AmmPower Corporation (AMMPF)

[usma1992]

Looks to me like the company is streamlining a bit...

I guess this Feb 28 earnings report added a discussion from management.

Positive events:

Michigan facility it is 180K annually. That is crazy except they are leasing it not purchasing it and Michigan area has been depressed for a while now.

That equates to 15K cash burn which is insanely low to me. Figure adding average salaries of 50 personnel at average salary cost of 80K to include high and low personnel. I have the monthly cash burn around 350K. This makes the annual cash burn around 4.2M.

With investments and other things... I estimate they have enough cash for 18 month window.

Those thinking .20 might be a little aggressive. They are sitting on $7-8 M in cash and have the rights to 2 properties. Those properties have some value for sure. Right now the total value of the company with market cap is on $60M.

I am not sure how far along they are with prototype but that is worth something. They bought back shares at .42 and did private placement recently at .72. Somebody must feel like they have something of value.

Dumping T property. They cut their losses on the property.

Dumping Hydrogen One. They didn't incur losses with issuance of stock.

I think they are delivering slowly but surely. I guess we will wait and see Ortech results and whether they can get a prototype built.

Dave