SunWorks Inc (SUNWQ)

[SandridgeEnergy]

Abe, personally, has enough cash from selling shares of Sunworks to start a company larger than Sunworks was when he sold it.

If his business partners join in with him again, they could create a company larger than Sunworks is NOW just from using money made from selling shares they got when they sold Sunworks.

So they will be fine.

The cost over-runs are just the company making corrections for cost estimates that were too low stemming from 2016. It's not a failure of capability to manage projects, it's a failure to accurately account for them. The costs were not higher than they should have been, or will be, they just underestimated costs early so they have "overruns" later to make up for it.

If they had made the correct estimates back then they wouldn't have been able to get all their stock comp, but that is another story.

Sure there are better managers than Abe. But Abe and his partners are the ones who created all of the relationships between Sunworks and their clients, so them potentially setting up shop in competition with Sunworks is very dangerous.

As for who is buying... who knows. I doubt the reason has anything to do with anything any of us have been talking about here though. Definitely not because they shaved $50K from board salaries.

But for about $20-50K you could hire someone who can generate this kind of volume from their follower / client base, this company used to do stuff like that all the time. And this is the first time we see a big volume move like this from what seems to be nothing.

If I had to guess this might continue for a while depending on how much resources are behind it.

Also I am seeing other people spreading baseless blockchain rumors so who knows: https://twitter.com/buysellshort/status/946027968186347520