Polar Power Inc (POLA)

[southacresdave]

Worthy.... I told Raj point blank that it was pure foolishness on their part to even discuss a further capital raise to expand capacity in 2020 with the stock below IPO prices.

As for needing it now, they have cash + receivables from Tier 1 companies. If they announced receiving a rotating line of credit against receivables I think it'd drop any concern about the need of a secondary to deal with growth in 2019.

I think today's selling is just what you said.....dry heaves. It's from someone who doesn't care anymore and wants out. Sometimes that's when the bottom finally happens. Hopefully it's here too, but we won't know till next report.