Replies to post #26861 on Solar Integrated Roofing Corp (SIRC)

[peterpanwasjusthere]

Trip - I'm finished commenting on any and all things SIRC chart related, so have at it without any peanut gallery input from me. I apologize if I've come off a bit aggressive on this front.

I've read and reread SIRC's just released audited financials for 12/31/2021 multiple times over, and I believe I now have a clear picture of what's possibly driving Granite/Tony and their recent redemption/repayment activity via the Ts & Cs in Granite's convertible note agreements. MoneyMakers' accounting analysis of these financial statements is a solid high level review of what SIRC has published, and the Cornerstone acquisition Goodwill (ie, $38.8 million) speaks volumes regarding many items I've commented on here in the past. I am surprised, however, that his review did not touch on a strong desire to hear substantially more detail from the Company in their "Subsequent Events" footnote. For example, "27,075,035 shares of common stock for debt conversion totaling $27,075" begs many questions.

When I step back and piece together the mosaic of SIRC's recent capital markets related activity, I can easily put myself in Tony/Granite's shoes and see the situation through their eyes. It makes a lot of sense to me if I'm seeing the situation clearly (big if!!). Also, I'll suggest that their is more weighing on SIRC's share price than Tony selling his cheap shares and/or shorting SIRC stock via his escrowed/collateral stock holdings with the Transfer Agent. For me, it would mean a lot if SIRC senior executives would step up and buy meaningful shares of SIRC stock at these prices. Haven't seen this lately, although maybe I've missed this??

That's all I'll comment on for now. I've spent enough time on SIRC of late and frankly I don't see much new data coming my way which would dramatically impact my underwriting case for another ~45 days or so. Exception to this would be the Arbiter cash arriving or another source of funds providing bridge type capital to the Company. Without a material injection of cash into SIRC to help address the various debts coming due over the coming months, I struggle to see how SIRC's stock price moves north in a major way. The overhang appears very real to me. Operationally I trust their team continues to gain their footing and build momentum.