SolarWindow Technologies Inc (OTCMKTS:WNDW) Climbs Higher

Although SolarWindow Technologies Inc (OTCMKTS:WNDW) are still sitting below the highs posted at the start of the month they are getting closer and closer. After gaining another 8.1% during yesterday’s trading the stock is now sitting at $3.47.

Investors began rushing to the company after WNDW announced that on August 20 from 2:00 PM – 3:00 PM EDT they will host their first webcast titled “SolarWindow : Power Reinvented”. During this webcast the company will finally reveal its commercialization plans for its transparent electricity-generating coatings for windows on tall towers and skyscrapers. In a PR issued yesterday WNDW also revealed that webcast participants will have the opportunity to witness clean electricity being generated on a demonstration window unit.

The event is of extreme importance for the shareholders of the company because so far despite the impressive sounding technology WNDW has remained surrounded by red flags. The financials of the company fail to inspire much confidence – the report for the quarter ending May 31 contained the following:

• $69 169 cash
• $247 thousand current assets
• $2.4 million current liabilities
• ZERO revenues
• $1.5 million net loss

The company has been receiving some proceeds through the exercise of its outstanding warrants but this still means that the owners of warrants are receiving shares at prices many times lower than the current market price. At the end of May the company had around 8.8 million warrants that could be exercised at prices ranging from $0.64 to $1.37. Even the most expensive ones are priced 2.5 times below the market price at the moment.

WNDW’s chart performance has also been influenced by a landing page created by The Cheap Investor that is touting the stock. The disclaimer at the bottom of the page states that no compensation has been received for the current alert but investors should still take note that Core Capital Media LLC, the publisher of The Cheap Investors, has been paid $508 thousand for 2014 and $31 thousand for one month in 2015 by WNDW themselves for investor relations and name branding services.

The fate of the ticker in the short term will depend on tomorrow’s webcast. If the the information presented meets investors’ expectations WNDW could be able to keep their current gains. Otherwise the stock may crumble under the pressure – at the moment the company commands an overly-inflated market cap of more than $91 million. 

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