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Solar Alliance Energy Inc V.SOLR

Alternate Symbol(s):  SAENF

Solar Alliance Energy Inc. is a Canada-based energy solutions provider for commercial and industrial solar installations. Its segments include Solar EPC and Solar Generation. It provides commercial solar design, engineering and installation. Its Sunbox solar system includes solar panels, battery storage, an inverter, optimizers and racking for a complete solar solution. Along with residential solar panels, the Company also offers other home products that can be integrated with solar energy systems. It also offers generators and vehicle charger installations for electric cars. Its solar design and installation services are specifically tailored to create a turnkey experience for commercial businesses. It provides solar panel installation options for commercial solar projects, such as roof space, carports, parking lots and ground mounted arrays. It serves industries, such as agriculture, manufacturing, retail outlets, professional buildings, data centers and utilities.


TSXV:SOLR - Post by User

Post by dileas48son Jun 16, 2022 10:32am
226 Views
Post# 34761168

My guess is SOLR folds by the end of the year

My guess is SOLR folds by the end of the yearJust reviewing their Q1 filing:

"As of March 31, 2022, the Company had a working capital of $272,499 compared to $842,966 at December 31, 2021. The cash inflows from Solar Alliance operations are currently not sufficient to sustain the Company’s operations and to pay the Company’s obligations as they become due. Management intends to continue to raise capital through a combination of revenue growth, reduced expenses, and injections of capital through debt and equity issuances"

It seems unlikely with the current inflation and interest rate environment that they will be capable of continuing as a going concern.  I doubt you'll get sufficient interest in the capital markets to prop this up.  My guess is that one way or another - be it folding, or being acuired for a fraction of the share price, SOLR is done by the end of the year.


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