Propellus Inc (PRPS)

[ZenMan 111]

It seems to me that SSOL is in better shape than ever; with almost 6 million in their AR and almost 1 million in cash with the potential for 11.2 million more and still no bills. The problem is with the manufacturers not with SSOL they stepped up to sue the manufacturers for “breach of contract and related breaches of warranty”. If anything they are helping their customers and should get credit for that. SSOL is suing not the other way around, except for the All Fortune counter suit which SSOL said is “frivolous”. Everyone in the industry is plagued with some defective panels. The solar industry is still young, in time this will get cleared up. SSOL said they got a shipment of panels without UL certification from China Electric Equipment, I would guess they did not install them. It seems to me that SSOL is very professional and will do what they have to, to protect their customers and their business. When SSOL wins these law suits they can collect up to $11,200,000 and will be able to honor their customers and build up their company like they always planned. As for their new customers I am sure they have a new reputable manufacturer and in a short time SSOL will be the manufacturer and installer. SSOL standing up like this will help them get customers; they are showing that although the manufacturer gives the warranty on the panels and convertors, SSOL will do everything in their power to get the manufacturer to honor those warranty’s.