GiraSolar Inc. (fka GRSR)

[theck1]

Hopscotch, my thoughts:

The spike in 2006 revenues were from a low margin side of the business (silica sales) that were risky and not sustainable by GiraSolar. Therefore, I believe that GiraSolar chose to focus on the higher margin Solar consulting and integration sales (service and product, i.e., solar modules). In countries where the F.I.T. is favorable this is still a growth area (France, Italy, etc.).

Why is GiraSolar not sending out PR's? I would say this is an easy answer: Why put money on the public side when the public side is not righted?

I still ascertain that the business of GiraSolar is making a profit, otherwise they would not be in business. Where PK really messed this up was that GRSR was at a much higher stock price and would have been able to attract really good financing to invest in the growth of the business. As it stands now there is a sustaining of the business from what PK destroyed (the stock price).

There is probably a lot more but my guess is we'll have to wait for PR/communication and it will be some time before this gets turned around. Take care.