Replies to post #54211 on SunWorks Inc (SUNWQ)

[Brentpdc]

Have you called him? You can reach out to him . He will get back to you .

[Level2Me]

How about company's latest 10k? It's all there... and it's been there every quarterly/annual report

[SandridgeEnergy]

Not only has there been a lack of buying, but at one point shortly after the purchase of SUNworks Nelson systematically sold every share he owned. The following numbers are prior to the 26-1 reverse split.

Here are most of the sales (from EDGAR):



Here is the final sale:




Shortly after he received another share bonus to replenish his supply.




He did buy a whopping 6000 shares though at $4.15 at the start of 2015, so there's that.


To the extent that insiders do own shares, it's essentially an accounting gimmick to book expenses in an earlier period. Nelson says all the time that the execs are "underpaid" and therefore sell shares from time to time as part of their compensation. But they are selling these shares from a big pile that was expensed years ago, leading to a massive accumulated deficit. This allows them to appear more profitable than they would be if they actually expensed executive compensation normally.

[buckylaw06]

Nobody likely cares how SunWorks was purchased years ago when SLTD had no cash of its own and was listed OTC and couldn't access the capital markets, and nobody likely cares about how many shares the insiders own. If anyone really wants to discuss FACTS, however, instead of innuendo, characterizations, and unsupported assertions, then by all means post the actual insider share counts from the recent annual report. Here's the link; took me all of 30 seconds to find it. http://www.sec.gov/Archives/edgar/data/1172631/000118518516003879/sunworks10k123115.htm#Item12.Security
Of course, everyone likely knows JN is set to get a bunch more shares issued to him in the near future as a bonus when the company hits its profit milestone.

Again, I am asking everybody a simple question, please provide a credible link or information about insiders' holdings including Nelson owning a meaningful amount of common shares in this company. As I said Nelson is very trigger happy in issuing free shares and totally destroying shareholders value. Anybody who owned common shares won't do that. He simply doesn't care about shareholders or share price.