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sunbits

12/20/11 1:49 PM

#17687 RE: frontloading #17680

I'm still looking into the investor board every once in a while, although I am focusing more on moving forward rather than looking back at my days with Sunlogics and SLMU.

With Sunlogics selling the three solar farms it was to develop in Ontario in a bidding process (now public knowledge), it would appear that there has been some modification to the "right of first offer" which had been agreed between SLMU and SLX. I think that all is pure speculation about what is really happening behind the scenes, until either comes up with a firm release on what is going on with the agreement and how they intend on moving forward (together or apart). The transfer of $200K from SLMU to SLX does not even cover the amount for one solar charging station, so I don't think its related to an asset transfer. To say what exactly, would again be purely speculative.

I would treat all press releases that are not specific as being means to let the public know that the shell is "not dead", although clearly on "life support" would be a generous qualifier.