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Re: MaxDaniel post# 10608

Tuesday, 06/10/2014 1:08:51 PM

Tuesday, June 10, 2014 1:08:51 PM

Post# of 63559
SLTD Sales will be ground breaking!! The amount of CPN's distributed was completely in line with the purchase price of the company.
The pps is low right now because there is too little information out on the company and it's financials.

Doesn't look like solar3d will be able to pay their bills, right? Well, looking deeper, $4,674,190 of their liabilities are non-cash. They are dilutive (there will be a cost, just not a need to pay out cash) to our ownership %'s, but a start up needs the cash more. Now, assuming the roughly 140m dilutive shares were issued and the liabilities extinguished and converted to equity - the Q1 numbers would have looked like this (this WILL happen by November 1st):

Total Assets: $4,213,326
Total Liabilities: $1,653,459
Total Equity: $2,559,867



"The first full quarter of consolidated financial results for Solar3D and SUNworks will be reported after June 30 of this year."

http://finance.yahoo.com/news/solar3ds-sunworks-solar-power-northern-070700429.html