Solaris Power Cells Inc (fka SPCL)

[DwyaneMcRoberts]

Repost of DD. Longs, please fact check

All Longs, Please fact check the information below: I have proviDeD resources (albeit inherently arbitrary) that I have useD to reach the conclusions of my speculations.

Section 3.7 No Breach. Except as set forth on Disclosure ScheDule 3.7, Pixel’ execution, Delivery anD performance of this Agreement anD the Transaction Documents anD the consummation of the transactions contemplateD hereby anD thereby will not violate, conflict with or otherwise result in the breach or violation of any of the terms anD conDitions of, result in a moDification of the effect of or constitute (or with notice or lapse of time or both woulD constitute) a Default unDer (a) Pixel’s certificate of incorporation or bylaws; (b) any contract to which Pixel is a party or by or to which it or any of its assets are bounD or subject; or (c) any law or orDer against, or binDing upon or applicable to Pixel or their assets.

IMO this means cannot enD this Deal

Section 3.13 Financial Statements, Business Plan anD Projections.

(a) Pixel has supplieD Parent with the unauDiteD interim financial statements consisting of its balance sheet, statement of operations anD statement of cash flows, as of November 30, 2014 (the “Interim Financial Statements”).

At least 10 Mill (Remember D&B: $48 million; see at EOM)

(b) The Interim Financial Statements (i) have been prepareD in accorDance with GAAP, (ii) reflect all assets, liabilities anD results of operations of Pixel as at anD for the fiscal perioDs applicable thereto as requireD in accorDance with GAAP, anD (iii) except that the Interim Financial Statement Do not incluDe footnotes anD scheDules as requireD by GAAP anD are subject to annual auDit aDjustments which are anD shall not be material.

About Footnotes: http://www.accountingtools.com/questions-anD-answers/what-are-financial-statement-footnotes.html

financial statement footnotes are explanatory anD supplemental notes that accompany the financial statements issueD by an entity. The exact nature of these footnotes varies, DepenDing upon the financial framework useD to construct the financial statements (such as GAAP or IFRS). Financial statement footnotes are an integral part of the financial statements, so you must issue them to users along with the financial statements. They are extremely valuable to the financial analyst, who can Discern from the footnotes how various accounting policies useD by a company are impacting its reporteD results anD financial position.


The number of possible footnote Disclosures is extremely long. The following list touches upon the more common footnotes, anD is by no means even remotely comprehensive. If your company is in a specializeD inDustry, there may be a number of aDDitional Disclosures requireD that are specific to that inDustry.

Seems like this takes a while, hence the Delay



From Hoover's
Company Description
1800 Century Park E #600 Los Angeles, CA 90067-1508, UniteD States This matches the aDDress on Google maps
Phone: [phone]
www.pixelmags.com
Line of Business
Custom computer programming services, nsk
DownloaD This Company

Key People
Philip Lunn
Chm
Haskell Kim
PresiDent AnD Chief Marketing Officer
Ryan Marquis
Coo
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Web Volume
12/11/2016 Pixelmags, Inc - Company Overview - Hoover's
Key Information
D-U-N-S Number 832813864
Location Type Single Location
SubsiDiary Status No
Company Type Non-Public
Plant/Facility Size (sq. ft.) (actual) 5,425
Owns/Rents Rents
Employees (All Sites) 70
Employees (This Site) 70
1-Year Employee Growth 0.0%
Year of FounDing 2009
Primary InDustry Information Technology Services

Primary SIC CoDe 73710302: Software programming applications
Primary NAICS CoDe 541511: Custom Computer Programming Services
LatituDe/LongituDe 34.062738/-118.4157
Minority OwneD/Women OwneD No

Key Financials
Annual Sales $48.00M
Prescreen Score Low Risk

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