Run of River Power Inc V.ROR

Green Energy merger

[icky8]

It was nice to see a recent Merger between Plutonic Power and Magma Energy,announced April 28th.It bodes well for our little company.At a measley Market Cap of only $10 million our company could easily be swallowed by a bigger fish.Once the PP is closed the handcuffs will be off.My gut tells me that there will be big news following the PP.We are seriously under valued!Do some research into some of the other companys in the Green Energy space and you will see what I mean.
Management and Insiders have $Millions of their own money invested here. I am not selling a share until they do.

[smoking81]

Insiders have no experience running companies and have just had to write off millions in bad projects. This company has never made a profit and others are just waiting for the last gasp before picking up the spoils. They can sell off the last bits at hopefully a bit more than the last placement but why did it take so long to close if it was such a good deal. I think this is the last attempt to

[smoking81]

In January 2011, the Corporation issued $1.2 million non-brokered private placement of unsecured debenturesOn April 14, 2011, the Corporation announced a non-brokered private placement of up to 16,666,667 units of the Corporation (the “Unit”) at a price of .09 per unit. The new units just barley cover the debentures and there probaly is a requirement of the loan on brandywine to put in more money

[smoking81]

At September 30, June 30 and March 31, 2010 and for three of four quarters in 2009, the Debt Service CoverageRatio was less than 1.00:1. Pursuant to the Loan Agreement, the Company has notified its lenders of this event ofdefault and has received a waiver subsequent to each period. This company needs to pay at least $1M each year in filing fees to stay compliant so that it can continue to be