Friday, September 08, 2017 11:24:41 AM
Since this is a very long term development company, on the surface the news hurts.
Let's not forget they just did a private placement and the PPS held. I wonder if those folks knew about these new capital raises?
The money is to be used for:
Q4 (2017) – Q2 (2018): Capital raise for integration of SolarWindow ™ at Triview, the acquisition of coating and ancillary equipment for installation at Triview to fabricate electricity-generating glass products, and for working capital.
SolarWindow will provide ongoing updates on fabrication and production targets, and additional commercial collaborations.
Q2 – Q3 (2018): Follow-on capital raise for the build-out of technical and production personnel; and purchase and installation of additional manufacturing equipment, raw materials and supplies.
Ongoing updates on product lines; sales and marketing, and distribution channels will be provided by SolarWindow.
WNDW is moving along in fits and stars. At least the money will be used for really good things that will move the company along. The other good thing is they appear to be a year away from actually being able to fabricate real, full size windows. Hopefully they'll be able to secure a test building to act as a proving ground. A little more government help would be helpful. They've supplied some development money. Maybe they can supply a building to be retrofitted.
If I had any idea this would be the surprise news that they preannounced would be coming yesterday, I would have sold my shares on Wednesday and bought them back today.
Now I'm just going to ride out the storm. Geeezzzz WNDW feels like a forever company.
https://solarwindow.com/2017/09/solarwindow-production-product-update-electricity-generating-glass/
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