brokerages buying.. thoughts15 - 25cents was driven by dominick 25-40 was driven by LOM and now holding the market above 40cents is jacobs. also had occasional buying from pridgrim, wolverton, canacrap, ect.
the question is with little support on the stock why is jacobs going and buying hundreds of thousands worth at market price this afternoon, when they could put a block up, cap the stock, short sell and drive the stock down to 35cents and add down there instead of paying market aka 45cents?
that indicates that something massive is pending and that jacobs and friends are buying up regardless of stock price. buy before the news. i know the guys at jacobs (worked for a renewable company that was financed by them in 2007) and they want to be canada's renewable energy finance company. they are small in size with approx twenty employees at best. i would assume that brokerages like them probabaly want 200% return, which takes us well above the sweet spot of 1.20 or approx 8X daughtys entry point.
these brokerages are cleaning up the small unstable retail hands knowning that a fundamental change will be announced. these brokerages know that the stock is in the risk area since the beginning of january, so a drop could be expected but they are holding up the stock price.. which is very very interesting.
top line sales should begin to flow in the next 30days, greece, spain, and closer to home ontario.. ontario will be the next fastest growing solar market in the world, and a decent size 500mw 2010 and 1000mw plus in 2011.
this is the only pure play small cap company with a signifcant growth opportunity that is well financed and backed by a seriuos european financing firm, in addition to that they have direct exposure and are currently active in spain and the balkan nations.
top line revenue will be in the hundred of millions over the next year.. although i understand this may be hard to grasp it is completely possible, and clearly bay street shares the same view ..
a pure play low voltage inverter company, focusing on thin film packages, partnering with the largest corporations in stable and emerging solar markets. operating in ontario, spain, and greece with an assemble facility in ontario.
an industry changing inverter that can be applied to solar, wind, and fuel cell systems, fully certified to UL 1741, and VDE standards, and well over 6MW in the field with less then 1% down time. also a strong management and BOD.
Existing sales pipelines with MULTIPLE massive european corporations, including a private label deal.
Shouldnt take much for people to buy up this story! news out next week.. and could move north of 60cents in a new york minute
ReduceCo2