Alex, that's not the question at all. This isn't nearly a dichotomy between delisting or bankruptcy. Although those have always been considerations, I don't think it's an issue any longer. I'd give delisting a 20% chance at best right now. You're thinking BK? They just did an offering...
I don't see any way this doesn't continue to meet the requirement. Given the new OS, The price updated price target is 4-5$. Any bear case of "Q2" wasn't strong enough is easily mitigated by the capital raise and a brighter outlook.
The bloodbath today is at least in part due to the Greek meltdown. Combine that with the sell surge after the run and add to it the shorting and pushing down to lower the Series F warrants pricing. The downside volume the last couple days pales in comparison to the runs the last few weeks.
The fact is there's too much company here. The backlog I'm not concerned with in the slightest. Again, too much solar being installed everywhere to worry about a couple angry birds who didn't get their's installed fast enough. The backlog was too big to fill in a timely manner, Lacey himself said it needed to be smaller to be able to be managed better.
Hawaii is huge, back in play again and Sunetric will continue to be a major part of it. The east cost has tons of low hanging fruit still. We lost a couple states due to silly fossil regulations, those won't last forever. The rest of the states should be cranking along.
I hear your fears though, I think it's somewhat misplaced. BTW Are you still long here?
Long RGSE
AI
