SHARC Energy Systems C.SHRC

RE:RE:RE:the rest of 2024 looking good

[Tim2Agami]

Mostlyserious wrote: Interesting to see how Massachusetts is walking down this path.

Oh, a question about Sharc, given that there are no $ ranges attached to these pilots, is there a possibility that all those involved are just sharing costs hoping that the demo of a successful pilot will lead to sales?

The text reads

[SHARC]  has received unanimous approval from the Massachusetts Board of State Examiners of Plumbers and Gas Fitters for ten PIRANHA pilot sites in the state.

and

SHARC Energy is ... leveraging a 50% cost share from Eversource Energy for a PIRANHA feasibility study 

Neither of these indicates that there has been a sale or anything generating measurable income rather than expense.

Both suggest that there are or will be incurred costs of a "pilot project" (= times ten freebie equipment loaners) and a "feasibility study" (even if at 50% of the total charge) --both leading to further negative numbers on the "sales" side, and the continuing examples of "charity" and "floor sample giveaway" status of the company.

Shareolders' capital going down the drain every day. And the share price shows it.