InvestorsHub Logo
Followers 33
Posts 1401
Boards Moderated 0
Alias Born 02/24/2009

Re: wooferwax post# 2170

Sunday, 05/16/2010 1:31:52 AM

Sunday, May 16, 2010 1:31:52 AM

Post# of 104535
Wooferwax,
Yes, a GW of cells would put us in lots of black provided Solterra had the means to get them into the end product or if it was from an independent buyer, but I don't believe that is going to be the case in the near term. Right now all we know is they have been approved for a major solar farm somewhere in Saudi Arabia. That info we got during the carbon credit press release. But that great info still doesn't mean we have the end product. Half the cost of a solar panel is the hardware and then the cells, I know we will kick butt in the cell part and that should translate somewhat to the panel as well. But we still need to have the whole package, inverter's and all. So with those costs still hanging over Solterra's head I think Steve was right on the company continuing to show a loss, that was in the 14c where he made reference to a loss for the next year. So we still have a few quarters left. One can take that as negative but I personally take that as a positive for several reasons: It shows he isn't unrealistic in his projected time line, He understands what it will take to bring everything together, He's not pumping the company to inflate the stock price with fluff press releases, he's not providing false hopes to the investors. For me that is worth more in the long run, building a sustainable growth company rather than a pump and dump scheme to inflate the stock price. I'm in for the long haul so for me it's in line with my investment strategy, for day traders it's not so good.


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.