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Well, don't look now 30,000 went at .565
Trading at .62 afterhours
http://www.nasdaq.com/symbol/appa/after-hours#.UVNQ0VeaHWJ
This could be old news.... http://www.abstracts2view.com/sabcs11/viewp.php?nu=P1-13-01
why is the ask lower than the bid???
Good call.... what's your eod guess?
Great interview.... they discuss investing in the ancillary edges of the industry.
http://finance.yahoo.com/blogs/breakout/budding-business-marijuana-next-big-commodity-invest-151359110.html;_ylt=AkBuSnk6R6lCQ_S9XAA05iSiuYdG;_ylu=X3oDMTNyMGExcWhwBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDZGYyNWQ0YzctMmQxMy0zYTMwLWExODktZDNkZTg5Y2IxYTg3BHBvcwMzBHNlYwN0b3Bfc3RvcnkEdmVyA2RhOTFjNDczLTNkNmEtMTFlMi1iZTMyLWZjYjk3NzYzZGNhYw--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3
Great news.... I grabbed some!
do you guys think we have seen the bottom yet?
Brownies Marine Group has the exclusive rights to this patented technology for marine applications and will be seeking venture partners to pursue various adaptations of the invention.
http://browniesmarinegroup.com/mie-marine-energy-project
anyone have an eye on L2
The volume is still a bummer.... I was hoping it would pick up... don't think much is gonna happen without some sort of news, and since there was news yesterday, it may be a while
Anyone know what level 2 is looking like
Today looks like a redo of yesterdays chart
can not get my order filled today uuuuggghhhh
This is what I found....
You are cordially invited to attend the 2012 Annual Meeting of Shareholders (the “ Meeting ”) of Salamon Group, Inc. which will be held at 10 a.m. Pacific Daylight time, on Wednesday, May 30, 2012, at Best Western Conference Room, 2402 Hwy 97N, Kelowna BC V1X 4J1.
Do you know what the conf call number is for the meeting and what time?
financials Monday?
So let me get this straight your job as a paid pumper is not to get the stock to go up, but to push for a "correction" on a stock that imho should sit higher than the 60's????
Who pays pumpers to get the pps down??? and you really better hope they don't pay based on performance!
Funny before the paid pumping starting on April 30th the pps was .60 and is now .26
Since the paid pumping started here the share price has descended sharply..... could ya'll just stop!
The auction date is tomorrow.... hopefully good news will come then
Where did you get the share structure info? That is not what it was in the annual
There web site is www.sunlogicspowerfund.com
Actually GM is a major shareholder in Sunlogics PLC. Which SLMU owns 30% of. We are not directly connected to GM in any other way that I know of.
Pre news run up?
News: A second bidder for ENERQ
Trony Solar Holdings Bids for ECD
4 hours 28 minutes ago - SinoCast via Comtex
Trony Solar Holdings Co., Ltd. (SEHK: 2468) announced on April 25 that its indirect wholly-owned subsidiary True Solar USA Inc. has applied for bidding of Energy Conversion Devices, Inc. (ECD) and affiliated company's assets according to regulatory procedures that were ordered by the bankruptcy court of east district in (the south) Michigan, the United States.
Failing to survive the winter in PV solar sector, ECD proclaimed bankruptcy, which may be an opportunity for Chinese PV solar companies with plenty of cash.
Having over 60-year history, ECD has been a leading company in solar sector, with unique advantages especially in business application of building integrated photovoltaic (BIPV). Ener Gen brand under ECD umbrella has a good reputation in the US.
Source: www.yicai.com (April 25, 2012)
Sunlogics PLC majority partner and shareholder is General Motors Company (NYSE:GM). Sunlogics Power Fund Controls 30% of Sunlogics PLC. www.sunlogics.com.
found this at the bottom of the press release in the about salamon group section
ECD’s Solar Product Coming Back From the Dead?
Bankruptcy auction delayed—a possible bidder has emerged.
Eric Wesoff: April 24, 2012
Energy Conversion Devices (ENERQ) declared bankruptcy and laid off about 1,000 employees on February 14 this year -- driven by more than $250 million in outstanding debt. The firm, a long-struggling supplier of flexible amorphous silicon (a-Si) photovoltaic laminates and building-integrated photovoltaics (BIPV), is now traded on the Pink Sheets.
ECD's bankruptcy auction was scheduled to take place today, Tuesday April 24 -- but has been postponed by two weeks, according to reports in The Detroit News.
That delay is likely due to a longshot acquisition hopeful, Salamon Group.
Another Pink Sheets entity, Salamon Group, (SLMU) with a $14.4 million market cap, annual 2011 revenue of $3,126 and a net loss of $1.5 million has put in an offer letter in exchange for 5 million shares of Salamon Group. Repeating -- the firm's revenue was $3,126 in 2011. SLMU stock is trading at $0.36 per share as of close of market April 23 which translates to an offer of about $1.8 million in stock.
ECD had a long history of technological promise, but a long string of money-losing quarters. The company's low-efficiency amorphous silicon solar product, combined with high manufacturing costs amidst a highly competitive global market with rising efficiencies and plunging costs, put it into a tight spot. When ECD filed for Chapter 11, it had assets of $986 million and liabilities of $249 million.
According to a press release from Michael Matvieshen, CEO of Salamon, "We believe this type transaction would have a positive impact on our business model," adding, "A bank of loss-carry forwards is a valuable asset, if they are acquired for the right price. Energy Conversion shareholders are currently set to receive nothing but a total loss because of the Chapter 11 filing. The current Energy Conversion shareholders position based on the Chapter 11 disposition of assets receive nothing. Our offer allows shareholders of ENERQ to have an opportunity to recover value that they would not be able to with their current holdings because of the Chapter 11 filing."
In a display of, let's call it optimism, Matvieshen told Crain's Detroit Business that "The solar product they make is excellent," and "They've really improved that product, and it's got a nice niche. It'd be a shame if those facilities closed down. I'd love to buy them if we can put a deal together."
Salamon's Sunlogics Power Fund Management group focuses on building and buying renewable energy power projects. That division owns 30 percent of Sunlogics, a solar carport developer which has won investment from General Motors' venture capital arm.
In its annual report Salamon Group revealed, "We have suffered recurring losses from operations, we have a working capital deficit and a deficit accumulated during the development stage. These items raise substantial doubt about our ability to continue as a going concern."
ECD's hopes lie with the ability of Salamon to put together the deal despite its own shaky financials. As well as Salamon not doing too much due diligence on ECD's technology, past performance, or the current state of the solar industry.
This is what DSTI filed about the loan....Entry into a Material Definitive Agreement, Creation of a Direct Financi
Item 1.01 Entry into a Material Definitive Agreement.
Purchase Agreement and Convertible Promissory Notes
DayStar Technologies, Inc. (the "Company") and Sunlogics Power Fund Management Inc. ("Sunlogics") entered into a Securities Purchase Agreement (the "Purchase Agreement") dated March 14, 2012. Pursuant to the Purchase Agreement, Sunlogics agreed to loan the Company $500,000 (the "Loan") for payment of outstanding liabilities and other working capital purposes. On March 14, 2012, and March 16, 2012, the Company issued Sunlogics two Senior Convertible Promissory Notes (the "Notes"), representing the Company's Senior Debt, in the principal amounts of $400,000 and $100,000, respectively. The Notes carry an interest rate of 6% per annum and each Note is convertible into shares of the Company's common stock at a conversion price equal to the consolidated closing bid price of the Company's common stock on the last business day prior to the issuance of the Note (subject to adjustment for certain corporate transactions). Each of the Notes, to the extent that any part of the outstanding principal amount is not converted into shares of common stock, matures on the first anniversary of the date of the issuance of the Note, and includes customary provisions concerning events of default. The Notes provide that the Company can not issue any common stock or securities convertible into common stock in connection with the conversion of the Notes without first obtaining stockholder approval if such issuance would result in the Company breaching its obligations under the applicable listing rules of The Nasdaq Stock Market.
The foregoing descriptions of the Purchase Agreement and the Notes do not purport to be complete and are qualified in their entirety by reference to the text of the Purchase Agreement and the form of Notes, which are included as exhibits to this report and which are incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 of this report is incorporated herein by reference.
Item 3.02. Unregistered Sales of Equity Securities.
The disclosure provided in Item 1.01 of this report is hereby incorporated by reference into this Item 3.02 with respect to the terms and issuance of the Notes. The Company relied on an exemption from registration under Section 4(2) of the Securities Act of 1933 in issuing the Notes. The Company has obtained certain representations and warranties of the purchaser contained in the Purchase Agreement to support the Company's reliance on this exemption.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Securities Purchase Agreement, dated March 14, 2012, between the
Registrant and Sunlogics Power Fund Management, Inc.
10.2 Form of Convertible Promissory Notes issued on March 14, 2012 and
March 16, 2012.
Not just speculation there is a "purchase agreement" according to the PR
DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, announced it has entered into a Securities Purchase Agreement (the "Purchase Agreement") with Sunlogics Power Fund Management Inc. Pursuant to the Purchase Agreement, Sunlogics Power Fund Management has loaned the Company $500,000 for payment of outstanding liabilities and other working capital purposes.
Salamon Group, Inc. (OTCBB: SLMU) subsidiary, Sunlogics Power Fund Management, is a fund that provides investments to companies in the solar industry. It is a project-acquiring partner of Sunlogics PLC and its subsidiary, as well as other third party project developers, specializing in the design, development and operation of solar energy solutions, including rooftop and ground mount solar power systems.
In addition to the Purchase Agreement, Sunlogics Power Fund Management has entered into a consulting arrangement with DayStar to assist the management of the Company with business development and also with exploring and evaluating strategic opportunities.
DayStar Chairman and Interim CEO, Peter Lacey, commented, "We are pleased to announce this relationship with Sunlogics Power Fund Management and are excited about the opportunities it presents to our shareholders and other stakeholders. We look forward to working with the Sunlogics team to explore strategic transactions which we believe will benefit the shareholders of both companies."
Sunlogics Power Fund Management CEO, Michael Matvieshen, commented, "We are very excited to make this investment and look forward to working with the DayStar team to develop mutually beneficial business opportunities."
About DayStar Technologies, Inc.
DayStar Technologies, Inc. is engaged in the development of solar photovoltaic products based upon CIGS thin film deposition technology. For more information, visit the DayStar website at http://www.daystartech.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding our business that are not historical facts may be considered "forward-looking statements." The forward-looking statements in this press release are based on information available at the time the statements are made and management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Such forward–looking statements include statements regarding the expected benefits of potential strategic transactions and other business opportunities, the potential success of fundraising and strategic partnership efforts and our ability to enhance shareholder value. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause our results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties include our ability to raise substantial additional capital in the short term, our ability to achieve favorable outcomes in pending litigation, our ability to continue our business as a going concern, our ability to execute our commercialization plan, our ability to continue our debt reduction programs, and such other risks and uncertainties detailed in our annual report on Form 10-K for the year ended December 31, 2010, our quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events.
Contact:
DayStar Technologies, Inc.
Christopher T. Lail
Chief Financial Officer
408/582.7100
Investor(at)daystartech(dot)com
SOURCE DayStar Technologies, Inc.
LAS VEGAS, NV--(Marketwire -04/17/12)- SALAMON GROUP, INC. (OTCQB: SLMU.PK - News) (Pinksheets: SLMU.PK - News) has sent a letter of offer to the board of directors and the Company's Registration Offices (CRO) of Energy Conversion Devices (ENERQ). This offer is for up to 100% of all issued and outstanding shares of the Company. The offer is in exchange for up to 5 million shares of Salamon Group, Inc. (SLMU).
Energy Conversion loss-carry forwards are over $1 billion USD. The transaction as contemplated, would complete after receipt of all corporate documentation for SGI to perform final due diligence and would be subject to relevant SEC regulations and requirements.
Michael Matvieshen, CEO, SLMU, stated, "We believe this type transaction would have a positive impact on our business model." He went on to say, "A bank of loss-carry forwards is a valuable asset, if they are acquired for the right price. Energy Conversion shareholders are currently set to receive nothing but a total loss because of the Chapter 11 filing. The current Energy Conversion shareholders position based on the Chapter 11 disposition of assets receive nothing. Our offer allows shareholders of ENERQ to have an opportunity to recover value that they would not be able to with their current holdings because of the Chapter 11 filing."
Shareholders of Energy Conversion are encouraged to call or email "The Orsay Groupe" for more details, at info@orsaygroupe.com or phone 305-515-8077
About Energy Conversation Devices.
Energy Conversion Devices (ENERQ) has a renowned 51 year history since its formation in Detroit, Michigan and has been a pioneer in materials science and renewable energy technology development. The company has been awarded over 500 U.S. patents and international counterparts for its achievements. ECD's United Solar wholly owned subsidiary has been a global leader in building-integrated and rooftop photovoltaics for over 25 years. The company manufactures sells and installs thin-film solar laminates that convert sunlight to clean, renewable energy using proprietary technology. UNI-SOLAR® brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world energy production. For more information, please visit Energy Conversion Devices on the web at energyconversiondevices.com
About SALAMON GROUP, INC.
SALAMON GROUP, INC., through its Sunlogics Power Fund Management, Inc. division, is a solar energy project company specializing in the construction, management and acquisition of renewable energy power projects. Sunlogics Power Fund also looks to acquire assets and other companies in the solar and renewable energy space that are a strategic fit. Sunlogics Power Fund is also a project-acquiring partner of Sunlogics Plc and its Subsidiary as well as other third party project developers. http://www.sunlogicspowerfund.com/
For further information Contact The Orsay Groupe, Inc., William J. Nalley, #305-515-8077 info@orsaygroupe.com website: www.orsaygroupe.com
SLMU cautions that statements made in press releases constitute forward-looking statements, and makes no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time statements are made.
Contact:
William Nalley
#305-515-8077
We need to get thru the 50 cent mark... need a little buying pressure
Running up this morning.... looks like a good day ahead!
Salamon Group (SLMU) Completes Acquisition of Eco Energy Solutions of Australia and Appoints CEO Gary Yost to the Board of Directors of Salamon Group
LAS VEGAS, NV, Apr 13, 2012 (MARKETWIRE via COMTEX) -- Salamon Group, Inc. (otcqb:SLMU) (pinksheets:SLMU) announces that Sunlogics Power, its wholly owned subsidiary ( www.sunlogicspowerfund.com ), has successfully completed final closing documentation on Eco Energy Solutions Pty Limited (ECO) in exchange for 8 million shares of Salamon Group, Inc. (SGI). The transaction was valued at 8 million dollars.
Eco Energy is a successful Australian-based renewable energy company with revenues of approximately 13 million USD and an EBITA of $0.960 million for year ending 2011 and ECO is on track to exceed those numbers this year. This transaction is immediately accretive to Salamon Group. ECO shareholders have agreed to take secured debt against ECO and its assets until the Authorized capital in Salamon Group, Inc. has been increase to allow for the conversion into equity.
At the end of February 2012 Eco Energy had installed 2,630 domestic systems through its contracts which started in May 2010. The contracts cover all of the state of Tasmania and all of central Victoria.
Michael Matvieshen, CEO, Salamon Group, commented, "Eco brings value to our shareholders in several ways which include the experience it has in the southern hemisphere for renewable energy project development. With its vast array of contacts, it opens up a very large and lucrative market for us. Together we expect to have a real and competitive footprint in these rapidly expanding markets."
Additionally, Mr. Gary Yost, the Managing Director of Eco Energy, will assume a seat on the Board of Directors of Sunlogics Power Fund and Salamon Group. Mr. Yost brings industry experience and contacts that have allowed him to create a "one stop shop" methodology to take any project from conception through to design, supply, installation and commissioning. Mr. Yost has overseen the growth of a client base that includes all levels of government, private and public utilities and projects that meet the needs of commercial and individual clients, as well as a number of overseas projects.
Mr. Matvieshen, CEO, Salamon Group, further stated, "It's excellent to be working with Gary as he has built a company from the ground up. He understands the business challenges and will be a valuable member of our 'go to market' team worldwide."
ECO will in turn benefit from SGIs' business synergies, such as accessing the CTIEC relationship and the financing investment banking relationships that are already in place at SGI.
ABOUT ECO ENERGY SOLUTIONS
Eco Energy Solutions specializes in the Design, Supply, Installation, Commissioning and Maintenance of Solar PV, Solar Hot water, Wind Turbine and Micro/Mini Hydro projects. Eco Energy Solutions (Australia) Pty Ltd is a very dynamic Australian business specializing in the Renewable Energy sector. We provide a full Integrated Systems House Solution service to all aspects of the Renewable Energy industry. We are involved in the leading projects in Australia in this sector. http://www.ecoenergysolutions.com.au/
About Salamon Group Salamon Group, Inc., through its Sunlogics Power Fund Management Inc. division, is a solar energy project company specializing in the construction management and acquisition of renewable energy power projects. Sunlogics Power also looks to acquire assets and other companies in the solar and renewable energy space that are a strategic fit. Sunlogics Power is also a project-acquiring partner of Sunlogics Plc and its Subsidiary as well as other third party project developers.
For further information Contact The Orsay Groupe, Inc., William J. Nalley, # 305-515-8077; info@orsaygroupe.com website: www.orsaygroupe.com .
SLMU cautions that statements made in press releases constitute forward-looking statements, and makes no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time statements are made.
Contact:
William Nalley
#305-515-8977
How is level 2 looking??
10K seems to have everything we've been waiting for.....
Aren't the financials supposed to be out tomorrow??? right?
Why are we tanking today?
Salamon Group, Inc. (SLMU) to Partner With DayStar Technologies Over the Eco Energy Acquisition
LAS VEGAS, NV, Mar 23, 2012 (MARKETWIRE via COMTEX) -- Salamon Group, Inc. (otcqb:SLMU) (pinksheets:SLMU) ("Salamon" or the "Company") announces that Sunlogics Power, its wholly owned subsidiary, will partner with Daystar Technologies, Inc. for the previously announced acquisition of Eco Energy Solutions (Australia) Pty Ltd. ("Eco Energy"). Sunlogics Power has successfully finished the due diligence process and is proceeding to final documents.
"We are pleased to be partnering with DayStar Technologies on the Acquisition of Eco Energy," said Michael Matvieshen, CEO. He further states, "And, we look forward to strengthening the relationship between our companies. We are also pleased with the outcome of the due diligence of Eco Energy which, for its fiscal year ended June 30, 2011, had gross revenues of approximately US$13 million dollars and net income of approximately US$1million with no debt on the books We expect these numbers to be much higher this year based on currently signed agreements for projects, services and products."
About Eco Energy Solutions
Eco Energy Solutions (Australia) Pty Ltd is a dynamic Australian based renewable energy company specializing in the design, supply, installation, commissioning and maintenance of Solar PV with integrated power storage for uninterrupted power supply for commercial and remote locations. http://www.ecoenergysolutions.com.au/
About DayStar Technologies, Inc. (DST)
DayStar Technologies, Inc. is a leader in CIGS thin film deposition technology for the development of solar photovoltaic products based on its technology. For more information, visit the DayStar website at http://www.daystartech.com .
About Salamon Group
Salamon Group, Inc., through its Sunlogics Power Fund Management Inc. division, is a solar energy project company specializing in the construction management and acquisition of renewable energy power projects. Sunlogics Power also looks to acquire assets and other companies in the solar and renewable energy space that are a strategic fit. Sunlogics Power is also a project-acquiring partner of Sunlogics Plc and its Subsidiary as well as other third party project developers. http://www.sunlogicspowerfund.com/
For further information contact, William J Nalley, Orsay Groupe, #305-515-8077 and/or send your email request to: Info@orasygroupe.com. Nos Falamos Portugues
SLMU cautions that statements made in press releases constitute forward-looking statements, and makes no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time statements are made.
I just found market cap info on PLC:
Sunlogics Global Headquarters
2910 Waterview Drive
Rochester Hills, Michigan 48309
T. 248.852.1300
F. 248.852.5029
Stock Information:
Type of security: Bearer Shares
Stock Market Segment: XETRA Open Market FSE First Quotation Board
Industry: Industrial / Energy-Alternate Sources
Financial Year Ends: December 31
Shares Issued and Outstanding: Approximately 75.7 Million
Market Capitalization: Approximately EUR100 Million
Par Value: EURO.10
Ticker Symbol: 18L1: (Reuters); 18L1:GR (Bloomberg)
International Securities Identification Number: GB00B4N4YT37
German Securities Identification Number: A1JP2E