As long as we are reading the quarterly report and drawing conclusions, here's something to ponder.
Pursuant to the New Equity Purchase Agreement and as provided in the Prior Equity Purchase Agreement, Southridge has committed to purchase up to $5,000,000 worth of our common stock
I'll guarantee that Southridge knows a whole lot more about the situation than we do. After analysis they decided to buy a lot of this stock. If they thought that Andalay was going under I doubt they would have entered into this agreement.
liabilities for discontinued operations, ie panel installation, is in the form of an escrow account in the amount of 931,773. This is to cover potential warranty issues on existing systems.
