Here are my key takeaways from this afternoon's Q&A:
Darin Pastor President of Arbiter Bank reaffirmed $42M loan to SIRC. Darin stated he cannot (due to regulations) endorse SIRC as a company. He then went on to say that it is because of what Dave Massey is doing is the "future" and why Arbiter decided to make the loan. Quote: "Will be worth every penny". Funds expected to drop on January 24.
Meetings with other Banking institutions scheduled for investor conferences during February and March in an effort to attract more institution investment in SIRC (“Capital Stack”).
SIRC Corporate HQ now officially in Nevada which should result in lower corporate taxes.
Plemco EV subsidiary has been working with several California municipalities for EV charging and has about $4m in projects to date and expected to grow exponentially.
Heartland Construction (LOI just announced) will be focused on growing the SIRC commercial business.
Storm Ventures Group - SVG (LOI just announced) has signed up some 200 roofing companies to sell solar. Expect SVG acquisition to be completed very soon after Arbiter funds drop. After SVG is acquired SIRC sales force will double from 200 to 400.
$78M Revenue for seven new acquisitions was trailing revenue. Will most likely increase significantly once folded into the SIRC operation.
After recently announced acquisitions are complete SIRC W2 employee count will increase by 140 to 675.
Deal in the works to buy out note holders resulting in 40M shares going to company treasury.
Law suit filed against Hunter Ballew for misrepresentation of Cornerstone financials. If successful, this will result in return of an additional 45M to SIRC treasury.
Shares purchased from note holders, 40M, plus 45M (if law suit is successful would result in a total of 85M share reclamation to the company treasury.
SIRC is forming a $100M "Finance Division" to take all project financing in house. SIRC Finance will provide funding and retain all related interest payments and avoid the costs of third party financing. Board member Hector Pena is leading this effort and projects with a $100 million fund, he could get our balance sheets to $1.5 billion in assets.
Up-list to OTCQB expected in the next week or so with OTCQX up-list to follow later this year.
Audit completion for all existing subsidiaries expected to be complete by March 30 allowing for SEC Form 10 filing.
SIRC internal workforce coupled with external contractors will be sufficient to handle sales growth.
Final selection of a national marketing firm to spread the company’s brand underway and expected soon.
Material sourcing proceeding for the Calaway Farm project. Estimated construction time 3 months. The initial Calaway project will become a “template” for deals for the rest of the Calaway holdings.
La Gonave Island project planning and negotiations actively proceeding with government officials.
SIRC received 60M RxSeed coins (crypto currency) as compensation for their involvement with the company.
