Even stranger is that is not who they told me was buying them out, it was another inverter manufacturer.
Big in the RV / Coach market. Seems like it was Dimensions or something like that. Unless they were just flipped? Every company with stockholders will become "tax dodgers", at least till we get the crippling taxes lowered to a reasonable rate. Even Burger King is moving, and it will continue till none are left. Bob Ellison From: RE-wrenches [mailto:re-wrenches-boun...@lists.re-wrenches.org] On Behalf Of frenergy Sent: Sunday, September 07, 2014 10:46 AM To: RE-wrenches Subject: Re: [RE-wrenches] Magnum Energy sold to tax dodger Bill, Interesting because at InterSolar in SF this June, they were still bragging about being made in the USA. I guess you'd want to right up until: "Another one bites the dust" (there's a song isn't there?) It's getting terribly lonely out there for a US made offgrid inverter. Bill Feather River Solar Electric ----- Original Message ----- From: Bill Hennessy <mailto:b...@berkssolar.com> To: RE-wrenches <mailto:re-wrenches@lists.re-wrenches.org> Sent: Sunday, September 07, 2014 6:47 AM Subject: [RE-wrenches] Magnum Energy sold to tax dodger hey wrenches, I suppose it's old news to you West Coasters, but saw yesterday that Magnum inverters has been sold for $60 million to a Mitt Romney conglomerate that shifted to the Netherlands to avoid paying US taxes. The new owner, Sensata, touts its "integrity" and comes with a rep of moving jobs to China. SEC Info - Sensata Technologies Holding N.V. - 10-Q - For 6/30/14 - R22 <http://www.secinfo.com/d1d2W1.n1v.14.htm#1stPage> <http://www.secinfo.com/d1d2W1.n1v.14.htm#1stPage> SEC Info - Sensata Technologies Holding N.V. - 10-Q - For 6/30/14 - R22 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 1 <http://www.secinfo.com/d1d2W1.n1v.14.htm#1stPage> View on www.secinfo.com Preview by Yahoo http://finance.yahoo.com/news/tax-dodge-used-bain-escapes-040100235.html <http://finance.yahoo.com/news/tax-dodge-used-bain-escapes-040100235.html> image <http://finance.yahoo.com/news/tax-dodge-used-bain-escapes-040100235.html> Tax Dodge Used by Bain Shifts U.S. Firms Abroad Without ... While its top executives are still based in Attleboro, Massachusetts, it's now known as Sensata Technologies Holding NV (ST) of the Netherlands. Treasury Department... <http://finance.yahoo.com/news/tax-dodge-used-bain-escapes-040100235.html> View on finance.yahoo.com Preview by Yahoo Bill Hennessy Berks Solar, LLC 371 Centennial Rd Mertztown, PA 19539 o 610 682 4300 c 484 560 4666 NABCEP certified installer PA contractor #44411 www.berkssolar.com _____ _______________________________________________ List sponsored by Redwood Alliance List Address: RE-wrenches@lists.re-wrenches.org Change listserver email address & settings: http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org List-Archive: http://www.mail-archive.com/re-wrenches@lists.re-wrenches.org/maillist.html List rules & etiquette: www.re-wrenches.org/etiquette.htm Check out or update participant bios: www.members.re-wrenches.org _____ No virus found in this message. Checked by AVG - www.avg.com Version: 2014.0.4745 / Virus Database: 4015/8148 - Release Date: 09/03/14 _____ No virus found in this message. Checked by AVG - www.avg.com Version: 2014.0.4745 / Virus Database: 4015/8148 - Release Date: 09/03/14
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