Replies to post #55157 on SunWorks Inc (SUNWQ)

[RV-8 Pilot]

I also was shocked at that statement and thought it was not truthful as well.

[nazulya]

Looks like they are getting somewhat desperate because SUNW is about a week away from traditional ER run up where holders of toxic debt manage to maximize their return. However, here, by this time, share price, trading, volume............all those attributes would be acting differently and retail would be lining up for periodic flipping. That is not happening and it might clearly signal some trouble ahead. imo

[Intotheblack]

At 4:24 on the clip he said, "There's capital obviously anytime you (grew) Grow...in fact we grew 166% last year, but we were positive cash flow, so we didn't rely on capital coming from the market to help us be growing and profitable and so forth...and we'll continue to grow, and we hope to be positive cash flow and the way we do that is by selling the systems to the customer and by operating efficiently..."


Totally true, the cash from the capital markets is still on the books. They have it, but they didn't use it, so he's not lying at all. To accuse him of lying about it is simply twisting his words.

[PMrz]

The use of capital markets was needed for uplisting to NASDAQ. If you read the annual report you'll find Sunworks's cash flow statement indicates that the company ended the fiscal year with a net positive $1.3 million in cash flow from operations. Free cash flow increased by 310.4% from the previous year to $1.0 million.

So who's lying now?