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Saturday, March 28, 2020 12:06:29 AM
I think the 8K filed pretty much made it clear that they will be needing to raise cash to stay afloat---if they even can. It'd have to be at sub $1 and then that will cause a reverse split in time (with I'm sure executive options repriced as is typical). They may get loans, but that doesn't do them much good if there aren't orders. There is minimal business for Q1 and that's after a bad Q4 and Q2 will be zero to start for April for sure and into May. As such, their cash levels will be dangerously low. The next problem, if and when a rebound in the economy happens (probably longer than anyone expects) is that their auditor will label them a going concern which will limit companies wanting to do large orders with them. Purchasing managers won't get fired for buying from Generac, but they may get questioned hard for recommending POLA if their finances are shaky.
Arthur kept saying they wouldn't build up manufacturing without the demand, yet he did just that and now is sitting on too much inventory, no plant running, and not enough cash to wait it out.
Sorry.
Even $1 for your shares is better than nothing if you can get out. I'd rather wager/gamble/risk that on some crazy move in a virus stock (or like the REIT that got beat down and rebounded 500% the next day) then hope POLA comes back.
Recent POLA News
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 09/20/2024 09:21:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2024 08:10:13 PM
- Polar Power Reports Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 08/14/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 08:05:19 PM
- Polar Power Appoints Michael Field as Independent Director and Compensation Committee Chair • GlobeNewswire Inc. • 07/30/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/12/2024 10:10:20 AM
- Polar Power Announces Preliminary Second Quarter 2024 Corporate and Financial Update • GlobeNewswire Inc. • 07/11/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/03/2024 10:30:26 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:15:48 PM
- Polar Power Reports First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/15/2024 08:10:00 PM
- Polar Power Reports Full Year and Fourth Quarter 2023 Financial Results • GlobeNewswire Inc. • 04/01/2024 08:10:00 PM
- Polar Power Announces $5.1 Million in New Bookings to Date in Q1 2024 • GlobeNewswire Inc. • 03/12/2024 12:01:00 PM
- Polar Power to Participate in 36th Annual Roth Conference March 17-19, 2024 • GlobeNewswire Inc. • 03/07/2024 07:49:00 PM
- Polar Power Announces $2.9 Million in New Bookings During January 2024 • GlobeNewswire Inc. • 02/20/2024 01:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 01:10:57 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/05/2024 05:15:30 AM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 01/26/2024 02:20:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/08/2024 09:30:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 10:00:27 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 12/20/2023 05:23:04 PM
- United Nations High Commissioner for Refugees Awards Polar Power Initial Contract to Assure Uninterrupted Quality Electric Power for African Offices • GlobeNewswire Inc. • 12/20/2023 01:01:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 12/06/2023 09:30:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 10:17:25 PM
- Polar Power, Inc. Announces Closing of Public Offering • GlobeNewswire Inc. • 12/05/2023 10:15:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 12/01/2023 09:12:11 PM
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