GRSR
GiraSolar, Inc. (OTC:GRSR) - Dutch based solar company
REASONS FOR HIGHLIGHT
- Filed for OTC BB listing in Sept. 2006, approval pending
- Expecting to file $60 million in revenue for fiscal year 2006 this month
- Undervalued; knocked down due to overall market margin calls
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Shares Outstanding = 35 million
WHAT WE KNOW
- Revenues - reported $51.9 million in revenues, 9 months ending Sept. 2006
- Close to Profit - reported net loss of only ($361,000), or (0.02) EPS
- Price/Sales - trading below 1 times sales, sector norm is 10 P/S
- US Panels - began producing and shipping first US made solar panels
- Mobile Solar Units - joint venture with NEST Energy, mobile solar power units
- CFO - appoints Mr. Steven de Bruijn as new CFO
- Spain - new order from Spain - $2.2 million
- Spain - 12% of Spain's solar market
- Turkey - announces new solar projects in Turkey
WHAT WE ARE WAITING FOR
- OTC Listing - approval to begin trading on OTC BB, anytime
- 2006 Earnings - projecting $60 million in total revenues, possible profit
- US Facility - to acquire US solar production facility
- US Installers - to acquire US solar installers in US (CA, NJ, NY)
- Silicon Patent - patent for the silicon production technology, cuts Si prices by 1/2
- Apply for larger exchange (AMEX or NASDQ)
