Post by
galena03 on Sep 07, 2022 1:06pm
Pre IPO paladin power
As mentioned Aug 02 the company sold $5 million at .25 a share. They had subscriptions worth maybe up to $18 million. It is not on the market for trading but the private price is now .50 so if you arrange to sell you have made 100% in one month. This is an example of how to become very rich if it turns out to be profitable. Due to the nature of the filing allowed by u. s. securities and exchange regulations If they want to raise more fundsthey have to file another prospectus and would probably be a minimum of .50
But they don't anticipate one yet. The battery storage capacity they need to run a average house per day according to their calculations is about 40 klw. hours per day to stay off the grid. This may sell around $40,000 per unit and then you need a solar setup. It sounds like it may be much better than tesla's setup and less costly per klw. hour.
This is just a story of how capitalism works. You don't have to be one of the dictators oligarks.