RE: RE: RE: MR. CARTEN
Mr. Carten did absolutely nothing wrong with his press release. It was informative and exactly what a lot of posters here wanted, and have griped about in the past, to be updated on a regular basis. It is important news with an over 32% reduction in cost of production which translates into a higher profit margin. It also helps to quell the fears they won't be able to keep up with production to meet the demand. If Sustainable can sell the 50MW this year and everything indicates they will, the SP will be a definite .50. I am certain they will reach $20-30 million in sales this year. Anything above that is gravy.
All in all a very positive release. The U.S. market will be a very big one and they have their foot in the door big time with Tenk. I would like to see another distributor other than Ideal in Ontario as they only have outlets covering basically Hwy 11, Yonge St. west. Nothing in Eastern Ontario and I don't think Ideal is that big on solar sales yet. I am hoping to see something more substantial there. The bigger one would be Conergy but we don't have an explanation yet as to what happened with that deal yet. I do note they still aren't advertising the Sunergy on their product list on their website as of yet.
I personally expect that will be coming before long.
The problem was the follow up release by Reuters which clearly stated the 50MW was being produced for SRI not the other way around. Someone did not properly write up the original release and I think that was what kick started the SP to the heights it reached. It was clear by some of the posts that people here were led astray. I would suspect someone at Reuters is in the meat grinder.
Regardless, those who are trashing the stock and complaining that the regular longs aren't answering questions about the validity of the company........................I really can't be bothered answering as there have been enough posts here explaining the positive future. If they can't see it, then for heaven's sakes sell and get out if you are even in. You won't get any written guarantees here. Not hard to do DD.
I would also agree with the speculation that a lot of the buying has been other than small retailers. It was going on before this news. There is no doubt in my minds we will see that .24 reached again and greatly surpassed in the near future.
GLTA.