NOTES FROM LAST NIGHT'S QnA SESSION WITH DAVE AND JASON:
These notes are from DCCB...:
- Plan on working with the attorney for another round of share buy back within the next 30 days.
- We are close in the process to have 50M cash from a private bank and could use some of this money to buy back 50M outstanding shares. The 50 million would go on the balance as an asset. We are doing a stock swap for collateral Preferred, no common.
- Confident that the audit will be done by the end of Sep.
- Dave is still talking with 2 EV charging companies and he plans to use 50M from the private bank to fund the acquisitions instead of issuing more shares
- 09/23/21 in Austin, TX. The 1st seminar with American ContractorPro. Tickets almost sold out.
- Dave is going to talk to the generator company next week about the licensing agreement.
- Total debt is around 17M and all of them are convertible debts at premium $3-$5/shares.
- Sales for Q2 is 25M. Sales for Q3 could be easily doubled.
- Already confirmed a verbal relationship with an investment firm so they could have our stock in their portfolio. Expect to announce this next week
These notes are from LIVNCHILL...
1. Independent audit committee: on track to getting audit done, then focusing on audit committee to get NASDAQ listing done
2. Brian 5M preferred being retired. Dave retiring 5M preferred /50M common shares. Also getting 50M in cash via bank loan, going to gobble up 50M common shares at that time
3. Tim @ Plemco being overwhelmed with amount of proposals being put out in USG. PLEMCo currently has a 5MM bid out on a wide range of EV projects as part of the Federal gov’s CARB grant.
4. Pablo and SING lawsuit is no effect anymore on SIRC
5. Dave speaking with another EV company and getting an NDA out today. Looking to expand there and pretty sure an acquisition would happen with the 50M in cash from the bank, no extra shares
6. Dave guessing we are profitable right now as of today.
7. Goal is second quarter in 2022 for NASDAQ
8. Looking to get together with the generator company next week to secure a licensing agreement.
9. A couple names changes being considered . They bought www.solarev.com which was fairly expensive. US Energy Solutions a possibility if the generator company agreement happens.
10. Sales numbers for this quarter right at 25M. Next quarter could easily double.
11. ToolBox IOS developing some proprietary software to run SIRC, but they found something in the meantime that is working well for them.
12. Partnership with Enphase with new technology rolled out in a few months where the daily Solar wont need batteries?!?
13. Goal of NASDAQ interview was to reach new investors.
12. Promise to us is they won't mess up anything right now to mess up audits and only want to use cash, not shares for acquisitions.
13. Jason looking to rollout now in Central Cali, Florida, Texas.
14. Jason said the job of selling has actually become easier as the result in all prices going up around us. People love ownership and want to lock down their monthly costs.
15. 10M shares added to the OS was a note conversion
"It never was my thinking that made the big money for me. It always was the sitting. Got that? My sitting tight!" - Reminiscences of a Stock Operator -
