Sudden and explosive, yet typical for Sunvalley Solar Inc (PINK:SSOL) – shock on the market, sparkled by exceptionally optimistic news. Yet, this is still a pink sheet; thus, attention to detail is what counts most, especially when the initial hype is gone. Just like in January. 
It was in this first month of the year when the stock had similar performance to that from yesterday. Back then, the share price quadrupled in a matter of days. Yesterday, it almost reached 100%, the session closing at $0.015 per share. More than 100 million shares exchanged hands, but this trading hype was not solely due to the news at hand. There was promotional activity as well. So, what comes next?
Back then, after the January hype, this is what happened:
“Ineligible for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11“
Not a good end of the positive stock performance. Nevertheless, lets get back to the news at hand. So, Sunvalley Solar has signed a solar installation contract with a company in Chino. A large system size contract, the first commercial solar power system installation one. The total contracted value – $1.5 million. The installation for this system will begin in July this year. Great news. But what happened to the “all-booked” status? Back in April, the company announced that the installation team is now fully booked for 2011 installation contracts. Does that mean that other clients would have to wait for 2012 for their installations?Or is it just possible that the team was not that “fully booked”? [BANNER]
Whatever the answer is, consistency in press releases is still a lost cause. At least the financial statements of the company look fine, given that they are for a pink sheets enterprise. The net loss still exists there as a warning sign, but if at least half of what the company announced as signed contracts transfers into revenues in the next financial statements, then there would be no need for promoters and incredible announcements. Whether the above would happen, is another matter entirely.
