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DayStar announces agreements to extinguish approximately $1 million of outstanding debts
October 22, 2010
By: DAVID SAVASTANO
Editor, Ink World Magazine
DayStar Technologies, Inc., a developer of solar photovoltaic products based on CIGS thin-film deposition technology, announced agreements to extinguish approximately $1 million in outstanding debts. Socius CG II, Ltd. has entered into agreements with 14 of DayStar’s vendors pursuant to which Socius purchased approximately $1 million of the aggregate amount of debt, and then settled the resulting amounts owed in exchange for free-trading shares of DayStar’s common stock. DayStar CEO Magnus...
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