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Hearing EIGH (.115) massive news due out this week. One to watch. I'm hoping for a pullback before any big news.
I'd be honored vant!! Thanks for the invite.
The low-floater R/Ms have been hot lately, as you know. Based on the last PR, there is a good chance that the $SLMU R/M LOI comes out this week. Just wanted to give you guys a heads-up to keep a close eye out. Have a good weekend.
Expecting SLMU R/M LOI PR this week. Radarzzz!!! Low-floater here! Could explode.
Expecting SLMU R/M LOI PR this week. Radarzzz!!! Low-floater here! Could explode.
The only reason I can see them doing this is if they were working very closely with the Chinese in some fashion. I think we see a tie back to China someho with this R/M.
I think we get the LOI PR this week, which will kick this baby off....
"The additional intelligence obtained from our preliminary work will be extremely valuable to us as we quickly move towards the completion of a letter of intent in the coming days."
All depends on the value of the company merging into SLMU. With a share structure like this and being a fully reporting OTCQB, I think we get a really nice company here. Also, love that it's Solar company. This solar stuff is going to be massive.
Thomson Financial's (TF) Worldwide Mergers and Acquisitions database covers public and private transactions involving at least a 5% ownership of a company. Transactions include m&a, stock swaps, LBO's, spinoffs, rumored and seeking buyer deals, and more. U.S. deals date as far back as 1979, and international deals to 1985.
Doing some nice digging there JG!! Thanks.
Trying to figure out the Chinese tie here.
Was the chinese translated site on SLMU's website before?
http://www.salamongroup.com/
SLMU is brewing here. Solar r/m and low-floater. Keep her on watch.
SLMU (Solar R/M low floater) starting to kick up here.
She's looking pretty good here. Sellers out, now we accumulate and wait for the upcoming news.
Yes sir! With everything that's going on in Illinois with Solar, this could be very big!!
Yes, I agree. Based on their PR, they will make this happen quickly. Upcoming PRs including valuations of the new company will be our catalyst.
Love it!! weeeeeeeeeeeeeee!
EVRN volume surge just started.
Agreed, something is brewing here.
Yes, I liked the "days" part myself! It's coming quickly!
Nice news today! Just the beginning. Can't wait to see which company and their value.
Slight pullback as I expected on lower volume, support levels all held, moving averages all trending up nicely, and rsi cooled off a bit, which is what I was hoping for. Time to consolidate and accumulated here now. Perfect setup for R/M news and next 50-100% leg up!!!
R/M = reverse merger. Basically, a private solar company and all of their assets and operations will be reverse merged into SLMU; thereby adding greater value.
R/S = reverse split. When a company has a ton of shares out there, they sometimes do a reverse split. For example, they might do a 100 to 1 r/s, which would mean that for every 100 shares you have, you'll only have 1 now. In the case of SLMU, it's so far from the truth, it's not even funny. Just look at the share structure.
R/S ROFLMAO off! You are speaking of the wrong stock here. Fully-reporting with an amazing share structure! Cover your short bro!
The last two days have been excellent for sure. SLMU is just getting noticed.
I'm expecting a quiet day here and overall on the market. Pre-holiday weekend. We'll likely see a pullback today, then some accumulation in anticipation of the R/M. Holding and accumulating here. Additional details of the R/M and finalization of the R/M should be huge.
I see every one of your posts is negative, so I'll assume you're shorting. I short stocks (including penny stocks) also. This is not a good one to short, but I wish you luck. Your DD is incomplete and you should understand this is a R/M play in the massive solar industry. The value is not in their current products, but they are very interesting, none the less. Expecting r/m news very soon.
My thoughts on the 10M shares...
1) Will be used for the acqusition
2) Within the filings, this is to be used as a stock performance incentive plan in order to attract and retain the best people. Great idea! This is what quality companies do.
3) The company likely knows the value of this solar energy company and that r/m'ing the assets, revs, etc into SLMU, the 10M shares will be worth much, much more, as the pps will rise greatly!
4) An acquisition like this is why you want companies to authorize shares. They are not doing it to dilute, they are doing it to acquire in a great industry, which will add value for shareholders.
A bit about the CEO on Forbes:
http://people.forbes.com/profile/john-e-salamon/69690
Governor Patrick Quinn Signs Law to Ramp Up Solar Energy in Illinois; $4 Million Grant Award
http://chicagopressrelease.com/news/governor-patrick-quinn-signs-law-to-ramp-up-solar-energy-in-illinois-4-million-grant-award
Governor Patrick Quinn Signs Law to Ramp Up Solar Energy in Illinois; $4 Million Grant Award
August 19, 2010 4:35 am 0 comments
Governor Patrick Quinn Signs Law to Ramp Up Solar Energy in Illinois; $4 Million Grant Award Announcement for Up to 62 MW Solar Development and Ribbon Cutting
Rockford, IL (PRWEB) August 19, 2010 — Illinois Governor Patrick Quinn arrived at Wanxiang America Corporation’s newly built solar panel manufacturing plant in Rockford, Illinois today to announce an over $4 million stimulus grant award for an up to 62 Megawatt (MW) Rockford Solar Project, the largest photovoltaic (PV) solar development in the Midwest and one of the largest in the United States, and to attend the ribbon cutting ceremony of Wanxiang America Corporation’s solar panel manufacturing plant.
“The state’s investment will help ensure Illinois remains a leader in renewable energy development, while continuing to build on the state’s energy independence goals,” said Governor Quinn. “With partnerships with companies like Wanxiang and New Generation Power, we’re creating hundreds of sustainable, green-collar jobs and providing an economic boost to the entire state.”
Earlier in the day, Governor Quinn was in Chicago to sign House Bill 6202 into law, which establishes interim solar targets to help Illinois successfully scale up to reach the state’s solar renewable portfolio standard of 6% by 2015. The new law marks a landmark achievement for solar energy in Illinois and will create over 5,000 solar panel installation, manufacturing, and maintenance jobs and significantly reduce Illinois’ carbon footprint.
The up to 62 MW Rockford Solar Project will generate enough electricity to power over 10,000 homes and reduce carbon dioxide emissions at a rate of 113,000 tons annually, equivalent to the emissions from nearly 20,000 cars. The Project will significantly help electricity suppliers achieve the required 0.5% solar target by 2012.
“We thank Wanxiang for their investment in its North American solar panel manufacturing facility,” said City of Rockford Mayor Larry Morrissey. “We are equally enthusiastic about New Generation Power’s potential Solar Farm at Chicago Rockford International Airport. Investments in green technology such as these will help reinvent Rockford’s economy.”
The Project is the effort of Rockford Solar Partners, LLC, a joint venture between Wanxiang America, the U.S. subsidiary of one of the largest non-state owned companies in China with $8 billion in revenues worldwide, and Chicago-based renewable energy developer, New Generation Power to develop and operate an up to 62 MW photovoltaic solar generation facility in Rockford, Illinois.
“Thank you to Wanxiang and New Generation Power for its investment in our region. This is the perfect example of how the city and county came together to create jobs and promote the renewable energy industry. Currently we have locally made Wanxiang solar panels, purchased by Winnebago County, producing energy at Freedom Field,” said Winnebago County Board Chairman Scott Christiansen.
The Rockford Solar Project not only creates jobs in construction, installation and servicing but also countless additional jobs are generated in the sale and marketing of green power. The Project will also source PV solar panels locally from the Wanxiang solar panel plant.
“We are helping to establish Illinois as one of the largest producers of solar energy in the country and generating much-needed jobs for the Rockford area,” said Dr. Chirinjeev Kathuria, President of New Generation Power.
Production has already begun on Wanxiang’s solar panels in the newly constructed flagship manufacturing facility located in the Rockford Global Trade Park adjacent to the Rockford International Airport. Rockford officials have indicated the facility is designed for expansion on the 10-acre Wanxiang campus.
“Solar energy is becoming more and more popular in America, and in the world as well. We believe the market is poised for rapid growth,” said Pin Ni, President of Wanxiang America. “We appreciate the State and City governments to support the solar business. Our goal is to expand the plant threefold to meet the demand of Illinois’s new solar energy mandate.”
In March 2010, the Illinois Department of Commerce and Economic Opportunity (DCEO) awarded a grant of $4,025,000 to Rockford Solar Partners, equivalent to 1.26 percent of the Project’s total cost. 68 percent will be financed by nongovernmental sources. The federal funding was awarded pursuant to the American Recovery and Reinvestment Act (ARRA) Community Renewable Energy Program to create and retain jobs.
ABOUT ILLINOIS SOLAR RAMP-UP LAW
House Bill 6202, the Solar Ramp-Up Bill, passed the Illinois General Assembly on May 27, 2010 and established interim solar targets to help Illinois successfully scale up the solar portion of Illinois’ Renewable Portfolio Standard: 0.5% in 2012, 1.5% in 2013, 3% in 2014 to reach 6% in 2015.
ABOUT WANXIANG AMERICA CORPORATION
Wanxiang America Corporation, headquartered in Elgin, IL, is the U.S. subsidiary of Wanxiang Group Companies, one of the largest companies in China with $8 billion in revenues. Wanxiang currently has 4,100 employees in the U.S. and over 45,000 worldwide. Wanxiang Solar is a major player in renewable energy production, including wind and solar, and is the largest manufacturer of medium/large size silicon ingot and wafer cutting in China. http://www.wanxiang.com/
ABOUT NEW GENERATION POWER
New Generation Power, headquartered in Chicago, IL, produces renewable energy for sale to retail and commercial users across the United States. Founded by experienced entrepreneurs and renewable energy experts, New Generation Power produces green energy and provides renewable energy credits to our customers across the country. New Generation works in partnership with a number of the world’s leading renewable energy developers and manufacturers. http://www.newgenerationpower.org/
MEDIA CONTACTS:
Wanxiang America – Daniel Li, (847) 628-8645, dli(at)wanxiang(dot)com
New Generation Power – Yeye Zhang, (312) 912-5684, yzhang(at)newgenerationpower(dot)org
###
New Generation Power
Ania Kuna
(312)912-5684E-mail Information
Looks like this is surely a great business to r/m with...
A Sunny Day for Solar in Illinois
The Illinois General Assembly passed two bills on May 26th that will bring more than 3 million kilowatt hours of solar electricity to Illinois consumers by 2014! The Solar Ramp Up bill (HB 6202) sets annual targets for the amount of solar power used in Illinois between 2012 and 2015, these targets give industry a green light to invest in solar power, and create new jobs, revenue and clean energy here in Illinois.
Illinois passed a landmark renewable energy standard in 2007 that requires 25% of Illinois’ electricity be generated from renewable sources by 2025. The law requires that at least 6% of the state’s renewable energy come from solar power by 2015, but it didn’t provide a path for Illinois utilities to meet that goal. HB 6202 establishes those targets and sets Illinois on the path to becoming the leading Midwestern state for solar energy.
.5% by 6/1/2012
1.5% by 6/1/2013
3% by 6/1/2014
6% by 6/1/2015
Also on May 26, the General Assembly passed HB 5429, the Homeowners’ Solar Rights Act. The legislation clarifies the rights of homeowners living in homeowner or condominium associations to put solar panels on the property and outlines a process for that to occur.
“This legislation removes barriers for many homeowners who want to put solar panels on their roofs, but have been prevented from doing so by outdated restrictions,” said State Representative Sara Feigenholtz (D- Chicago), who sponsored HB 5429, the Homeowners’ Solar Rights Act, in the Illinois House. “Now, Illinois homeowners who want to cut pollution and their utility bills by installing solar panels will be free to do so.” Courtesy of Environmental Law and Policy Center
Nice! Can't wait for the r/m news to hit. With this float and sweet share structure, this upcoming news could make SLMU rocket.
Potential candidates to r/m into SLMU:
Solar Companies in Illinois
Illinois Renewable Energy Association
1230 E. Honey Creek Rd.
Oregon, Illinois USA 61061
Mainstay Energy
161 E. Chicago Ave., Suite 41B
Chicago, Illinois USA 60611-2624
877-GREENTAG (1-877-473-3682)
Renewable Energy Of Illinois Inc.
9 N Main St
Lombard , Illinois USA 60148
630-988-4043
Good one there!
First of all, congrats to those bankin on this one!!
Second, I'm trying to get the scoop here real quick. Not trying to bash, just looking for straight answers.
1) Why is someone valuing this stock at $2.00/share or $24M? It's a non-reporting pinky with a poor history and some land lots outside of Orlando with maybe a value of $1.7M (if they could get a buyer). Why would this new company pay $2.00 share for land not worth that much and a poor shell?
2) They talk about starting to build houses. People can't sell the ones that are built right now. How are they going to build houses and sell them in this market?
3) They talk about buying up 2000 houses in NV and leasing them. Where are they getting the money for this?
Looking forward to realistic answers. Thanks!
RSI only 59 on the chart! This one has TONS of room.
A couple days of consolidation right here would be very healthy for the next leg up. Given the fact that a big chunk of the o/s was reduced, it should be able to get back to .03 or higher much easier this round. More to come here, believe that!!
Sitting right at the 100 day and 50 day moving avgs. Expected this to be a war right here. Looks like longs are winning and chart is shaping up very nicely.