SunWorks Inc (SUNWQ)

[SandridgeEnergy]

You state they stopped reporting MD Energy numbers after they got sluggish, I propose they stopped because MD Energy numbers was absorbed into Sunworks and the numbers were reported as part of Sunworks total numbers.

They continued to report MD and Sunworks separately for some time after they had been completely acquired.

Also, before you can make such a statement, you have to get a breakdown of how much business of Sunworks comes from the old MD Energy territory and how much of that business was from MD Energy contacts.

They don't do the breakdown anymore unless you want to reverse engineer datamine it.

As far as "I'll let Nelson speak for himself on the importance of management in acquisitions:" while this is true as being part of JN business plan, a year is more than enough time to groom replacement management.

The replacement management was Kirk Short, who took over a few months after they bought out Elite. JN paid a huge premium on MD and what else do you get out of it besides an experienced team? The whole growth through acquisitions strategy is massively flawed unless there is significant synergy or you can capture so much market share you can exercise monopolistic price control. Neither of these things will ever happen under the current plan. Shareholders should be breathing a sigh of relief that the pace of acquisitions is basically nothing right now.

The plan was never to have Mitchell leave, if you read his employment contract there are all kinds of provisions that punish him for leaving early, but benefit him if he was let go without cause. That's why it would be useful for shareholders to find out the circumstances of his departure. For instance it would determine whether or not SUNW has to repay the promissory not in cash or whether it will be converted in Nov 16 and Nov 17.

Lastly, "you aren't going to be able to leverage market share by having tiny offices here and there" Totally disagree, see every major retail store in America each slowly gain market share one tiny office (store) at a time example CVS, Walgreens, McDonalds, Burger King, Walmart, Target etc etc etc.

WMT and TGT did it by driving the mom and pops out of business and then exercising monopsony control to squeeze their suppliers dry. There is basically no barrier to entry in this business and it's difficult to differentiate yourselves from the competition since you are just providing a service with nothing proprietary about it. Buying pure installer solar stocks is basically buying shares in a general contractor with a sexier name since solar is en vogue right now.