Read the latest interims.......just make sure that you are sitting down.

Strange how some people tend to think start up companies live off 'fresh air'.

Sola were in effect granted a loan of $120 million by way of reedemable bonds 26/3/2007. On results day they had only just $68 million in cash and cash equivalents left, that was on the 30/6/2007 which shows that the company is certainly eating into the cash pile but alas on the same day we see a bank loan of $59 million outstanding. Basicaly wiping out any cash assets the company have.

But no it doesnt stop there, no god forbid we see from the 2nd 1/4tr cash flow statement that the company is leaking negative operational cash flow at $44million and the CEO is on record saying that the next 1/4tr will also see negative operational cash flow.

Now we know that Charles b is on record as saying he wont go back to the markets for further funding and we know he hasnt signed up the big banking partner that the company wanted....

So question wheres the money coming from to go forward???????????????????????????????????????????

interesting to see that 300 is proving a sizeable resistance for SOLA ...... i have no position at the mo, but shall certainly be watching with a view to short once more, down to 270 (see chart) ...... if 300 is decisively broken upwards, then 360 becomes the next target

Cynic,you like your shorts.lol

i'll wear some especially for you! ..... i don't often short stocks as frankly i don't have the balls, though occasionally do so on Dow or FTSE and SOLA has stood me well in this instance.

It's broken through the steepest downtrend, the next will be a lot tougher at 450p and somewhat unlikely. Personally I would wait for this mini uptrend to pan out before taking a short position, a break down through 270p (ish) should just about do it.

pth

don't really disagree .... no inclination to short for the mo, even though 300 looks to have failed yet again

RENESOLA LTD

SHARE INCENTIVE PLAN

ReneSola Ltd (the "Company") (AIM: SOLA), a leading manufacturer of solar
wafers for the photovoltaic industry, is pleased to announce that the Board has
approved the establishment of a share incentive plan.

The Board considers the availability of a share incentive plan to be an
important factor both in retaining key employees and in attracting
professionals with the necessary skills and experience to maintain the
competitiveness and growth of the Company.

A maximum of 7,500,000 of the authorised but unissued shares of the Company
have been allocated to the plan, although no awards have yet been made.

For further information, please contact:

In China:

Charles Bai, CFO

ReneSola Ltd

Up 30 today!

Grateful to have booked profit on my remaining short earlier. Still not going long - would rather wait results and October sentiment to unfold.

certainly interesting to see the 300 resistance decisively broken ...... now what? ..... hard to tell, though sp is now just under the next resistance at 50 dma

wow! suddenly +60 odd at 365

Looks like Evil has got this very very wrong this time. Shooting star from now.

Nah ....it's doomed. Take my word for it. LOL.

Still going up today. ;-)

lol, ask yourself this why have they not updated the market from the last RNS on this point that they were so willing to get over when the SP was so much lower.......

" A
further six furnaces are at different stages of trial production and are
expected in full production by the end of September. Trial production from a
further five furnaces is expected to commence by the end of September".ENDS

This news today can only be looked upon as a profit warning yet again.

The bulls are trying to cover this up and it aint working.

Why are the management holding back on news of the furnaces on trial?.

You make your own conclusions, I know what mine is.

You might be right goldfinger. I had the same thoughts 2 days ago and sold then. It was lucky timing.

Luck indeed h98, its now heading for sub 300p on lack of news on further funding for this so called capacity expansion.

good luck.

Just when we say there wasn't news, they came up with below...


ReneSola Q3 production 36 MW; says on track for FY output of 120-125 MW - AFX


LONDON (Thomson Financial) - ReneSola Ltd said total production output in the third quarter was about 36 megawatts (MW), up from 23 MW reported in the second quarter.

ReneSola, which makes wafers for the solar PV industry, also said it is on track to achieve its reduced full-year production output guidance of 120-125 MW.

In Aug, the company reduced its production output guidance from 150 MW to between 120 and 125 MW, which it said will have an adverse impact on its financial target for the year.

TFN.newsdesk@thomson.com

But surely this isn't news as there is not a word of the six furnaces and the other five furnaces.

Something is fishy, I feel.

Spot on, couldnt have put it better myself.