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Alias Born | 02/10/2016 |
Thursday, April 18, 2019 4:25:26 PM
In the previous years poor (in my opinion highly unethical) management decisions weighed heavily on margins and caused a lot of damage. The question is whether the business model was sound, but weighed down by bad management, or if the business model is fundamentally untenable to begin with and was just a smokescreen for management looting.
The last two years were spent by Chuck basically trying to prove that the business model was and is sound, and once it is run more professionally, then results will follow. Nothing drastic was changed in the business model, it's basically Sunworks 1.1 (now with less corruption!)
This is showing some success and the company is getting closer to viability. The problem is that money is getting tight again, and access to additional capital starts to become an issue. So things like the weather and the timing of large projects start to become very important, and those things are impossible to predict. In short, uncertainty and living with ambiguity will decide the future for at least the next year.
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