Hi there,
just recapping for newcomers (please, correct me, where I am wrong).
Solomon assets mainly consist of:
1) Patented technology for easy-to-install, economically viable home solar power screens, backed up by government stimulus guarantees.
2) Patented Electric Wheel and Electric Axle, ready to be installed and replace engine and transmission in most fuel-driven vehicles, typically in 4-5 hours, thereby creating instant green motoring at an interesting price for the owner (especially as such an operation most likely will be subsidized).
3) Electric Wheel concept for propulsion of boats up to typically harbour sightseeing capacity. Powerful (with superior torque), clean, noiceless and economical as proved in a number of installations.
4) Various defense systems rewarded with new and repeat orders from Homeland Securities.
5) Other successful products within Solomon´s Technipower branch.
6) Ongoing litigation court case vs Toyota, which company has blatantly copied and used Solomon´s patented Electric Wheel for their best-selling hybrid cars. Up to this point Toyota has sold about 1.300.000 hybrid cars in USA infringing on Solomon´s patent.
Toyota might want to seek an out-of-court settlement, thereby dimishing negative exposure. The alternative might be a straight-forward damages court judgement, for which we could do some simple math: 1.300.000 vehicles at, say a $1.500 damage fee per vehicle roughly corresponds to $4 per outstanding share as far as we can tell at this time, to be compared to present share price $0.23.
Solomon Drawbacks
1) Debt around $16 million, should be a minor consideration under the circumstances.
2) The company, noted on the Pink Sheets, has been known to give away debentures quite freely at times.
3) Historically the company has been lacking in information to the general share-holder.
So, there it is, and, as always, due diligence is of importance.
GOOD lUCK TO ALL!
AI
