Replies to post #15305 on Spectacular Solar Inc (SPSO)

[Manti]

One can only surmise the answer to that as it has not been stated by the company.

My thoughts are that there is ALWAYS a backlog, which is how ALL thriving businesses operate. It would be ludicrous to think that a business could fluctuate production and services to 100% fill orders as they come in.

The 50M backlog, compared to the volume of work that has been put out in the past, indicates that there is huge demand for what SPSO is selling, and that explains WHY Doug chose to go public rather than stay private: it gives him access to more capital with which he can grow his business. The added effort to go public has undoubtedly taken away from the ability to fill contracts as there are only 24 hours in a day, but as the company gets realigned and staffed, the amount of work that can be done will grow exponentially compared to what could have been done otherwise.

He is building a company to supply the demand, and doing a very good job of it, and others see that as well. That's why the sp is rising and will continue to rise.

[JBGoode]

Manti's response was excellent, but I wanted to address your question of "can these go elsewhere." Short answer is no. $SPSO shouldn't be reporting interested parties who haven't yet contracted with them as part of a backlog; backlog reported should be finalized contractual agreements.

These are agreements to provide a set of services within a specific timeframe. Part of that contractual process will have involved $SPSO knowing what their current obligations are and providing a window they can actually provide the services in. Once the contract is signed, it's part of the backlog until completed or until either side violates the contract.

I'm not privy to know if there's an amount paid up front to help cover material & labor costs but generally I believe the payment will be recorded at the fulfillment of the job/contract.

[staynafloat]

As a point of reference for all our shareholders, though contracts may be signed, we do not
announce contracts until the financing has been approved. At this point, we have a backlog of
$50 million in projects and we look forward to releasing the names of each as they come to
fruition. A press release will be disseminated later this week with the details of the Chelsea Pub
project in Atlantic City that was announced on Twitter. We now have secured client financing for
over $1.3 million in contracts in 2020

Another PR due out first of the week announcing the next with financing :)

https://backend.otcmarkets.com/otcapi/company/dns/news/document/40199/content