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David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells MicroCap Conference Investors That Company Will Eventually Expand Into Texas And Discusses His Up List Strategy For SIRC

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David Massey, CEO of Solar Integrated Roofing Corp. (OTC PICK; SIRC), yesterday (April 21, 2021) told investors at the virtual Planet MicroCap Showcase conference that he is impatient to enter a "prime" solar market such as Texas, discussed his post-up list plans and reaffirmed that he believes he has assembled "the right team to build this at the right time" to achieve his vision of growth for SIRC. To date, he told investors, he has never sold any of the 6.5 million shares of SIRC preferred stock he owns and has no plans or any reason to issue a substantial amount of new shares. "My goal is to get us to over $100 million run rate for about 400 million shares; we have to issue shares for some of the acquisitions," he said in an extensive Q&A session after the formal presentation.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC:SIRC), Sunrun, Inc. (NASDAQ:RUN), Blink Charging Co. (NASDAQ:BLNK), Tesla, Inc. (NASDAQ:TSLA), GM (NYSE:GM), SolarEdge Technologies, Inc. (NASDAQ:SEDG), First Solar, Inc. (NASDAQ:FSLR), SunPower (NASDAQ:SPWR), Gibraltar Industries, Inc. (NASDAQ:ROCK), Spartan Acquisition Corp. II (NYSE:SPRQ). and Canadian Solar Inc. (NASDAQ:CSIQ).

David Massey, CEO of Solar Integrated Roofing Corp. (OTC:SIRC), Tells MicroCap Conference Investors That Company Will Eventually Expand Into Texas And Discusses His Up List Strategy For SIRC

Massey addressed attendee investors at the Planet MicroCap Showcase yesterday and explained his post up list plans. He expects SIRC stock to rise after the company documents in filings more of its fiscal performance. "I have not sold any of the 6.5 million preferred shares I own," he said, acknowledging that he may sell some at higher prices after the up list when he expects SIRC stock to rise in price. "We're looking for the right investors," he said referring to post up list. He also thanked current shareholders for their loyalty. Reinforcing his up list plans, he said SIRC was currently looking to name a new "NASDAQ-type CFO" in the future. See SIRC's presentation at Planet MicroCap Showcase.

NASDAQ By Late Summer, Early Fall?

Additionally, he said he sees an up list happening to the NASDAQ "by late summer, early fall" and said he has been advised by legal that SIRC's initial up list to the (OTC) QB exchange is about 30-60 days away. First, he said, SIRC needs to add more ‘independent' directors on its Board and get an audit committee together.

He said, "Up listing to the NASDAQ is a big task, but we think we can do it, especially with the revenue I think we're going to report." He sees a $100 million run rate by this summer. David Massey, CEO of Solar Integrated Roofing Corp. (OTC:SIRC), Tells MicroCap Conference Investors That Company Will Eventually Expand Into Texas And Discusses His Up List Strategy For SIRC.

Texas Seen As A ‘Prime' Solar Market

One of his challenges and frustrations is that SIRC is still not operating via an  acquisition in Texas, a prime solar market capable of supporting 100-200 roofing sales daily — especially when hail storms tear off roofs. But SIRC is still not participating in that state. "I'm a little impatient to get into Texas," he told the MicroCap investors. "I see it as a prime solar market. It is an exciting market." He said SIRC is making sales progress in New Mexico and hopes to perform more in Arizona in the future. He called roofing services "our bread and butter." In all, the company has four distinct revenue streams, he said.

Massey said three additional acquisitions have been targeted beyond its most recently announced April 20, 2021 pending takeover of Balance LLC: One is an EV Charging Company that Massey said could be acquired "hopefully in 60 days." Massey said he has already identified a large roofing company in Texas he has already met with — a third is another solar company. David Massey, CEO of Solar Integrated Roofing Corp. (OTC:SIRC), Tells MicroCap Conference Investors That Company Will Eventually Expand Into Texas And Discusses His Up List Strategy For SIRC.

Massey said he wants to focus in the future on "new, next modern homes" which feature new solar roofs, EV electric plug ins for EV cars and solar battery storage facilities — such as Tesla's (NASDAQ:TSLA) Powerwall.  We’re in a tremendous growth cycle right now," he said.

In its presentation, SIRC said solar is highly profitable with 45% margins. In fact, product shortages are a current issue with SIRC having to wait some 90-120 days for Tesla batteries which SIRC installs, he told conference attendees. "We are not rivals with Tesla — rather, we partner with them and install Tesla batteries."

Department Of Energy (DOE) EV Charging Station Grants A SIRC Opportunity?

The DOE is offering large dollar grants to support EV charging station installations Some of these are direct grants to companies such as Tesla (NASDAQ:TSLA) and General Motors (NYSE:GM) and others are to state governments which in turn through their own organizations offer incentives and rebates locally to EV charging station installation companies. Solar Integrated Roofing Corp. (OTC:SIRC) in its recent letter to shareholders divulged it is applying for a DOE $20-40 million grant for EV charging station installers.

Investors at the Planet MicroCap Showcase also expressed interest in SIRC's agreement with Solectrac, Inc., an all-electric tractor developer and manufacturer located in Northern California. That company is now 24% owned by Ideanomics (NASDAQ:IDEX). and Solectrac is an applicant for a $500 million USTDA grant. David Massey, CEO of Solar Integrated Roofing Corp. (OTC:SIRC), Tells MicroCap Conference Investors That Company Will Eventually Expand Into Texas And Discusses His Up List Strategy For SIRC.

Massey also noted in answer to a question by an attendee that SIRC is growing fast primarily by acquisition — yet he said he has not been contacted by any other company interested in acquiring SIRC itself.

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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