Replies to post #22581 on Propellus Inc (PRPS)

[jnewcou812]

I appreciate your input, a more realistic approach to this stock. I think being in the middle of the road with their pricing is probably a good thing.

[ZenMan 111]

EastCoastCdn you use the non-committal word “interesting” to describe the upcoming 10-Q. Can you take a solid position and say it will be good or not good? I say it will be good and the SP will be the judge of who is right if you say not good.

[arizuela]

EastCoastCdn, upon the BOD approval, SSOL only has to notify FINRA and the NASD.

As far as expenses, debt, do the math. $10 Million in the Receivables will overtake expenses, good 10-Q or not.

Arizuela

So what are they doing wrong now?
Fat still has to be cut.

Where are the 8-k`s at as well?
No 8-k for the raise in A/S, no 8-K for the Reverse Split.
No 8-K for the new project(Material Events). Although they still have time on that one neither company has filed.

Has anyone considered that with the O/S so high they did not have shareholder approval for the increase A/S and the R/S?
IMO this should have been by proxy. Start adding up the shares held by SSOL and include the 4.99and 9.99% max for the diluters. At 1.5BB stated on July 10th they were dangerously close on not having 50% of the shares. Perhaps a DEFA 14 as well???
Maybe this is the reason for the silence.
This 10-Q should be interesting for sure.
Cannot say for sure but just thinking out loud.