Salamon Group, Inc. (fka SLMU)

[JHop]

Nice find. Further confirmation of what IMO will be Sunlogics' acquisition of New Millenium Solar Equipment Corp. Big things in the works here. So much talk about SLMU having no value but that argument has not changed from months ago- Sunlogics isn't really going to use the Fund they just spent 9 months creating. Please. That is contrary to every word that has come from the companies themselves, who say explicitly their goal is finance SLMU to buy all assets built by Sunlogics. Today's filing confirms that no one has been paid any salary at all in this dormant phase pending financing and further that total o/s is still 46,960,728- in other words, not one share of dilution. The hypothetical about one single Green Zone generating a measly $75k over 10 years is misleading where dozens articles have said Sunlogics has been commissioned to build 3,000 Green Zones across the country. 3000 x $75,000 = $225,000,000 over 10 years. That's just the dinky dealership canopies. That's just the beginning.

From Jon Lauckner, Vice President of General Motors and President of General Motors Ventures:

"Our partnership with Sunlogics really has two components. First of all, GM Ventures made a 7 1/2 million dollar investment in Sunlogics to provide the company with working capital, to grow their business, and to pursue specific initiatives with us. The second part of it is that we signed three separate commercial agreements with Sunlogics. These agreements cover the installation of solar canopies like the one behind me at dealerships. A separate agreement covers the installation of solar canopies at various GM facilities. And finally we signed a power purchase agreement with them that covers the installation of solar arrays- large scale solar arrays at our plants, including purchasing the power that is generated by them."

http://media.gm.com/content/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2011/Jul/0728_gmventures
(click "video" on bottom right)