Solargy Systems Inc (fka SLGS)

[VistaViewer]

slojab, Yeah, I read that part and I don't understand how that works.

But it is non-dilutive, as opposed to a Convertible Debenture. That's all I really care about.

I got caught in that massive R/S a few years ago, as others did. That was based on a CD, and the, so called, death spiral financing, as I recall. Fortunately, that R/S had a "roundup clause" in it that left me just enough shares to stay connected. Otherwise, I wouldn't even be here now. So that was a nice thing that Mr. Nurse did for us.

The fact that they are going with a Bond suggests that this is much higher quality financing. As opposed to the way they went before, which wiped out a lot of shareholder equity.

The long and the short of this is that the company is starting over with a new plan addressing a very HOT market. So I am looking for much better performance this time.

And I think we are due for another 10Q any day now.

Good Luck.

VV