Solar Integrated Roofing Corp (SIRC)

[Mr muse]

I may not hold as many shares as some of you, but I am basically all in again, and was not wanting to see this type of acquisition. I’ve seen my share of deals gone wrong on stocks I’ve held and I am queasy feeling, not as a basher or short, just expressing what any investor with eyes open will feel.

Something feels wrong with this and maybe it’s just a way for this person to get out from a bad place, and move onto a promising company with real leadership. I can hope that the team already knows Pablo from some historical place and see value in what he does as an added player on the team.

A well positioned team can help a situation if the player is the right mix and right caliber person. I’m not sure they are buying a thriving company with this one, so I am eager to hear details.

I have 503,000 shares now. And have reinvested pretty much every thing left.

Minus a few small holdings. This is 85% of my portfolio give or take. And I have high hopes for the company as a whole, and I believe even if this acquisition turns out less than expected, they could still use the skillset and team to build out a robust EV charging division.

Maybe when you’re small you have to make deals and take risks. And hopefully someone on their team knows this person personally and has confidence in him. Also I hope they put in safeguards in all their acquisitions.

I do believe they will be shooting for $200MM in revenue in 24 months. And if they hit that with 400MM shares, they will likely make the $3 mark again. That would be a 6x multiple on 100% growth.

We can hope the industry allows sustainable growth at that level or higher and if it does $0.48 will be history. At $0.50 it would be a 1x multiple for market cap to revenue in 24 months. I expect we could see a spike of 10x again if they manage this situation correctly.

Somehow they have to address this publicly.