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Stalker having the company use some of their shares to grow the business is what they are there for... 16,931,952 increase is NOT the end of the world and certainly you should NOT be calling the CEO a scam!!! Also the Authorized Shares did not go up. It is to be expected they raise some cash just before a big roll out. Would you rather they raise money through a toxic lender?? You do realize the OS right now at 206,148,534 is small compared to most OTC stocks and the float right now is 55.85M...? It's still tiny!! From your reaction it seems like this may not be a good stock for you...
All we need is patience...nothing gonna stop this bad boy. I have thoroughly
checked under the hood...we are solid!! We all here are sooooo lucky to find out about this little company so early on...
Ohhh absolutely agree with you...big games!! But that's different then diluting shares....
There is NO dilution going on here right now. They have a line of credit with MACRAB LLC for 7.5MM that they haven't even touched!!! Look at the Nov 30th 2021 PR and 8-k. What you have to remember is both CEO's own a ton of common shares. They are not suddenly gonna go wild with diluting shares. Whenever they do dilute sometime in the future it will be for a damn good reason for growing the company and as minimally as possible....
Holy cannoli…luv it man!!!! Thanks for submitting the pictures… Go KITL!!!
Do you really think Scott Conant, who has a massive following, would partner up with a penny stock company (last week) just to see it stay a penny stock company...really?? Fransmart Co. the other new partner is a beast in this industry and very smart! They spent a lot of time looking at KITL and it's business model. Most people don't have a clue what's going on with this company. When we are trading at $10.00 after we have organically grown our way up to the NASDAQ, this past week's retracement will barely register on the radar. I've done the research, I've gone out and talked with people. This company is a sleeper and will make it's move when they are good and ready.... Opportunity knocks!!
One HUGE fact I somehow overlooked when I posted up the chart was that yesterday's daily volume of 2,586,085 shares was the largest one day volume EVER in the history of the company!!! Get a feeling today is gonna be an interesting day...
Ya think?? Yes!! That was the point of my post...there is a good chance we start to move higher for the reasons I stated starting tomorrow. No matter though...if not tomorrow, the big trend up, is starting soon IMO. Most likely we will get a big PR drop one of these mornings from the company and then start things off with a gap up off the opening bell....giddy up!!
That was a block trade for 700,000 shares (placed by a client of a MM and is the reason why it did not move the price). Hmmm, ya think someone might know something about this lil company...?? Hold onto your hats!! They walked it down all day long to place that trade....Who knows...maybe they are not done loading yet....
Small hit at the end brings it down on the close...On Balance Volume continues to climb..
Wow...first of all thanks for reporting back on your experience at KITL - Miami. This is very encouraging to hear! It's only going to get better with Scott Conant now onboard.
The way ihub has you download screen shots and pictures on here can be extremely frustrating. If you like I can walk you through the steps but will wait to hear back from you if interested. I am not a paid subscriber so you can not direct message me. Seeing the pics would be great and happy to take you through the steps!!. .
$KITL - Nice day technically! We bounced up off the 50% fib line down at .0352. We closed back up over the daily 250 EMA and formed a reversal candle pin bar. Believe this little gem (that few seem to know about yet) is getting ready to roar. Now we wait for a breakaway gap up from a PR drop....
$KITL - Today's down day is a GREAT day to be loading up and which I intend to do...but you got to see it first. This is a quote from a PR from 3/2/23 introducing celebrity chef Scott Conant... In the PR it says: "The team already has an exciting concept and brand in late-stage development, which we're not revealing yet, but you will hear about it soon. We have identified a major metropolitan city in the U.S. as the ideal location, where the team will be planting its flag, for the development of our new brand and concept. Overall, we believe that partnering with Fransmart and entering into this strategic alliance agreement with Scott represents the most significant achievement in our Company's history."
This company is getting ready to launch and I plan to be fully loaded BEFORE they PR with what city they are starting out in. Having Scott Conant fully committed with his celebrity connections and past success creating restaurants convinces me this is gonna be a huge winner.
Solar Integrated Roofing (OTC: $SIRC) Acquiring AVCO Roofing - Acquisition Expands National Footprint and Brings Experienced Strategic Leadership to SIRC
https://www.einpresswire.com/article/617041122/solar-stock-solar-integrated-roofing-otc-sirc-acquiring-avco-roofing
Stefan Abbruzzese coming on board SIRC at this stage of the game just affirms how I feel about the company long term....Bullish!!!
Dave needed to show access to assets in order to get the institutional loans and is the reason why he raised the AS at this moment in time…the same way you have to show assets to the mortgage company before you get your loan.
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!