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Solar Enertech Corp. Message Board

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  • flyingfishroe flyingfishroe Feb 10, 2008 11:07 PM Flag

    I Must Be Missing Something

    <SOEN won't go NASDAQ with in next one year at least>
    Hi,hillgoat, how do you know SOEN won't go NASDAQ in this year? By the way, I've been reading your posts with all respect.

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    • I am not sure but for NASDAQ there is a minimum price requirement (probably $5/sh) traded over a certain time. Q2 rev to be $8M, first production line not yet 100% up, second production line will be ready by end of 2008. US recession, initital solar momentum gone, and SOEN needs to overcome several overheads to operating profit. They may take at least 2-3 qtrs to do that. So I don't think SOEN to hit $5/sh and hold it by mid 2008. From earlier press releases, they said each 10 megawatts = $35 million revenue. so I hope in 2009, with two plants operating 100% it will produce 50 megawatts e.g. $175 million revenue. I am hoping it to hit and hold $5/sh by end of 2008 and then in 2009 we will see a different SOEN. So I hope in 2009 it could hit $10/sh milestone and apply for NASDAQ listing. ofcourse things could change anytime, we may see solar momentum back after next two qtrs and SOEN could fly. But the main thing is: it's a great time to accumulate under a buck, market does believe it will be a big player thus price did not drop to $0.70 after earning will loss, rather it hold nicely. should be at $1.25 range now. glta

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