Sunday, 22 March 2015

We will make electricity so cheap that only the rich will burn candles - Thomas Edison

Dyesol's financial reports are very... interesting to say the least.
It starts with the Chairman's letter which provides an excellent description of what the company are trying to achieve, he states more than once of what a low cost renewable energy approach they are taking. Only briefly at the bottom does it mention that the majority of revenue is relied upon by shareholders investment, with 303,326,443 shares I can see why. It began to make me question if there are that many shares then why are there no dividends declared or paid to this date?

The company has many shares across the globe including just starting a new deal with Saudi Arabia. Dyesol are both a manufacturing and service firm, receiving it's revenue from both sales of goods, service fees and shares.

The company had a loss of $12,578,057 for the year of 2014 but sat with their equity at $13,234,171.

It seems this firm is set up with machinery, employees, equipment and shareholders, but is waiting for the boom in renewable energy to provide the influx of customers. 

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