Replies to post #3762 on Solutions Group, Inc. (SOLU)

[retireearly]

would have loved to snag those .001's

[bucksaver]

Hmm, again that PR...

After over a year of negotiation and qualification, Solutions Group is proud to announce that a definitive agreement to sell Idrive cameras to qualified customers of the insurance company has been signed. Terms of the contract prohibit the release of the insurance company's name; however, a future announcement is expected. A customer loyalty program developed by the insurance company provides subsidized video event recorders (Idrive cameras) to its loyal customers to enhance driver safety and reduce costs through lower premiums and less payouts. Each Idrive camera retails for around $675 and sales of 3,000 to 5,000 cameras annually were discussed with the insurance company.

I underlined some issues. First, they still have to SELL those cameras. There is nothing more than a estimated number of items. And it doesn't says if they are FULLY subsidized, so there could be customers that doesn't want to pay their share. Especially if they are lousy drivers... :))

About those shares, they are millions. And more than 300 happy shareholders. Or not so happy. So they will get to the same conclusion at a given moment, that those shares are cheaper than they thought. And they will start to sell them. Better to stop the leaks before to become a flow... ;)

And I told before: I wait until the shares will start to float between 8-15 on a regular basis. Then I will start to play with them. Otherwise it isn't worthy.