PTOS - P2 Solar, Inc.

P2 Solar, Inc. Welcomes Former Canadian Cabinet Minister to the Board of Advisors

SURREY, BRITISH COLUMBIA--(Marketwire - 12/23/09) - P2 Solar, Inc. (OTC.BB:PTOS - News) (the "Company") is pleased to welcome onto its Board of Advisors, Mr. Herb Dhaliwal, QC. Mr. Dhaliwal brings a wealth of experience and knowledge having been a former Cabinet Minister in the government of Canada.

"I am pleased and excited to welcome Mr. Herb Dhaliwal to our team. We are fortunate to have an individual of Mr. Dhaliwal's caliber join our team and help us grow our business." said Mr. Raj-Mohinder Gurm, President / CEO of P2 Solar.

Originally from Punjab, India, Mr. Dhaliwal's family immigrated to Vancouver, Canada when he was six. After graduating from the University of British Columbia with a Bachelor of Commerce degree, he started a maintenance company out of his basement and became a self-made millionaire with diversified business interests including transportation, maintenance and real estate development.

He has more than 25 years of experience in the private and public sectors as a businessman and entrepreneur, specializing in transportation, maintenance and real estate development. He has also served as vice-chair of the board of directors for the British Columbia Hydro and Power Authority and as chair of British Columbia Hydro's Budget and Audit Committees.

He was first elected to the Canadian House of Commons in the 1993 election as the Liberal Member of Parliament (MP) for Vancouver South. Prime Minister Jean Chretien appointed Mr. Dhaliwal to Cabinet (the first Indo-Canadian to become a federal cabinet minister), in 1997 as Minister of Revenue.

In 1999, he became Minister of Fisheries and Oceans, and in 2002 he was appointed Minister of Natural Resources and Minister with political responsibility for British Columbia. Mr. Dhaliwal played an active and prominent role as a member of the Prime Minister's Team Canada trade mission to India.

Mr. Dhaliwal also took an active and prominent role in promoting sustainable, environmentally responsible aquaculture development in Canada. In June 2000, Mr. Dhaliwal was included in the Vancouver Sun's listing as one of the hundred most influential British Columbians of the last 100 years.

About P2 Solar, Inc.

P2 Solar, Inc. is dedicated to building large scale Solar Power Stations in countries with a high demand for clean renewable power. Currently the company is focusing its efforts in India as a primary target market, an area starved of power, yet enjoying maximum exposure to sunlight. The company will be involved in R & D for solar technology and will be implementing a Solar Module Assembly facility in India for the production of solar panels for application in its Commercial and Industrial projects. For additional information please visit our website at http://www.p2solar.com.

Interesting, looks like .30 is the lucky bounce. I wonder if it will happen again.

Just bought in @ .20

Lucky to have got the shares at that price... right before the closing bell.

EXTREMELY low volume today... only 3,000 shares traded.

Just a small amount of volume will get this thing scootin along.

Recent News

April 05, 2010 05:00 PM Eastern Daylight Time

Zacks' Voice of the People Highlights Opportunities with Natco International
CHICAGO--(BUSINESS WIRE)--Zacks highlights commentary from People and Picks Trader “gyorhu”.

For more Voice of the People, visit http://at.zacks.com/?id=5851

Featured Post

Solar Play

Natco International (OTC: PTOS) is a solar company that has been setting up in India. They now have Osolar on board which is a big deal. The power purchase agreement should be announced any week now.

P2solar.com is their website. $2400 gets you 10,000 shares. Not a big downside but possibly a huge upside.

My posts disappear

but maybe that is because they are very factual and true ... I owned this stock for a long time . ... bought in at 34 and very very lucky to finally see the light and get out at 44 .. I know several people that invested like I did but stayed in and have lost their shirts !
This company well over a year ago was going to India to sign the deal .. well after I hadn't heard back over a month later and no news I knew something was wrong .. I bailed and thank god I did.
This company does not have any assets .. they don't even have a plant where they make solar panels nor do they make solar panels !
They are still quoting the same thing ... deal coming up and going to India but nothing ever comes of it .. buyer beware !!
Now I have seen this stock trade as low as 7 cents and don't even know how ppl pay that for it .... if it was listed on tsx it would have been delisted years ago ... do your due diligence first .. don't buy cause it is cheap and offers big dreams ... more like nightmares when you wake up ~~

Appears India and P2 are dead in the water !

From the most recent 10Q :

"In July 2010, the Indian Federal Government released the new guidelines relating to the construction of solar plants in India. The guidelines set out the procedure and terms under which the interested parties are able to apply and receive approval to build solar power plants in India under the India Solar Mission. The maximum size of project that the company can apply for in the first phase is 5 MW. As a result of the enhanced guidelines, the Company was not able to complete the application process, and as such did not formally apply for the authority to construct a 5 MW plant in Punjab. Due to the enhanced guidelines, the Company has elected to engage in efforts to partner with an established Indian company that has received approval from the Indian Federal Government for the construction of a solar farm. The Company is currently in discussions with such companies regarding the prospect of a potential business relationship.

During the fiscal year ending March 31, 2011, and the subsequent twelve months, the Company anticipates that it will continue to pursue the development of the solar power plant in India and other parts of the world. Additionally, the Company will work towards the development and commercialization of the hybrid solar panel containing JIL Technology."

It's therefore true to say that, as at this present time, the India project as originally envisaged is dead. This has apparently been in the making for over 3 years and nothing was accomplished for the shareholders but I see the directors gave themselves millions of shares and therefore probably millions of dollars !

The company to date still does not own, manufacture any solar panels at all .. nor do they sell them ??? doesn't that seem odd to you ? they have talked about being in the residential side as well but have not even sold one panel or for that matter done or accomplished anything !!!

If they had really been working on the submission for a 200 mw plant in india how easy would it have been for them to submit for a 5 mw however they even dropped the ball on this one and as they state
"The guidelines set out the procedure and terms under which the interested parties are able to apply and receive approval to build solar power plants in India under the India Solar Mission. The maximum size of project that the company can apply for in the first phase is 5 MW. As a result of the enhanced guidelines, the Company was not able to complete the application process, and as such did not formally apply for the authority to construct a 5 MW plant in Punjab.

Personally I see this as a cop out ! it was not the "enhanced guildlines" it was them that did not submit the application. Obviously numerous other companies did .. a lot of waiting and ppl investing for nothing !!!

And .... why on earth would any company that did put in an application and get approval to build the plant, ever want to work with a company that could not even get their submssion in ... have never had any solar projects ! has never manufastured a solar panel ! has never even sold a solar panel ???

Smoke and mirrors !! do your due dilligence .. this has been going on with this outfit since they apparently started and were going to import from india to sell in canada and never even got off the ground blaming the company for not selling to them .. hello ... India is hugh and has a lot of companies exporting to Canada and has for years .. since then they have been numerous different companies that have never amounted to anything !!!