Jeffro, I agree with you on this for the most part. The company is hanging by a thread...
Management re-iterates that over and over again in the 8K. IMHO...management (to me) has been upfront on the risks and the overall situation of the company.
But...if the company is in such dire straights and has no hope of sales... Why would SouthRidge or any other finance company agree to buy 5 million dollars worth of it's shares? I mean. they could invest 5 million in a bank cd and get a better return IF the situation is so hopeless...
Poo-poo is poo-poo no matter how you try to sell it... Why would they or anyone else buy it?
The financing by SouthRidge ( even with their reputation being what it is) just doesn't make sense UNLESS there is some compelling reason for them to believe that the shares will rise....
I would think, that in order for the shares to rise significantly, there would have to be sales of literally 1000's of these panels to someone, somewhere in reasonably short order.... (calendar year 2015 at least)....
The Lowe's DIY crowd is NOT going to provide this kind of volume. I've got to wonder if Chan/Kwok have something in the works that has not been announced yet....
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