Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Looks great. Except you spelled Southridge wrong.
The website is working just fine.
Your post included only half the link followed by "..."
See for yourself:
portaljsp.sgm.gob.mx/SINEM/f4MME/...
DALLAS, TX, Jan 09, 2012 (MARKETWIRE via COMTEX) -- Southridge Enterprises Inc. (pinksheets:SRGE) ("Southridge" or the "Company") is pleased to announce that it has been listed on the "Servicio Geologico Mexicano" (SGM) website. SGM provides economic and financial information for the mining industry and metals for the utilization of the mineral resources for the country of Mexico and is part of the Mexican Federal Government's division of "Secreteria de Economia" (SE).
Michael Davies, President and CEO, said, "The listing on the SGM Website is another milestone in the long process of updating the mining registry, which is nearing completion now. Once the Mexican Mining registry update is completed and reflects the Company's current ownership interest in the Cinco Minas mineral concessions, we expect to immediately finalize and close on numerous Joint Venture and Financing proposals that have been in negotiations over the last year."
For further information on the Company's SGM listing visit:
portaljsp.sgm.gob.mx/SINEM/f4MME/iMinMex3Empresas.htm
I am new to this board and this stock as of today
There are many accusations of dilution
This morning's press release states:
There will not be an issuance of shares from Southridge as a part of this transaction.
Sure seems to be a lot of activity between Sunlogics and SLMU lately...
LAS VEGAS, Dec. 28, 2011 (GLOBE NEWSWIRE) -- Salamon Group, Inc. (OTCBB:SLMU.PK - News) ("Salamon" or the "Company") is pleased to announce that it has agreed to acquire 7.5M shares of Sunlogics PLC from an existing shareholder.
LAS VEGAS, Dec. 13, 2011 (GLOBE NEWSWIRE) -- Salamon Group, Inc. (OTCBB:SLMU.PK - News) ("Salamon" or the "Company") is pleased to announce that Sunlogics, Plc. has lent $200,000.00 to the Company as part of a pre-approved debenture of up to $2,500,000.00.
You can rest assured that if the board kicked MM to the curb, they sure aren't going to be raising money and putting their revenue producing assets into something MM controls completely. I'd bet their only thoughts regarding SLMU is how are they going to get the one canopy in it back or get MM to pay for it.
This news is a HUGE sigh of relief.
At no time was there uncertainty as to Sunlogics PLC's potential, as it has secured exclusive long-term contracts with GM, etc. At all times, the uncertainty was whether Sunlogics PLC would honor its stated plan to sell all solar assets to Sunlogics Power Management Fund, Inc., which is controlled by MM.
I swallowed hard when it appeared MM had been ousted. I could think of no way SPFMI could independently obtain the financing it needs to execute its option to purchase Sunlogics' solar assets. And if his removal was indeed adversarial, I could think of no reason why Sunlogics would honor the contract instead of giving MM the finger and financing its projects through one of its other subsidiaries (like Sunlogics Equipment Finance LLC).
This press release secures, once and for all, Sunlogics' intent to utilize SPFMI, as it has always said it would. "Salamon Group, Inc. (OTCBB:SLMU) ("Salamon" or the "Company") is pleased to announce that Sunlogics, Plc. has lent $200,000.00 to the Company as part of a pre-approved debenture of up to $2,500,000.00."
Whether or not MM is on the board, SPFMI's future is secure.
Spoken like a truly disgruntled ex-employee!
Happy now?
http://sunlogics.com/sunlogics-bolstered-by-the-energizer-brand/
http://www.marketwatch.com/story/sunlogics-bolstered-by-the-energizerr-brand-committed-to-advancing-next-generation-solar-power-for-businesses-communities-and-consumers-2011-10-31
ROCHESTER HILLS, Mich. & ST. LOUIS, Oct 31, 2011 (BUSINESS WIRE) -- Sunlogics, a global leader in the design, development and operation of solar energy solutions, and Energizer(R), a global leader in power and light, have launched an initiative to help accelerate adoption of renewable energy through solar power installations. The initiative includes electric vehicle (EV) charging stations, commercial rooftop and ground mount panels and a Home Solar Program designed and built by Sunlogics and carrying the Energizer brand.
"Consumer demand is growing across the planet for renewable energy solutions as evidenced by the powerful adoption of electric vehicles and a wide variety of energy-reducing consumer solutions," said Sunlogics CEO Michael Matvieshen. "Sunlogics is committed to promoting the widespread adoption of solar energy solutions. The Energizer brand is in a class by itself when it comes to portable power. Our relationship with Energizer will establish immediate awareness in the commercial, home and mobile renewable energy space."
"Energizer has been exploring solar for quite some time and already offers a variety of solar-powered consumer products. Linking the Energizer brand to these products reinforces our brand equity and supports our vision to expand our portfolio of solar powered products," said Dan Stuckey, Vice President at Energizer.
The EV solar charging stations are designed to meet the charging needs of the growing EV market. The 10 Kilowatt and 20 Kilowatt solar charging stations will be installed in prominent high traffic areas in North America, and will "refuel" up to four or up to eight electric vehicles at a time, respectively. An eight space, 20 kilowatt station will produce up to 36,000 kW hours per year and has the capacity to generate electricity sufficient to charge approximately 2500 EV's a year. These powerful stations are also highly efficient: unused power generated is fed back to the grid, insuring that all of the energy created is utilized. Sunlogics has been installing similar Chevrolet branded EV solar charging stations at dealerships across the United States.
Sunlogics and General Motors have partnered to construct solar installations at GM facilities. Sunlogics will be using its Energizer branded solar panels in solar project development throughout North America, Asia and Europe for large commercial and industrial installations.
The third area being pursued addresses the growing demand for solar solutions in the residential market. Sunlogics will soon offer an Energizer-branded Home Solar Program for residential markets that will help homeowners reduce their electricity and petroleum costs by using solar energy and electric vehicle charging products. The program also includes non-grid connected solar power for recreational vehicles, marine and remote dwellings. These will be distributed throughout the global Energizer network, as well as through networks that Sunlogics is developing with its other national and multi-national partners.
About Energizer
Energizer Holdings, Inc. ENR -0.39% , headquartered in St. Louis, MO, is one of the world's largest manufacturers of primary batteries, portable flashlights and lanterns. Energizer is a global leader in the dynamic business of providing power solutions with a full portfolio of products including Energizer(R) brand battery products Energizer(R) MAX(R) premium alkaline; Energizer(R) Ultimate Lithium; Energizer(R) Advanced Lithium; Rechargeable batteries and charging systems; portable flashlights and lanterns; power connectors, inductive chargers and, most recently, comprehensive household lighting collections.
Energizer continues to fulfill its role as a technology innovator by redefining portable power solutions to meet people's active lifestyle needs for today and tomorrow with Energizer(R) Energi To Go(R) chargers for rechargeable portable devices; charging systems for wireless video game controllers; and specialty batteries for hearing aids, health and fitness devices, as well as for keyless remote entry systems, toys and watches. Energizer is redefining where energy, technology and freedom meet to bring to market consumer-focused products that power the essential devices that help people stay connected and on the go at work and at play. Visit www.energizer.com , www.facebook.com/energizerbunny .
About Sunlogics PLC
Sunlogics PLC (frankfurt:18L.F) is a vertically integrated global solar energy systems provider specializing in solar project development and installation. Sunlogics' management has experience developing and operating innovative solar commercial installations in Canada, United States, Asia and Europe. The scope of the company's current projects and operations reach to the nations of the world including Canada, United States, Europe and China. More information can be found at www.sunlogics.com
SOURCE: Energizer Holdings, Inc.
Ya I saw that when it came out. This is more interesting- a comprehensive report on Sunlogics by PV Magazine.
http://www.pv-magazine.com/news/details/beitrag/sunlogics-expands-manufacturing-capacity-announces-strategic-plans_100004379/
Today marks the handover of Phoenix Solar Holdings Corp.’s, and its operating subsidiaries, including EPV Solar Germany GmbH and New Millennium Solar Equipment Corp.’s, 30 megawatt (MW) amorphous silicon thin film manufacturing plant to U.S.-based Sunlogics.
Located in Brandenburg’s Senftenberg, the factory employees 90 people at full capacity and covers an area of over 55,000 square meters. According to Michael Matvieshen, Sunlogics’ CEO, the next 12 months will see the factory's facilities upgraded to become more automated. It is thought that up to USD$6 million will be invested in additional, proprietary manufacturing technology.
In addition to manufacturing modules in Brandenburg, the company says the site will also serve as its European base. In the future, Sunlogics will expand its activities in this area and has announced that it will start up a solar business development team in 2012 for the European solar markets.
Matvieshen went on to say that the cost of the modules manufactured at the German facility is expected to be around USD$1.20 per watt. "We know that there are module suppliers in China that are selling modules at a $1 per watt," he said, "[but] when you take into account the transportation costs and product reliability questions, we’re confident that any slight differential in net pricing we’ll be able to manage."
US plans
Sunlogics has also acquired a 20 MW photovoltaic module manufacturing facility in New Jersey, the U.S., also from Phoenix Solar. It plans to relocate the acquired equipment from New Jersey to its new headquarters in Detroit, Michigan.
"Our head office has moved in there. Our engineering department is there and some of our construction people are there now. Management is being ramped up literally daily," said Matvieshen.He added that the first modules are expected to be produced there in the first quarter of 2012.
In terms of how the company will be able to manufacture competitively in the face of strong Asian competition, Matvieshen explained, "There’s been significant progress in technology and manufacturing techniques. Globally speaking, the more automated you are, the less sensitive you are to manufacturing cost differentials in different countries."
He added, "… We want to control at least 30 percent of our annual demand [and] we want to have that manufacturing capacity in house."
Overall, the transaction with Phoenix Solar included investments by GLG Partners LP, Tenor Capital, Atlas Investment Fund and Catalyst Investment Management Co LLC. The financial terms were not disclosed, but Sunlogics did receive a USD$6 million equity investment.
Matvieshen added that Sunlogics is looking at additional manufacturing capacity in Asia. Currently the company, established in 2010, has an annual manufacturing capacity of 50 MW – due to its Phoenix Solar acquisition. He said, "I think more than likely any expansion that we do in manufacturing will probably be through acquisition – at least for the next 12 months."
Project pipelines
Sunlogics is a fully integrated solar player and, as such, has a number of photovoltaic projects in the pipeline, and joint ventures (JVs) under way.
Significantly, General Motors (GM) became a stakeholder in Sunlogics in July. As such, the company is carrying out a number of projects for GM in China, Mexico and North America. While Matvieshen would not disclose any project specifics, he did say, "GM initially wanted to put in 30 MW. We’re substantially past that now in the pipeline."
He added that the solar company is currently installing its first solar charging station in China for GM. "The foundations went in on September 9 and it should be finished early next week," said Matvieshen.
Sunlogics also has strategic partnerships with Tremco, a large roofing concern in the U.S., which has around 800 million square feet under management, and which is now selling Sunlogics’ Rooftop Solar Install, and Energizer.
For Energizer, Sunlogics is installing solar charging stations, and ground-mount and rooftop photovoltaic projects, in addition to undertaking a home solar initiative under the Energizer brand.
Furthermore, the solar company is in the process of installing an eight MW ground-mount project in Canada for International Power.
Asian dreams
Not unaware of the potential strength of the Chinese solar market, Sunlogics is also creating a number of strategic partnerships with Chinese companies.
For example, the company has formed a JV with China Triumph International Engineering Co., Shanghai (CTIEC) for engineering, construction, procurement and finance. Moreover, it has signed an agreement for for co-ownership of solar technology and module manufacturing with China National Building Materials Co., Shanghai (CNBM).
Through the JV agreements with CTIEC and CNBM, which are just being finalized, Sunlogics aims to develop solar projects in China, Asia and Africa.
In terms of investment for its global plans, the company is confident it has a strong position. "We have a fairly good investor base," stated Matvieshen. "We have some funds that are invested in our company and GM is invested in our company. We think that financing won’t be quite the challenge for us as it has been for a lot of other solar companies. We’re going to find out as we get into the market."
He concluded by saying, "We’re very excited about the solar market. We think that there’s a lot of opportunity, especially with the entrance of the Chinese into the manufacturing game. That’s going to create a ton of opportunity for consolidation and we’re looking forward to being a significant player in that."
"so far..."
I called it 8 weeks ago.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65631048
It's a shame now no one seems to think it matters.
http://www.marketwatch.com/story/sunlogics-announces-acquisition-of-epv-solar-germany-gmbh-and-new-millennium-solar-equipment-corp-2011-09-20
Sass, do you still own shares of SLMU?
Very good. The company "recognized" receiving services by the President that it values at approximately $10,000 per month. That does not suggest, far less prove, that the company actually paid ANYTHING for those services. If it had, that would've showed up on their financial statements. It didn't. Get your facts straight and quit misleading.
Your rank speculation and conjecture about delisting borders on comical.
You continue to suggest the CEO is scamming investors by paying himself a large salary with no proof of any kind.
Quit misleading potential investors, please.
I'm glad to see that "now that you think about it," after touting MM getting paid $15,000 per month for weeks, you realize you have no proof whatsoever.
The statement in the 10Q that the company "recognized" $30,000 in management services suggests that MM has been working as president of SLMU for free, and that the company values his work at approximately $10,000 per month. Similarly, immediately above the line you quoted, it shows the company "recognized" $1,333 for donated rent. That doesn't mean MM or anyone else was actually paid $1,333- that is the value the company assigned to the benefit it received.
You have said dozens of times that MM is being paid $15,000 per month. Over and over and over, almost every post, "$15,000 per month." What ever gave you that idea? The only evidence I see as to executive compensation is from the recent 14-f1 (August 4). Granted it's outdated (only thru March 31, 2011) and I agree with you that we will see the full picture next week, but I am truly curious what proof you have about your $15,000 mantra.
EXECUTIVE COMPENSATION
Compensation of Executive Officers
The Company’s executive officers did not receive any compensation or other remuneration in their capacity as such during the year ended December 31, 2010 and three-month period ended March 31, 2011.
.
--------------------------------------------------------------------------------
Employment Agreements
The Company has not entered into any employment agreements with our executive officers or other employees to date.
Grants of Plan-Based Awards
No plan-based awards were granted to any of our named executive officers during the fiscal year ended December 31, 2010 and three-month period ended March 31, 2011.
Outstanding Equity Awards at Fiscal Year End
No unexercised options or warrants were held by any of our named executive officers at December 31, 2010. No equity awards were made during the fiscal year ended December 31, 2010 and three-month period ended March 31, 2011.
Option Exercises and Stock Vested
No options to purchase our capital stock were exercised by any of our named executive officers, nor was any restricted stock held by such executive officers vested during the fiscal year ended December 31, 2010 and three-month period ended March 31, 2011.
Pension Benefits
No named executive officers received or held pension benefits during the fiscal year ended December 31, 2010 and three-month period ended March 31, 2011.
Nonqualified Deferred Compensation
No nonqualified deferred compensation was offered or issued to any named executive officer during the fiscal year ended December 31, 2010 and three-month period ended March 31, 2011.
Potential Payments upon Termination or Change in Control
Our executive officers are not entitled to severance payments upon the termination of their employment agreements or following a change in control.
Compensation of Directors
No member of our Board of Directors received any compensation for his services as a director during the fiscal year ended December 31, 2010 and three-month period ended March 31, 2011.
Compensation Committee Interlocks and Insider Participation
During the fiscal year 2010, we did not have a standing compensation committee. Our Board of Directors was responsible for the functions that would otherwise be handled by the compensation committee. None of our executive officers received any compensation during the last fiscal year.
Article with new quotes from MM
http://www.bclocalnews.com/okanagan_similkameen/kelownacapitalnews/news/127276378.html
A Kelowna solar power commercial installations firm has been awarded a $7.5 million contract from General Motors Ventures.
The deal between GM and Sunlogics PLC was inked on Aug. 1, to develop the automaker’s electric car production infrastructure.
Sunlogics, which has an office in Kelowna, has experience developing and operating solar commercial installations in Canada, the United States and Europe.
For Michael Matvieshen, CEO of Sunlogics, all the hard work is finally paying off.
“It’s nice to be part of something that’s really taken off. It’s been a long haul,” said Matvieshen.
Matvieshen has been in the solar industry since 2002. He admitted that this is by far the greatest moment of his entrepreneurial career.
“Having General Motors as a shareholder kind of takes you out of the pack of all the other solar companies. It’s phenomenal,” he said.
“The money is nice, but the relationship is better. It’s a different business in that the stability is significantly higher. It’s not as speculative anymore.”
Sunlogics is an international company with engineering done in Canada, the United States, England and China.
Matvieshen said that the company is hitting a steep growth curve and will likely have offices all around the world before long.
“The company is growing right now. I don’t know when it’s going to outgrow me. That could happen quickly.”
Some of the money from the investment will go into establishing Sunlogics’ corporate headquarters in Detroit.
“(Detroit) has an enormous manufacturing base, our single biggest customer is there, the labour pool is enormous and well-trained. For a company hitting a fast growth curve, it’s the ideal place to be.”
GM isn’t the only big company that is interested in doing business with Sunlogics.
“We have a pretty good relationship with Energizer right now. I’m very excited about that because that allows you to start participating in the infrastructure for the electric vehicle around the world.”
The industry of the electric car is one that Matvieshen is convinced will grow significantly in the near future.
“The electric car is going to become mainstream. Everybody is starting to produce them.
“(People are) looking for something that’s more environmentally friendly and more cost-effective to operate. It’s the economics that will drive it.”
Matvieshen said that he isn’t letting his joy get in the way of business, because now, more than ever, there is a lot of work to be done.
“Now it’s time to perform. It’s a different kind of stress, though. It’s one thing having stress to survive, it’s another thing having stress to execute. I’d rather have the stress to execute.”
No matter how fast the business grows, Matvieshen is confident that Kelowna will remain his home.
“I moved here 21 years ago, so I’ve been here a long time. I like it here. My kids were born here and they’re going to university here.
“I don’t have any intentions of moving.”
Nice find. Further confirmation of what IMO will be Sunlogics' acquisition of New Millenium Solar Equipment Corp. Big things in the works here. So much talk about SLMU having no value but that argument has not changed from months ago- Sunlogics isn't really going to use the Fund they just spent 9 months creating. Please. That is contrary to every word that has come from the companies themselves, who say explicitly their goal is finance SLMU to buy all assets built by Sunlogics. Today's filing confirms that no one has been paid any salary at all in this dormant phase pending financing and further that total o/s is still 46,960,728- in other words, not one share of dilution. The hypothetical about one single Green Zone generating a measly $75k over 10 years is misleading where dozens articles have said Sunlogics has been commissioned to build 3,000 Green Zones across the country. 3000 x $75,000 = $225,000,000 over 10 years. That's just the dinky dealership canopies. That's just the beginning.
From Jon Lauckner, Vice President of General Motors and President of General Motors Ventures:
"Our partnership with Sunlogics really has two components. First of all, GM Ventures made a 7 1/2 million dollar investment in Sunlogics to provide the company with working capital, to grow their business, and to pursue specific initiatives with us. The second part of it is that we signed three separate commercial agreements with Sunlogics. These agreements cover the installation of solar canopies like the one behind me at dealerships. A separate agreement covers the installation of solar canopies at various GM facilities. And finally we signed a power purchase agreement with them that covers the installation of solar arrays- large scale solar arrays at our plants, including purchasing the power that is generated by them."
Any ideas why Level 2 no longer displayed on otcmarkets? It always has been up to and including Friday.
http://www.otcmarkets.com/stock/SLMU/quote
Any response to this post?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65681046
Quote from of GM Ventures president Jon Lauckner.
Click the link to the official General Motors website (not GM Ventures subsidiary) and click "video" on the right panel and see for yourself.
http://media.gm.com/content/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2011/Jul/0728_gmventures
"Our partnership with Sunlogics really has two components. First of all, GM Ventures made a 7 1/2 million dollar investment in Sunlogics to provide the company with working capital, to grow their business, and to pursue specific initiatives with us. The second part of it is that we signed three separate commercial agreements with Sunlogics. These agreements cover the installation of solar canopies like the one behind me at dealerships. A separate agreement covers the installation of solar canopies at various GM facilities. And finally we signed a power purchase agreement with them that covers the installation of solar arrays- large scale solar arrays at our plants, including purchasing the power that is generated by them."
Very good perspective. I was the one who posted the google alert and for the record, I have not sold a single share. I will not until news confirming my opinion about the PLC - New Millenium merger is released.
Big things lie ahead here and the share structure is simply astounding. Could see dollars by year's end, maybe sooner.
You really are not understanding the concept of "Right Of First Refusal," are you? It doesn't matter if Sunlogics PLC wins the lottery (or, more realistically, announces it has acquired New Millenium Solar Equipment Corporation and its $8 Billion in assets) and no longer "needs" SLMU. SLMU is not an appendage... it is Locked In.
From the May 13 8-K:
On May 2, 2011, Sunlogics Power Fund entered into a Right of First Offer to Purchase Agreement (“Rights Acquisition Agreement”) with SLI for the right of first offer to purchase all revenue producing solar assets developed by SLI.
Right of First Offer to Purchase Agreement
The terms of the Rights Acquisition Agreement include the following:
(i)
SLI grants Sunlogics Power Fund the right of first offer to purchase all solar assets developed and built by SLI.
4
(ii)
The purchase price shall be based on the valuation of the asset’s fair market value, by a third party which shall be mutually agreed upon by Sunlogics Power Fund and SLI.
(iii)
The term of the agreement is for 3 years with an option to renew for an additional 3 years.
The whole of the terms are set out in the Rights Acquisition Agreement.
oh- I didnt realize that. very good point sir. and btw I know you know everything I said- was repeating to explain to new viewers.
For all intents and purposes it is. Salamon Group Inc. was an empty shell with no operations. As of May 13, 2011 Sunlogics Power Fund Management, Inc. reverse-merged into Salamon Group and is now trading under the ticker symbol SLMU. We are all investing in SPFM. So call it SPFM, call it SLMU, call it whatever you like.
SPFM = SLMU, no?
WRONG AGAIN. SPFM's "right of first refusal" is an option to purchase, at a fair market price, ALL projects built by Inc. and PLC. The extent of SPFM's financing is the limit on what it can buy. SPFM is very explicit about their intent to get enough financing to buy ALL projects worldwide.
Notably I see no Sass
UPDATE TO SUNLOGICS WEBSITE
CONFIRMS HOWARD BRODIE, TOM WERTHAN, JOHN SMALL, JOOST SCHELLENS ALL APPOINTED TO BOARD OF DIRECTORS
http://sunlogics.com/leadership/
You are here: Home / Leadership
Leadership
Board of Directors
Michael Matvieshen, Chairman
Mr. Matvieshen is the founder Chairman and CEO, of Sunlogics. Prior to Sunlogics he was the founder CEO of EPOD Solar, a Canadian company that built solar parks in Germany. Mr. Matvieshen has been an entrepreneur inventor and technology developer in various energy related companies for the past 20 years. He has also been involved in land development and commercial building construction as an investor/owner/developer and has managed large real estate projects.
Joost Schellens, Director
Mr. Schellens is a partner and co-founder of the Atlas Global group. He has a long track record of investing at GLG Partners LP, Goldman Sachs’ Special Situations Group and Morgan Stanley’s Real Estate Private Equity Fund. He is a Board member of Sunlogics Plc and Infinia Corporation. Mr. Schellens holds a Masters in Finance from Maastricht University in the Netherlands.
John Small, Director
Mr. Small has 19 years of experience in portfolio management and investment research. He joined GLG Inc. in 2000 as a Portfolio Manager for Telecom, Media and Technology Investments. He has added Renewable Energy to his coverage and manages both publicly traded and private investments. His assets under management are in excess of $300mm. Prior to joining GLG, Mr. Small was an Equity Analyst, specializing in Telecom and Media companies for Ulysses Management and an Equity Analyst for Telecom stocks with Odyssey Partners. After graduating from Cornell University with a BA in Economics and International Relations, he started his career on the sell-side working at Dillon Read and Morgan Stanley as an Equity Research Analyst following Aerospace/Defense, Biotechnology, Telecom Equipment, and Industrial Conglomerate companies. Mr. Small serves on the board of directors of privately held Payease, Sunlogics, Infinia Corp, and Loyalty Alliance. He is also responsible for GLG’s private investments in Nanosolar, Abound Solar, Glam Media, and The Weinstein Company.
Jack DeLiddo, Director
Mr. DeLiddo pioneered large commercial roof mount photovoltaic systems along with his patent pending Velcro attachment system. He has created an exclusive solar roof lease program that uniquely combines patented roofing protection and renewable energy generation. Mr. DeLiddo has established a long-term relationship with GM over the years, resulting in the completion of the world’s largest rooftop solar photovoltaic power installation to GM’s plant in Figueruelas, Zaragoza, Spain; covering about 2 million square feet of roof with about 85,000 solar panels.
Charles L. Bryant Jr., Director
After graduating from California State University in 1977, Mr. Bryant founded CL Bryant, Inc., petroleum distributors. In 1978 they had six employees and sales of $4 million. By 2005, CL Bryant with multiple branch operations, had become the number one seller of 76 lubricants and 76 NASCAR racing gasoline in the US, with 150 employees and over $250 million in annual sales. The business was sold in May of 2006. Mr. Bryant is currently involved in multiple businesses, helping others fulfill their dreams. He has served for six years as Executive Director of the Pinnacle Forum, Modesto.
David Kay, Director
Mr. Kay is a Research Analyst at Tenor Capital Management, a fundamental research based investment manager. He joined Tenor October 2009. Previously, he was a Senior Associate in the Restructuring and Recapitalization Group at Jefferies & Company, responsible for analyzing and facilitating corporate restructurings, with emphasis on advising corporate clients and their creditors in large, multifaceted transactions. Prior to that, Mr. Kay worked at Akin Gump Strauss Hauer & Feld as an attorney in the Financial Restructuring Group and focused on advising creditors’ committees and bondholder committees in complex corporate restructurings, both out of court and in Chapter 11. During the summer of 2004, he was a law clerk for the Honorable Denise Cote, a federal judge in the Southern District of New York. Mr. Kay graduated from Fordham University School of Law with a J.D. with honors, and from the University of Pennsylvania with a B.A
Management
Michael Matvieshen, Chief Executive Officer
Mr. Matvieshen is the founder Chairman and CEO, of Sunlogics. Prior to Sunlogics he was the founder CEO of EPOD Solar, a Canadian company that built solar parks in Germany. Mr. Matvieshen has been an entrepreneur inventor and technology developer in various energy related companies for the past 20 years. He has also been involved in land development and commercial building construction as an investor/owner/developer and has managed large real estate projects.
Satpal Sidhu, President
Mr. Sidhu is President of Sunlogics Inc. and was Chief Operating Officer with Epod Solar since 2008. He has over 30 years of professional experience in management of complex industrial operations, construction projects, and enterprise management. In 2005, he received a Fulbright Scholarship grant for workforce training research in developing countries. Mr. Sidhu was the Dean at Bellingham Technical College for 6 years. Mr. Sidhu is a licensed engineer with a Master’s degree in Business Administration.
Lou Pellatiro, Chief Operating Officer
Mr. Pellatiro joins Sunlogics after 35 years of extensive manufacturing experience at General Motors. He held leadership positions in Manufacturing and Facilities Engineering, Maintenance, Paint Shop Manufacturing, and New Model Launch Programs at several GM Plants. Mr. Pellatiro has recently been responsible for the Energy Reductions, In-House Utility Generation, and Renewable Energy Projects for GM North America. He has extensive successful experience in large-scale project management. He was part of the team who developed the Green Zone Concept and several large scale Solar Projects. He has a BS in Mechanical Engineering with an Electrical Engineering Minor, and an MS of Management from GMI (Kettering University).
Tom Werthan, Executive Vice President and Chief Financial Officer
Mr. Werthan has twenty-five plus years experience assisting high technology growth companies in financial and operational capacities. Mr. Werthan has thorough knowledge of operational, audit, general management, and manufacturing disciplines in addition to Big Four public accounting/auditing experience. He has both public and private company experience including complete IPO process. From 2009 to 2011, Mr. Werthan held the position of Chief Executive Officer at New Millennium Solar Equipment Corp. (formerly, EPV Solar, Inc.), a leading developer of a-Si manufacturing equipment and solar panels. From 2007 to 2009 he was the Chief Financial Officer of EPV Solar, Inc. From 1992 until 2007, Mr. Werthan served as Chief Financial Officer, and a member of the Board of Directors of EMCORE Corporation, a provider of components for telecommunications and solar power products. Mr. Werthan has a BS/BA degree in accounting from Boston University and is a Certified Public Accountant.
Howard Brodie, Executive Vice President and Chief Legal Officer
Mr. Brodie joins Sunlogics from New Millennium Solar Equipment Corp. (formerly, EPV Solar, Inc.), a leading developer of a-Si solar module manufacturing equipment and a-Si solar products, where he held the position of Vice President, General Counsel and Secretary. Mr. Brodie brings his 15 years of international transactional experience focused on corporate finance; capital markets transactions, mergers & acquisitions, solar energy, solar project finance, intellectual property, joint ventures, and complex commercial agreements. From August 1999 until May 2007, Mr. Brodie served as Executive Vice-President, Chief Legal Officer and Secretary of EMCORE Corporation, a NASDAQ-listed provider of components for telecommunications and solar power products. From September 1995 until August 1999, Mr. Brodie was with the law firm of White & Case, LLP, where he practiced corporate finance and mergers and acquisitions. Mr. Brodie holds a J.D. from Yale Law School and clerked for Chief Judge Gilbert S. Merritt on the Sixth Circuit Court of Appeals.
Jack DeLiddo, Executive Vice President Business Development and Marketing
Mr. DeLiddo pioneered large commercial roof mount photovoltaic systems along with his patent pending Velcro attachment system. He has created an exclusive solar roof lease program that uniquely combines patented roofing protection and renewable energy generation. Mr. DeLiddo has established a long-term relationship with GM over the years, resulting in the completion of the world’s largest rooftop solar photovoltaic power installation to GM’s plant in Figueruelas, Zaragoza, Spain; covering about 2 million square feet of roof with about 85,000 solar panels.
Charles L. Bryant Jr., Executive Vice President Finance
After graduating from California State University in1977, Mr. Bryant founded CL Bryant, Inc., petroleum distributors. In 1978 they had six employees and sales of $4 million. By 2005, CL Bryant with multiple branch operations, had become the number one seller of 76 lubricants and 76 NASCAR racing gasoline in the US, with 150 employees and over $250 million in annual sales. The business was sold in May of 2006. Mr. Bryant is currently involved in multiple businesses, helping others fulfill their dreams. He has served for six years as Executive Director of the Pinnacle Forum, Modesto.
413k volume @ .15 in the first 5 minutes. OK I'll stop now.
350k in first 2 minutes!
200,000 shares traded in the first 1 minute.
FYI, SLMU reports level 2 to otcmarkets
http://www.otcmarkets.com/stock/SLMU/quote
BOOYA!!!
http://www.prnewswire.com/news-releases/gm-ventures-invests-in-solar-power-developer-sunlogics-126317018.html
http://www.reuters.com/article/2011/07/28/gm-sunlogics-idUSN1E76Q1S220110728
http://www.freep.com/article/20110728/BUSINESS0101/110728010/GM-s-venture-capital-arm-investing-7-5-million-local-solar-energy-firm-creating-310-jobs?odyssey=nav|head
http://www.benzinga.com/news/11/07/1812189/gm-ventures-invests-7-5m-in-solar-power-developer-sunlogics
http://gigaom.com/cleantech/gm-backs-solar-car-port-maker-sunlogics/
http://regator.com/p/252492688/gm_backs_solar_car_port_maker_sunlogics/
46,960,728 shares of Common Stock post acquisition of Sunlogics Power Fund.
True, they were buffoons and released the Super 8-K that the SLMU-SPFM merger was complete at 4pm on Friday, May 13. Inexcusable.
But even at that time everyone knew it was going to take some time to get financing. Tomorrow is the news we are really waiting for. And it is being released first by a GM press conference at 9:00 a.m.
Truth be told I don't have a lot of spare time to really DD a company before I invest in it- I usually just am in 1 or 2 at a time. I know to say I "just have a feeling" is probably blasphemy around these parts. I am definitely in deeper than I should be on any one stock. But the potential here just seems unreal.
At close the market cap is still under $6 million. How is that possible. If this press conference announces that the Chevrolet "Green Zone" is actually happening, combined with the financing possibilities of NMSEC (i doubt we'll hear about that until Aug 15 10-Q & hopefully 8-K), the potential for SPFM is just staggering. The amount NMSEC would need to invest to have a positive impact on the stock price is miniscule- one tenth of one percent would be $1.74 per share of SPFM. And that was true before today's advancements.
The relationship between PLC and NMSEC goes farther. Mike Matvieshen, CEO of Inc. and SPFM and director of PLC, used to run a corporation called EVP Solar, Inc. with a man named Howard Brodie at his side. EVP Solar, Inc. flourished for years then went bankrupt. NMSEC recently purchased all assets and intellectual property of EVP Solar, Inc. Howard Brodie, the VP and General Counsel at NMSEC, recently was appointed the Secretary and Director of Sunlogics PLC and Executive VP and General Counsel at Sunlogics, Inc.
$6 million current market cap! Truly astonishing. If the value of SPFM goes up to a tiny fraction of the value of NMSEC I will be a millionaire. (I'd be out before then.) (Mostly.)
There are 3 distinct entities in the Sunlogics family.
1. Sunlogics Power Fund Management, Inc. ("SPFM")
SPFM is a Fund that will generate profit by owning and operating solar utility and equipment projects worldwide. As of May 13, 2011, Salamon Group and SPFM are one and the same. Salamon Group was an empty shell with no operations (but a fantastic share structure- 14m float) that SPFM reverse-merged into.
2. Sunlogics, Inc. ("Inc.")
Inc. constructs and operates solar utility and equipment projects worldwide for customers such as GM and Energizer. As of May 13, 2011, SPFM has an exclusive right of first refusal to purchase, own and operate all such projects built by Inc., based on a value to be determined by a third party appraiser. All SPFM needs is the initial financing to get started.
3. Sunlogics PLC ("PLC")
Inc. is 100% owned by PLC. PLC is who is running the show.
4. New Millenium Solar Equipment Corporation ("NMSEC")
NMSEC designs and constructs solar utilities and equipment worldwide. They are 100% owned by a group of investors who control $8 Billion in assets.
In My Opinion, As of July 12, 2011, the board members of NMSEC have officially been appointed the officers and directors of PLC. In other words, PLC is acquiring NMSEC and once said acquisition is complete, PLC will control that $8.0 Billion in assets and divert some or all of it to financing its own operations through SPFM.
If they apply $47 million of their assets to financing SPFM, that's $1.00 per outstanding share.
If they apply 10 percent of their assets to financing SPFM, that's $17.02 per outstanding share.
http://www.epv.net/default.html
http://www.gbrdirect.com/AvailableProducts.aspx?name=SUNLOGICS%20PLC&code=07461021&country=GB&product=GB_CH_CS
http://www.linkedin.com/search/fpsearch?fname=Howard&lname=Brodie&pplSearchOrigin=SEO_SN&trk=SEO_SN&csrfToken=guest_token&domainCountryName=