SunWorks Inc (SUNWQ)

[pinguo77]

anyone with any doubts about the solar cell only needs to look at the sales agreement below, the only way a company with 4 million+ in revenue through three quarters sells itself for this price is with the promise of the future profits from the solar cell as incitement

whatever small doubts I had due to the delay in news have been removed by this

I'll be adding at every opportunity



On November 3, 2014, the Company entered into an Asset Purchase Agreement with Solar3D Inc. (“the Buyer”) for the sale and purchase of substantially all of the Company’s assets. As consideration for the sale of all of the Company’s assets, the Buyer will pay $3,800,000 plus or minus the applicable working capital surplus or working capital deficit. The Buyer will also assume the liabilities to the extent from goods or services received by the Buyer on or after the closing. At closing the Buyer will pay $1,000,000 in cash, and $2,800,000 of which is payable in installments over a period of five years after the closing date, pursuant to a convertible promissory note bearing simple interest at the rate of 4% per annum. Upon satisfaction or waiver of the conditions set forth in this agreement, the closing of the transaction will take place on the date that the parties may mutually agree in writing, but in no event later than February 28, 2015, unless extended by mutual written agreement of the parties.