Replies to post #12026 on SunWorks Inc (SUNWQ)

[Intotheblack]

Thanks Shark, I was looking for that one that matures sooner than later and couldn't find it. Yes, that's nothing, we'll soak that up in about a week, maybe less if the volume is up at these prices.

And I totally stand behind the knowledge. There's nothing to be scared or afraid of about these convertible notes becasue we have the revenue now to back them up. It's simply how business is done at these levels. As we get a stronger balance sheet other financial vehicles will become available to us reducing the need for these convertibles in the future.

The financials of this company are in pretty nice shape compared to most on the OTC and as SUNworks continues to build it's bottom line it'll only get nicer from here.

The cell is not "out of play" yet either, leaving open the possibility of a real gravy train here once we get stabilized with a few solid quarters of Revenue and Profits behind us and then hear something positive about the cell development.

[buckylaw06]

I have a few corrections/comments on MarketShark's info/conclusions about the promissory notes.
Regarding the $100K note from Jan. 29, 2014:
First, SLTD only received $90K in advances, so only about 6.9 million shares will convert. Minor difference.
Second, the shares may or may not be sold immediately by the lender/investor.
Third, this appears irrelevant at the moment because today's new filing updated the info on this promissory note, stating that it actually matures in 9 months.
Regarding the $500K note maturing on Oct. 31:
There is another identical note in the amount of $750K
So, that's another 15 million shares on top of the 10 million you mentioned.
But, again, the lender/investors may or may not immediately dump their shares.
Regarding the 4 acquisition notes totaling $1.75 million:
I disagree that those notes "are currently being sold to the public." Those notes were issued to the prior owners of Sunworks. I'm pretty sure that if those guys were converting and then selling shares, we'd know about it, because the guys are still insiders at Sunworks/SLTD (at least, I think they're still all there).
Also, as an update, today's report indicates that no more shares were converted yet on this set of notes.