Do whatever you want with your own money but you people have to face some realities.
1. Stop comparing to FSLR, VSLR, SCTY. Its not a real comparison. You can #$%$ and cry about why they're valued higher while SLTD is a penny stock but all that means is that you have no idea on how to read financial statements. That's fine, not everyone has gone through finance courses or accounting but if the opportunity should arise, take the course. People are crying and wondering why there is a huge difference in share price between STLD and other companies but failed to understand that SLTD's total assets of $7m to VSLR $724m should be a dead give away that you're talking about two differently sized companies. I would even say you should check the total shares outstanding because even at this level, SLTD has more outstanding shares than VSLR does. Less shares = rise in share price.
2. SLTD is in NEGATIVE equity and not by a little bit either. Its one thing for shares to lose a bit of EPS each quarter. By owning SLTD, you literally OWE money for holding the share. With such low levels of liquidity ($1m), this company is going to start running into issues when their liabilities are due.
3. CEO is selling shares. I mean, there's really no way to defend this. If he's not happy with his current pay, that's up to him. Awarding himself and other executives shares so he can sell it on retail investors dime is just... disgusting.
4. SLTD has very very little capital. They're making these acquisitions by diluting the hell out of their shares. This company survived by diluting shares and having retail pick it up for quite some time now. You can tell by the fact that they've had 2 reverse splits to take all those diluted shares they had and combining them on a 1 for 10 split. Why is it so diluted? Well, again, CEO awards himself and executives shares, then sells it to get paid, retail picks it up. Less
