Salamon Group, Inc. (fka SLMU)

[sunbits]

IPW
I don't think its a lie. It is reminiscent of many prior projects from EPOD, ICP and Sunlogics PLC days so I'm not at all giving too much benefit of doubt, only suggesting that we be cautious to write off those projects. However, if they don't move quickly to rectify the situation with both Tennessee and Samoan subcontractors, they will lose the projects, so it means that these things need to be cleared up in days, not weeks or months.

I guess the question is when will they learn to start a project, complete a project...and THEN move onto the next one? Surely a 50MW project should have had all of their focus and proper funding. Yet again, the belief is that you PR it, sell some stock into the market, and then fund. Most companies do it the other way around..ensuring there is funding before breaking ground. That's where the Samoans are probably scratching their heads. I hope its all cleared up soon though, the price of power is quite attractive and would provide an amazing return to DSTI based on dwindling equipment costs.