I see no reason this should not be shared here for all to read..Pilot
Pilot....thanks for your interest and questions.
My firm was recently brought on board to help with investor relations, communications and other strategic consulting services. We have been through several up-listings to NASDAQ and NYSE in recent years - one just at the end of January. The approval process on that was 2 - 3 weeks. We have seen companies up-list in days and some take months of back and forth with the exchanges. So I would say it is possible to see the listing occur within the 20 day period you mentioned.
Jim and the company are very focussed on adding shareholder value. This is why they have endeavored to list shares on a more senior exchange. Their goal is to grow revenues and profitability in the burgeoning solar space - with over 50% of new commercial and residential solar in the USA expected to come from the west coast - they are in the right place at the right time. Investors and market participants we have gotten them in-front of in recent weeks have commented on this. One gentleman who was a well known renewable energy analyst commented on the fact that solar panel prices have some down and efficiencies increased have created a ripe environment for a company like Solar3D to prosper.
Last week saw some great news for FIrst Solar and solar stocks are setting up to gain further attention from investors. Jim has solid background in buying growing companies and with Tracey on the team now with his background and complimentary strengths - it seems things are coming together rather well here.
On the note of the "shares being held hostage" (I like that) as you put it. This is based on internal policy and efficiencies at the brokerage firm, transfer agent and the DTC (Depository Trust Company). Yes - some firms will allow you to trade right after a split and others have longer re-organization processes.This is internal policy and should be addressed at the firm level. Solar3D and its legal team have been in contact with its transfer agent and with DTC to move forward any items needed from them.
Thanks again for your continued interest and I hope this was helpful.
The
Sincerely,
Andrew Haag
Managing Partner
Phone: 310-770-9661
andrew@irthcommunications.com
On Sat, Feb 28, 2015 at 8:41 AM, Jim Nelson <jnelson@solar3d.com> wrote:
Begin forwarded message:
Subject: Shares being held hostage since Split
Date: February 28, 2015 at 8:40:48 AM PST
To: Jim Nelson <jnelson@solar3d.com>
Jim
Can you shed any light on why etrade and many other brokerages say they are still waiting for legal documents verifying exactly what the split was so that they can update our accounts. Since the split shareholders have been unable to trade any old shares. I have a very large position and if the price plummeted yesterday as an example and I wished to execute a stop loss and was not able too I would be looking for a lawyer quickly. I am very happy and very long but how can this happen like this?
Any light you can shed would be enlightening. Is it possible sltdd could uplist legally prior to the 20 day period that we are sltdd? Not asking if you will but is it legally possible?
Shareholders using usaa and fidelity said they have been able to sell pre split shares all week with no problem and that is very disturbing to me.
Thank you JN!
AI
