Snpw sure seems to be an underdog, at least that’s my perception. That’s the bad news - the good news is who doesn’t want to root for an underdog.
So, why my underdog perception:
. The Medi - they are attempting to alter an industry in medical disposal, yet they have no experience in waste disposal.
. The solar - again, they are attempting to introduce new technology to an established solar market.
. Durango - another project that is quite an undertaking.
These projects are magnified further by the most recent 10Q that states Snpw is insolvent and has failed to create cash flows from revenue sufficient to cover basic costs.
The really good news is Snpw is backed by significant shareholder optimism - and that includes me. However, recent events have concerned me. For example:
. There was communication there would be no dilution but yet it appears there has been recent dilution.
. The announcement of a deal being inked with Chase yet no follow up after the tweet.
. The recent update was lacking, maybe vague is a better word, for specific details/timelines on projects.
I do look forward to the shareholder conference whereby investors can have an interaction directly with the company. When specifically is this going to happen.
I like rooting for an underdog, I would like greater transparency with the underdog I am rooting for.
My opinions as always.
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