Replies to post #13971 on Salamon Group, Inc. (fka SLMU)

[daymax]

Jet read the PR regarding NCP, everything appeared a go there as well and they even had a blurb on the Sunlogics website. And now like so many other pumps appears to be a dead issue. Guess NCP did their DD and bailed on the financing they had lined up. So until a deal is actually signed all bets are off. Even if they find financing for 200 Canopies the revenue model needs to be presented. GM has been getting the power for free so far and didn't pay a dime for the canopy. Even the current 3M dollar solar install by DTE for GM at Hamtramck indicates a payback of over 200 years. The money will be made on these installs by Sunlogics due to tax concessions. And we all know how feckle governments can be in sponsering these programs. all IMO