One positive about the $5 move.......if people still distrust management and the stock is moving up, then perhaps the worst of it is over? What will the stock do if they bring it together?
Two things:
----the odds are 4th Q will be tax free. From 10Q: "The Company has refundable income taxes of $1,257,585 as of September 30, 2017. This was a result of estimated tax payments for the first quarter of 2017. The refundable income taxes will be used to offset any taxable net income in the annual tax return."
----There are 2.7M shares in the float outside. In the latest quarterly report up to date through 9/30, 751K of them are held by institutions. That leaves 1.95M available to buy/sell:
Yes, insider lockup end in early December. The majority is held by the CEO. I doubt he is selling anytime soon when they are putting the following comment in there earnings report:
"Moving into the fourth quarter, we have never been more confident about the future of Polar Power and our team's ability to create value for shareholders. "
Is the CEO bs'ing people or are they looking at the business and from what they see/know they are more excited than when before they had Verizon lined up with big orders? Time will tell.
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