Sunday, October 06, 2019 12:49:24 AM
Working from the last quarterly report (for 3 months ending May 31, 2019), there were approximately 90M insider-owned common shares. See page 7 and 8:
https://backend.otcmarkets.com/otcapi/company/financial-report/226255/content
David Massey owned 20M common shares, but announced the retirement of his own 20M shares on Sept. 9th: "Our plan calls for the issuance of stock to complete certain acquisitions. In order to maintain shareholder value, I am directing the retirement of 20 million of my personal shares in the company." This is a guy who wants to build this company up fast without tanking the pps in anticipation of OTCQX uplist and the California mandate for solar roofing on all new homes beginning Jan. 1, 2020.
https://www.globenewswire.com/news-release/2019/09/10/1913246/0/en/Solar-Integrated-Roofing-Corporation-CEO-Announces-Retirement-of-20-Million-Shares.html
So, this means that as of Oct. 2 (last update on OTC Markets) we have 250M AS and 133M OS, of which 70M shares are insider owned. In other words, SIRC's common shares are over 50% insider-owned--another reason to have confidence in this stock. Insiders owning more than 10% of the company have to report sales within 2 days of the trade, so it's easy to monitor insider activity. There isn't any selling. That means the float is, for general trading purposes when insiders aren't selling (and they're not selling), no more than 63M. That's a veeeerrrryyyy loowwww day-to-day float for a stock trading around 4 cents. Buy and hold IMO - we're going to see many days of huge pps jumps if the promised news comes through. Let's lock up this float :)
All my opinion of course - do your own DD as always.
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