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Enter Symbol
or Name

QSolar Ltd
Symbol QSL
Shares Issued 74,048,912
Close 2015-03-19 C$ 0.045
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QSolar's Stockhouse dispute looks to be over

2015-03-30 11:20 ET - Street Wire

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by Mike Caswell

It appears that a lawsuit in the Supreme Court of British Columbia that would have revolved partly around the value of Stockhouse Publishing Ltd.'s advertising services will never go to trial. The advertising client, QSolar Ltd., has discontinued its operations and its law firm has quit the case. Although the matter is still technically active, no hearing is scheduled.

QSolar had complained that it purchased Stockhouse's "Top Campaign Package," which supposedly boosted stocks by 400 per cent. In reality, the company's price and volume did not improve. The reason, according to QSolar, was that the advertising campaign was poorly executed by Stockhouse. The campaign began late and once it was under way it accomplished little, the company said.

The case never made it before a judge, and it now seems unlikely it ever will. On March 20, 2015, QSolar issued a news release in which it said it was discontinuing its business, citing a lack of financing. The company, which made solar panels in China, dismissed all of its employees that same day. Days later, on March 25, 2015, the company's law firm filed a notice of intention to withdraw from the Stockhouse case.

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