Monday, March 12, 2012

SLMU - Hits $.65 Closes at $.62, Was On The Blog At

This is what SLMU's chart looked like on my blog in the post entitled "SLMU More Gains Ahead?"  At the time the stock was trading hands at $.035.  A few days earlier I posted in my forum about SLMU when the stock was at $.015.  Today SLMU hit $.65 a share and closed at $.62.  Those lucky enough to get in low are sitting on some very impressive percentage gains.

My intial  SLMU post

This is SLMU's chart before the rally last month when I wrote my initial post on the stock:

This is what SLMU's chart looks like after today's close, those choppy candles in the $.015-.03 range are long gone:

Here is the news I posted in my forum when the stock was at $.015:

Salamon Issues $5 Million Convertible Secured Notes to Radiant Funds and Haverstock Fund GlobeNewswire "Press Releases"
LAS VEGAS , Feb. 16, 2012 (GLOBE NEWSWIRE) -- Salamon Group Inc. (OTCQB: SLMU) ("Salamon" or the "Company") announced today that it has issued a $5,066,745 secured convertible note to Radiant Offshore Fund Ltd. and Radiant Performance Fund Ltd. and $444,747 to Haverstock Master Fund Ltd. As a result of the above transaction Salamon is now the only secured creditor of ARISETechnologies Corp.

About Salamon Group

Salamon Group Inc. , through its Sunlogics Power Fund Management Inc. division, is a solar energy project company specializing in renewable energy power projects. It is a project-acquiring partner of Sunlogics Plc and its Subsidiary as well as other third party project developers. About ARISE. ARISE Technologies Corporation, based in Waterloo, Ontario , is dedicated to becoming a leader in high-performance, cost-effective solar technology. ARISE is engaged in the development of proprietary technologies for the manufacture of high-efficiency photovoltaic (PV) cells from the production of lower-cost 8N+ high-purity silicon for PV cells the ARISE technology has been proven in the R&D stage with cost estimates of sub Fifteen Dollars ($15) a kilogram for scaled production cost. ARISE also provides turnkey PV solutions for solar farms and rooftop installations.

This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "expects," "plans," "estimates," "intends," "believes," "could," "might," "will" or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Salamon Group Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in Salamon Group Inc.'s most recent Annual Report as filed on EDGAR at The risk factors identified in Salamon Group Inc. Annual Report are not intended to represent a complete list of factors that could affect Salamon Group Inc. Accordingly, readers should not place undue reliance on forward-looking statements. Salamon Group Inc. does not assume any obligation to update the forward-looking information contained in this press release.

CONTACT: Michael Matvieshen

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