She nailed it again. Hasn't been wrong yet >>> Must read
She told us first no snpw panels would be made in 2021. She told us first the RI lease was toast and up for rent. She told us first about side companies MSW Recycler and Meldpro. She told us first no shovels would be in the ground by 12-31-21. She told us first the company had no chance of having a waste to energy business in RI after permit denial. She told us first that solar bus shelters were not being installed anytime soon. Especially, no snpw solar panels in bus shelters since there is no money to have one built and nor pay for installations. She told us first the trash bin and kiosks are a joke (prove her otherwise). She was spot on about sub-penny stock many months ago.
Good read below.
https://investorshub.advfn.com/boards/read_ms...=168583241
Side note: some people think the OEM in Asia is big news?/ Company tweets have been using pictures from some unknown solar panel plant for months. Good to know it's not "our factories" as depicted in paid for press articles and tweets. Distributor scenario again. Hell might freeze over before Snpw panels are being sold.
Hate to rain on the parade but I read the 10-Q
Staying on topic and worthy information for those in the dark
Just some tidbits below from last Saturday's highly praised annual 10-K. https://sec.report/Document/0001493152-22-010104/
NO MONEY FOR A LONG TIME:-NO DEMO BUILT. NO UL CERTS. NO REVENUE: "Truth about solar panel business" (see statement back up below)
On September 19, 2019, the United States Patent and Trademark Office published patent US 2019 288 139 A1 for the Frame-Less Encapsulated Photo-Voltaic (PV) Solar Power Panel Supporting Solar Cell Modules Encapsulated Within Optically-Transparent Epoxy-Resin Material Coating a Phenolic Resin Support Sheet issued to National Mechanical Group Corp. Originally designed for application in the solar bus shelters operated by Street Smart Outdoor Corp, as a glassless solar panel, the Company has developed a patent protected product and process for creating solar panels that can be integrated directly into the design of products as a molded, weather resistant plastic. The Company has started work developing a business plan for expanding on either manufacturing or licensing of the technology in 2020 but given capital limitations continues this development in 2022.
Dividend Policy: Looking out for and taking care of the nest only? (see backup statement below)
We have never paid dividends on our Common Stock and intend to continue this policy for the foreseeable future. We plan to retain earnings for use in growing our business base. Any future determination to pay dividends will be at the discretion of our Board of Directors and will be dependent on our results of operations, financial condition, contractual and legal restrictions and any other factors deemed by the management and the Board to be a priority requirement of the business.
Our Series C Preferred Stockholders were to be paid an annual dividend in the amount of $0.125 per year, for a total of $0.25, over an eighteen (18) month term, from the date of issuance (the “Commencement Date.
Paying for company's insolvency? (see backup statement below)
Our independent registered public accounting firm has indicated in their report that these conditions raise substantial doubt about our ability to continue as a going concern for a period of 12 months from the issuance date of this report. The continuation of our business as a going concern is dependent upon the continued financial support from our stockholders.
This has been the same verbiage in the 2 previous 10-Ks but nothing has been done about it?
Risks Related to Our Business (see backup statement below)
We rely on our Chief Executive Officer to operate our business. The loss of our Chief Executive Officer could have a material adverse effect on our business.
Further, in order to continue to grow our business, we will need to expand our senior management team. We may be unable to attract or retain these persons. This could hinder our ability to grow our business and could disrupt our operations or otherwise have a material adverse effect on our business.
We are unable to attract additional management personnel and members to our Board of Directors.
Due to our insolvency, we are unable to dedicate any amount of cashflows to executive salaries and/or directors’ and officers’ insurance, therefore we are unable to attract additional executive personnel or Board Members. Until we can secure, at a minimum directors’ and officers’ insurance, the executive duties shall remain with our Chief Executive Officer.
Due to the current debt load of the Company, our credit worthiness may endanger our ability to secure financing.
Given the financial condition of the Company, securing financing for a project such as our waste to energy project has been a very difficult task, as has been the case for most fund-raising efforts for the Company. The current debt load and financial performance of the Company could raise creditworthiness issues in the eyes of potential lenders. The current state of the Company’s credit could require the Company to evaluate new corporate and capital structures of our subsidiaries in order to shield our subsidiary interests from the liabilities of the Company.
Offices and facilities closing
Item 2. Properties
We formerly leased 2,510 square feet at 215 Gordons Corner Road, Manalapan, NJ, 07726 under a five (5) year lease that commenced on March 15, 2017 for approximately $43,000 per annum with 2.5% annual scheduled rent increases that has been terminated in June of 2020. We believe we can obtain additional facilities required to accommodate projected needs without difficulty and at commercially reasonable prices, although no assurance can be given that we will be able to do so. MedRecycler-RI, Inc. had entered into a lease for the Rhode Island Project at 1600 Division Road, West Warwick, RI, 02893 with certain guaranteed by the Company. The lease was for ten (10) years, commencing on March 1, 2019 for approximately $192,668.00 per annum, increasing annual at a rate of five percent (5%). The space leased was approximately 48,000 square feet. The Lease has been discharged.
Medirecycler-RI - Facts worth reading. What happened to the 17 mil bond if company wins appeal?
In addition, a former executive of the Company contacted authorities approving the project, availing their potential legal actions to the negotiation process. He has since filed suit. These threated and ongoing legal actions could require the Company to provide additional security or to seek alternative means of financing the project altogether that could necessitate a change in the capital structure of the Subsidiary to allow for the placement of permanent financing. Although the Company has sought alternative means of securing permanent financing, due to the financial condition of the Company, we were unable to overcome the lack of creditworthiness as a major factor contributing to the failure to secure permanent financing.In
Assets lost
MedRecycler, LLC was created in 2018 to act as a holding company for potential waste to energy projects. On May 28, 2021, MedRecycler, LLC, exchanged its 51% interest in MedRecycler RI, Inc. a Rhode Island Corporation for a profit participation agreement with MedRecycler RI, Inc. MedRecycler RI, Inc. was created for the Medical Waste to Energy facility that the Company was attempting to finance and operate in West Warrick, Rhode Island. The Company no longer consolidates MedRecycler RI, Inc. as of May 28, 2021 and all Assets and Liabilities have been sold and/or settled.
just my opinions
good luck
She told us first no snpw panels would be made in 2021. She told us first the RI lease was toast and up for rent. She told us first about side companies MSW Recycler and Meldpro. She told us first no shovels would be in the ground by 12-31-21. She told us first the company had no chance of having a waste to energy business in RI after permit denial. She told us first that solar bus shelters were not being installed anytime soon. Especially, no snpw solar panels in bus shelters since there is no money to have one built and nor pay for installations. She told us first the trash bin and kiosks are a joke (prove her otherwise). She was spot on about sub-penny stock many months ago.
Good read below.
https://investorshub.advfn.com/boards/read_ms...=168583241
Side note: some people think the OEM in Asia is big news?/ Company tweets have been using pictures from some unknown solar panel plant for months. Good to know it's not "our factories" as depicted in paid for press articles and tweets. Distributor scenario again. Hell might freeze over before Snpw panels are being sold.
Hate to rain on the parade but I read the 10-Q
Staying on topic and worthy information for those in the dark
Just some tidbits below from last Saturday's highly praised annual 10-K. https://sec.report/Document/0001493152-22-010104/
NO MONEY FOR A LONG TIME:-NO DEMO BUILT. NO UL CERTS. NO REVENUE: "Truth about solar panel business" (see statement back up below)
On September 19, 2019, the United States Patent and Trademark Office published patent US 2019 288 139 A1 for the Frame-Less Encapsulated Photo-Voltaic (PV) Solar Power Panel Supporting Solar Cell Modules Encapsulated Within Optically-Transparent Epoxy-Resin Material Coating a Phenolic Resin Support Sheet issued to National Mechanical Group Corp. Originally designed for application in the solar bus shelters operated by Street Smart Outdoor Corp, as a glassless solar panel, the Company has developed a patent protected product and process for creating solar panels that can be integrated directly into the design of products as a molded, weather resistant plastic. The Company has started work developing a business plan for expanding on either manufacturing or licensing of the technology in 2020 but given capital limitations continues this development in 2022.
Dividend Policy: Looking out for and taking care of the nest only? (see backup statement below)
We have never paid dividends on our Common Stock and intend to continue this policy for the foreseeable future. We plan to retain earnings for use in growing our business base. Any future determination to pay dividends will be at the discretion of our Board of Directors and will be dependent on our results of operations, financial condition, contractual and legal restrictions and any other factors deemed by the management and the Board to be a priority requirement of the business.
Our Series C Preferred Stockholders were to be paid an annual dividend in the amount of $0.125 per year, for a total of $0.25, over an eighteen (18) month term, from the date of issuance (the “Commencement Date.
Paying for company's insolvency? (see backup statement below)
Our independent registered public accounting firm has indicated in their report that these conditions raise substantial doubt about our ability to continue as a going concern for a period of 12 months from the issuance date of this report. The continuation of our business as a going concern is dependent upon the continued financial support from our stockholders.
This has been the same verbiage in the 2 previous 10-Ks but nothing has been done about it?
Risks Related to Our Business (see backup statement below)
We rely on our Chief Executive Officer to operate our business. The loss of our Chief Executive Officer could have a material adverse effect on our business.
Further, in order to continue to grow our business, we will need to expand our senior management team. We may be unable to attract or retain these persons. This could hinder our ability to grow our business and could disrupt our operations or otherwise have a material adverse effect on our business.
We are unable to attract additional management personnel and members to our Board of Directors.
Due to our insolvency, we are unable to dedicate any amount of cashflows to executive salaries and/or directors’ and officers’ insurance, therefore we are unable to attract additional executive personnel or Board Members. Until we can secure, at a minimum directors’ and officers’ insurance, the executive duties shall remain with our Chief Executive Officer.
Due to the current debt load of the Company, our credit worthiness may endanger our ability to secure financing.
Given the financial condition of the Company, securing financing for a project such as our waste to energy project has been a very difficult task, as has been the case for most fund-raising efforts for the Company. The current debt load and financial performance of the Company could raise creditworthiness issues in the eyes of potential lenders. The current state of the Company’s credit could require the Company to evaluate new corporate and capital structures of our subsidiaries in order to shield our subsidiary interests from the liabilities of the Company.
Offices and facilities closing
Item 2. Properties
We formerly leased 2,510 square feet at 215 Gordons Corner Road, Manalapan, NJ, 07726 under a five (5) year lease that commenced on March 15, 2017 for approximately $43,000 per annum with 2.5% annual scheduled rent increases that has been terminated in June of 2020. We believe we can obtain additional facilities required to accommodate projected needs without difficulty and at commercially reasonable prices, although no assurance can be given that we will be able to do so. MedRecycler-RI, Inc. had entered into a lease for the Rhode Island Project at 1600 Division Road, West Warwick, RI, 02893 with certain guaranteed by the Company. The lease was for ten (10) years, commencing on March 1, 2019 for approximately $192,668.00 per annum, increasing annual at a rate of five percent (5%). The space leased was approximately 48,000 square feet. The Lease has been discharged.
Medirecycler-RI - Facts worth reading. What happened to the 17 mil bond if company wins appeal?
In addition, a former executive of the Company contacted authorities approving the project, availing their potential legal actions to the negotiation process. He has since filed suit. These threated and ongoing legal actions could require the Company to provide additional security or to seek alternative means of financing the project altogether that could necessitate a change in the capital structure of the Subsidiary to allow for the placement of permanent financing. Although the Company has sought alternative means of securing permanent financing, due to the financial condition of the Company, we were unable to overcome the lack of creditworthiness as a major factor contributing to the failure to secure permanent financing.In
Assets lost
MedRecycler, LLC was created in 2018 to act as a holding company for potential waste to energy projects. On May 28, 2021, MedRecycler, LLC, exchanged its 51% interest in MedRecycler RI, Inc. a Rhode Island Corporation for a profit participation agreement with MedRecycler RI, Inc. MedRecycler RI, Inc. was created for the Medical Waste to Energy facility that the Company was attempting to finance and operate in West Warrick, Rhode Island. The Company no longer consolidates MedRecycler RI, Inc. as of May 28, 2021 and all Assets and Liabilities have been sold and/or settled.
just my opinions
good luck
