That is encouraging, but the stock price should have stayed even or gone up with that much buying. Do you agree? It is disturbing to see the price decline as it has without any new news.
That doesn't mean others can't see you in your room. Do you notice a drone outside?
Just trying to ramp of the paranoia.....as a joke.
You might be correct about Dougherty as a firm, but can you be as confident of individuals that work there or venders providing services, like a PR firm, the secretary of a law or accounting firm? Whenever there is any news, it seems a fair number of people know on it, and I think act on it, prior to release. It's just too tempting, it seems.
I have been misled by insiders buying many times. Insiders have just a little more information "as a group" but individually, they tend to know their area better than outsiders but they still don't have a crystal ball as to what will happen with orders, etc.
I know that people like insider buying as an indicator, but I've been burned by it too many times and too harshly to follow it.
What to think?
Please post more as to why you believe it will surprise. Why is there insufficient support for the stock price, either from insider buys or an funds that follow the company? Thanks.
The things I have read on Saudi Arabia indicate very plentiful oil for many years to come. Certainly no indication of "running out" in the next several generations. The Saudi's need to punch one shallow well for every 500 or so shale wells to keep output steady. The differences are amazing.
Shale took off because the Saudi's and OPEC were making an even greater killing than they are now, per gallon.
The Saudi's are into solar because they have a lot of sunshine. It's one of the best places in the world for solar. And, if they save oil they are burning in generators to make electricity, they can sell it to the rest of the world at higher prices than they get for it in their own country. They have been subsidizing the masses in Saudi Arabia by selling fuel for cheap. If they have solar, they save that oil but yet politically placate the masses with electric power generated by solar. It's just a good business/political decision that helps them maintain control of the populous. It seems to have zero to do with the amount of oil they have in the ground.
Oil extracted in the Middle East is done so cheaply. So? The cost of extraction is not the factor compared to use of solar energy. The selling price of energy per therm or other unit of energy produced is the relevant factor. Oil is cheaper than it was, making solar less attractive as an alternative.
You are correct that population growth drives energy demand, and that does help SOL, especially in some areas.
Your best point is that the oil price decline may be a dip, and therefore a blip. However, nobody knows what the future holds. In the meanwhile, when people can buy cheap oil, they don't look, as hard, at solar.
Solar gets better every year. Why buy today, if one is not under pressure to do so. If a utility burns natural gas, oil or other petroleum products for two years, the solar then will be more efficient.
I am convinced if oil was still $125 a barrel, SOL would be $4 or more, today.
I still like solar and SOL medium and long term, but in the short run, sale have to be a struggle.
I think the entire sector is not a prime target with the price of oil having dropped from the highs.
Over time, as the company keeps building projects and either successfully operating or selling them, plus product sales, it should become profitable. If those things happen, we should see the stock price increase, and if enough people expect that to happen, the price ought to climb with anticipation. Right now, it's mainly "wait and see."
Now about five months. At this point, it would be appropriate to announce that no reasonable offer was received and the sale attempt has been terminated, if that is the case.
Good questions, Andrew. Also, declining revenues tend to put pressure on margins, as well, since the the volume of purchases declines. That being said, I also see the point that the company is working on improving revenues and may be on the right path for the medium and long term, even though it looks rough short term. Paying down debt is a good thing. Growing revenues and the business so the debt looks relatively smaller would be even better. Profitability gives the opportunity of refinancing debt at lower costs, which is almost the same as debt reduction because it reduces the portion of payments applied to interest and increases principal reduction.
Some things look good here, but not everything. You are right to be concerned about revenue decline and the lack of profitability.
That's the way deals are done.
I would guess many of the shares bought as part of the offering were sold short prior to the offering and sold outright after the offering, leaving the institutions with upside at minimal risk by holding the warrants at low cost.
They could even sell half the warrants, soon, and hold the rest at no cost.
Sure, but the stock has held up in a level that makes the offering still make a lot of sense. So, I think it gets sold out very soon, if not already.