Hi, I think two things are required for a Solterra IPO
1. QD sales. I think that QMC will be able to project $50 million sales for fiscal 2010-11 by June 31 2010. That will be a P/E or P/S of 1/50 assuming a share price of $1 by then. For 2011-12, we're looking at an over $100 million company just for QMC.
2. The first Solterra contract. I do not see that until July at best. Before that has to come the Tempe Factory sometime between July and September up to 1GW production capability.
So the bad news is that the IPO will only come when everything that can maximize the IPO price has been accomplished. The good news, as you can see from #1 above, is that there will be a lot of good news between now and then. Its all Pura Vida, Baby!~
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