That would make the market value under $1 million.. one quarter of their revenue for 1 month.. anything seem strange about that?
Don't forget to let / help it go back up pre-reverse split.. good time for a squeeze. I'm buying - 10k more today. Q1. so-so, Q2 excellent, Q3 massive numbers and outlook. Don't forget Sunetric is seeing a activity ramp up and RGSE already wrote it off - huge upside.
I like this even better:
April 3 at 5:33pm ·
We are starting to get approvals on many of the residential systems that have been held up by HECO over the last 1-1/2 years. This announcement today seems to signal more opportunity for customers to get roof top solar. Call us, and let us get you on your way to going green and saving money.
Here's the deal. We already know the Q4 numbers and know they will be able to say Sunetric wasn't as bad as they first thought. We also know Q1 will be a little rocky because of the weather.. but Q1 is done and they are going to have visibility into what will be a stellar Q2. Got financing, got loans, getting approval to split to stay compliant if they need it. Got a partner, got some relief in Hawaii had 18M rev in Q4 and Q1, which is huge, plus a 50M + backlog. this is not going to zero. If for some reason you are the kind of person who thinks "I'm going to ride this from 25 cents down to 15 cents for a huge profit" vs getting in at 25 and running it up to a buck... well, more power to you I guess.
Good news out of Hawaii today. RGSE was already planning to write off a bunch of Sunetric, but they may change their tune now when they release their official earnings report.
You were right.. lucky maybe but right. So the good news on the offering is it only adds 10 to 15% to the outstanding shares... no bad. And this should allow them to work through some backlog, bridge the gap to financing (I'm sure terms weren't favorable, so this is a better options) and work their way back over a buck. volatility isn't over... the volume and increase put in on radar - we should see some swings near term.
Minor dilution anyway. Bridging the gap.
You should have shorted at $5.50. Not sure I would be shorting too heavily right here as momentum has shifted and the target is over a buck near term. Keep in mind, one piece of news in regard to financing or expanded partnership and you'll be contributing to a very steep run up. Play the volatility - but this is no longer a short and hold..