management and the banks set up thise whole ordeal on the day of analyst meeting that caused the stock to soar 50% in 30 minutes. The shorts were blind sided by this lie. The ONE honest person in management resigned before the analystst meeting.
sadly the banks were fueling the short coverings that spiked the rally from 20's to 50's based on ONE lie (the 3 years guidance). Unfortunately retail investors lost billions buying in the 50's
if they have anything up their sleeves to justify their 3 year guidance, they would logically announce that first to rally up the price , then raise money to better their cash position, at even a higher price. But the fact that they do this now suggests that there is nothing good to come from fslr; this is the peak according to management's foresight. They lied and able to achieve peak at 50's, solely from short coverings.
it's suppose to BK by 2015 with the end of its existing pipeline. This additional funds will buy them another year. What a business model, sells paper with ink for half a billion then file BK 3 years later. Nice American business model!
ask yourself this question, if they have $1 billion dollars why would they need to do this and cause a 10% drop in their share value? If they are getting contracts as they promised based on their 3 yr guidance, money should be comming in every quarter why, act like a begger ?
Tesla ran out of cash, on the brink of BK, so they needed to do it to remain operable. Fslr is teh same say. The difference is that fslr has a handful of competitors . Tesla is the onkly one!
Then we will really have the trading price gravatating toward that offering price. $30/ #$%$ best! Scam!
what have we been seeing for the last 6 months, buying dead projects after dead projects. Evidence is everywhere that they are lying.
6 months and not a single project announced, they need 4 GW to justify their projected gudiance. This company is going bankrupt. in less than 2 years.
Remember these #$%$ of management is running dry on projects, need money now to buy dead projects to keep themselves busy and continue to lie to the public that they are making profits.
This is an example of management that lies to manipulate the stock price. Guide 3 years without any shred of evidence, told the world that they had $1 billion dollars and now selling 8 million shares because they need money? Gee I wonder, who donated them the $1 billion?
Like I said many months ago, reminds me of that Richard Gere wall street movie in which his company was bankrupt but borrowed $400 millions from a friend to make it look like it had cash, only to sell the BK company to another company.
selling shares to raise cash again? Does this sound like a company that has $1 billion in cash and having $4-5 billion/yr revenue for the next 3 years? I hate management with a passion. Lying sons of beeches! We haven't seen a single new contract since Sept of 2012!!!!!
HOnest answers please
seeking alpha said by August they should have the final result to phase III study is that true?
last year if someone told me taht fslr was a scam, I porbably would have said "no way". But after management pulled off the bogus 3 year guidance with no new contract for 6 months; I know for sure this is another Solandra scam in the making.
It's been 6 months since they last announced their contract; existing pipeline is running dry. Guidance for next 3 years is bogus; short volume keeps increasing. This is primed for a major catastrophic fall--it's only just a matter of time when the big boys stop support this scam.
key ingredient is insulin but what are they using as carriers? are the carriers causing decrease in pulm fnx? or is it the insulin itself?
not gonna happen?! selling american lands and homes to the chinese? a whole chunk of properties!