Go Solar USA, Inc. (PINK:GSLO) stock price is forming yet another uptrend after the company signed distribution and profit sharing agreements with the Chinese company Yosion. Go Solar already filed an application to acquire the Apple Peel 520 trademark.Following the profit sharing agreement, the company will get 5% of the future net profits of Yosion. To acquire this right, however, Go Solar will have to pay Yosion $5000 per month for the coming half a year.
The company’s CEO claims to have acquired 100 units of the finished product and to have brought them into the USA for evaluation. Through their cooperation with Yosion, the company has also acquired the right to distribute Apple Peel in North America over the next three years.[BANNER]
Yesterday’s strong buying pressure and a decisive break through the 50-day MA provides backbone for further appreciation. The price had hit as high as $1.10 per share in September, and this level could be duplicated as the company gets closer to recording their first income. However, it’s still too early to consider the stock as a long term investment due to the troublesome financial situation of Go Solar.
The company officially develops the Apple Peel 520 product, which should turn an iPod Touch into a fully capable mobile phone at a cost as low as $60. Go Solar also runs a couple of subsidiary companies. One of them should be developing autonomic chargers for iPhone, which would use the energy of Wireless Local Area Networks. Further, the company aims at creating solar stand-alone air heating systems.
