Brett Rosen of RB Capital Partners, Inc and is in the Audit. The noteholder "baloney" who is doing all the selling will soon be wiped off the table!!!
NOTE 16 - SUBSEQUENT EVENTS
In accordance with ASC 855-10 management has performed an evaluation of subsequent events through April 4, 2022, the date that the financial statements were available to be issued, and noted the following:
- On January 5, 2022, the Company signed a loan agreement and promissory note with Arbiter Bank International Limited for a loan with principal balance of $42,000,000. The loan bears interest rate of 4.25% and is payable within 10 years. The closing of this loan is estimated for second quarter of 2022.
Exactly WeTheMarket...Dave is the man! Once we receive the 42 million Arbiter money (and we will) they will buy out Tony the parasite toxic note holder and then we really fly.
Huuuuge gap created this morning off the Audit news. Doubt it will ever get filled in completely down to 35 cents. If it remains open like I believe it will, it will be a "breakaway gap".... something almost all stocks have at the beginning of big trends up.
We are now a fully audited company!!!
Onward and upward…
https://www.otcmarkets.com/otcapi/company/financial-report/326722/content
DaveMassey — Today at 2:12 PM
I just spoke with Wanda we will definitely file today probably this afternoon final details my apologies
It's called trading in the OTC pinks...
I'm sure others will pile on soon here per usual...
Would not be surprised if we are up by the end of the day.
DaveMassey — Today at 10:30 AM
I would like to give everyone a quick update we will definitely post our numbers today and make a public announcement about it tomorrow
That is not true... Brett Rosen has already said he would step in to help more if needed and once the audit comes out (after the close today) should be much easier to negotiate a legitimate non-toxic loan with another bank.
BrettRosen325 — Today at 1:50 PM
$SIRC UPDATE:
I just had a very productive breakfast meeting with Dave Massey and I am working on helping get a plan in place to pay off harmful debts and possibly buyback some shares!
As for the SWIFT issue, it is being resolved and I am confident that it will be updated on the SWIFT website sooner rather than later! Just a matter of time before the $42m is in hand! This combined with audited financials and getting rid of the selling pressure should make the share price do what we all know it can, and should!
BrettRosen325 — Today at 1:52 PM
Of course. I want everyone to have information as soon as possible.
Upcoming Catalysts Very Near Term by Dewmboom
$SIRC Upcoming Catalysts Very Near Term
— DewmBoom (@dewmboom) April 1, 2022
a. $42M Arbiter Loan (Anytime)
b. CY2021 Audited F (April 4), $85M
c. OTCQB uplisting
d. SEC filing
e. Multiple Acquisitions with binding LOI in the solar and EV charging Space
f. Q1, 2022, report due May 16
Current SP $0.37 with $5 EOY pic.twitter.com/ImN1974bo4
I guess you liked the "vibe" from the other night!
Thank God you still have your shares Mr. Timmy... Just sit on your hands and enjoy the ride...gonna be a long bumpy one going North.
Would really love to hear from all the rest of the gang...ya know Sammy and Mr. Wingnut, Engines, Clem, Low Away, Gumballer...They usually have so much to say about things...
Heavens to Betsy...we are starting to breakout to the upside!!! Who would have thunk???
That being said....we still have major resistance to get thru at .3700.