Thursday, April 17, 2014 10:50:49 AM
"...Since opting out of the transaction in December of 2013 the Company has been working with two General Contractors on formalizing a deal which would give the Company the licenses it needs to become an installer and also become a source of Solar products for both home and commercial construction. The Company has been speaking with several companies in different business sectors for its subsidiary as well as the parent Company and plans on closing on one or more transactions during the second quarter of 2014...."
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=118800
Chris Clarke did hurricane relief work in the past, so the acquisition of licenses in the construction sector fits his background. Would be better only if it were linked to say a FEMA or similar type of government contract (I assume that's who he was working through when he did the hurricane relief efforts).
As for the "...several companies in different business sectors for its subsidiary..." that could include anything from construction to marijuana.
I understand from the snippet that there'll be one and maybe more acquisitions this Q, which explains why the A/S was increased.
The paradox of iHub: buy high, sell low
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