Solar3D, Inc. (OTCMKTS:SLTD) Takes A Step Down

Unfortunately for devoted Solar3D, Inc. (OTCMKTS:SLTD) supporters, it looks like Tuesday’s red session wasn’t just a hiccup in the middle of the company’s glorious ascent.

Yesterday ended up bringing SLTD stock prices another 5.35% slip, in spite of the company’s nice green start. Even the Bloomberg announcement that the company “seeks” to buy two more system providers in 2015 that hit the web around noon failed to impress investors.

At first glance, this last turn of events may seem somewhat surprising – it is not every day that investors completely ignore PR, especially if the media is Bloomberg.

However, once a careful look at SLTD‘s announcement is taken, it sort of becomes obvious why investors wouldn’t take it seriously.

By and large, the press release was full of horribly vague statements. “We want to buy two other companies”. That is commendable, sort of – acquisitions of operational entities seems to be the path the company is taking to becoming operational itself. However, from this point onward, things become a bit weird:

“That’ll put us up close to $100 million in revenue. That’s ambitious, but it’s our objective.”

“Ambitious”? Calling this plan “ambitious” may just be the understatement of the year. Bumping revenues all the way to $100 million while having only $1.3 million in the bank sounds plain ridiculous.

Does SLTD management really think that it can acquire not one but TWO companies that could bring it $93 million worth of revenue, with said $1.3 million?

In conclusion – yesterday’s press release was odd indeed. If it was an attempt to help stock prices recover after Tuesday’s crash, it failed miserably. If it really sketches out the company’s realistic plans for the near future, then SLTD must currently have a lot more up its sleeve than becomes obvious by reading its financial reports.