SSOL, The short awnser to whats going on right now (for those who don't know):
SSOL was seeking financing early this year with Auctus.. the stipulation was that they would sell Auctus ~106m in shares in exchange for financing. Something happened and the deal did not go through at the time it was supposed to be for .013.
Keep in mind that Auctus will not "dump" these shares for less than what they are paying for them (Although they are getting them at a discount, it still would not make sense).
So SSOL stock rises on their contract news, but SSOL want's to expand its business according to their last 10k which requires financing -especially if you are going to expand outside of California.
This is why the deal is back on the table, but this time we are looking at a lower PPS. We *need* this financing to go through as a good deal.. 106m is not a lot if Auctus does decide to dump immediately, but I think this deal is happening in advance of some SSOL announcement.
So were like what 2 days from the 5 day period? At that time the PPS will be what they go off to determine what Auctus will pay.. for example at .01 I believe Auctus will pay .0093 per share.
We could get burned here don't get me wrong, SSOL made sure to make that clear in their form submission.. however I don't think their angle is for this PPS to be low, they will put the funds to good use and hopefully get some more projects rolling.
Thursday will be a very important day!!
All IMO, nothing I have noted about should be used to make an investment decision.
