Global Poletrusion Group Corp. (GPGC)

[pennypauly]

2018 Annual report filled

We have learned a couple of prices

On January 15, 2019, the Company signed a $500,000 commercial agreement with Pistar Holding S.A. for the distribution of lightweight composite utility poles in Panama. The Company has received the initial order of 1,466 composite lighting poles.


This is impressive

The Company’s 80% owned subsidiary, Los Santos Energy Corp, signed a contract on December 18, 2018 for new biomass-based energy generation project in Chiriquí, Panama. With an initial capacity of 5 Mega Watts, the power plant will use palm oil extraction residues (biomass) to generate electricity. The initial cost of the project is approximately $13 million and it is expected to provide gross annual revenues of approximately $3.5 million with operating expenses of $1.1 million. The Company is currently negotiating a $5 million Senior Secured Term Loan Facility to finance this project through Polaris Capital Power Inc. An affiliate company, Poletrusion Canada loaned the Company $1 million in February 2019 for proof of funds and the loan becomes available after a 60 day waiting period.


We have $2.4 million coming in annualy and $500k agreement for the poles. Plus a loan for 5 million. Not your normal penny stock here!!!

https://backend.otcmarkets.com/otcapi/company/financial-report/213317/content