MicroPlanet Technology Corp MCTYF

MicroPlanet Technology Corp. is a smart grid, energy conservation company. The Company is a provider of smart grid and power technology and products. The Company's products are used by utilities to optimize the management of voltage on their networks, to manage power quality, and to manage the integration of bi-directional distributed energy from solar photovoltaic (PV) and wind into the power grid. The Company's products are used in commercial and residential building installations. The Company's technology solutions have been deployed in approximately seven countries by over 20 utilities, the United States military and various commercial customers.

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MicroPlanet Technology Corp

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Comment by swingtime2on May 10, 2007 11:34pm

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Post# 12763131

RE: Sales in 3rd quarter!

I'm I missing something here skyhigh, but I'm pretty disappointed. The potential of the technology I believe is solid, but product acceptance has been slower than I have hoped. Additionally from December 06 to March 07 MP has eaten through $600,000 in cash--another two quarters at this rate of revenue and we are going to the market for more cash creating additional dilution. This is a product that is ready to go--beta testing has been done successfully but customers are still wanting tiny pilots to test MP's worth on a large scale. Its a matter of money savings--is it worth it. I will be long on MP over the next couple quarters--this should be enough time to see whether this company will fly and make some money for its shareholders. Nothing by late winter, and I move along.

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