NewHydrogen Inc. (NEWH): In the fourth quarter of 2010, Canadian...

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evilluc

Re: wool1 post# 933

Tuesday, 03/15/2011 12:30:01 AM

Tuesday, March 15, 2011 12:30:01 AM

In the fourth quarter of 2010, Canadian Solar wrote off its investment of $3 million and a prepayment of $9.7 million to a start-up supplier. This action follows the continued deterioration of the supplier’s financial position and its default on scheduled materials deliveries in the fourth quarter of 2010.

http://phx.corporate-ir.net/phoenix.zhtml?c=196781&p=irol-sec

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