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Sources, documents suggest government-subsidized Abound Solar was selling faulty product
| Michael Bastasch
Posted on 10/02/2012 11:47:12 AM PDT by ColdOne
Internal documentation and testimony from sources within Abound show that the company was selling a faulty, underperforming product, and may have mislead lenders at one point in order to keep itself afloat.
Our solar modules worked as long as you didnt put them in the sun, an internal source told The Daily Caller News Foundation.
The company knew its panels were faulty prior to obtaining taxpayer dollars, according to sources, but kept pushing product out the door in order to meet Department of Energy goals required for their $400 million loan guarantee.
(Excerpt) Read more at dailycaller.com ...
TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: abound; globalwarming; patstryker
posted on 10/02/2012 11:47:17 AM PDT
"...selling a faulty, underperforming product, and may have mislead lenders at one point in order to keep itself afloat. "
Sounds like our entire federal gubmint
posted on 10/02/2012 12:53:31 PM PDT
(Looting the future to bribe the present)
Our solar modules worked as long as you didnt put them in the sun,
posted on 10/02/2012 1:32:09 PM PDT
(I'm in shape. Round is a shape isn't it?)
I’m shocked, just shocked.
posted on 10/02/2012 1:58:36 PM PDT
posted on 10/02/2012 2:48:17 PM PDT
(Joe Biden: "Look, the Taliban per se is not our enemy.")
Solar panels only to be used at night.
posted on 10/02/2012 2:49:59 PM PDT
( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
Im shocked, just shocked.
Apparently, with Abound's panels, you wouldn't be shocked. :=)
posted on 10/02/2012 2:56:07 PM PDT
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