It’s been almost 14 months since we touched on the penny stock of Solar3D, Inc. (SLTD) when we should have had it on our radar screens at the start of the year. Two months ago today, the 3-dimensional solar cell technology driven Company updated the public about their plans heading into this year. They said they were anticipating the closing of their SUNworks acquisition in January and, although it may have come a few minutes before the deadline, the news has SLTD stock hustling and bustling to a new 52 week high.
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SLTD Stock Quote
Market Cap: 29.70M
Last: 0.153 ▲ +0.034 (+28.57%)
Volume: 3,507,561
Dollar Volume: $503,851
Open: 0.139
High: 0.158
Low: 0.135
Trades: 269
Authorized: 1,000,000,000
Issued and Outstanding: 194,130,544
14-Day Rel Strength: 80.81%
1st Resistance Point: 0.1623
1st Support Level: 0.1393
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The acquisition of Solar United Network, Inc., SUNworks, makes the probability of Solar3D being able to commercialize their 3D solar technology a real reality. Having not been able to book revenues as of yet, the deal with SUNworks opens up the opportunity since SUN is engaged in the business of the design, installation, and management of solar systems for commercial, agricultural, and residential customers in California.
A concern for new shareholders, now that the news of the acquisition is affirmed, is that, on March 29, 2013, Solar3D increased the total number of authorized shares of SLTD stock from 500,000,000 to 1,000,000,000 in order to make this happen. On top of that, the Company, during the 9 months ended September 30, 2013, issued 3,125,000 shares between $0.01 to $0.02 for cash ($42,500), another 28,305,663 shares between $0.004 and $0.0088 for the conversion of promissory notes in the principal amount of $194,500, plus accrued interest of $4,584, and also had an investor exercise 25,884,770 common stock purchase warrants for 17,517,375 shares of common stock through a cashless exercise at fair value.
In October, Solar3D issued a 8% convertible promissory note, payable in full on or before July 10, 2014, worth $32,500 which was convertible into shares of SLTD stock at 58% of whatever the average of the lowest 3 trading prices during the 10 days prior to the conversion. Then, on October 22, 2013, 2,241,380 shares SLTD were issued upon the conversion of an existing note valued then at $22,750 ($0.01 per share).
In November, 1,785,714 shares of SLTD stock was issued upon the conversion of a note in the principal amount of $17,500 ($0.009 per share).
It’s obvious that Solar3D has been keeping alive by selling off convertible notes and shares in order to keep the lights on. With a large number of shares, 52,975,132, possibly still being held with virtually no cost basis to them with respect to where SLTD stock is sitting his morning, profit taking of any portion of those shares could allow for patient traders to get some under-a-dime SLTD stock should the scenario present itself.
About SLTD Stock
Solar3D, Inc. is a development stage company focused on the acquisition, development and commercialization of new proprietary technology which seeks to significantly increase the efficiency and energy production of solar photovoltaic cells that are currently offered in the market and that may be developed in the future.
Click here to view the SEC filings for SLTD.
Click here to view the website for Solar3D.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 02/03/14 | 0.1390 | 0.1580 | 0.1350 | 0.1500 | +0.0310 | +26.05% | 3,055,587 |
| 01/31/14 | 0.1210 | 0.1210 | 0.1065 | 0.1190 | -0.0020 | -1.65% | 1,705,300 |
| 01/30/14 | 0.1250 | 0.1270 | 0.1052 | 0.1210 | -0.0060 | -4.72% | 1,834,300 |
| 01/29/14 | 0.1225 | 0.1295 | 0.1180 | 0.1270 | +0.0080 | +6.72% | 2,334,600 |
| 01/28/14 | 0.1130 | 0.1250 | 0.1100 | 0.1190 | +0.0090 | +8.18% | 1,341,300 |
Bottom Line:
The year has been superb so far for SLTD making it one of the rare non marijuana related penny stocks to have achieved such spectacular gains since January 3. A major concern, obviously, are those nearly 53 million shares of SLTD stock which were issued between January 1, 2013 and November 4, 2013. IF those shareholders aren’t being greedy, the sun should keep shining through the clouds today for Solar3D.
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