Replies to post #62218 on SunWorks Inc (SUNWQ)

[Intotheblack]

Completely concur here. However the easiest way to get the W's out of the gutter would simply be to get the share price back up.

I like this, "Although we anticipate being profitable and generating positive cash flow from operations for the remainder of this year", however I'm wondering what peoples thoughts are on this? Specifically, "...for the remainder of this year"... Does this imply that Q1 was not profitable? But the remainder will be?

Aside from that- if it holds true, and they are profitable going fwd regardless of Q1, then the bottom may be in, or it may be near.

Also, if they have 40M in backlog, and 35M in new projects slated for 2018, that's 75M, if every bit of it is installed. Last year was 77M with a net loss of about 7M so if they can beat last year or come close while turning a profit for the year, in the midst of the terrible climate for solar, I feel pretty positive about this turning around.

I liked Jim. If it weren't for him none of us would be here, period. I'm going to leave it at that.

I agree with you TJS though, move the W's to the big boards... get this thing over $1, and then quadruple it within the next 18 months and those W's will pop right back to reality. If you think about it- the company could get 12M from those if they can get the PPS high enough and easily pay back these new loans. (they were 2 year if I recall...)

Lastly, "To further streamline its capital structure, Sunworks converted all its preferred shares into common shares. The preferred shares convert to common shares at a ratio of one-to-one. As a result of the conversion, the Company has simplified its capital structure and no longer has any preferred shares outstanding"

This is pretty interesting and could be as someone said a prelude to a buyout, or a prelude to the SP rising and the company starting to mature a bit. I love the PR today. Out with the old, in with the new. A little cheap cash that doesn't dilute, while eliminating the preferred shares.

It also doesn't hurt that the "sand" seems to have run out of the hourglass. I expect there will continue to be more critical eyes on this going forward. However again, out with the old.

Long SUNW

[Intotheblack]

Some info on Preferred shares:
"In a buyout, the purchaser is buying all of the common shares of stock for a price it believes to be the fair value of the company as a whole. In order to have a proper valuation of each share, it is important for the buyer to know that all of the common shares are accounted for. Many preferred shares carry convertibility options, where they can trigger a conversion from preferred into common stock. This conversion would dilute the pool of common stock and throw off the valuation of the shares in the buyout. As a result, it would generally be advisable either to value the company as if these shares were converted, or to force their conversion before the buyout."

(Bold and underline added)
http://smallbusiness.chron.com/happens-preferred-stock-buyout-68487.html