PreordersFirst off I’d like to say congrats Ricardo for catching this stock early and taking part in the recent uptrend.
I think the Solo could serve a niche market that would be quite substantial relative to current Market cap. However, I don’t see it becoming as ubiquitous as Jerry suggests.
The Tofino and the Intermeccanica legacy are also attractive components. People will be looking for niche brand alternatives to the TESLA and the big name brands.
My main concern about this company is the quality of their preorders. It requires only a refundable $250 CDN. EMV claims to currently have 23,030 preorders for the Solo.
This, on it’s own, wouldn’t be such a big concern, except that in a press release from November 2017 EMV claimed to have over 120,000 preorders for the Solo.
Please find source below:
https://www.newswire.ca/news-releases/electra-meccanica-announces-4-billion-order-book-for-solo-and-tofino-models-657448753.html So, what happened to the nearly 100,000 preorders that evaporated over the past fifteen months?
And what will happen to the remaining 23,030 preorders due to be produced and sold in 2019-2020?