posted
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.
Posts: 388 | Registered: Jan 2006
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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.
Posts: 388 | Registered: Jan 2006
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posted
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.
Posts: 388 | Registered: Jan 2006
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posted
I am holding some of this stock. Got it at .42 just to sit on it. Never know what may happen!!!
Posts: 129 | From: DFW, TX | Registered: Mar 2006
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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!
-------------------- "Believe nothing....unless it agrees with your own reason and your own common sense." - Buddha Posts: 38 | From: Hawaii | Registered: Oct 2007
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posted
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.
-------------------- "Believe nothing....unless it agrees with your own reason and your own common sense." - Buddha Posts: 38 | From: Hawaii | Registered: Oct 2007
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