Replies to post #5473 on Real Goods Solar Inc fka RGSEQ

[yaboy520]

I am not surprised at all by the way this garbage is trading. If you go back a read the deal agreement. Dow Chemical are the ones who developed the technology. They just gave RGSE the right to sell it lol. I believe the market over reacted big time on the news and now the stock is correcting itself


My pps target is $1.25 tops

[Louman]

Real goods has to pay Dow.

And the last 10q showed warrants that can be exercised at 2.50.

(a)Upfront Payment of One million US Dollars ($1,000,000.00) shall be due and owing by Licensee within ten (10) days after the Effective Date.(b)Milestone Payment due and owing by Licensee within thirty (30) days after receipt of UL or IEC certification for the POWERHOUSE™ 3.0 version of the Products (whichever is received first), two million US Dollars ($2,000,000)(c)Running Royalty due within thirty (30) days after the end of each Calendar Quarter beginning with the Calendar Quarter in which UL or IEC certification (whichever is obtained first) is received, Licensee will pay a Running Royalty. The Running Royalty equals two and one-half percent (2.5%) of the Net Sales Price of each Licensed Product sold by Licensee during the respective preceding Calendar Quarter