Solar Integrated Roofing Corp (SIRC)

[peterpanwasjusthere]

Knux!

Good morning (if I have your time zone correct).

Yep, it's a sad state of affairs, but what else can one truly expect after applying some small pieces of the pressure test. I'm all set, however, and have plenty of batteries, bottled water and vacuum packed food for the anticipated long haul. I own the SIRC shares I want at the price I want, and my underwriting case is solid in spite of the lack of useful information exchanged in public forums such as... oh well - you get the drill.

Massey's intentions are clear to me as are the risk factors involved (which are several), and I'm fully comfortable with expected case getting to a minimum of 5x return for my holdings. The institutions will eventually come in time if SIRC remains on its current track in spite of their boneheaded moves both past and present. I think it's pretty clear that Massey is in a hurry to sell SIRC to the highest bidder who wants in on SIRC's sales/origination "machine" and the access it would provide in the rapidly expanding geographies SIRC blankets, and I also believe he and his team will be motivated sellers once the right set of bids come knocking. Time will tell.

I'm off focusing on other stocks. Have been selling down/out of my underperforming equities (eg, FCEL) to raise cash for the sell off I believe is coming by year end, and will continue to buy the cheap unloved sectors/equities where I believe the funds will ultimately find value. I see no reason to sell here even with a future dip (or two) barring some major negative surprise from management - which is certainly possible given the history.

Best regards my man, and I expect to reconnect with you soon re IQST once I see them post July #s.