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Hey LOWJACK, Just think how you'd look driving one of the new SPI Solar Powered cars through the streets of China. By the way those aren't turds in the road its bags of cash so be careful and try to avoid them like you do best.
Giant Chinese Turds come in groups! Dump all them Chinese stocks because they are way overvalued and their accounting is suspect!
http://www.cnbc.com/2015/08/30/china-to-abandon-attempts-to-boost-stock-market.html
I think that explosion was the SPI rocket taking off to the moon !
This is how they take care of giant turds in China!
Yep, Solar Power Inc. is giant Chinese turd!
Draining of cash will continue to occur!!!!!!!!
DD still points to any large investor in this company getting their money stolen by incompetent Chinese Businessmen!
(8) INVESTMENT IN ASSOCIATES AND GAIN ON CHANGES IN EQUITY INTERESTS IN AN ASSOCIATE
Solar Power Inc.(“SPI”), a California PV company that the Group acquired a controlling 71% equity interest in March 2011, allotted and issued new shares to certain investors in 2014. The Group’s ownership in SPI has been diluted from 71% as of January 1, 2014 to 42% as of August 11, 2014. Changes in the Group’s ownership interest while the Group retained its controlling financial interest in SPI was accounted for as equity transactions. Therefore, no gain or loss was recognized in consolidated statement of operations. The carrying amount of the noncontrolling interest was adjusted to reflect the change in its ownership interest in SPI. Any difference between the fair value of the consideration received or paid and the amount by which the noncontrolling interest was adjusted was recognized in additional paid-in capital in the Group’s consolidated statements of changes in equity (deficit).
The Group deconsolidated SPI on August 11, 2014 when the Group ceased to have a controlling financial interest in SPI. Subsequent to the deconsolidation of SPI on August 11, 2014, the Group accounted for its investment in SPI by using the equity method accounting since the Group has the ability to exercise significant influence over the operating and financial policies of SPI.
Subsequent to August 11, 2014 and through the end of December 31, 2014, the Group’s equity interest in SPI was further diluted to approximately 25% as a result of additional stock issuances by SPI. The Group accounted for the share issuance by SPI as if the Group had sold a proportionate share of its investment.
http://ih.advfn.com/p.php?pid=nmona&article=66806330
Hint: It wasn't worth the $0.03 before it ran to fantasy land!
Giant Sucking Sound!!!
Do your D & D Lowjack, they no longer have ties to any parent company such as LDK. Peng severed all last year if you go back to the PRs. That drain leads right to a reservoir of CASH
Chinese Fire Drill!!!
Good money after bad!!!
Parent Company BK!
Mark to Fantasy Land!!!
Solar Power circling the drain!
Point is SPI Solar is poised to go on the Nasdaq or NYSE, it is inevitable. Stock price will at a minimum open at $10.00
Just because they are authorized, doesn't mean they will! If they do it will be at a much lower price than it is now!
It's like pouring SALT on a snail!
Your stooping to new lows LOWJACK, go find a pennystock you can bash. This ones on its way to the bigboard !
Wow, They are offering the investor a bargain price of $2.70 a share according to the press release. Gee LOWJACK let me go ask my 4 year old what that means.
You only have that much to try and hold your stock price up here! LOL
Well them spending 50 million is crazy something up....
Mr.Peng is setting the stage to go on the big board with an IPO price of $20.00 by 2016. I've been saying this all along in my posts.
We break 2 we running hold on sellers 50 million buy back
Moon shot for SOPW today?
O/S: 602,979,944 (a/o May 15, 2015)
A/S: 1,000,000,000 (a/o May 15, 2015)
http://www.otcdynamics.com/$sopw-solar-power-inc-promotional-campaign-starting-jun-5-2015-805-am-cst/
Good luck
News, Traders: http://www.otcmarkets.com/news/otc-market-headline?id=187879
That little dingy will be a YACHT SOON. SHANGHAI, May 28, 2015 Solar Power, Inc. ("SPI") (SOPW), a vertically-integrated photovoltaic ("PV") project developer, today announced its wholly owned subsidiary, SPI China (HK) Limited, has completed the acquisition of 80% of the outstanding capital stock of Solar Juice Pty Ltd ("Solar Juice"), the leading solar PV wholesale distribution business in Australia in 2013 and 2014 by wholesale volume. NOW IN AUSTRALIA !
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Solar Power Inc(OTCMKTS:SOPW) was trading higher by 1.06% to $2.00.So far, around 54.04 46,092 shares have changed hands in this session. After opening at $1.97, the stock hit as high as $2.00. However, it traded between $0.17 and $2.95 over the last twelve months.Solar Power Inc (OTCMKTS:SOPW)declared that it has entered into a non-binding heads of terms with Global Renewable Construction Limited Group (“Global Renewable”) to acquire rights to develop 50 megawatts (MW) of solar projects in the UK. According to the heads of terms, SPI intends to complete the construction and development of 50 MW of solar PV projects in Wales and the Midlands, with conclusion for all the projects targeted between the third quarter of 2015 and the first quarter of 2016. SPI and Global Renewable will negotiate in good faith to enter into definitive agreements for each project.
The only Cockroaches I see are Chinese! Jump up and Down as their banks crumble like their sand castle islands!
I see Ol' Boileroom Basher LowJack is back. This must mean he wants to make his quick hit and run like a cockroach when you turn the lights on.
SOPWQ is in your future!
Why would SPI offer a SALE price of $2.38 to this new company they are getting 100% interest in according to todays press release. That could only mean one thing, this stock is gonna sore for all of its investors who got in below $2.38.
SPI Solar Gets New Credit Line Of $1.6 Billion
by James Ayre
SPI Solar, a notable solar photovoltaic (PV) project developer, has secured a new credit line of around $1.6 billion, according to recent reports.
SPI SolarThe new credit line is being provided by three separate banks in China — China Construction Bank, China Minsheng Bank, and Suzhou Bank. Under the new agreements, China Construction Bank is providing RMB 2 billion (~$319.342 million); China Minsheng Bank is set to provide RMB 7 billion (~$1.118 billion); and Suzhou Bank is set to provide RMB 1 billion (~$159.671 million).
According to earlier reports, SPI Solar will be utilizing the new credit lines for project financing, the financing of M&A projects, re-financing, and various other funding necessities.
Commenting on the new financing, the chairman of SPI Solar, Xiaofeng Peng, stated: “As a global company, we are delighted to announce these strategic partnerships with three of China’s strongest banks. Gaining the support of these three banks, usually reserved for China’s state owned enterprises, gives SPI the ability to execute on our strategic plan to an even larger scale and positions us to greater long-term value for our shareholders.”
Solar Power : SPI's Solarbao.com Online Investment Platform Recognized as China's Most Innovative Internet Finance Brand
04/22/2015 | 05:11pm US/Eastern
By a News Reporter-Staff News Editor at Energy Weekly News -- Solar Power, Inc. ("SPI") (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV") developer, announced that its online investment platform, www.solarbao.com ("Solarbao.com") was named "Most Innovative Internet Finance Brand" by the China International E-commerce Association at the 2015 New Media Gateway Conference.
"We are honored to receive this recognition from the China International E-commerce Association," said Xiaofeng Peng, Chairman of SPI. "SPI launched our groundbreaking Solarbao.com investment platform in China early in 2015 to establish a new channel of financing for the solar industry. Since then Solarbao.com has seen strong acceptance by investors and has helped to promote growth and awareness of renewable energy in China. We look forward to expanding the scope of Solarbao's impact in the coming years."
SPI's Solarbao.com investment platform enables individual and institutional investors to purchase innovative capital leasing investment products designed to generate stable long-term returns. Through Solarbao.com, investors can make online purchases of solar modules and kits which are then leased for use in specified PV projects in China. In addition to a set annual return, investors can earn carbon credits, or "carbon beans", for each kilowatt hour of energy generated from their solar investment. Investors can also choose to purchase modules or Yes!® solar kits online at Solarbao.com for resale, or for use in their own PV projects with installation and financing services provided by SPI.
It will just a matter of time before SOPW will get on the senior board..
No doubt, SOPW plans to be on the big board by this date next year which means the price will probably go well beyond $5.00 in order to IPO at $25.00 just the way CEO Peng did it with LDK Solar back in 2007. HISTORY WILL REPEAT ITSELF.
700k in buys in the last 25 minutes. WOW! SOPW rocket ship taking off again?
SOPW, time to break $3 and march on to $5+!!! IMO
Another last minute run-up, is anyone seeing this pattern but me ??
I'll hold my shorts! CFPB is looking into predatory lending in the sector!
Plus 10k out
SOPW investors and prospectors should know that CEO Peng brought LDK Solar to a billion dollar company in 2007 when LDK offered its IPO at $27.00 a share and it skyrocketed. The company was only 3 years old at the time. He no longer has ties with LDK and is now dead set on SPI Solar to become the largest solar developer and maintenance financier in the world !!
Locked and loaded
Patience my friends, This thing is going to the big board (Nasdaq or NYSE) within a year according to the December press release. READ IT buy it and wait.
Not patiently enough for the senior uplist?
Why has this lost momentum and peoples interest? Seems volume has been much lower
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