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Saturday, November 14, 2009 4:59:01 PM
I am a strong supporter of Solterra Renewable Technologies,
a division of Hague Corp. Symbol and board = HGUE
Hague released their annnual report within their 10K filed on Friday. Its over 50 pages, but has their business plan.
They have not released a PR on this, but I found a report that they are now building a solar plant in Saudi Arabia, after undergoing intense vetting.
Stock is .145 and has increased from .08 in the last two weeks.
Good chance for Hague spinning off Solterra very soon, like before Dec. 1. Float is 24.6 mil w/ 73 mil total shares.
This is a company that will mass produce solar panels, and would be eventually be looking for resellers to package and sell panels retail. Their main business right now is not solar parks, but Large Area Solar Grids, part of Saudi Arabia's 500 billion Kingdom Expansion Project and TREC's $500 billion project.
They have been under the radar because Hague was a shell company they bought last year and never changed the category to solar from mining. The company only releases done deals.
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