Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) David Massey, Chairman And CEO, Plus Pablo Diaz, CEO Of SIRC-Acquired USA Solar Networks, Say In Live Q&A Last Evening That Audit Preparing SIRC For Up Listing To The OTCQB Ex-change Is On Schedule; Massey Reaffirms Timing Of Future NASDAQ Up List To Early 2022
In a live online Q&A last evening with investors and the financial community, David Massey, Chairman and CEO of Solar Integrated Roofing Corp.(OTC PINK: SIRC) told shareholders and the financial community on the Discord channel that the Company’s current audit is on schedule as SIRC plans for an up list to the OTCQB exchange, then a listing to NASDAQ by early next year. The audit of SIRC and its early subsidiaries is on time, he said.
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Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) David Massey, Chairman And CEO, Plus Pablo Diaz, CEO Of SIRC-Acquired USA Solar Networks, Say In Live Q&A Last Evening That Audit Preparing SIRC For Up Listing To The OTCQB Exchange Is On Schedule; Massey Reaffirms Timing Of NASDAQ Up List To Early 2022
David Massey, Chairiman and CEO of SIRC, reaffirmed that the Company’s audit process is on schedule for its initial planned up list to the OTCQB Exchange — and, in the future — its up list again to NASDAQ is anticipated in early calendar 2022.
Diaz captured SIRC’s strategy when he stressed that its family of subsidiary companies “cross-pollinate’” to create more revenue streams for the parent. As a roofing firm works together with leads generated by a solar installer, new revenues become reality for parent SIRC. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) David Massey, Chairman And CEO, Plus Pablo Diaz, CEO Of SIRC-Acquired USA Solar Networks, Say In Live Q&A Last Evening That Audit Preparing SIRC For Up Listing To The OTCQB Exchange Is On Schedule; Massey Reaffirms Timing Of Future NASDAQ Up List To Early 2022.
Diaz also discussed with the Q&A listeners how capital solutions — such as funding now provided by SIRC — will drive more solar business. He cautioned, however, that the solar industry has had a history of solar buyers switching gears: “It’s a reality of the solar industry that it has about a 20% cancellation ratio. People can change their minds,” he said. Having no money down on a solar installation, some customers can walk away from a solar installation already booked. The result is that the installing company has to remove that booking in the future, he said.
He added that SIRC is now consolidating its family of companies, removing overhead, and because of that the market is rewarding its “good work” by increasing SIRC’s Market Cap in the past several weeks.
Both Massey and Diaz were bullish about SIRC’s newest joint venture partnership with Storm Ventures Group (SVG) and its SVG University. The goal is to attract dealers and contracts and educate them about adding solar to their service and join USA Solar Networks. Pablo Diaz, CEO of USA Solar Networks, says the transaction may mean hundreds of incremental solar projects per month — resulting in millions of new sustainable monthly revenue for his company and parent SIRC. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) David Massey, Chairman And CEO, Plus Pablo Diaz, CEO Of SIRC-Acquired USA Solar Networks, Say In Live Q&A Last Evening That Audit Preparing SIRC For Up Listing To The OTCQB Exchange Is On Schedule; Massey Reaffirms Timing Of Future NASDAQ Up List To Early 2022.
Hesitant to announce numbers, Diaz and Massey said on the Q&A that the strategic partnership between SIRC and SVG could be lucrative for both of them. Without giving total revenue for planned projects, Diaz told listeners the new venture could mean 100 new projects per month — with USA Solar Networks overseeing them and, if necessary, offering capital solutions funding to drive them forward. At $30,000 average per installation project, the monthly numbers can be exciting, he said.
SVG is a premier contractor consulting firm with contractors in the U.S., Canada, Europe and Australia and helps ‘manage’ catastrophic storm events. Anthony Delmedico, CEO of SVG, has formed a new Solar Division alongside SIRC that utilizes the SVG University to educate roofers on the lucrative solar industry.
“This is the very beginning of the partnership,” said an enthusiastic Diaz. “And Anthony Delmedica — CEO of SVG — is very knowledge and successful in roofing.” Diaz was careful to stress that while SIRC is also a joint venture partner with American Contractor and COACH Pro, the special events they will sponsor with SIRC will remain separate from the activities at SVG and SVG University.
As per the terms of the deal, SIRC will work with SVG and its contractors to drive new solar sales in key regions nationally. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) David Massey, Chairman And CEO, Plus Pablo Diaz, CEO Of SIRC-Acquired USA Solar Networks, Say In Live Q&A Last Evening That Audit Preparing SIRC For Up Listing To The OTCQB Exchange Is On Schedule; Massey Reaffirms Timing Of Future NASDAQ Up List To Early 2022.
He noted that Delmedica told Massey and himself about the vast damage he had seen in the New Orleans region from Hurricane Ida and other storms. Diaz said that USA Solar Networks can bring ‘capital solutions’ to the roofing space.
Massey added that SIRC is working in a consulting and advisory partnership with Dutchess Capital. “They can help us grow,” Massey said. SIRC is not actively seeking to raise capital funding, he said, but is working with a major bank that — in a stock swap currently being negotiated over a new term sheet — wishes to extend $25 million-$50 million in new funding to SIRC. “There will be no dilution of company shares in this transaction,” Massey said, adding that the deal remains in the negotiating stage.
At SIRC, Diaz oversees the performance of PLEMco., the Company’s acquired EV Charging Station division firm that has performed installations for government contacts. Both Massey and Diaz said they would like a’ higher close rate’ on opportunities presented to PLEMco, but understand that this a long term opportunity.
“Federal projects are slow moving beasts — but they’re big beasts,” Diaz said. PLEMco applies for government projects, he asserted, but investors have to understand that this is a “long term play,” he said. He explained that federal EV Charging Station projects are large and take a longer period of time than roofing and solar smaller project approvals.
“We can help by giving PLEMco more access to capital solutions they never had before,” he explained. He said the interplay between PLEMco and parent SIRC in EV Charging Stations is an illustration of the cross-pollination between SIRC’s family of companies that can drive new and increased revenue streams.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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