We Don't Need No Stinking Giant Mirrors

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G&M;

Another once-promising Canadian solar power company is about to disappear from the public markets, as depressed solar-panel prices claim another victim.

Day4 Energy Inc. (DFE-T0.005----%), of Burnaby, B.C., said Monday it will sell itself to senior managers in exchange for the assumption of debt, and it will apply to delist its stock from the Toronto Stock Exchange.

h/t Maz2


15 Comments

I just don't get these Gov't funded Solar Farms. Why doesn't the Gov't subsidize the Home Owner and put the damn solar panels on their house wouldn't this cut down the use of those nasty fossil burning fuels and it would also stop the Farms from becoming another electricity producing monopoly.

I was thinking "promising solar company" was a bit of an oxymoron, then it occurred to me it was quite accurate. The promise is their basic business model. They promise and promise and promise and then...

Located in Burnaby they should specialize in windshield wipers or umbrellas.

Initial public offering was $7.25 a share,in 2007,when Global Warming was about to end all life on the planet, and now it's at ten cents.

Gee,I wonder if someone INSIDE made lots n' lots of money off the suckers.

Hope so.

"Day4 president and chief executive officer George Rubin said in an interview Monday that the solar market has been hit by a “multitude” of problems, including overcapacity, competition from low-cost Chinese panel makers, and a decline in government subsidies in many countries, particularly in Europe."

Hm, that last item there "decline in government subsidies".....maybe THAT has something to do with it!

Just call me Sherlock.

" as depressed solar-panel prices claim another victim."

Here let me fix that statement.

As trying to sell crap that does not work in a practical way claims another victim. There that was easy.

Should be posted under EU's Club-Footed Red-Green Feets?

EUidiots.

Grauniad says: "In a secret document seen by the Guardian,".

>>> Here's the best: "But green groups warned that relying on gas would raise energy prices and fail to tackle climate change, and could fatally stunt the growth of the renewables industry."

...-

"Gas rebranded as green energy by EU"

"Victory for gas lobby as aims of €80bn EU renewable energy programme altered to channel money to 'low-carbon' fossil fuel"

http://www.guardian.co.uk/environment/2012/may/29/gas-rebranded-green-energy-eu

This is good news. Maybe they can start manufacturing something some in Canada can use, like a smart pill for Mulcair.

Solar needs to come down in price to be practical.
Cheapest place to make it is China, so where are those green energy jobs they promised us.
Don't get me wrong, when we have radioactive whales of the west coast its got to be an eye opener.
Maybe solar's not so bad after all but its not ready yet.

Q: How do you become a Millionaire in the Solar business?

A: Start with a Billion dollars

"Depressed solar panel prices" is completely and utterly wrong phraseology.

Before, panel prices were jacked up by stupid and unsustainable government subsidies. With the "green welfare" now gone, suddenly they've plunged to "normal solar panel prices." Excellent!

"Depressed solar panel prices" is completely and utterly wrong phraseology.

Before, panel prices were jacked up by stupid and unsustainable government subsidies. With the "green welfare" now gone, suddenly they've plunged to "normal solar panel prices." Excellent!

"Gee,I wonder if someone INSIDE made lots n' lots of money off the suckers.

Hope so." dmorris

Yeah! Judging by my Mutual Fund performances, looks very probable! :>(

Dummies. Should have headquartered in Korea.
Dildo McDinky would've kept them up and runnin'

...a decline in government subsidies you say..???

Gee, that's too goddamned bad.! I could give a Sheet about government subsidies..in fact they should be illegal. At no point in recorded history has any government shown any capability in backing a potentially profitable operation. But then, why would they need to right.??

Politicians: Ignorant thieving self serving bastards - every one of them.

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