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yea agreed
$PSWW Principal Solar Research Update Now Available from Institutional Analyst
https://www.accesswire.com/748244/Principal-Solar-Research-Update-Now-Available-from-Institutional-Analyst
IA's Second Report Provides Updates on Principal's Heavy EV and Petroleum Market Opportunities
DALLAS, TX / ACCESSWIRE / April 10, 2023 / Principal Solar, Inc. (OTC PINK:PSWW) ("Principal" or "the Company"), a strategic investor in organizations and technologies that support next-
generation opportunities in traditional, renewable, and clean energy sectors as well as an
investor in and operator of undervalued petroleum-producing properties, today announced the availability of an updated research report now available from Institutional Analyst's ("IA's") Alternative Energy Review.
"As part of our ongoing commitment to ensuring our present and future shareholders are up to speed on the Company's activities and opportunities, IA has released the next installment in its compensated research coverage of Principal Solar," said K. Bryce "Rick" Toussaint, CPA, MBA, Chairman and CEO of Principal Solar. "I believe the updated report does an excellent job of describing our markets, provides context for our current opportunities, and clearly articulates a strong case for our approach to building shareholder value. It's a ‘must-read' for our stakeholders in particular and energy sector investors in general."
IA's updated coverage report, "Two Binary Events Rapidly Approaching Principal Solar (PSWW)" can be viewed at https://internetstockreview.com/two-binary-events-rapidly-approaching-principal-solar-psww/.
$PSWW Principal Solar Releases Letter to Shareholders
https://www.accesswire.com/745391/Principal-Solar-Releases-Letter-to-Shareholders
Letter Discusses the Company's Latest Heavy EV and Petroleum Sector Activities; Renewed and Refined Strategic Focus; More
DALLAS, TX / ACCESSWIRE / March 23, 2023 / Principal Solar, Inc. (OTC PINK:PSWW) ("Principal" or "the Company"), a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today released letter to its shareholders from K. Bryce "Rick" Toussaint, CPA, MBA, the Company's Chairman and CEO.
Fellow Shareholders,
I believe 2023 is shaping up to be an exciting year for Principal with a number of major milestones on the horizon, both for the Company and its Portfolio Investments. With strategic agility, market potential, and stakeholder value as its driving priorities, our leadership team has recently taken a close look at our existing partnerships, investments, and joint ventures in order to refine Principal's corporate focus and streamline its activities - and ultimately increase the likelihood of the Company's overall success and profitability.
As a result, we are in the process of divesting Principal of business activities, investments, and relationships that we feel are not in line with our renewed and sharpened corporate focus.
Fortunately, we're already seeing the benefits of this streamlining process in the quality and effectiveness of our new business relationships. Through our recently announced joint venture with Executive Logistics & Transportation ("ELT"), we've been able to focus our efforts on acquiring controlling working interest and assets in the Minerva-Rockdale Oil Field. A major potential win for Principal, this acquisition brings an immediate revenue stream realized from the current production of 200 barrels of oil per day* and huge upside potential with proven reserves of over 4.1 million barrels*, valued at approximately $116,000,000 in today's market.* We plan to immediately begin working to increase daily production to 500 barrels within the first six months of executing our definitive agreement. The Minerva-Rockdale Oil Field is huge - 11,000 gross acres - and in our view, ripe for expansion with mineral rights into two deeper areas with additional oil and natural gas reserves. For further information regarding this project, read our recent press release, here: https://pswwenergy.com/2023/03/15/principal-solar-to-acquire-minerva-rockdale-leases-wells-and-assets/
On the other side of the energy spectrum, our ELT joint venture is bringing opportunities for eTruck Transportation ("eTruck") in the logistics market. Principal is working closely with eTruck to deliver production-ready Class 6 heavy EV trucks for customer evaluation. Class 6 vehicles are mainstays in fleets, used primarily for city, urban, and local ranged deliveries. eTruck, one of Principal's Portfolio Investments, is developing a range of Class 6 and Class 8 heavy electric vehicle conversion solutions in both hybrid and fully electric configurations. eTruck recently released a video update (viewable here: https://pswwenergy.com/etruck-update/) showcasing its new facility as well as its vehicle conversion prototypes. For additional details, visit Principal's eTruck Portfolio Investment page, here: https://pswwenergy.com/etruck-transportation/.
On the business front, we've recently retained a PCOAB auditor and attorney for a possible future S-1 filing, and we're negotiating with an existing PSWW investor for an S-1 equity line in order to provide near-term funding. We've also recently engaged Institutional Advisors, Inc. to provide analyst coverage of PSWW, thereby helping to ensure our current and future investors are up to speed on our progress and fully aware of our market opportunities and value potential. Be sure to visit Principal's newsroom (https://pswwenergy.com/newsroom/) for all of our latest announcements.
With today's strong petroleum markets and the significant and growing customer and consumer demand for cost-effective, heavy electric vehicles, I'm bullish on our prospects for 2023, as I feel we're ideally positioned to deliver maximum stakeholder value on both fronts. I'm glad to have you as a fellow stockholder and look forward to delivering further updates in the coming months.
Onward!
Sincerely,
K. Bryce "Rick" Toussaint, CPA, MBA
Chairman and CEO
Principal Solar, Inc.
*Approximate. As due diligence is ongoing, the final figures are subject to change without notice prior to the closing of the transaction.
$PSWW IA Initiates Analyst Coverage of Principal Solar
https://www.accesswire.com/744604/IA-Initiates-Analyst-Coverage-of-Principal-Solar
Institutional Analyst, Inc. ("IA") to Begin News, Analytical, and Editorial Coverage of PSWW via its Alternative Energy Review Newsletter
DALLAS, TX / ACCESSWIRE / March 20, 2023 / Principal Solar, Inc. (OTC PINK:PSWW) ("Principal" or "the Company"), a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and operator of undervalued petroleum-producing properties, today announced that IA's Alternative Energy Review has been retained to initiate market-specific coverage of the Company.
"Given Principal's positioning as an innovative, emerging player in the alternative energy space, we believe it is crucial that our current stakeholders and potential investors are fully up to speed on market trends and opportunities for Principal's investments and technologies," said K. Bryce "Rick" Toussaint, CPA, MBA, Chairman and CEO of Principal Solar. "To that end, with nearly 30 years of demonstrated excellence covering a wide range of companies in a broad array of sectors, we believe Institutional Analyst is an ideal platform to deliver timely, compelling coverage of PSWW as we as we roll out a number of new initiatives, portfolio acquisitions, and partnerships."
PSWW Initial Coverage Report Now Available
IA's initial coverage report, "New Player in the Electric Vehicle (EV) Market?" can be viewed at https://internetstockreview.com/new-player-in-the-electric-vehicle-ev-market/. The initial report focuses heavily on the Company's eTruck partnership; specifically, the role its conversion technologies are positioned to play in the emerging heavy EV market as well as the overall potential of the market itself.
"After reading PSWW's recent press release about one of its portfolio companies, eTruck, we agreed to provide ongoing coverage via Alternative Energy Stock Review, our newsletter custom tailored for investors seeking information on smaller-cap entrants into the Electric Vehicle (EV) space," said Roland Perry, IA's Managing Director. "Principal Solar is interesting in that it is akin to buying shares of a publicly traded venture capital firm, in that it invests in innovative start-ups and provides capital markets guidance."
"On another note, we are also intrigued by Principal's earlier announcement of its intent to acquire control of an 11,000-acre Oil & Gas property, and the revenue potential this transaction could bring to PSWW," added Mr. Perry.
$PSWW Principal Solar to Acquire Minerva-Rockdale Leases, Wells, and Assets
https://newsdirect.com/news/principal-solar-to-acquire-minerva-rockdale-leases-wells-and-assets-246693302
LOI Executed to acquire Controlling Working Interest. 2022 Engineer’s Reserve Report* Sets Approximate Value of Proven Oil Reserves at $116,000,000
McapMediaWire -- Principal Solar, Inc. (OTC: PSWW) (“Principal” or “the Company”), a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an
investor in and operator of undervalued petroleum-producing properties, today announced that it has executed a Letter of Intent (the “LOI”) to purchase a controlling working interest in the leases and oil & gas wells along with all of the assets associated with the Minerva-Rockdale Oil Field (located in Milam County, Texas) from Winchester Oil & Gas LLC (“Winchester”) of San Antonio, Texas.
“Principal’s controlling working interest acquisition represents a tremendous potential opportunity for our two companies,” said K. Bryce “Rick” Toussaint, CPA, MBA, Chairman and CEO of PSWW. “We anticipate that Winchester's leases, equipment, and operational expertise combined with our know-how, relationships, and deep capital markets experience stand to transform the storied Minerva-Rockdale Oil Field into a reliable source of increasingly profitable production and revenue.”
The leases included in the LOI cover approximately 11,000 gross acres and 936 total production and disposal wells. Purchased assets include 657 pump jacks, 48 tank batteries, and 2.3 miles of pipeline.
Production and Potential Upside
Principal’s due diligence to date indicates that current production stands at approximately 200 barrels per day, and of the 936 total wells included in the LOI, 74 are currently producing from the shallow (1,000-1,500 foot deep) Navarro A & B formations. The remaining balance are shut-in, non-producing wells that will require the development, funding, and implementation of a workover program to return to production status. The Company anticipates the drilling of additional wells to be relatively inexpensive and involve relatively low risk.
“The Minerva-Rockdale working interest acquisition offers truly remarkable upside potential to Principal, its partners, and its stakeholders,” said Anthony Lerner, Principal Solar’s Chief Operating Officer. “A recent engineer’s report* indicates total proven reserves of approximately 4,102,680 barrels, valued at approximately $116,000,000 today. With a substantial capex budget expected to be in place by the closing date of the LOI, we plan to return 100-120 of the non-producing shut-in wells to full production status, which we anticipate will double or triple production in the first 9-12 months.”
The Minerva-Rockdale Oil Field (“MROF”) was discovered in 1921 and was once one of the largest oilfields in Texas. Prior to 1950, MROF produced 4,000,000 barrels of oil; total production from August 2014 to today stands at 481,000 barrels. As indicated in the engineer’s reserve report*, the MROF remains a steady producer with significant reserves of oil yet to be recovered.
Principal plans to fund the acquisition via a combination of restricted stock and the assumption of some debt, and under the terms of the LOI, the Company has the right of first refusal to purchase the energy assets accumulated from Winchester and/or its joint venture partners.
$PSWW eTruck Transportation Video Walkthrough Now Available
https://newsdirectdemo.newsdirect.com/news/etruck-transportation-video-walkthrough-now-available-487301015
McapMediaWire -- Principal Solar, Inc. (OTC: PSWW) (“Principal” or “the Company”), a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and operator of undervalued petroleum-producing properties, today announced the availability of a video walkthrough of eTruck Transportation’s (“eTruck’s”) Omaha production facilities. Featuring eTruck’s Andrew Knudsen, the video also provides an up-close view of its nearly completed, fully electric Class 6 and Class 8 prototype vehicles.
“eTruck continues to make significant progress and is now close to entering production of fully electric and hybrid Class 6 vehicle conversions,” said K. Bryce “Rick” Toussaint, CPA, MBA, Chairman and CEO of PSWW. “After overcoming unavoidable delays due to tumultuous capital market conditions, we believe eTruck will soon be able to begin fulfilling its substantial backlog of customer orders.”
The video presentation is available on Principal Solar’s website, here: https://pswwenergy.com/etruck-update/
Yes, huge upside here my friend!
$PSWW
Extremely Bullish statement. That's from their last PR isn't it?
$PSWW "Our existing assets alone are approximately valued at more than our current market cap*, and looking at our market position today, we believe the Company is considerably undervalued," Toussaint explains to SCV's Stuart Smith. "At this stage of Principal's development, our primary focus is on identifying and capitalizing on revenue-producing projects and investments."
$PSWW audio interview from last week with the CEO, sounds like news is close based on recent company tweets
https://finance.yahoo.com/news/principal-solar-ceo-discusses-growth-130000978.html
Curling off the lows, big upside here on the daily chart!
$PSWW
$PSWW continues to slowly creep off the bottom.
With company getting active on Twitter again, I'd watch for news soon. https://schrts.co/gajAcrWR
1 hour left for a good close. I think we ride this level until then. Good day here overall.
Green here, closing the week strong!
$PSWW
0062 up!
PSWW
Must listen interview with the $PSWW CEO.
https://finance.yahoo.com/news/principal-solar-ceo-discusses-growth-130000978.html
"Our existing assets alone are approximately valued at more than our current market cap*, and looking at our market position today, we believe the Company is considerably undervalued,"
In my opinion this is the time to consider taking a position. The chart is bottomed but social media activity is picking up. These things are usually a precursor on a run.
0059 ready to go!
$PSWW
$PSWW starting to build back off new base around .005. has .01+ upside https://schrts.co/hwBwZsap
Very Bullish set up for a strong day tomorrow.
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