SGLN - SurgLine International Inc (old CNUV) - Page 2

.05x.054

Hi,

This is certainly a very good solar energy company... They are even updated with all the modern amenities...

I've been doing some DD on CNUV lately and it looks as if the company is trying to re-assert itself and continue pushing forward. Definitely worth putting on radar, at least.

$CNUV Releases a PR on its debt restructuring to further future business opportunities! Read here: http://bit.ly/h2PEyd

CNUV NEWS OUT!

 

 

WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- China Nuvo Solar Energy, Inc. (OTCQB: CNUV) outlined today its financing plans regarding the previously announced planned acquisition of Freya Energy, Inc. The Company is presently focusing on lenders and institutional investors for financings meeting the criteria that they be substantially non-dilutive and non-toxic to existing shareholders. The Company is currently in discussions with two groups that would provide up-front purchase order financing and has received strong indications of interest. It is also in discussions with several institutional investors for transactions contemplating the purchase of restricted stock. The Company anticipates it will seek an aggregate of approximately $2 million over the first twelve months to finance the Freya operations.

 

While the Company has received strong indications of interest and is presently negotiating term sheets, no agreements have been executed and there is no assurance that any transaction will be completed with respect to any of the financing alternatives.

About Freya Energy

 

Freya is a producer of safe large format lithium ion cells and batteries for demanding applications. Freya believes its proprietary separator provides greater safety than competitive products and provides a higher energy density than others on the market.

About China Nuvo Solar Energy

 

China Nuvo Solar Energy, Inc. is a development stage company that owns unique patent-pending solar and photovoltaic related technology. The Company's business model includes a roll-up strategy of clean energy companies and intellectual property within the renewable energy sector.

 

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

 

 

 

CNUV NEWS-China Nuvo Solar Moves to Secure Financing for Freya Energy


China Nuvo Solar Energy, Inc. (OTCQB: CNUV) outlined today its financing plans regarding the previously announced planned acquisition of Freya Energy, Inc. The Company is presently focusing on lenders and institutional investors for financings meeting the criteria that they be substantially non-dilutive and non-toxic to existing shareholders. The Company is currently in discussions with two groups that would provide up-front purchase order financing and has received strong indications of interest. It is also in discussions with several institutional investors for transactions contemplating the purchase of restricted stock. The Company anticipates it will seek an aggregate of approximately $2 million over the first twelve months to finance the Freya operations.

While the Company has received strong indications of interest and is presently negotiating term sheets, no agreements have been executed and there is no assurance that any transaction will be completed with respect to any of the financing alternatives.

About Freya Energy

Freya is a producer of safe large format lithium ion cells and batteries for demanding applications. Freya believes its proprietary separator provides greater safety than competitive products and provides a higher energy density than others on the market.

About China Nuvo Solar Energy

China Nuvo Solar Energy, Inc. is a development stage company that owns unique patent-pending solar and photovoltaic related technology. The Company's business model includes a roll-up strategy of clean energy companies and intellectual property within the renewable energy sector.

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.


http://ih.advfn.com/p.php?pid=nmona&article=47080135&symbol=CNUV

 

Looks to me from the PR, "Non Toxic and Non Dilutive" These guys are going to let the stock GROW as much as they can....

CNUV, Ask side seems thin...opinion?

Total Volume Total Sales # of Sales Average PPS
2,554,950 $10,216.73 32 $0.00400

Price Shares Total $ % of Total Vol
0.0036 43,000 $154.80 1.68%
0.0037 589,400 $2,180.78 23.07%
0.0038 91,501 $347.70 3.58%
0.004 229,499 $918.00 8.98%
0.0041 1,110,550 $4,553.26 43.47%
0.0042 491,000 $2,062.20 19.22%

Quick peek at the filings, a nice size insider ownership.

 

Name Shares Held Position Value Percentage of
Perkins Capital ... 28.7M $48,862 +36% 5.6% Low
Mills (Wayne W) 25.7M $59,103 +33% 5.0% Low
Gulfstream ... 17.9M $41,241 +23% 3.5% Low
Fong (Henry) 4.8M $11,109 +6% 0.9% Moderate
Hollander (Barry S) 1.6M $3,701 +2% 0.3% Moderat

I noticed the insiders MM, very interesting, especially Perkins Capital...

 

CNUV BIO's Perkins - Heavy Hitter:

BOARD MEMBER: Richard W. Perkins.
Mr. Perkins has over 50 years experience in the investment business, has been President and Investment Manager for Perkins Capital Management since October 1994. Perkins Capital Management, with assets under management exceeding $248 million, is a registered investment advisor with significant experience in individual and institutional capital management including working directly with the public markets emphasizing the micro-cap sector. Mr. Perkins is also a director of several public companies including: Synovis Life Technologies, Inc. since 1984, Nortech Systems, Inc. since 1993, Lifecore Biomedical, Inc. since 1972, and Vital Images, Inc. since 1985.

Other Boards Mr. Perkins Sits on PER FILING:

Synovis Life Technologies, Inc. - NASDAQ: SYNO - $16.64 (as of Feb 22, 2011)
Nortech Systems, Inc. - NASDAQ: NSYS - $4.16 (as of Feb 22, 2011)
Vital Images, Inc. - NASDAQ: VTAL $5.15 - (as of Feb 22, 2011)CNUV BIO's Perkins - Heavy Hitter:
 

CNUV Chart:

 

CNUV .0036 Close Today...

 

Someone braging on about a .0045 Short possition on the 'hub'...

 

Commical , gonna love squeezing the pps!

CNUV .0039 x .004

CNUV: Strong Buy. Barcharts.com

 

http://barchart.com/quotes/stocks/CNUV

Goodmorning CNUV

 

Lets see where this week brings us, getting closer to acquisition closing.

CNUV boucing....Love when the ask side is thin.

CNUV .0035 - if this gets big news or big volume shes off..

CNUV, high radar, if she breaks .004 she can run.

Well MM, looks like CNUV holding near .003 but hearing the acquisiton news could be next week