I hadn't seen that Chuck was a director from Reeds. This probably helps explain how he came to SUNW.
Nelson is friends with the Haag brothers, and a former (possibly current secret client) of their firm IR firm IRTH Communications.
The Haag brothers have also worked with Frank Hunt, the head of the audit committee at the now bankrupt firm Cereplast.
They do various things including paying authors to write articles on Seeking Alpha that are only disclosed as "paid by third party". They were behind the promos of SLTD on Microcapresearch, via an intermediary named Darren Lopez (himself a CEO of his own company (TSTS), which appears to have been a shell used for pump and dumps), a few years ago as well.
Anyway Reed's has a long relationship with IRTH Communications that goes back many years. Obviously more work needs to be done to flesh all this out. But it seems the Haag brothers have a hand in the current realignment of SUNW.
If true this means two things:
1. These guys are good at their job of pumping their clients. They will probably be able to get results in the short term in regards to price. They use all kinds of what I consider to be shady methods of pumping their clients (including what I said above). Whatever the ethics of it, they often work in the short term.
2. Whatever new strategy they are doing is designed primarily to gain investor interest in the company with the goal of raising capital at a higher stock price. This is what they do. Almost all of the clients raise capital fairly routinely but otherwise have horrible business models in terms of generating sustainable profits. Shareholder value tends to suffer in the long term for them.
Note well that those two bullet points depend on the level of involvement the Haag brothers have with Sunworks now. It's more than zero, but the actual level is unknown.
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