10k some comments know you have been waiting.
Dec 30th He signs agreement with Power fund which he owns."whereby the Company agreed to acquire all of the issued and outstanding shares of capital stock of Sunlogics Power Fund from the Company’s president and director in exchange for 40,000,000 shares of the Company’s common stock." Which means he gets all the stock of SLMu he also owns PLC formed in Dec which owns all according to Sass.Still don't know what SLMU is getting and I know , wait until SLMU shareholders see the "Super"8k.
From 10k
Effective December 7, 2010, Mr. John Salamon resigned his position as President and CEO of our Company. Mr. Salamon was replaced by Michael Matvieshen who also remains in the positions of President, Chief Executive Officer and Director of the Corporation.
On December 30, 2010, we entered into a stock purchase agreement with Sunlogics Power Fund Management Inc. (“Sunlogics Power Fund”).
Set forth below are the names, ages, terms of office and positions of our executive officers and directors.
Name Age Term of Office Position
John A. Salamon 64 Directorship subject to annual election by shareholders (1) Director
Michael Matvieshen 48 Directorship subject to annual election by shareholders Director and CEO
(1) On December 7 2010, John Salamon resigned as director of the Company subject to the filing and mailing of a Schedule 14f information statement.
(a) Stock Purchase Agreement
On December 30, 2010, the Company entered into a Stock Purchase Agreement between the president and a director of the Company and Sunlogics Power Fund Management Inc. (“Sunlogics Power Fund”), whereby the Company agreed to acquire all of the issued and outstanding shares of capital stock of Sunlogics Power Fund from the Company’s president and director in exchange for 40,000,000 shares of the Company’s common stock. The consummation of the transaction is subject to the satisfaction or waiver of certain conditions and there is no assurance that the transaction will ultimately be completed.
