Umm...forget about MedRecycler LLC? What ever r
Post# of 12600
Quote:
What ever revenue that will be produced from Elba Power Corp though Sun Pacific Power corp will be consolidated into SNPW's financials and will benefit SNPW shareholders.
What a bad road to take. Maybe someone forgot about Medrecycler LLC (snpw subsidiary) having to step aside (snpw bad credit) for TOMATO Medi-Ri (subsidiary of Medrecycler LLC) to get approved for a bond. Now, ask yourself where Medrecyler LLC and Medi-Ri are today? DID THAT benefit SNPW shareholders?
Please don't forget snpw deconsolidated TOMATO Medi-Ri from its financials[/b] and took a 3 mil write-off and then ended up in snpw ceo's hands (check Ri SOS website) as its new ceo. DID THAT benefit SNPW shareholders?
Think about the convenience of TOMATO EPC becoming a wholly-owned subsidiary (as a "power plant" not solar panel plant) and then the details of the TOMATO EPC corporate structure (profit sharing agreement?) show up in some filing. Then someday might not be a snwp subsidiary any longer for non-performance quotas/payments due.
Have a nice weekend.
in my humble opinion
cheers