Solar Integrated Roofing Corp (SIRC)

[TripTrap]

Some more VERY important posts today by Brett Rosen, the owner of RB Capital Partners, Inc....

This upcoming week is shaping up to be a HUGE week for information discovery about SIRC. That in mind I felt it is important for everyone to see these posts and get a better understanding of SIRC's financing situation at this moment in time. Anyone is free to go sign up and read these posts on their own but just wanted to make sure everyone saw them...

Also wanted to thank Brett for his transparency of his thoughts and his company's role in the financing for SIRC. Thank you Brett!!
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Q. How much money does SIRC owe to lenders?

BrettRosen325 — Today at 10:21 AM
Right now $SIRC owes RB Capital around $9,500,000 including interest but the debt converts at $3.00 per share if they don’t pay me back. The other debt are owed to a couple of other “groups” (Granite Partners / Tony toffolon and Jefferson street capital / Mike Goldberg) and that totals about another $15m or so! I do believe some deals have already been made to eliminate a good portion of that debt.

BrettRosen325 — Today at 10:37 AM
It’s probably around $24m total but the $9.5m to RB Capital isn’t dilutive and has no warrants attached to the note.

Q. Do you think an Arbiter loan vs an equity purchase is a good thing?

BrettRosen325 — Today at 10:44 AM
It is nearly impossible for an OTC company to get $42m in equity investments. The most I have ever seen was around $25m ($CYDY) and that didn’t work out too well for the shareholders as the pps is down nearly 90% since then!

BrettRosen325 — Today at 10:44 AM
$SIRC needs investors not money lenders!

BrettRosen325 — Today at 10:46 AM
Money lenders convert/dilute, sell the stock and repeat. It’s a Vicious cycle that most companies cannot overcome. Check out the stock issuances on 6/2/2021 and you will be shocked.

Q. If Arbiter is further delayed or doesn’t happen, what do you think is SIRC’s most likely scenario for raising money?

BrettRosen325 — Today at 10:47 AM
Honestly I think RB Capital will have to come in with a bridge loan (non convertible) to take out out the bad actors.
A little food for thought. Check out these issuances as this is what has been harming $SIRC. Sorry for the bad handwriting but im old school!


BrettRosen325 — Today at 10:51 AM
I wish I got 74m+ shares in the past 27 months for next to nothing! This is also doesn’t count the last issuance a few weeks ago! When I invested in $SIRC they only had 140m in the OS and it’s easy to track where all the shares went.

Q. Does this encourage management to consider a merger / buyout rather than stay in the vicious lending cycle?

BrettRosen325 — Today at 10:52 AM
The vicious lending cycle is coming to an end quickly! Nasdaq will cure all problems and stop the harmful dilution once and for all!

Q. Is a buyout sircs best fate?

BrettRosen325 — Today at 10:53 AM
I think they are more positioned for an uplist to the Nasdaq and then go in an acquisition spree with the S-1 money.

BrettRosen325 — Today at 10:54 AM
I want to be as transparent and helpful as possible as that is how a company succeeds in the public markets nowadays.

BrettRosen325 — Today at 10:59 AM
Bad actors often follow around trends or hot investing sectors so when solar became popular, the vultures started circling. It’s not Dave’s fault as these guys are very good at convincing people they are doing good!

BrettRosen325 — Today at 11:00 AM
Sorry, yes I am the owner of RB Capital. I have one partner Deborah Braun (@deborahrachelb on Twitter). We do NOT have any investors or outside money which is why I have no one to answer to and can come on discord and talk so freely!

BrettRosen325 — Today at 11:02 AM
It’s my pleasure as I understand that we are all shareholders and technically the owners of the company.

Q. Do these lenders typically short the stock?

BrettRosen325 — Today at 11:07 AM
This is the tricky part. If a lender has restricted stock or a promissory note that isn’t overdue yet, and they have shares on reserve with the transfer agent (TA); then a lot of prime brokers and/or offshore brokers will allow these lenders to take long term short positions knowing that the shares can be replaced from the reserve at the TA. This is a pseudo naked short as the shares don’t currently exist but will in the near future (less than 6 months). This is how a toxic lender keeps the price down so when the time comes to convert their debt, they get more shares for their money because it’s often based on the pps and some % discount to that price!
It’s a dirty game and it’s been going on forever. I have NEVER taken a short position in any company I have invested In, or any company period. I am strictly a long investor.

Q. Is Arbiter a good or bad actor in your opinion?

BrettRosen325 — Today at 11:11 AM
I believe it’s the deal is good for the company/shareholders then I am all for it. As I said I am going to speak to the Arbiter guys early this week and get some answers! I will then make my decision but at the moment I am all for it.

BrettRosen325 — Today at 11:13 AM
Always. You guys can always reach out to me on Twitter (@BrettRosen325) or LinkedIn! Feel free to send me emails directly with questions or comments and I will see what I can do to help! My email address is [e-mail].

Q. Has anyone else had any luck getting in touch with those guys?

BrettRosen325 — Today at 2:30 PM
I am not just trying to get in touch with Arbiter, the meeting has been set up by Dave so I am not going to chase them around.

Q. Brett, question for you.. why would noteholders like Tony be selling shares at these prices compared to holding onto them and selling at a higher price? Desperation for money atm?

BrettRosen325 — Today at 2:33 PM
Honestly if you paid less than a penny for you shares, would you really care about waiting it out! Not to mention they always believe they can get more shares.

BrettRosen325 — Today at 2:42 PM
I expect to speak to arbiter tomorrow so I assume Dave will make some updates shortly thereafter

Q. What timeframe do you predict sirc debt structure to be cleaned up?

BrettRosen325 — Today at 3:59 PM
It will all have to be cleaned up prior to a Nasdaq uplist to satisfy the shareholder equity requirement! So I would say less than 12 months for sure.

BrettRosen325 — Today at 4:00 PM
More money and more cash on hand is always good for a company with a acquisition based growth model.

Q. If you find out Arbiter is a fraud and the loan will never happen what are you doing with your investment in SIRC/SOAR?
100% theoretical question, just in case people have trouble with reading comprehension

BrettRosen325 — Today at 4:16 PM
I don’t think that is the case but Theoretically I would most likely help them with another means of financing, maybe a smaller amount but something that made an impact. I would not just abandon a $9m+ investment as Arbiter is not $SIRC