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According to the new website
Dave is now the new CFO and Wanda is the controller…
https://www.sirc.com/about-us
Any update on this?
10-K Notification of late filing… that can’t be good
https://fintel.io/doc/sec-solar-integrated-roofing-corp-1756704-nt-10k-2023-march-31-19447-1570
Amazing!!
It’s like they try to repaint a burning house!
I agree with that statement. I don’t think purchase is finalized.
Exactly the wording is confusing… is it a extension to finalize later?
PlemCO finalized but no 8k…
SIRC has finalized the previously announced acquisition of our subsidiary PLEMCo with an agreement signed to purchase the remaining 40% of its shares. For more information on PLEMCo, please visit https://t.co/d0hfyLy8Nh. $SIRC #Solar #EV
— Solar Integrated Roofing Corp (@SIRCStock) March 16, 2023
Yep! With a Q&A we’re going sub 0.03$
It’s a start!
I have complain in the past that they didn’t post real job completion. Now that they started I will give them the chance to regularly do it and see the long trend.
They never look like a real company with real jobs, on site crew, trucks, inventory.
I had to use Google street view to see a SIRC truck for the first time and I’ve been invested in for almost 2 years.
I will admit that this tweet is a very small step and would’ve been better with pics of on site crew and trucks and installation equipment.
Question:
If Plemco acquisition is not completed 100% is there a clause that the transaction in cancelled and we have to reverse the acquisition?
I doubt we’ll have the money to complete to 100% in the near future
Yeah I remembered the PR because it caught my attention. The new CEO has the experience to give value to a company and make it attractive for sale!!
Yes the new CEO
Quote from the nomination PR:
« Previously, Mr. Holmes was Chairman and CEO of Resonant Inc. (RESN), a Nasdaq-listed provider of radio frequency (RF) filter solutions for the mobile industry, where he led the company from the early stages of development to a successful sale »
https://seekingalpha.com/pr/19036771-solar-integrated-roofing-corp-appoints-veteran-technology-leader-george-b-holmes-co-chairman
We’re heading 0.08$ for sure…
Yeah! We’re so far from Nasdaq right now
Today it’s “SIRC actively working with capital markets for funding.”
Last week was “expect a funding PR as soon as this week… maybe tomorrow”
Wow! Are we going in reverse?
Televet, Who is your source!
Is it just wishful thinking?
It’s painful to watch…
New YouTube channel with new video series starting with the new marketing contract they have given.
Maybe it’s the new discord group that’s pumping the stock. The company doesn’t have to be aware of the questionable promotion but they are responsible anyway according to the OTC website
ALERT ??
Stock is under « promotion risk flag » for 15 days…
We are working to publicly identify securities that are the subject of stock promotion by placing a “promotion” risk flag next to the stock symbol on our websites, including otcmarkets.com, and our market data feeds. This promotion flag is designed to provide an alert regarding the potential risks associated with trading the security
Common characteristics of misleading and manipulative promotion:
• Fail to clearly identify the sponsor of the promotion, and/or the promotion is sponsored or paid for by anonymous, unidentifiable 3rd parties
• Typically focus on a company’s stock rather than its underlying business
• Use highly speculative language. Materials often rely on grandiose numbers and figures related to
the target company’s industry, business model, financial results, or business developments
Yes it did 1.2m more
What is green!?!? ??
Here is Mediatek post
I have an update for everyone from management. We are omitting timelines from this update.
First, with regard to financing and funding, the company is now working with several banks. The company expects to hear back on the initial block of 40M in funding in the near future. The top priorities for this money will be to fund significant projects and to pick up two, possibly three near term acquisitions that are being targeted upon receipt. The overarching plan is to bring in this new capital to move the pipeline forward and fund new management.
On the Arbiter Bank money: the initial $4.2M was not a loan, it was a deposit. The company was required to deposit $4.2M as the bank can only loan 10x the amount of that initial deposit. They have had several discussions with Arbiter since the issues with Darin Pastor and are confident that the issues with Darin will not impact the pending Arbiter loan.
The company has no plans to change auditing firms.
With regard to the business itself and new management, the company has settled on the name: Solar Integrated Renewable Corp. The new management team has been selected and is already working with the company in an advisory role. How the new management team will be compensated going forward is a question for them.
Regular earnings calls will begin in 2023 with the new management. The company will have no more direct communication with shareholders in the Discord at all. All communications will be provided by Dave Massey and relayed here through us.
The Hunter Ballew shares have been received and that deal is now complete.
The balance of the PPP loans are being forgiven as we speak and should be reflected soon.
The remainder of the PLEMCo acquisition will be closed by the end of the year.
All Calaway questions will be directed to Calaway, and more information will be provided during the Q&A/Call with them.
Fridays are usually boring… zzzzzzz
Yes! Troy said yesterday that Q3 was better then Q2 so that’s confirmed!
OS just drop from 560m to 541m… 19m drop… far from the 44m or 53m promised
OS was 529m in July so we end up with more!
I don’t know when this video was recorded but at first he says « this afternoon » but later he says end of august or before the holiday weekend. That is a old miss deadline.
What I’m I missing here?
Hi Dwb
Why did you change your mind on the Form 10 urgency?
Makes a lot of sense!!
The optic is bad with the withdrawal within 60 days…
The filling was not rejected it was withdrawn. But you right since they pulled within 60 days they never been a fully reported CO.
Let’s see if they do it this time! No more excuses!
I post about it yesterday…
In March 2021 SIRC filed form 10. (Withdrawn 45 days later in April 2021 because of several acquisitions)
https://www.otcmarkets.com/filing/conv_pdf?id=14794186&guid=Tr9-kqrcf5q-h3h
And it was done and filled March 2021.
There seems to be questions regarding the number of pages for the Form 10.
Mediatek said 1000 pages… some are questioning that.
In March 2021 when SIRC filed there form 10 it was 264 pages. (Withdrawn April 2021 because of several acquisitions)
Because of several acquisitions and subsidiaries it will be a much bigger document.
https://www.otcmarkets.com/filing/conv_pdf?id=14794186&guid=Tr9-kqrcf5q-h3h
And the 50 millions never been retired yet!!
On August 19th 2022 the outstanding shares when quietly from 529m to 560m
Anybody know why?
So quiet!!! Everyone holding there breath?
I couldn’t agree more… this Discord thing is killing me!! I think it’s killing the SP as well
Troy said on Discord that they would file the Form 10 and Q2 on Monday at the same time.
Monday is the real test!!
Can they finally deliver on there own deadline!