A suspension does have the that wonderful side affect of keeping your SP from falling ! They changed auditors and all of a sudden they have to write down a bunch of assets ? I dont think so. I think they have known this for a long time and to get the westinghouse deal and the NASDAQ listing done, they had to upgrade there auditor to get some cred back into there books. In doing so, they had to clean up there books, therefore the asset writedowns. But its a good sign that the books will be better and they are prepared to bite the bullet. I think the build, own, operate large industrial strength solar and wind projects for power generators and other utilities in unison with a bank is a good stead long term strategy. Cleaning up the books, hooking up with reputable players, doing big deals, it has future.
CBD Price at posting:
3.0¢ Sentiment: LT Buy Disclosure: Held
