I don't know what kind of explanation you are hoping for. The company has left me just as in-the-dark as you. Nevertheless, here is my understanding of the general relationship:
Sunlogics PLC -> Sunlogics, Inc. -> Sunlogics Power Fund Management, Inc.
1. Inc. is a wholly owned subsidiary of PLC.
2. SPFM has an exclusive right of first refusal to purchase solar projects built by Inc. All they need is financing.
There's your "correlation." As for my "prediction," or "hypothesis," or at worst "wishful thinking," the DD continues as follows:
1. On July 4 four new officers/directors were appointed to the board of PLC.
2. Some of those board members are also board members of NMSEC, which is 100% owned by a group of investors with $8.0 billion under management.
3. DO YOU THINK IT'S A COINCIDENCE? Why would they have ever created SPFM if they weren't going to use it? The merger is complete and SPFM has been actively seeking financing. IMO, they now share several board members with the source of that financing. IMO.
4. If SLMU recently merged with NMSEC, that would be A Good Thing. For illustration purposes only, if NMSEC gives SPFM $80 million in financing (in other words, one one-thousandth NMSEC's assets), (in other words, $2.97 per outstanding share of SLMU), what would SLMU be worth?
$.056?
Yea right.
AI
