Did you actually read that Forbe's article? You don't want me to actually provide an adult discussion about it, do you, because, believe me, I can.
Doubt you even examined the May 23 10Q for Pineapple Energy. I did.
My takeaway is the company bought a power supplier in Hawaii and generated $5millio revenue from the sale of a property it owned in Minnetonka, Minnesota.
Currently, the company has two operating divisions. The first one entails a growth through acquisition strategy of buying already operating private companies. How the company is going to achieve this will depend on what the CEO has to say about it. My guess is the company will simply issue stock for the purchase instead of cash.
The next division, and the way it is described to me reads like a bunch of gobbledy gook. Translated, the division is involved in consulting. There are already who knows how many hundreds of private companies operating in the "let us help you, for a big fat fee, to set up your own solar powered house, the building where you do business , etc."
Pineapple Energy doesn't make solar panels. It doesn't make any storage devices. It doesn't make a bottom-line profit for shareholders.
But...why allow facts to get in the way of a damn good story.
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