Really Bullish peak at the future here today. Sure it's not a home run just yet, but I connected a few dots in my head which really reaffirmed my long position here today.
First, the company has the vote coming on 5/12/15, if the RS is approved, they have until 5/12/16 to implement it, and the ratio for the RS is 1:2 to 1:20.
Second, they have received the Market cap warning because the stock price is so low, that now the market cap is under the 35mil requirement.
Third, Earnings are due 5/15/15.
I think this is what's going to happen. Regardless of the authorization of the RS, the earnings are going to come out and this is going to either pop right back up, or slowly climb over a couple weeks back up into the 40-50 mil market cap range.
This mitigates the market cap issue, as well as reduces need for anything more than a 2:1 RS. Good news along the way and a sold Q2 that shows Hawaii getting back on track with installations could reduce the need for the RS altogether.
Long RGSE
