Replies to post #460 on Polar Power Inc (POLA)

[wadirum1]

I hope we don't have to test the 200-day MA -- currently at $5.53.

The Namibia Linkedin news is good, but then it showed also that they don't have a lot of other foreign news to report. Hopefully that changes.

I'm holding all my shares. Might take another year to get up to $10, but I'll wait it out.

Wadi

[southacresdave]

I'm hoping for some pr before earnings otherwise it may be a long slog till then. I still think there has to be a reason that they expanded manufacturing & went to Japan and were able to get engines direct wholesale. Speaking of engines.....

Margins: Purchases from Yanmar (for the engines) represented 20% and 24% of the Company’s total cost of sales for the three months ended June 30, 2018 and 2017, respectively, and 23% and 25% for the six months ended June 30, 2018 and 2017, respectively.

What it means: They lowered their engine costs down quite a bit in 2Q vs even 1rst Q. They said in Q1 cc call that the first shipment would be in June direct, as such, 3 months of that could mean even more improvement.

Also, the big Africa tower exchange meeting for towers is Oct 9th and 10th. I'm sure they are gearing up to make a presence there.

https://polarpower.com/about-us/events-calendar/