Pure Spectrum Lighting (PSRU)

[abnpayne]

Why this PPS? Here's why... Room for upside if your stuck, but here is the short version in two posts and why most (including myself) have been out for a bit.

Posted by: abnpayne Date: Wednesday, July 15, 2009 1:53:08 AM
In reply to: stockshateme who wrote msg# 1073 Post #1076 of 1146 [Send a link via email] [Share on Facebook] [Tweet this post]
The biggest factor, or writing on the wall,
for my sale was the 8 million share compensation package for Tony Golden. What CEO or CFO entrusted with the stock treasury would pay $4-7 Million worth of stock for his services? The only answer I could come up with was that the price wouldn't hold nor remain anywhere where it was at time of that contract. (Still worth $2.1 Million EOD Tuesday, BTW)

Another recent pause or Ah Ha! moment should have been the Dubai financing deal, that may not have ever really existed (meaning actual $$ to back up capital promise), being canceled. That info was held for a while before being released as an oh by the way, "we are not doing the the EICA deal. We decided to go another route..."

Although dilution was not terrible by Pinkie standards, a few million shares were sold at .40+ prices riding the first two quarter's momentum and buildup of expectations. This may have been the "other route" all along, to finance market entrance(rollout) through inflated retail stock sales and individual private placements... Who knows, just my .02

Posted by: Ryoko Date: Friday, October 30, 2009 5:12:56 PM
In reply to: fidz who wrote msg# 1110 Post #1111 of 1146 [Send a link via email] [Share on Facebook] [Tweet this post]
I sold back in June. I think the meltdown has been a long time coming and I feel there are a number of reasons for it including:

* The EICA deal falling apart,
* the shortage of funds as a result of the EICA bomb,
* lack of transparency about the EICA failure,
* attempts to hide the impact from the resulting lack of funds,
* failure to bring any of their products to market (with the exception of the 20W CFL) because the inadequate funding prevented completion of UL and ES testing,
* Lack of any major sales (AFAIK anyway),
* Pricing target unattractive compared to existing CFLs.

Please note, I haven't kept up with recent developments so this info may be way out of date. The only thing that's going to save their bacon is if they can get the ballasts UL and ES certified, on the shelves, and marketed to willing buyers.

I might add that PSPM is a good case study why you shouldn't trust the IR guy without a certain amount of skepticism and that fluffy PRs don't count as transparency.

Especially when he is compensated