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Sunday, September 25, 2022

Principal Solar, Inc. (OTCPINK: PSWW) Running Northbound as M&A Player’s Subsidiary’s in Oil & Gas and EV Vehicles Gain Traction

Principal Solar, Inc. (OTCPINK: PSWW) has been rocketing up the charts in recent trading quickly gaining the attention of small cap investors trading over $3 million in dollar volume in the last 2 days of last week. PSWW has a low float with just 138 million free trading shares and no convertible debt coming into the market as the Company recently successfully raised $8.65 million in a regulation A equity offering well above the current trading price of PSWW. CEO K. Bryce “Rick” Toussaint recently stated the Company plans to pursue a possible spinoff as well as new joint venture agreements in 2022. Currently PSWW is “pink current” and is looking to up list to fully sec reporting OTCQB. The Company expects its 2019 and 2020 audits to be completed during the first quarter of 2022, and will then begin their 2021 audit. Management expects PSWW to be fully reporting by the third or fourth quarter of 2022, allowing them to apply for an up listing on the OTCQB. 

PSWW invests in and operates a number of its own subsidiaries which are making big moves in the oil and Electric vehicle markets. The Company’s E-3 Petroleum subsidiary acquires abandoned wells and its Petroleums Danbury dome project in Brazoria County, Texas is showing it can produce commercial amounts of natural gas in excess of the Company’s expectations for oil production. Currently the Company is investing in the compression and pipeline gathering equipment needed to sell its newly discovered natural gas resource to the local pipeline. PSWW tertiary oil recovery technology Tokata Oil Recovery Systems recently licensed the territorial rights to two additional states from Tokata, and expects to begin installing the TORS system on abandoned wells E-3 Petroleum acquired in Oklahoma during the fiscal year 2022.  Principal’s EV-focused Nexteal subsidiary has made two investments in heavy electric vehicle conversion technology companies. eTruck Transportation “etruck” is nearing completion of two hybrid Class-6 demonstration vehicles and launched its corporate website etruckus.com the last quarter of 2021. eTruck’s hybrid conversion systems offer the potential to significantly reduce fuel costs without the need for large charging infrastructure. A video of eTruck’s Class 8 demonstration vehicle is viewable on youtube. Nexteal recently received both exclusive and non-exclusive rights to manufacture and distribute fully electric heavy vehicles in North American markets through a licensing agreement with InfraPrime Logistics Technologies (“IPLT”), an EV India-based company.  

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Principal Solar, Inc. (OTCPINK: PSWW) with executive offices in Dallas, TX is a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in undervalued petroleum-producing properties. The Company has three subsidiaries with five partner relationships and is focusing efforts around electric vehicles and opportunities in the natural gas and power space.  

Principal Solar is led by ceo K. Bryce Toussaint, MBA, CPA; a still youthful high-level executive and entrepreneur who worked for years consulting clients in merger and acquisitions in the US and Asia helping companies becoming and remaining publicly listed on the NASDAQ, NYSE, and OTC markets. Mr. Toussaint formally served as Chief Executive Officer and Board member of NASDAQ-listed MYOS-Rens Corporation and he built the foundation of his career at KPMG LLP, where he served both foreign and domestic registrants with SEC compliance reporting, mergers and acquisitions advisory, and other capital market engagements. 

PSWW has made big moves recently acquiring Double H Services an already revenue producing Company with assets, and a customer base asking for environmentally friendly solutions that can meet their logistics needs, which are currently served by traditional diesel-fueled Class 8 – and 18 wheeler semi-trucks. In 2020, Double-H deployed 17 diesel-fueled Class 8 trucks into the Mid-con region to increase its share of the agricultural, flatbed, and dry-van transportation markets. These vehicles could be upgraded or replaced with hybrid or fully electric vehicles purchased by Double H from Principal’s heavy EV solutions partners, thereby potentially providing marketing advantages and cost savings to Double H as well as revenues to Principal’s other investments. 

An important PSWW subsidiary is E-3 Petroleum: a Company with a strategy of acquiring, remediating, and operating abandoned wells. The oil operator is demonstrating real potential to be a major source of scalable, high-margin income in the coming months. Well testing during May and June revealed that E-3 Petroleums Danbury dome project in Brazoria County, Texas has the potential to produce commercial amounts of natural gas in excess of the Company’s expectations for oil production. Currently the Company is investing in the compression and pipeline gathering equipment needed to sell its newly discovered natural gas resource to the local pipeline. 

Principal Solar’s tertiary oil recovery technologyTokata Oil Recovery Systems is moving forward. In 2021, the Company licensed the territorial rights to two additional states from Tokata, and expect to begin installing the TORS system on abandoned and orphaned wells in Oklahoma during the fiscal year 2022.

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Principal’s EV-focused Nexteal subsidiary has made two investments in heavy electric vehicle conversion technology companies. eTruck Transportation “etruck” is nearing completion of two hybrid Class-6 demonstration vehicles and launched its new website etruckus.com in the last quarter of 2021. eTruck’s hybrid conversion systems offer the potential to significantly reduce fuel costs without the need for large charging infrastructure. A video of eTruck’s Class 8 demonstration vehicle is viewable here: https://youtu.be/tOVcmY2tdno. Principal Solar has a minority equity interest in eTruck. 

Principal Solar’s Nexteal recently received both exclusive and non-exclusive rights to manufacture and distribute fully electric heavy vehicles in North American markets through a licensing agreement with InfraPrime Logistics Technologies (“IPLT”), an India-based company focused on EV technologies and infrastructure. A video introduction of IPLT’s Indian market Rhino Heavy EV is viewable on youtube and other social media. The prototype vehicle for North America is in development and is expected to be completed by the fourth quarter of 2022. 

Recently Principal Solar successfully completed a regulation a plus equity offering raising $8,650,000 through the sale of 96.6 million shares* of the Company’s common stock at US$0.0895 per share. CEO K. Bryce “Rick” Toussaint stated: “We view the success of our Regulation A Plus Offering as further validation of Principal’s business model and proof positive that investors see real upside potential in funding practical, near-term solutions to today’s transitional energy challenges. On a personal note, I’d like to extend a warm welcome to the new Principal stakeholders that participated in the Offering. We have big plans for the Company’s future, and I’m glad you’ve taken the opportunity to join us.” The proceeds of the Offering have been used to pay down outstanding debt and expensive convertible notes as well as to invest in or acquire oil and gas leases, oil and gas extraction technologies, operating companies with existing revenues, and electric vehicle technologies. This bodes well for the balance sheet as the Company already had a strong asset position as per the last filing and little debt with just $350k in convertibles’ and $2 million in total liabilities. 

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PSWW has been rocketing up the charts in recent trading quickly gaining the attention of small cap investors trading over $3 million in dollar volume in the last 2 days of last week. PSWW has a low float with just 138 million free trading shares and no convertible debt coming into the market as the Company recently successfully raised $8.65 million in a regulation A equity offering well above the current trading price of PSWW. The stock was trading well over $0.20 per share with a year high of $0.36 in 2021. CEO K. Bryce “Rick” Toussaint recently stated the Company plans to pursue a possible spinoff as well as new joint venture agreements in 2022. Currently PSWW is “pink current” and is looking to up list to fully sec reporting OTCQB. The Company expects its 2019 and 2020 audits to be completed during the first quarter of 2022, and will then begin their 2021 audit. Management expects PSWW to be fully reporting by the third or fourth quarter of 2022, allowing them to apply for an up listing on the OTCQB. PSWW invests in and operates a number of its own subsidiaries which are making big moves in the oil and Electric vehicle markets. The Company’s E-3 Petroleum subsidiary acquires abandoned wells and its Petroleums Danbury dome project in Brazoria County, Texas is showing it can produce commercial amounts of natural gas in excess of the Company’s expectations for oil production. Currently the Company is investing in the compression and pipeline gathering equipment needed to sell its newly discovered natural gas resource to the local pipeline. PSWW tertiary oil recovery technology Tokata Oil Recovery Systems recently licensed the territorial rights to two additional states from Tokata, and expects to begin installing the TORS system on abandoned wells E-3 Petroleum acquired in Oklahoma during the fiscal year 2022.  Principal’s EV-focused Nexteal subsidiary has made two investments in heavy electric vehicle conversion technology companies. eTruck Transportation “etruck” is nearing completion of two hybrid Class-6 demonstration vehicles and launched its corporate website etruckus.com the last quarter of 2021. eTruck’s hybrid conversion systems offer the potential to significantly reduce fuel costs without the need for large charging infrastructure. A video of eTruck’s Class 8 demonstration vehicle is viewable on youtube. Nexteal recently received both exclusive and non-exclusive rights to manufacture and distribute fully electric heavy vehicles in North American markets through a licensing agreement with InfraPrime Logistics Technologies (“IPLT”), an EV India-based company. We will be updating on PSWW when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with PSWW.

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Disclosure: we hold no position in PSWW either long or short and we have not been compensated for this article

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