Replies to post #17683 on Salamon Group, Inc. (fka SLMU)

[The Rainmaker]

It was also very telling that the SLMU news occured one week after GM relaced MM at Sunlogics with GM people. Then a week later the GM people were the ones who pulled the trigger and gave SLMU the funding. People just haven't put two and two together yet to figure out SLMU is really a GM funded penny stock now. Going to be a good year in 2012 for SLMU.

[The Rainmaker]

Also, last filing showed there is still on 42 million shares o/s, half held by insiders. Market cap is way lower than just the money they're getting from GM/Sunlogics. in that $2.5 million dollar funding deal they just announced.

[standintall]

Dream on bro... Sunlogics does not have an exclusive anything with GM that I know and Sunlogics long ago made it clear it was going to sell its revenue producing assets to other entities.

Before you get all giddy over this news, don't you think it would be a good idea to find out the terms of the debenture? What if those debentures were convertible at say.... $.01 per share? Still a good deal then?

What if they were convertible at 70% of the bid?

This was a bad deal when it was set up.. it's been a bad deal ever since and it's still a bad deal now. This is only for suckers.