Ann: Morgan Stanley Conference - Company Presentation, page-2

nice simple presentation; a few $ metrics; not sure Mr Market will get excited by 8-10% IRR on the projects; but the MPR metrics are interesting;

100k per year margin on each wee 5 MW project
But the kicker is 20% margin on each build... say they do two a year at $16 mill total, that is 3.2 mill (gross) margin

At least there is some cash flow on the horizon; Lord knows what the profit is - or IF it is - (expenses off of gross margin)

if you want to have real fun, project out to when they have 20 sites 'worth' $150 mill (again Lord knows what % will be MPRs); but 20 sites will produce gross margin of $2 mill a year; and they will have grossed (at two a year) over 10 years $32 mill on the build.

Lord knows what the market cap should be. Right now it is $14 mill. Maybe that is about right or maybe it should double. I dont see a huge upside, but if they implement it should be steady, guaranteed revenue.