OTCMAGIC

Satcon Technology Corp. (PINK:SATCQ) Explodes on the OTC

OTCMAGIC always tells it like it is!

 
Repost This

Las Vegas, NV -- (SBWIRE) -- 11/02/2012 -- Satcon Technology Corp. (PINK:SATCQ) used to trade on the NASDAQ as high as $44.75 per share and was the recipient of a $3 million DOE grant back in January of this year as well as several smaller federal payments for various solar initiatives at DOE.

Since declaring Bankruptcy the stock has traded on the PinkSheets in a range between $0.20 and $0.30 on moderate daily trading volume.

Steve Rhoades CEO and President stated "This has been a difficult time for Satcon After careful consideration of available alternatives, the Company’s Board of Directors determined that the Chapter 11 filings were a necessary and prudent step, allowing the Company to continue to operate while giving us the opportunity to reorganize with a stronger balance sheet and capital structure.”

To find out more about SATCQ and what OTCMAGIC projects for Satcon Technology Corp. both short term and long term please go here: SATCQ

OTCMAGIC Spends all day scouring the markets for the next huge Penny Stock Winner. Investors have come to trust us for our up to date commentary on all hot stocks so please visit OTCMAGIC right now and see what it’s all about for yourself! At 30,000 Visitors a Month and growing rapidly OTCMAGIC is the hottest thing in Penny Stocks!

Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: OTCMagic.com employees are not registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read at http://OTCMagic.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold OTCMagic.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. OTCMagic.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCMagic.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCMagic.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. OTCMagic.com, nor any of its affiliates are not registered investment advisors or broker dealers