Wednesday, April 08, 2015 5:02:57 PM
Nothing solid yet, but they are at least making the effort to communicate. Also if you notice in the 10-K annual report the last 4 filings relate to the Sarbanes-Oxley Act for which OTC stocks do not have to comply. The fact they are trying to meet those requirements (which is pricy), must mean they see an opportunity to move on up. I'm hopeful this is a sign of a change in how they interact with share holders. Who knows maybe they will even schedule a CC....
Buried in the annual report is "In January 2015, we received a $250,000 advance from the 5% owner of UPT." The 5% owner of UPT wouldn't of done that unless they saw that money as an investment into a making a large profit. HPEV probably needed the cash because they haven't been able to access the LPC 10 million at all yet. But it shows that UPT is still backing them.
I'm very pleased that the letter to shareholders rings true with all the breadcrumbs they have been leaving in the quarter reports and it sounds like progress is being made (referring to the previous guidance that licensing would only be done after OEMS had their new products fully tested and approved and their manufacturing facilities updated to produce the product).
Now, back to the waiting game, but it sure was nice to be acknowledged as existing by management.
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