GREY:CRIUF - Post by User
Comment by
deisman03on Nov 14, 2018 8:34pm
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Post# 28976926
RE:RE:RE:RE:RE:RE:Financials out
RE:RE:RE:RE:RE:RE:Financials out IMHO, I felt the results were better than what I expected.
The manager responsible for insisting on picking up the SOLAR business is GONE.
Not only did he pick it up, he wouldn't admit it was a mistake in judgement.
At least they've finally admitted the mistake and have announced a plan for the demise of SOLAR.
I believe it should be uphill from here but that's just IMHO.
There could easily be a bit of a sell off at this news but hopefully short lived and not serious.
That 87.6% payout was GREAT NEWS. It was the 147% payout that instigated the short attack, along with that ALBATROSS around their necks SOLAR.
In all fairnes, when they purchased SOLAR there were special tax concessions in place for them as well as those purchasing the systems. That was taken to the courts by a NEVADA electric energy producer that was not only being charged regulated tax but was being FORCED to purchase any and all excess energy produced by the SOLAR customers, who still had to be connected to the utility lines passing their property.
They lost this battle in the courts and it wasn't a small loss. The demand for home solar energy supply systems tanked accordingly. IMHO it was a bad business decision and Crius was punished accordingly. Investors such as ourselves, took the risk and it bit us.
With their extended management and the oversight/guidance of those they represent, who also have a large stake in Crius, it should be uphill from here.
There just isn't a quick fix for this but it's actually coming faster than I expected. It also looks like the present distribution is sustainable and hopefully will continue as is.
That means we're being well paid to wait this out.
If you're looking for a miracle turnaround, this is the wrong business to be looking at.
GLTA the good folks here.