I know right? Nobody cares. The only thing people care about is their return on investment which was great of you got in early and not so great if you chased...then again great if you bought in any of the dips since the bottom and sold at the top. Now the bear narrative is clearly looking for best entries again otherwise why rehash ancient history that nobody cares about again...and again.... With such intensity. Ugh....
Unless we are reading different filings Nelson has lost the company $45,483,000 since he took over.
He has literally lost as much money as the current market cap of the company, which is insane!
That's pathetic. If the board of directors was not stacked with his friends from college, he would have been fired a long long time ago.
His only success is convincing his mostly naive shareholders that revenues from one times sales to non-repeat customers mean something even if you are losing a ton of money.
Perhaps you could loan me some money and I will start a business, I only need $100,000 dollars and I can guarantee I will earn more revenues than Jim Nelson.
Here is my business plan:
I am going to sell $100 bills for $99.90 and then reinvest the revenues. I am certain I could find a market for this because pretty much everybody wants $100 bills and by selling them at a discount I am sure to find a buyer quickly!
Because I simply had nothing better to do I wrote up a simulation for this business in Java (feel free to edit the initial investment value or the sales price ratio if you want to experiment):
If you gave me $100,000 I could earn over $99 million in revenues from it easily. And I certainly wouldn't have to lose $45 million dollars (as Nelson did) to do it either!
Of course the flaw in my business plan is the same as the one in Sunworks, only Sunworks loses and lost much more money then mine.
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