Peter, SIRC went thru a massive correction since February 2021 which few expected the severity of including you and me. I'm still deep in the black though by getting long early off the ascending triangle that formed November and December 2020 on the chart. I also liked the SS, industry and people running the company when I bought. I never just use the charts to buy and sell. Blend of charts and fundamentals I believe is best.
As far as your conspiracy theory about making money on the decline ask the MM's/hedge funds.
Peter you said you need some guidance here? Buy IMO...and this time don't sell till you have a 100 bagger.
SIRC Strong!!!
1. Conservative $100M revenue guidance for next year recently reconfirmed by management. Revenue is expected to double the year after next.
2. Q3 Earnings report due Jan 15th expected 20 million plus!! Massive revenue growth year over year. Could show the companies first profits.
3. Funds becoming available right around Christmas from the $42.0 Million Equity Purchase Agreement with Arbiter Capital.
4. Negotiations underway right now with SIRC's convertible note holders to wipe out toxic debt. Shares to be retired to treasury.
5. "Capital Stack" in the works. Hoping to add up to $150M institutional investment in addition to the $42M Arbiter funding.
6. Audit completed.
7. Up-list to the OTCQB expected in early January 2022. Up-list to OTCQX expected by March 2022. Expected Nasdaq up-list in 2023.
8. Expecting a new CASH acquisition - SVG (Storm Ventures Group), a premier contractor consulting firm, in Jan 2022.
9. Solar industry should be booming for years to come.
10. Have made strategic acquisitions over the last year to help generate revenue.
11. SIRC is expanding at a smart methodical pace. New acquisitions lining up. Cash only, 4x EBITDA purchase price metric. Solar Installers. Portion of cash to buy back OS
12. Low float.
13. Outstanding upper-management team.
14. Excellent company transparency - monthly Q&A sessions on Discord-MediaTek.
15. Democratic Republican bipartisan 2T infrastructure bill passing with clean EV a priority.
16. Government Contract Certification
17. TESLA certified
18. Solar Utilities Provider
We are just getting started folks...IMO
"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 -
