Propellus Inc (PRPS)

[xyz1002]

This is a highly labor intensive business and the workforce has to be trained a little bit. If I remember correctly the guy (CEO of another solar co from CA) who was in the Presidents state of the union address said they were going to double the workforce from 5000 to 10000 this year alone. So it is very clear that there is huge demand for this business in CA and the west coast. But if they are done for the year with few contracts that puts a ceiling on the revenue and hence the pps.

Announcing 2012 contract is not going to be of much help for the pps. They have to hire workers and add contracts, add revenue and the pps will move.

They got a $10M LOC if I remember right. I am frustarted for sure. Because this PR has basically said we are done with business for 2011, i.e; there won't be much interest from investors and then with low volume the pps will trickle down.

I am slowely getting upset although I bout it way back when to hold for long term.