Ann: CBD Sells Italy Solar Project, Contracts Pro, page-3

re: Ann: CBD Sells Italy Solar Project, Contr... I had the sense from previous announcements that the merger might be further delayed.

It is a little disconcerting as the merger had been promoted as a done deal.

I contacted the investor relations representative of Westinghouse Solar a week or two ago and he said...

"I do fully anticipate the merger between CBD and Westinghouse Solar to proceed. The process has been delayed from the initial timeframes, but I find that is very common in these cases. As CBD has publically announced, they have been working with their new auditors, PWC, so that they can file a F-4 for a U.S. listing then merge the companies."

I thought today's announcement was positive in terms of cash flow and while only a forecast the second last paragraph said that CBD was expected to return to profitability next year.

I bought some more CBD this morning at 2.1 cents.

Cheers

Dreamcatcher