Maybe the good news in the upcoming 8-k will be related to the HydroPlant. Since ProStar is leasing all of their trucks, most likely they won't be installing any HydroPlants on them. Maybe selling the intellectual property (patent) and their stake in HydroPhi Europe could net them enough to payoff a big chunk of any remaining toxic debt. Once that debt is paid, much better financing doors can open up (non-dilutive lines of credit for example). Better financing will obviously help accelerate growth.
A calculation of what their stake in HydroPhi Europe I did a few months ago, in post 15442, showed it worth approximately $400,000. Combined, that's over a million dollar infusion that could go a long way to help eliminate the toxic debt.
Like many other longs on this board, I bought in because of the HydroPlant tech but I am in favor of selling the tech if it makes the company stronger.
Think about this: At the current price, the total market cap is $1.8 million. IF we can get ~$1 million for the HydroPlant, that would currently value Pro Star, which probably will book ~$30 million in revenues this year, at just $800,000! IMO, this stock is way undervalued.
These are just some thoughts I had in response to yesterday's excellent post regarding the call to the CEO.
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