SunWorks Inc (SUNWQ)

[buckylaw06]

Wrong. "Most likely" wrong? "Apparently" wrong? No, the insinuations are just plain wrong.

I suggest that anyone who cares should Google "SEC form 5 instructions" and review the PDF. You'll learn that shares gifted in 2016 "apparently" didn't need to be reported on the form 5 Annual Statement until after the company's fiscal year ended. If it was a tardy reporting of a transaction that had to be reported earlier on a form 4, the form would have indicated as much. See instruction 8, particularly the last paragraph.

If one wants to engage in speculation, then I would suggest it is "apparently" "most likely" that the Apr. 11 share gift, made just prior to the annual tax-filing deadline, was a charitable donation for tax purposes.

Year end financials are audited (not quarterly) and these shares were gifted right after last years financials were filed.

Most likely, the auditors caught this and couldn't sign off on their report until this was fixed and are having him do this.

Apparently he thought he could just gift his shares to someone and that person could potentially sell the shares and he would not have to file. I don't know why he thought this, seems obvious that you can't do that.