Petro USA Inc (PBAJ)

[BT_]

I'm recommending that people look into any connections here between the new management (specifically Jones/Phoenix Motorcars) and Carl E. Berg / Valence Technologies (VLNC), as well as potentially Raser Technologies (RZTI). Berg's Valence Technologies was providing battery components to Jones' Phoenix Motorcars. Phoenix Motorcars has been struggling over the last couple of years and then earlier this year suddenly emerged from the brink of bankruptcy. Berg just signed an agreement with Raser Technologies. Berg is starting a new EV company, though he has holdings in both Valence (a Lith-Ion battery company) and an EV company (possibly Phoenix?) Could it be that Phoenix will be absorbed into the new company? Could it be that EnergyOne will be providing certain components to Berg's new EV company, and through its new licensing agreement with VS Technology is aligning itself to do so in preparation for the announcements that will possibly be coming? I know this all sounds very speculative at the moment, but the timing of these moves would seem a little more than coincidental. VS Technology and Raser are working with some of the same major players. Though there have been no announcements yet alluding to the fact, we could possibly see Energyone being used to manufacture energy storage components for multiple companies who are at the forefront of the EV business. If/when these announcements come out, this play will be an entirely different game on an entirely different playing field.

Like RZTI, for the interim I believe Energyone will continue to remain focused on solar energy generation and storage as one segment and the EV components as the other segment. The first will be able to sustain the company and provide funding for R&D costs for the EV segment which will eventually be the true breadwinner for the company. I think you'll find that Jones has technology that will be a critical component used by the EV sector. This what allowed Phoenix to be a big name in the EV world in such a short amount of time. Of course only time will tell!

http://www.businesswire.com/news/home/20101123005479/en/Raser-Closes-Transaction-Major-Investor-Launching-Electric

http://people.forbes.com/profile/carl-e-berg/34312

http://www.megawattmotorworks.com/display.asp?dismode=article&artid=284

Again, there is much speculation here. As always, do your own DD and invest wisely. GLTA