Ann: Greatcell Solar - Asset Sale, page-10

Yep, not feeling too comfortable here either and it definitely is a sign of desperation. To me the announced sale sounds more like an attempt to move key assets (potentially including IP rights) to another entity, for something that might be a fresh new start.

That means that if GSL hits the wall (… which is not completely unlikely), the new entity might be able to continue operating and further develop the technology.

It would be interesting to know the structure of the acquiring entity (and related shareholders, if any). I find it difficult to believe that the assets are being purchased by a personal entity...