Replies to post #59480 on SunWorks Inc (SUNWQ)

[SandridgeEnergy]

The company will depend on non-small retail investors buying stock in the company eventually if you ever want to see it at $4+ again. They got a huge contingent of new investors when they first listed on the Nasdaq, but I don't really see too many of them around anywhere anymore. Most people still invested in this are from the penny-stock land where these kind of shenanigans are pretty much expected if not accepted. Outside of penny-stock land people really don't like this stuff.

It's been several years since they uplisted and institutional ownership is essentially zilch. Everything I have found and more can be found by anybody with a halfway decent due diligence team. All of these things are massive red flags that have been scaring the kind of serious and committed long term investors this company needs away.

Just imagine if you gave your money to someone else to manage and they bought this stock around $3. Then you find out that the CEO gave shares to two individuals in a private offering for $0.338 a share, and you lost money. And before this the CEO was involved in promoting a fake solar cell that came and went without even being proved to actually exist. You ask that person "Why did you invest in this and lose my money?" and he tells you "Well he did do these things, but I thought it didn't matter anymore because it was a couple of years ago"

It's those kinds of conversations that hedge funds generally like to avoid with their clients, and as such they are going to avoid a company like this.

Also, did you know that the note still hasn't finished converting? Every time a piece of it converts the stock price drops and has more difficulty recovering than it did before, just go into the older filings and compare the dates of note conversion with the stock price. There are still plenty of shares that remain to be converted.

or because of his inexcusable sins of the past the stock will stay at two dollars and not grow.

I suspect it will continue to have volatility, but when I first looked at this stock it was $5, and the company was much smaller back then. Since then It's been a case of one step forward two step back for years. They change their company vision constantly, so it's hard to predict what will happen this year.

Two years ago the cell was still in play.
Last year it was all about M & A being the future of the company.
Now that is out the window, and they keep promising to do different things to get people excited but nothing they say ever pans out.


After so many broken promises, the problem seems to be that investors are now wanting to see results and then buy, instead of buying anticipating great results. And when it comes to "doing what they say they will do", they have done very little of that aside from making it the company slogan.

I don't need to list all the things that the company said they were going to do in a flash PR, but then ended up not doing. Everybody who has been around knows that list is quite long.

Also the employment contract for Abe and the rest of the original SunWorks execs expires at the end of this month, which might be important or might not be important.