Accounting Fraud Exposed - Federal Investigation Ongoing
SCTY can only defraud the government for so long. They are marking up their PV systems sales prices when claiming the 30% for the fed rebate program. This will come out soon and this stock will be a 1 buck a share. Perfect short and easiest money you will make in your lifetime.
Actually I am big fan of Musk and think SCTY is a good investment long term if you are ok with a company that won't make money for a long time. The margins on solar are too thin to support a huge valuation and the 30% rebate ends next year so that will be some serious head wind. coming I have been taking profits here but would not short this firm, there is no logic to it valuation.