| 1. What are the two key mistakes beginners make in
reading trends? 2. Which "key" chart pattern reveals a top or bottom is near? 3. What are the most reliable chart patterns? Answer these questions and more with your FREE 10 day trading course |
Evergreen Solar’s (ESLR) JV With Q Cell May Declare Insolvency
According to the Boston Business Journal, Evergreen Solar just announced that its German joint venture with Q Cell, Sovello, may be forced to declare insolvency after a European commission’s decision to revoke a $16.2 million grant the company was given in 2008. The grant was given to Sovello as a “small and medium enterprise,” and the commission found that Sovello concealed the true extent of its relationship with Q Cell to qualify.
Sovello is appealing the decision, but if they fail, Evergreen Solar will be on the hook for $8.1 million of the grant. Evergreen currently has $50 million in assets related to Sovello.
:::: >>> Click Here For Your FREE Evergreen Solar Analysis
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
No comments yet.
Leave a comment