Spectacular Solar Inc (SPSO)

[iwondertoo]

Well, I checked out their website and the financials. I did say I am prejudiced, but I try to overlook that.

I stated the two biggest things that I saw. Namely, plenty of shares for a company this size, and the number of vehicles (most solar companies around here seem to have vehicles all over the place, and they aren't trying to be public companies), the number of employees, as evidenced by the payroll numbers.

Quite frankly, I see no reason for them to go public, other than to put money into the owners' pocket. They don't appear to be large enough to be anything but a private company, and there are solar companies coming out our ears.

I much prefer a company that is a business in and of itself, and they seem to be wanting to be a conglomeration of a lot of smaller companies. I dislike that business model, I dislike the whole solar model which, at this time is built on tax-payer subsidies, which I see as diminishing, and I doubt many companies will survive.

I also question their money flow, with such a large amount coming in, versus their reported cost of the systems they installed. My assumption was that the materials would be a higher proportion.

I guess, as always, time will show. I have nothing against people investing in companies I just hate it when people are told that things are not a gamble and the company that is falling in share price for no reason. I don't believe it. And, I see no reason why this company should be valued at between 100-400 million, which is what the proposed share price would put it at.