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Sources, documents suggest government-subsidized Abound Solar was selling faulty product
thedailycaller.com ^
| 10/2/12
| 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
1
posted on
10/02/2012 11:47:17 AM PDT
by
ColdOne
To: ColdOne
"...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
2
posted on
10/02/2012 12:53:31 PM PDT
by
TurboZamboni
(Looting the future to bribe the present)
To: ColdOne
Our solar modules worked as long as you didnt put them in the sun,LOL
3
posted on
10/02/2012 1:32:09 PM PDT
by
razorback-bert
(I'm in shape. Round is a shape isn't it?)
To: ColdOne
I’m shocked, just shocked.
4
posted on
10/02/2012 1:58:36 PM PDT
by
super7man
To: ColdOne
5
posted on
10/02/2012 2:48:17 PM PDT
by
lowbridge
(Joe Biden: "Look, the Taliban per se is not our enemy.")
To: razorback-bert
Disclaimer. Warning.
Solar panels only to be used at night.
6
posted on
10/02/2012 2:49:59 PM PDT
by
tet68
( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
To: super7man
Im shocked, just shocked. Apparently, with Abound's panels, you wouldn't be shocked. :=)
7
posted on
10/02/2012 2:56:07 PM PDT
by
Bob
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