$RENU Interview Notes: http://www.ustream.tv/re
Post# of 716
Posted On: 04/15/2014 12:13:11 PM
$RENU Interview Notes:
http://www.ustream.tv/recorded/46158517
Actual interview begins around 16:00
Discussion reviewing business model and company operations, including the Dealer Program.
22 F/T employees, have created over 100 jobs in FL.
Currently researching 2 more US markets, outside of FL.
$1.3M in revenues 1st Qtr 2014, with about 12-14% retained earnings (before taxes).
(21:00) SDI acquistion and implications/potential- manufacture and development of own products
First 2 weeks of April= $400k
3.8M Float
32M O/S w/ approx 26M to board/management (restricted)
approx 2.5M-2.8M in certs (non restricted), may enter Float
Financials (1st QTR 2014) to be released soon, with full accounting.
Potential market in Midwest and in NJ
Discussion of Sedna Aire USA and solar A/C (benefits, cost savings)
(37:30) CFO selection and importance (not named but soon). Focus on responsibility and accounting.
Strategic partnership that provides any type of engineering in up to 30 states, residential or commercial.
(44:00) Diversification- hedging vs. disasters, etc. Not just focused on solar panels. Developing other markets/products/revenue streams.
State incentives are a major factor in energy upgrades/retrofits/targets.
Roofing contractors- essential to solar panel installation- perfect candidate for dealer- "We love roofers." (LOL)
(48:00) Discussion of the legislation in FL vs solar.
(54:00) M&A- looking for companies with value to shareholders- target is $1M/year companies- double/triple their revenue under RENU- option for spinoffs
(1:00:00) Future: 10 major markets in 18 months- 200-300 sales people
Host- breakdown of revs vs Float should equal around $3/share.... (YIKES!)
Old debt has been paid off. Note has been significantly decreased.
All accounting is current and on weekly basis (Payroll, A/R, etc)
(1:09:00) New model to be tested: RENU oversees candidate company and creates dealer in new terrirtory (Six figure pay in, made back in 90 days if follow program). Dealer- SubDealer Program
Texas is as big as Japan. (Host comment). wink
(1:13:00) Lynn Nemes EVP- running the day to day. Frees Jeff up to sell the company and do the public work, and still be in touch with business end.
Not afraid to hire someone that is smarter and let them do their job.
Having done all aspects of company, gives Jeff insight as to who to hire do specific jobs.
Lots of other tidbits, facts and interesting stuff. A must listen for any investor, IMO.
Best.
http://www.ustream.tv/recorded/46158517
Actual interview begins around 16:00
Discussion reviewing business model and company operations, including the Dealer Program.
22 F/T employees, have created over 100 jobs in FL.
Currently researching 2 more US markets, outside of FL.
$1.3M in revenues 1st Qtr 2014, with about 12-14% retained earnings (before taxes).
(21:00) SDI acquistion and implications/potential- manufacture and development of own products
First 2 weeks of April= $400k
3.8M Float
32M O/S w/ approx 26M to board/management (restricted)
approx 2.5M-2.8M in certs (non restricted), may enter Float
Financials (1st QTR 2014) to be released soon, with full accounting.
Potential market in Midwest and in NJ
Discussion of Sedna Aire USA and solar A/C (benefits, cost savings)
(37:30) CFO selection and importance (not named but soon). Focus on responsibility and accounting.
Strategic partnership that provides any type of engineering in up to 30 states, residential or commercial.
(44:00) Diversification- hedging vs. disasters, etc. Not just focused on solar panels. Developing other markets/products/revenue streams.
State incentives are a major factor in energy upgrades/retrofits/targets.
Roofing contractors- essential to solar panel installation- perfect candidate for dealer- "We love roofers." (LOL)
(48:00) Discussion of the legislation in FL vs solar.
(54:00) M&A- looking for companies with value to shareholders- target is $1M/year companies- double/triple their revenue under RENU- option for spinoffs
(1:00:00) Future: 10 major markets in 18 months- 200-300 sales people
Host- breakdown of revs vs Float should equal around $3/share.... (YIKES!)
Old debt has been paid off. Note has been significantly decreased.
All accounting is current and on weekly basis (Payroll, A/R, etc)
(1:09:00) New model to be tested: RENU oversees candidate company and creates dealer in new terrirtory (Six figure pay in, made back in 90 days if follow program). Dealer- SubDealer Program
Texas is as big as Japan. (Host comment). wink
(1:13:00) Lynn Nemes EVP- running the day to day. Frees Jeff up to sell the company and do the public work, and still be in touch with business end.
Not afraid to hire someone that is smarter and let them do their job.
Having done all aspects of company, gives Jeff insight as to who to hire do specific jobs.
Lots of other tidbits, facts and interesting stuff. A must listen for any investor, IMO.
Best.
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