Balqon Corp. (fka BLQN)

[Piedmont]

Very true statement.

Two things that I love they did...
1. Pivot away from the capital intensive trucks and into the residential/small business storage industry....which is on fire right now in California.
2. Adjust their selling model to be direct ordering.

Clearly these actions have borne fruit.

As you point out they are very debt-heavy. The question is can they satisfy the creditors long enough to become truly viable without creditors putting the hammer down.

You should talk to Balwinder Samra. Just send an email through their site, tell him you are an investor and would like to talk to him. He called me two days later and we spoke for two hours.

He is optimistic about being able to maintain their revenue trajectory. He does however, believe that they need either a large order or a cash infusion to really take off.

If you look at the Cali landscape, big money is being invested in companies that provide solar storage. There are at least two companies who have capital backing to allow buyers to finance their purchases.

I look forward to Balqon taking advantage of this kind of situation and/or to get some state/federal grant money.