The 10-K spells out the basics of the business plan
plus explains the advantages of the quantum dot
over the competition.
It is a long document, but the roadmap for Solterra
is all in there. It is very encouraging.
Solterra has a good relationship with Rice U. and
should be able to get their cooperation in transferring
the license from Solterra to Hague. Basically, if the
whole enterprise fails, the license is rescinded, so it
does not matter who's name is on the paper, Solterra
or Hague. Rice gets their "asset" back upon insolvency.
There is no need to publicise the plant because Hague
and Solterra need to become two companies before
sales contracts are done. The Solar Panel biz comes
first and that has to go to Solterra, not Hague.
Hague gets the quantum dot sales business to Solterra
and OLED and LED manufacturers, and that will be
developed after the solar panel biz gets started.
Hague plans to become self-funded through some sort
of fast-track IPO for Solterra, I think. (That part is not spelled out).
There are numerous exhibits attached to the 10-k which
show the agreements in place with Rice U. and various
investors. All in all, Mr. Squires seems to have his
priorities in place, his ducks in a row, and is proceeding
to pick them off one by one on his schedule, getting
cooperation from his business circle as needed, when
needed. His impressive resume is among the documents.
As a shareholder, I am very encouraged that shares
are used as currency, for options, payment for services,
and raising funds. This tells me that there is little
likelihood of share shenanigans down the road that
would be at the expense of the float shareholders.
I have to believe there is a plan that is contingent
on things happening in a certain order, and everything
will be revealed as it happens and not before they
are ready to take Solterra public. As I see it, that
is either Dec. 1 when they fulfill the standstill
agreement, or Dec 31, when Rice's next installment
is due.
