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Wednesday, July 15, 2015 12:06:16 PM
The Company’s future operations depend upon capital from future financing activities such as subsequent offerings of its stock. During the next twelve months, the Company plans to satisfy its cash requirements by additional equity financing. The Company plans to undertake private placements of its common stock in order to raise future development and operating capital. There can be no assurances that the Company will be successful in raising the capital it requires through the sale of its common or
preferred stock.
The Company has completed development of a PV solar roof primarily for commercial buildings. The solar roof on a 20,000 square foot building is capable of producing 200 watts per hour of power. The Company has also developed and patented a moncoque, chassisless, transportation vehicle which allows any type of trailer product to be made without a chassis or supporting framework of any type. Once we receive funding, we intend to secure manufacturing space and begin hiring employees.
As noted above, the Company is in negotiations with one or more private investors for the sale of the Company’s equity. Upon completion of the funding event, the Company’s liquidity will improve dramatically. Also, the Company’s access to the public markets should improve liquidity.
http://www.otcmarkets.com/financialReportViewer?symbol=GRPS&id=141414
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