Pretty much all grand plans have gone away in regards to cell, growth by aquisition etc.
The only thing still out there is their rapid multi-state growth plan, which like those other things before they went away, is way behind schedule with nothing but empty promises to show for it.
In this interview they claimed to be in Texas and New Mexico, but it's hard to find any evidence which suggests their presence is minimal to none.
Also thanks to you asking me this question I just found something else out that is quite amazing.
You can read it here by looking at the HTML since the article is paywalled (starting around line 2240 or so)
Nelson pretty much admitted in an interview when he retired that the quarterly results from last year were manipulated (but with no "malfeasance").
Cargile stated in the same interview that millions of dollars of expenses were pushed from earlier quarters to the final quarters as well. The Cargile admission is quite amazing because of the implications.
This just happened to lead to Q2 looking amazing (just in time to hit the stock comp metrics that led to massive losses). Without the accounting errors shareholders would have saved millions.
If Cargile was telling the truth in this interview, then Sunworks management, through either deliberate or non-deliberate faulty accounting did not earn the stock compensation they paid to themselves.
They stole from investors blatantly because of bad accounting. That in my opinion is the smoking gun.
I will be calling Cargile (IR is useless and never responds) ASAP about this, and will be publishing about it soon after.
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