Given the inability to do so yet, don't underestimate the challenge the company faces in getting a "lab-to-fab" partner. The company has been in the search mode for well over a year and shareholder dilution continues. Branching-out into installation of current generation systems is positive but for this lottery ticket to hit big requires the proprietary technology to be validated by a reputable 3rd party manufacturing partner. This remains the one, true indicator of SLTD's ultimate success. What's prevented that from happening before now?
From an Oct 2012 press release:
"Mr. Nelson concluded, “Our total focus now turns toward bringing this breakthrough technology to market. Our next major step will be to produce a manufacturing prototype, which is required to undertake a pilot production run in early 2013. The pilot run will prove our 3D Solar Cell’s performance characteristics in a production environment and lead us to a manufacturing partner and entry into the marketplace by the end of 2013.”
Sorry guys, but this is dead money, IMO, until the company gets external validation of its technology in the form of a manufacturing prototype that delivers on power and price. With this acquisition, Nelson is at best building for the long term with this acquisition, seeing a diamond in the rough. Progress, however, on building this side of the business will be slow and competition will only become more intense. I wouldn't expect much pps movement to the upside until Nelson gets a manufacturing partner and he keeps coming up with more excuses why that keeps getting delayed. If that fails to happen, then it'll be even longer if the installation business becomes its primary focus.
Nelson says the company is, "...really looking seriously at making some acquisitions in the installation business here in America." That is the "most exciting" development now for the company and Nelson says they are focusing on commercial and agriculture sectors for solar installation.
It's clear to me from this conversation that the 3D technology is going to take even more time to ramp-up. No real mention of any further progress towards commercialization or even a manufacturing prototype except that the 3rd-gen prototype will be the one that gets commercialized. Yet, didn't we hear same thing about previous generation prototypes?
Again, according to Nelson, the most exciting news for the company since the last time he was on this show is the focus on installation acquisition/business development. Not saying this won't be successful but it will be dilutive to present shareholders because he's going to have to raise money for all this in a way that will surely involve equity stakes for those bankrolling this activity.
Sorry, although these were just filed it looks like they're old news: one from 2010 and one from 2012. The ones granted to Richards are indeed recent, having been done last month.
5mil(1)@exercise price of .01.......15mil(2)@exercise price of .05:
( 1 )The options vest according to the following schedule: 1,388,889 become vested and exercisable on the date of grant, 138,889 become vested and exercisable on the first day of each month thereafter commencing on December 1, 2012 and ending on December 1, 2014, and 138,886 become vested and exercisable on January 1, 2015.
( 2 )These figures reflect a one-for-five reverse stock split after they were granted. As of August 1, 2013, all of these stock options became vested and are now exercisable.
He's been w/the company since 2008 according to the info I found.
"Mark J. Richardson has been a director of Solar3D since October 2008. Mr. Richardson has been a securities lawyer since he graduated from the University of Michigan Law School in 1978. He practiced as an associate and partner in large law firms until 1993, when he established his own practice under the name Richardson & Associates. He has been the principal securities counsel on a variety of equity and debt placements for corporations, partnerships,and real estate companies. His practice includes public and private offerings, venture capital placements, debt restructuring, compliance with federal and state securities laws, representation of publicly traded companies, Nadsaq filings, corporate law, partnerships, joint ventures, mergers, asset acquisitions, and stock purchase agreements."
When has the company commented again on anything to do with SSTCC after the initial report last May that it was in "discussions" with that organization about fabricating a production prototype and doing a manufacturing pilot run? Over 6 months now and nothing more that I can find indicating a deal was ever reached. Is it even still in the works?