InvestorsHub Logo
Followers 2
Posts 135
Boards Moderated 0
Alias Born 04/02/2008

Re: Hink post# 93

Tuesday, 11/03/2009 8:40:01 AM

Tuesday, November 03, 2009 8:40:01 AM

Post# of 110
As you may be aware, the CEO of the company has gone back to his previous position as CEO of sister company NWND, which leaves SSLR with Kathleen Delaney and Eddie Austin, neither of which has any experience in the solar industry.

I concur, this company was portrayed to have a lot of promise, touting a "$150 million" portfolio in their press releases. It would appear from the last financials that they do not have any assets, having made puplic announcements to have sold their only tangile asset, the biodiesel plant in Poteet, multiple times to multiple parties (EVFL, GAEC, NWND, Cargill?) - it is unclear who, if anyone owns the plant at this point.

As you know, after the trading suspension by the SEC, the company claimed they did not know of any reason why they were being halted, and has been silent on the issue ever since - no financials, no press releases, no updates to the web site. In my opinion, this would indicate to the casual observer that this venture is done, without any hope of recovery. Best of luck to you!
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.