SLMU>>>Must read, absolute MONSTER in the making!!!
There is a slight delay in completing the final stages of the R/M. According to the company, it should be announced within the next few days. Everything is going well, and once the news comes out this stock should fly!
Here is some of the information about the company, and the upcoming reverse merger:
Share Structure 3/14/2011
Outstanding Shares: 27,000,000
Authorized Shares: 50M
Float: 14.7M
Approximate Share Structure After R/M
Outstanding Shares: 67,000,000
Float: 14.7M
Amazing R/M: No reverse split and shareholders get 40.30% of OS
The 27M OS was stated here and it is still the same!!!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7741318
The 40M shares to acquire Sunlogics Power Fund Management was stated here!!!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7634212
Sass, SLMU director, confirming the S/S above!!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60939960
These are my opinions.. Please do your DD before buying!
1) Reverse Merger:
Sunlogics Power Fund Management is merging to SLMU. Sunlogics Power Fund Management Inc., is a solar energy project funder specializing in ECO friendly green power projects. It has the exclusive first right of refusal as the project funding partner of Sunlogics Inc., a vertically integrated solar energy company. Sunlogics Power Fund Management Inc. is focused on the acquisition of solar powered electricity generating facilities which have long term power purchasing agreements in place with local power utilities.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7634212
http://sunlogics.com/
Here is an email confirmation that the R/M will be completed soon!
Salamon Group (OTCBB:SLMU), today announced that the due diligence process has been completed and expects to advance to the closing phase of its reverse merger with Sunlogics Power Fund Inc. shortly.
About Sunlogics Power Fund Management Inc. Sunlogics Power Fund Management Inc. is a solar energy project funder specializing in the acquisition and financing of ECO friendly green renewable energy projects. It has the exclusive first right of refusal as the project funder of Sunlogics Inc., a vertically integrated solar energy company.
Salamon Group is a publicly traded independent "green" energy company with new headquarters and operations in Modesto California and an office in Kelowna, BC, Canada. The Company has recently enhanced its business model to include the funding of solar power generating plants, with particular emphasis on the General Motors solar energy projects to be constructed by Sunlogics Inc. and future solar rooftop and ground mount installations in Ontario, Canada.
Sunlogics Announces Deal With General Motors to Provide Solar Photovoltaic Canopy and Electric Vehicle Charging Stations
General Motors, LLC has selected Sunlogics Inc. to build Solar Photovoltaic Canopy and electric vehicle charging stations for the company's US facilities, development centers and Chevrolet dealerships. The renewable energy systems will be called Chevrolet Volt Green Zone.
Sunlogics's first General Motors (GM) installation is located at the Chevrolet Volt assembly plant in Hamtramck, Michigan and is a 20kW system containing 10 charging stations. Additional Solar Photovoltaic Canopy charging stations will be built at GM's electric vehicle battery plant and vehicle development centers in Warren and Milford, Michigan.
Jack DeLiddo, vice president and director of Sunlogics, said: "We've worked collaboratively with GM on solar energy projects before and have their vote of confidence as a leader in developing clean energy electric vehicle recharging for businesses. We're pleased they've selected us to provide Green Zone Canopy systems to the Chevy dealer network and the American consumer. The Green Zone dealership program demonstrates to America how to bring free energy from the sun to power the car."
Here is the letter from yesterday about the delay of the announcement of the R/M from the company:
"To all SLMU investors…
Today came and went as we went through the histrionics of trying to decide what to say given that we had advised that April 5th would be the final date of the merger with Sunlogics Power Fund Management Inc.
A few days ago we stated all that we were going to be a few days late in filing the Form 10K. Filing that form is a pre-requisite prior to filing the “Super 8K” SEC document required for all reverse mergers. At that time, we still believed we could be on time.
So where do we stand? We are within days of filing the Form 10K which would then very quickly be followed by the filing of the final merger document (Super 8K). All documents are in order and payments have been made. As with any administration that inherits the “office”, you end up finding things which take longer than hoped. We honestly thought we’d be done by April 5th, and we won’t be far off. However, I will NOT make the mistake of making another date promise because its not in my hands. What we all know is that the 10K MUST be complete and filed by April 15th. Take your cues from that.
I apologize to all of those investors who feel we let them down. I could have been proactive and showed more foresight by letting out this information yesterday, yet I still hoped for a “last minute miracle” which would allow filings to begin on time.
Leaders are identified not by their titles, but by their manner of how they treat those that look to them to lead to success for all. So I want to give a big thanks to Harold and the entire team of colleagues who have worked so hard to help us get through a monumental effort to get things done for this merger. Some may question my desire to post this message, yet I subordinate myself to only one thing, and that is a set of principles that demands that I will act as if my daughter is sitting on my shoulders when treating others. I will not show one public face and a different private one. And while my post today may not even sit well with some, I will stand by my actions and suffer any consequences that I must. I come to this from a position of strength of integrity which will trump the power of anything else, anytime.
I did not respond to many investor emails or calls today. I will answer all calls and emails on Wednesday morning. Some people may not feel that “within days” is sufficient, yet call me “once burned, twice shy” in not giving a specific date. I hold shares like many others, and yet I didn’t sell any today. Hopefully that means something to some of enough of you.
Sass "
Having said that, you have an opportunity to jump in at these low levels, since this stock will be a multi bagger going forward. IMO
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