Polar Power Inc (POLA)

[southacresdave]

Interview on POLA---last of it is very interesting:

https://alphadirectadvisors.com

I had to give them my name and e-mail for the pdf access. Most of the interview with the POLA's CEO is just background info and discussion of the advantages of their product. Arthur Sams discusses how they are building the business components up equally (sales, manufacturing, infrastructure) to what they expect revenue to be at so they don't get costs ahead of themselves. The last paragraph is the part that is most interesting:

"When we reached between $7 to $8M in sales our first round of capital raise was $1.2M,and with this $1.2 Million we grew to $24 M in sales and this performance gave us the credibility for the next raise, a $17 net capital raise via IPO. The IPO raised the minimum amount of funds that would allow us to reach our sales goals ($75-$100 million) and even if we wanted to raise more capital our business plan and credibility would not allow it. Also, the management infrastructure was not in place to effectively make use of a larger capital placement. We will need a third capital raise to assemble a much larger, more automated factory with the necessary inventory that will take to the $500M and above sales revenue. We are conservative in our capital raises and subsequent expenditures as we have our investors best interest at heart, including myself."

----they intend to go from where they are at now to $75M to $100M in revenue then raise money through institutions again and take the business to $500M with an automated factory. For him to be dreaming that big perhaps things keep coming together more and more?!?