I see zero problem with this company going forward. Solar isn't going away, and well, neither is SUNW. They may merge, raise capital, lose money for several years- or none of the above and still stay in business. They have a solid plan and a solid team. (GO SUNW!)
As for the loan vs the W's. The loan was a no brainer decision. They took the loan so that there's no dilution. That's what you do if you can get good enough terms. The W's are there and will continue to be unless there's some strategic reason to buy them back or a merger cashed them out. Otherwise, the expiration is (I believe) sometime in March 2020.
Warrants are simply long call options. They are so far out of the money they trade between .02 and .14 at present. This is the best time to buy long call options because they are "virtually worthless", and that means if you have the balls to step up and buy some, you have the potential to really multiply your capital. The W's trade very thinly, when they trade at all. However for those that are heavy on these things and sweating it, relax. You still have until March 2020. There are several quarterly reports, and at least one more annual before then. If they do turnaround the company and start (somehow) showing a profit regularly- these will not only start trading higher- but people will make serious % gains on them.
They are not for the faint of heart, or the light of pockets. They are probably as risky as it gets in any market. However would I toss them in the trash with almost 2 full years to expiry? Hell to the no.
Even the bears here have conceded that this isn't looking terrible going forward. Given that, I'm going to sit back and watch SUNW as well as SUNWW and see what happens. The ticker only needs to get to 4.15 to be able to convert them for common. You can sell/trade them at any time. As you can buy them right now for .13 as a few brave souls did today, IF (and I know it's a big if and no time soon) the company really has some breakthrough regarding Blockchain or something else regardless of how based in fact or fiction any PR is... if the stock takes off- the W's will as well. You may easily double, triple or even quadruple or more your money.
Should something sensational happen and the stock really fly... the you'd stand to make a small fortune from them. And when I say "something sensational" - you never know, because it happens in the market all the time, and it's happened here before.
Again- long odds at best, but hey, if you're reading this...here... you're probably in more of a gambler category than an investor anyways.
So... who was it again that said SUNW was going to start using their own proprietary Blockchain to monitor power generation at all production locations again?
Oh... that was me. And I don't work for them and I don't know any of them- so this is just an Idea I'm throwing out there to Chuck and the gang. Come on guys, take it and run with it.
Long
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