here is the report from Beacon...pretty comprehensive
Posted by rocktrader on :
XSNX next leg..we should take out .40 this time
Posted by MCJA on :
rock, They are just starting production in 2008, so if they have a contract ready, this is fly.
Outlook and Valuation
As mentioned earlier, XSNX plans to commence commercial production of thin film solar modules in late 2008. We expect production to rise sharply from an initial range of approximately 0.5 megawatts of solar modules in FY 2008, rising to approach 25 megawatts in FY 2009 and 100 megawatts in FY 2010.
Posted by MCJA on :
Financial Record
XSNX is still in an early development stage and has yet to generate meaningful revenues from product sales. Up until recently, the Company's efforts were focused on building its portfolio of intellectual properties and refining its technology. In 2007, the Company's focus has shifted from licensing its technology to the commercial production of solar cells and solar modules. Production on a limited basis may begin in late 2008 but we don't anticipate the Company will be generating meaningful product sales until FY 2009.
Posted by MCJA on :
In November 2007, the Company announced a $21 million financing commitment from Fusion Capital Fund II, LLC, a Chicago-based institutional investor. XSNX has already received $1 million in funding, which it is using to purchase components and sub-systems for its 25 MW production system. After the SEC has declared effective a registration statement related to the transaction, the Company has the right, over a 25-month period, to sell its shares of common stock to Fusion Capital, from time to time, in amounts up to $1 million per sale, depending on certain conditions set forth in the stock purchase agreement, up to the full aggregate commitment of $21 million.
Posted by rocktrader on :
Man..L2's are stacked up...going to be big...
MC..may be they will announce the contract tomorrow...lol
Posted by rocktrader on :
ARE YOU GUYS STILL WAITING? YOU GOT TO BE KIIDING...hod AGAIN
Posted by MCJA on :
very bullish
Posted by rocktrader on :
0.43..are we going to break 0.50 today? then we have new set of buyers..
Posted by Jo4321 on :
I got in at .38 (I hope that doesn't jinx you guys)
Posted by rocktrader on :
congrats Jo..we just need to spread the message..
I heard talk is preading in traders..we may be hitting a jack pot here...hold on
Posted by MCJA on :
jo, you need to think a little more positive,
this stock is going north
Congrads on getting in early
Posted by Jo4321 on :
LOL, just a side note. I had this in my portfolio in April 2006....share price was $2.11!
Let's get it there again and I can recoup those losses, LOL
Posted by rocktrader on :
wow ok lets take it there for Joe..
Charts are scremaing ..people will notice this and we open $.50 tomorrow?
Posted by MCJA on :
big close coming
Posted by rocktrader on :
ok we are going to close about 0.50 today..going to be BIG tomorrow...
Posted by rocktrader on :
XSNX...get in while u can
Posted by rocktrader on :
Enter right here..we are going to break 0.50's today
Posted by MCJA on :
Giddi up
Posted by RWGATORBLUE on :
Got in at .39. Let's make 20-30% for me today.
Posted by RWGATORBLUE on :
Let's get this thing to the 60's.
Posted by Jo4321 on :
I noticed that article was written over a year ago before they received a $21mil financing commitment from Fusion Capital (see link at bottom). Also the company has come a lot closer to production since that article was written. So I do believe the conditions have changed. What ever the case I'm just in for the ride. Bought at the pullback last week. Go baby go!
I kind of wish it would dip again so I can get some more. : )
Posted by lpcguy on :
It should dip again on 1/2/08 or shortly after. So you should have a chance to grab some more on the bounce Porsche.
Posted by Porsche on :
Great info lpcguy.... I will watch for the dip and buy some more!!!
Posted by lpcguy on :
NP Porsche, I just figured that because of the large gap between the closing price on 12/28 and the the closing price on 12/31 there should be some profit taking like we saw on 12/18 when it spiked and broke trading range and its 10 day MA.
Posted by Jo4321 on :
No dip
.74
Posted by lpcguy on :
Sorry guess I was wrong about the dip. I was hoping for it too. Figured there would be some profit taking but I guess people, including myself, want to watch it run.
Posted by lpcguy on :
Pullback, *.5898. Looks like a good time to add more probably on Monday. Buy on the dip!
Posted by MCJA on :
XsunX CEO Comments on 2007 Annual Report, Provides 2008 Business Update 10:06a ET January 7, 2008 (PR NewsWire) XsunX, Inc. (OTC Bulletin Board: XSNX), a solar technology company engaged in the build- out of its multi-megawatt thin film photovoltaic (TFPV) solar module manufacturing facilities submitted its annual report on January 7, 2007 to the Securities Exchange Commission for its fiscal year which ended September 30, 2007.
"During 2007, we fundamentally realigned our business plan in response to marketplace dynamics," explained XsunX CEO Tom Djokovich. "In March 2007 we announced our plan for growth was to build and operate a multi-megawatt TFPV solar module manufacturing facility. We then used the balance of 2007 to complete our plan, qualify our vendors, locate a preferred business environment in which to establish our manufacturing facilities, and then in November we secured a $21 million financing commitment."
"With our plan and initial financing commitment now in place, the majority of our operations for the 2008 period and the foreseeable future thereafter, will focus on establishing and expanding facilities necessary to manufacture our TFPV solar modules for commercial sale," added Mr. Djokovich. Areas of specific focus and capital expenditures in the 2008 fiscal year as out lined in our 2007 annual report include:
-- Lease and preparation of facilities necessary to house and operate, at minimum, the first of four proposed 25MW manufacturing lines; and -- Establishment of a baseline production system to produce full size (100cmx160cm) sample modules; and -- The placement of orders with select vendors for the core and sub-system components necessary to begin assembly leading to the commissioning of the first of four planned 25MW manufacturing lines; and -- Continued R&D efforts to establish enhanced solar cell deposition methods and reduce manufacturing costs.
About XsunX
Based in Aliso Viejo, Calif., XsunX is developing thin film photovoltaic (TFPV) amorphous silicon solar cell manufacturing processes to produce TFPV solar modules. The Company has begun efforts to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. XsunX plans to grow production capacities to over 100 megawatts in 2010 by executing a phased build-out of its planned manufacturing systems.
Contact: For XsunX, Inc. Investor Relations Tel: (888) 797-4527 For XsunX, Inc. Media Relations Victoria Kaloper (949) 330-8065 Web site: www.XsunX.com
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Posted by lpcguy on :
WTF kind of press release was that. Talk about a fluff PR. This was such a bulls**t PR it could have caused this newly forming uptrend to just reverse into a downtrend. Thank god for stop-loss orders. TELL US SOMETHING WE DON'T KNOW MR. DJOKOVICH!!
Posted by CrashtehLine on :
![[Frown]](frown.gif)