Polar Power Inc (POLA)

[familymatters]

what stop loss would u suggest as an experienced trader

[cjstocksup]

I made huge money in POLA on todays move so I did pull most off the table here near $4.40. I still think some large investor group is running it and it can have a lot more upside if they hold and get the options traders in trouble. So much fun. Congrats that you finally made some $$$ you have been patient.

You might be correct about this going to $5. But I've been white-knuckling a massive loss in this stock, watching it slide all the way down to $1. I started buying it at over $5, and cost-averaged down to $3 and change -- but with a boatload of shares.

Well, I just went through all my brokerage accounts and sold every last share at $4 (plus or minus a few cents). Sold em all.

AND MADE A FREAKING PROFIT!!!!!!!!!!!

Wow. That was some freaking white knuckling, but it paid off.

Wadi

[$treet $inatra]

Wowza volume day here $POLA

[wadirum1]

You might be correct about this going to $5. But I've been white-knuckling a massive loss in this stock, watching it slide all the way down to $1. I started buying it at over $5, and cost-averaged down to $3 and change -- but with a boatload of shares.

Well, I just went through all my brokerage accounts and sold every last share at $4 (plus or minus a few cents). Sold em all.

AND MADE A FREAKING PROFIT!!!!!!!!!!!

Wow. That was some freaking white knuckling, but it paid off.

Wadi

[whytestocks]

News: $POLA Top Penny Stocks To Buy For Under $3.50

Are These On Your List Of Penny Stocks To Watch? What are penny stocks ? Seriously, if you’re reading this article, what’s your definition of penny stocks ? Is it based on something you personally stick to or is it based on the standard definition? If you’re like me, I l...

Got this from POLA - Top Penny Stocks To Buy For Under $3.50

[cjstocksup]

That is why POLA could see $5.00 today. Bottom line most o todays volume was options trading puts and calls. The low float would be so easy to take up on those traders.

There are only 10M shares outstanding.

CEO owns 5.5M.

Other insiders own about another 1M.

Then there are some index funds that aren't selling. And some other institutions. And a bunch of people who salted away 1K or 2K shares in hopes it grows over the long term.

There is no way there is more than maybe 3M shares that are in play on this stock.

So, 3M shares that are changing hands, and yet the volume today is 75-FREAKING-MILLION-SHARES. That is each share that is in play changing hands 25 times. Or maybe a whole lot of shorting to increase the effective float? This is starting to become a real head scratcher. Wash trading?

[wadirum1]

There are only 10M shares outstanding.

CEO owns 5.5M.

Other insiders own about another 1M.

Then there are some index funds that aren't selling. And some other institutions. And a bunch of people who salted away 1K or 2K shares in hopes it grows over the long term.

There is no way there is more than maybe 3M shares that are in play on this stock.

So, 3M shares that are changing hands, and yet the volume today is 75-FREAKING-MILLION-SHARES. That is each share that is in play changing hands 25 times. Or maybe a whole lot of shorting to increase the effective float? This is starting to become a real head scratcher. Wash trading?

[wadirum1]

And just like that, I'm back in the green.

Wow.

[crudeoil24]

DC solar hybrid power systems > THAT'S THE TICKET!!!!!

POLA

[BooDog]

Shorts are taking notice. No news? Why is this bustin a move?

Robinhood group?

HOD 3.50 so far.

[cjstocksup]

POLA should run hard into the close ahead. That is where it will be fun. I would not be surprised to see a fast run over $4.00 soon then $5.00 before the close now after the way we traded so far today.

[crudeoil24]

Marco Pola > $$$$$

[wadirum1]

Some fast money has moved on. I saw one Twitter poster patting himself on the back for grabbing some and then selling it for a 4 percent gain.

But now we are seeing people continue to grab large blocks.

[cjstocksup]

Something is up. POLA should see $5.00 to $7.00 soon on the charts this week if this keeps up maybe even $10.00 if some real investors are involved in this huge volume move up.
JMO

[wadirum1]

And if someone with deep pockets decides to own POLA's technology, the sky is the limit.

I'm going to hang onto my shares for awhile.

[cjstocksup]

I have not seen any groups on POLA this seems bigger to me. We will see. Like I said I am betting on this run going over $5.00 and more if there is news. There were a lot of puts and calls placed to today you can tell by the trades in between the bid and ask. If longs take over this tiny float here POLA could run hard over $5.00 plus soon on the charts IMO. If any group like this one you mentioned below got on POLA they could run the low float here to $10.00 IMo.

Well, I figured that there would be a bunch of sellers as the hot money moves on to the next StockAuthority pick.

[wadirum1]

Well, I figured that there would be a bunch of sellers as the hot money moves on to the next StockAuthority pick.

I guess the next few days will depend on who is left holding these shares -- and how many people shorted it up there at the top.

Oh well, I'm hearing good things, so this one will be okay. It isn't as though EVs are going away any time soon. And in the right hands, this company could be a gold mine. All it needs is some more scale to help on getting product to market.

[wadirum1]

From the 10Q:

Our Chairman, President, Chief Executive Officer and Secretary, Arthur D. Sams, beneficially owns approximately 55% of our outstanding shares of
common stock.

So, the float has now churned 10X today.

And if you pull out all the shareholders in the float who are not going to even know about this move until they check their stocks this evening, I'd say the effective float has churned 20X or 30X.

This is pretty darn remarkable. The power of Twitter combined with a company that really could take on the world (or at least get up to $5 or $10 in a buyout scenario).

[cjstocksup]

Whoever is buying up the low float shares and the reason POLA is running will want to see $5.00 plus soon IMO.

[wadirum1]

Welcome!

Things are usually a bit sleepy around here. My guess is that this will come back down to earth a bit by the close today. But there is no reason it couldn't keep going up to $5.

The basic problem here -- but also the greatest opportunity -- is that this company is just too darn small. They have the best technology for back-up power generation or EV generation. High efficiency. Really low maintenance. But they do not have the scale to really sell their products.

I think they are a buy-out candidate. Yes, we are in a pandemic. But there are plenty of companies with the extra $50M or $80M that it would take to buy them out. And the CEO is not getting any younger. I think his dream is to see POLA really hit the big time. If he cannot do generate enough sales on his own, he is going to do what it takes to make that happen. Either by buyout or organically or on a speculative run, this will hit $7 within the next 2 years. That is a pretty good return in my book.

Wadi

[wadirum1]

I think you might be right.

And yet we've all been sitting here for years thinking "There are serious threats to the US electric grid and many other things" So, I guess this is some combination of a whole lot of people keeping their eye on it and then the earnings acting sort of like a starting gun as everyone races to get in?

Lots of buzz on Twitter. Maybe that explains how we have churned about 5X through the float, despite most of the shares being held by dolts like me who are just getting their coffee.

[cjstocksup]

Investors who own POLA have never posted on I Hub. This is big money and look at what the company does and the problems we have in the US and the world with threats and you know why we are running. I love the SS here. I think we could get a bigger run 9n the days ahead out of this. I did not post here ever until a bit ago when I got up and saw one of my big boards up huge.

[$treet $inatra]

BOOM up 100% just like that $POLA

[cjstocksup]

There are serious threats to the US electric grid and many other things that are all reasons POLA is finally moving. We could move for days ahead.

POLA > Polar Power, Inc. (Polar Power) deigns, manufactures and sells direct current (DC), power generators, renewable energy and cooling systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle charging, marine and industrial. The Company's systems provide energy to service applications that do not have access to the utility grid (such as off-grid applications) or have critical power needs and cannot be without power in the event of utility grid failure (such as back-up power applications). The Company's product offerings include DC base power systems, DC hybrid power systems and DC solar hybrid power systems. Polar Power’s DC power systems are available in diesel, natural gas, liquefied petroleum gas/propane and renewable formats, with diesel, natural gas and propane gas being the predominate formats.

[wadirum1]

What the heck? POLA has now traded about FOUR TIMES ITS O/S.

[wadirum1]

Jeez, POLA manages to double and yet there's nary a peep on this board.

Luckily, the investment community outside of IHUB sees something to like...

[wadirum1]

Cannot be a pump. From what I can quickly see from the IHUB chart there are million-share trades happening.

Maybe a major fund buying in based on news (we haven't seen) of major orders?

Maybe a takeover? What if Elon Musk is buying this sucker? I mean, why not? He is all about technology, and from everything I have heard POLA remains the state of the art.

Just dreaming a bit -- but you can hardly fault me when there are mega-share buys happening.

[wadirum1]

Apparently there is a lot of excitement within the company. Don't know anything specific, but clearly somebody knows things -- and is buying based on that information -- while the rest of us are left to wonder what the heck is going on.

POLA has shattered its 200-day MA. And the volume is really breathtaking.

Nice to see those huge red numbers in my account balance shrinking so quickly!!

[worthylion]

Or just being swept up with all the battery/alternative power
plays?

[worthylion]

Maybe a pump someplace?

[wadirum1]

POLA crossing its 200-day moving average in heavy pre-market action. Glad I held -- though not yet glad I bought this crap to begin with...

[wadirum1]

POLA moving back up. For all of his problems, Sams has shown he can survive.

Still no great news on orders, and still no movement on selling the darn company, but I'm hearing things are fine on the survival front and the price is starting to look much better.

I'm still down, but by much less than I was (which was a ton).

Wadi

[wadirum1]

A birdie told me there are some good things happening at the company. Seems to be reflected in the volume we are seeing recently.

Just a shame the company isn't more public with their good news. Perhaps there are folks selling now because they don't see what the folks closer to the company already know.

Oh well. Glad I held!

[barnyarddog]

https://polarpower.com/products/

[wadirum1]

50-day MA curling up, and POLA is trading above it for the first time in a long time.

Sure would be nice to see them sell to a larger company.

[ebase22]

Annual report out. They did less than $1 mil in sales in Q4. Even by Pola standards, q4 was a disaster. And they can’t even blame that on Covid. There’s no way they can honestly say at the time of the lass earnings call that they had no idea that the present quarter was going to be their worst yet.

And more talk of never ending “temporary” setbacks. They got that PPP loan a couple weeks ago for 1.7 million. But they have to be teetering on insolvency right now. Their auditor now lists them as a “going concern” and annual report says they have resources to operate through about September.

[wadirum1]

Highest volume day in over 2 years. Major up move. I'm holding. This sort of thing doesn't happen by chance. Someone knows something good, and Sams just isn't investor-friendly enough to let his shareholders in on the secret.

[ebase22]

Maybe it will be a bad move in hindsight, but I just unloaded more today, so now only holding a small position. There are a lot of risky stocks sight now that could double or triple right now. And I’d prefer to put more money on ones beat down by the lockdowns but have management I trust then the other way around.

This has been an expensive lessen that solid product and strong balance sheets are still no match for poor management.

[wadirum1]

I wonder if someone knows something good about POLA? Appears to be a good bit of buying pressure.

Maybe Sams finally is seeing the light and selling to a larger company or at least doing some joint ventures so as to get the product in front of potential buyers. They teamed up for the military prototypes. Why not sell the company to one of the companies they were working with...?

[ebase22]

Shockingly this held up pretty well today. I feel at this point this is a binary outcome. Either they are heading towards massive dilution/or chapter 11 or they are going to reveal that they can survive the next 6 months and this jumps at least past book value.

It’s a double or nothing play right now.

[wadirum1]

I think I might just be done trying to pick stocks. I really suck at it. I've had some huge successes. But lately I've not really spent enough time on it to have success.

Then again, I totally nailed the bear market, going from about 95% stock to a bit under 40% stock in the first week of Feb. That was vastly more important to me than my foolishness in buying POLA.

So, I'll gradually ease out of POLA, and head even more fully toward mutual funds.

I really like Janus 40. Gotta go with large cap. And of course Index 500.

But we have not seen the bottom yet. Our country lacks the key 3 ingredients that worked in other countries (masks, testing, and early action by clear-thinking leaders to shut things down when shutting them down was feasible). We have our fingers crossed that we have the same outcomes as in the countries that had those tools, but crossing fingers isn't going to really work. Turns out the anti-government, anti-elite, anti-book-larnin folks were wrong. And the folly of the idiots they elected is going to cost us all.

But in the meantime, cash is king. And Sams is a fool for not having sold POLA to a larger company. But I'm the larger fool for having invested in him.

Wadi

[southacresdave]

FYI for what it's worth.........On Glassdoor someone just left a review dated March 26th that says the are an "ex tech". They said they worked there for 3 years and are now out. I don't doubt that layoffs are happening


I worked at Polar Power full-time for more than 3 years

Pros
Good fellow Technicians that worked well together

Cons
Low Pay, and need to modernize everything about the company

[ebase22]

Has anyone ever had any success getting a real response from their IR or the company itself?

Because even if the annual report it’s complete, nothing is stopping them from issuing an 8k/PR updating on their current situation. If we stay in silent mode, everyone will assume imminent insolvency.

If that isn’t true, we need to know:

1. Roughly their current assets at the moment and how many months that is expected to last then.
2. Do they intend to pursue a line of credit backed by their inventories and/or apply for the newly passed government loan/grant programs?
3. Are the execs going to cut/defer their own salaries?
4. What is known about the tier 1s? Are they, as far as they know, still intending to place orders when this passes?

Silence will be a killer. Share price will be rewarded for transparency. And if they did eventually have to do a second offering, doing it at or above book value is massively better than at 50% book value. You’d think Sams who owns half the firm would understand that.

[ebase22]

I guess the hope is that they are putting in the risk factors because the lawyers, and what they end up doing is either secure a loan off of their big build up in inventory and/or apply for the new government lending programs, some of which will turn into a grant if they maintain payrolls.

But if they are going to eventually issue shares, you would think they would want it done at or above book value, not at 40% of book value. These guys need to put out some kind of information of what the actual status is at the moment, what their cash position is, and what lending civilities they intend to pursue.

If they stay in silent mode, this thing could be 50 cents in short time and then they are going to act all confused on the next conference call on why that is.

[southacresdave]

Doesn't look good

I think the 8K filed pretty much made it clear that they will be needing to raise cash to stay afloat---if they even can. It'd have to be at sub $1 and then that will cause a reverse split in time (with I'm sure executive options repriced as is typical). They may get loans, but that doesn't do them much good if there aren't orders. There is minimal business for Q1 and that's after a bad Q4 and Q2 will be zero to start for April for sure and into May. As such, their cash levels will be dangerously low. The next problem, if and when a rebound in the economy happens (probably longer than anyone expects) is that their auditor will label them a going concern which will limit companies wanting to do large orders with them. Purchasing managers won't get fired for buying from Generac, but they may get questioned hard for recommending POLA if their finances are shaky.

Arthur kept saying they wouldn't build up manufacturing without the demand, yet he did just that and now is sitting on too much inventory, no plant running, and not enough cash to wait it out.

Sorry.

Even $1 for your shares is better than nothing if you can get out. I'd rather wager/gamble/risk that on some crazy move in a virus stock (or like the REIT that got beat down and rebounded 500% the next day) then hope POLA comes back.

[ebase22]

Another "temporary setback". But "we've never been more excited." [no insider buying after blackout period ends]

[worthylion]

I'm expecting: " We were on the verge of hitting it out of the park but were stalled by the CV"

[ebase22]

Guess we're going right down the wire.

[southacresdave]

A few years ago----the spring after they IPO'd---they had that really bad Q1 report when it became obvious Verizon orders were drying up. They put out an earnings report notice on Thursday and did the earnings and cc call on a Friday afternoon. I could see them doing that again.

[wadirum1]

I suspect you are correct. However, they have had some pretty lame quarters where they still gave us a heads up on timing of the CC. According to your logic, this would have to be much worse than usual.