Polar Power Inc (POLA)

[southacresdave]

ebase22...

Listen to it, don't just read the transcript. You will love the last guy.

Imo, the floor is in on the stock for sure.

Highlights:

---Plant capacity $5M/month. Want to be there before the end of the year. They've replaced their plant managers with quality ones who have built up big production lines.

---expenses should be flat going forward

---margins will go up, but nothing sounds definitive there as far as getting them to 35% anytime soon. My bet is they are looking at doing tower builds internationally (i.e. Namibia) and so those are lower which keeps them in the low 30% range possibly for now. That's fine if it doesn't use up manufacturing capacity.

---trying hard to diversify revenue away from Tier 1 U.S. to get better margins

---will get line of credit against receivables to open up cash. Expect that in the next week or so.

---13 deals internationally they are waiting on. They are as frustrated as shareholders

---the last guy was an awesomely frustrated shareholder who summed it up nicely for all of us