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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.
-------------------- "Believe nothing....unless it agrees with your own reason and your own common sense." - Buddha
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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.
-------------------- "Believe nothing....unless it agrees with your own reason and your own common sense." - Buddha
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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.
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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!!
-------------------- "Believe nothing....unless it agrees with your own reason and your own common sense." - Buddha
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