TSXV:PAI.H - Post by User
Comment by
WakeUPPon Jun 04, 2021 4:10pm
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Post# 33331744
RE:RE:RE:LESSON LEARNED
RE:RE:RE:LESSON LEARNEDfeb 2015
"
Student CarShare recently raised more than $3 million with the help of a non-brokered private placement facilitated by Sprott Asset Management. Mr. Lende predicts the company will generate $3.5 million in revenue this year and will be profitable by the end of 2016, its third year in existence" https://financialpost.com/entrepreneur/student-carshare-sees-potential-for-huge-growth-as-it-taps-into-under-served-school-campuses
except, they didnt
then a year later
"
The company shut down its website and disconnected its phone, leaving an email address for those who had questions. However, questions were answered with a message saying: "We regret that no membership funds are currently available. Should the situation change, you will be updated."
In a tweet, the company said, "In our attempt to provide low cost transportation to the students of Canada, unfortunately we couldn't sustain the business model and we have had to shut down student car share.""
https://www.cbc.ca/news/canada/nova-scotia/car-rental-student-out-of-business-1.3570628