Report is already on SEDARAs mentionned in the subject, the MD&A is available on SEDAR (in pdf), to find it, it's better to narrow your results between january 27th and january 28th.
As always this report is well writen and kind of optimistic...
But as always the optimism is in the future, and not for the present or the last quarter. We have been promised so many time greater future that I will not jump over the wall because of golden promises...
I have 2 concerns:
1st: They say will need to raise more money.
2nd: They say they will be able to produce 3-4KW per month by the beginig of Q3 (and not end of Q2 as already promised, but OK, let's say 2 month late is OK). It means that they will be able to produce for Q3 and Q4 between 18 and 24KW. So why do they forecast am 11KW for 2011...? I hope the problem was production and not selling...
They say their optimist forcast is 40KW, but they will not try to acheive it...
Good news is lauch of a new product in november (which should be sold in France) and that they main target is US and have high expectation about it, but as always, I think we will have to wait to see how they deliver their promises...
Like all of you (except drunk paid bashers) I hope SP will have a kick this year because patience is not a virtue without limit...