SunWorks Inc (SUNWQ)

[SandridgeEnergy]

Positive from a business standpoint or share price standpoint?

From a share price standpoint the latest round of pumping is positive, I predicted it would happen and loaded up right before it did. The reason I am confident? It's following the exact same pattern it did when it was actually pumped, the low volume is exaggerating the moves.

Basically in previous pumps it would look something like this:

Phase 1: Larger than average high volume buys out of the blue (this is whats happening now)

Phase 2: Pump combined with PR. Last year was the Amazon contract. Generated over 3M daily volume, by far the record. The fact that the company was willing to flagrantly violate their NDA with Amazon showed how far they are willing to go to pump their stock.

This PR firm was hired to place articles to highlight it: http://www.coltrin.com/client-news.html

As far as hard proof. I don't have any! I don't have any info nobody else has. Just a gut feeling based on historical analysis. However I would not be surpised if the recent coverage from Roth had something to with it.

Roth is a name that is familiar to me from my time in the Chinese reverse merger stocks world. They had a big part in bringing many of the total and complete frauds from China into the US. Their presence with SUNW just before all of this is highly suspicious to me.

Those guys from IRTH were in the same game as well, bringing Chinese companies into the US via reverse merger, many of them complete frauds. I am pretty sure all or at least almost all of them have been de-listed since then. Our current CEO Cargile is linked to the IRTH guys via his board membership at an affiliated company. Further evidence of their persistent involvement comes from the recent move of the SITO CEO to CABN. SITO is affiliated with IRTH, and CABN only with the "Santa Barbara Gang". This second piece of info pretty much confirmed to me that IRTH is still in the game, just behind the scenes.

Via Reuters:

One of the leading banks in the game was Roth Capital Partners of Newport Beach, California. Led by Chairman Byron Roth, its specialty is to provide financing to Chinese clients after a reverse merger. Roth says it has raised more than $3 billion for U.S.-listed Chinese companies. Such deals accounted for nearly half of the $1.9 billion in capital Roth raised for clients in 2009. Roth's heady success was reflected in the glitzy conferences it threw for the industry. In March, more than 3,000 hedge-fund managers, accountants, lawyers, bankers and financial advisers flocked to the Ritz Carlton Hotel in Dana Point, southern California.

Just hours after the Public Company Accounting Oversight Board issued its warning about Chinese reverse mergers, Roth threw a wear-only-white "Miami Glam" party in an elegant tent. Guests stood surrounded by rhinestone-encrusted sculptures of leopards. Bikini-clad hostesses served cotton candy as rapper Pitbull put on a concert. For the more conservative Chinese guests, Roth organized a lavish banquet nearby at the posh Resort at Pelican Hill.

"They don't like our food. And they don't like rap," explained one organizer.

Not all of Roth's deals have stood the test of time. One client, China Biotics, a maker of so-called pro-biotic food products, delisted from NASDAQ in June, 19 months after Roth helped it raise more than $79 million from investors. China Biotics' auditor resigned amid accusations that the company forged documents and created a fake website that overstated its cash holdings. Byron Roth, Roth's chief executive, declined to comment.

Of course just because they facilitated countless scams a few years ago doesn't mean they are still doing that, but it shows they were willing to.

Sunworks
Investor's Business Daily July 14, 2016
Amazon Taps Solar IPO For Install; Follows Apple, Google, Tesla Greenery

Sunworks
TheStreet July 14, 2016
Sunworks (SUNW) Stock Spikes, Announces Deal with Amazon.com

From a business standpoint, solar installation is basically a commodity business. So I expect company performance to closely track the Californian solar market at large, which isn't doing great this year. Historically this is basically what the company has done, but you have to disentangle the acquisitions.

The company would have to outperform the market, by a lot, in order to earn more revenue than last year at a profit. I don't think this will happen. The question then becomes whether this yeah is as bad as last year on the bottom line. If it rains hard again we could be bankrupt, if not they probably muddle along into next year.