Post by
AlzerianCrimson on Aug 28, 2020 10:50am
Some Highlights from conference call from those on U.S. side
- 1st to market with Altoona Cert and Buy America Compliant like Telsa was
- Only North American EV clean sheet manufacturer besides Tesla.
- Tough and long barriers to entry as clean sheet manufacturer
- Competition are mostly retro fitters which don’t qualify for the Altoona vouchers
- Current capacity for EV Star (signature vehicle) Buy America compliant is 15/month and 30/month by end of yr.
- Additional capacity for any buyers of non-American built certified of 50/month end of 2020
- Very excited about the Jacksonville Transit Authority deal. Full level 4/5 autonomous on grid and off grid vehicles operating by end of year.
- Big opportunity in the last 1 mile space
- Over 150 orders
- 1st to market with Altoona Cert and Buy America Compliant
- Only purpose built school bus
- Capacity today for $400M revenue
- CEO comments on uplisting to NASDAQ: take advantage of production capabilities, missing link, order book is filling out and it will accelerate the business.
My note, company will hit $30m-$60m revs very quickly.
Comment by
GGreen on Aug 29, 2020 12:11am
Thanks for the notes. Just new to the stock and doing DD. From latest FS looks like they need to raise funds for ramp up ASAP. What are your thoughts on a possible debt or more likely large equity offering?
Comment by
AlzerianCrimson on Aug 29, 2020 8:19am
Offering was already underway prior to the split, priced at $20U.S. and raised 37 Mil (about %20 more than expected/interest). Financing expected to close September 1st
Comment by
Cider6000 on Aug 29, 2020 12:48pm
An amazing company. And if you check out the Insider's trade action... looks like they mortaged their homes to buy more shares back in March, April and May... at market prices. That is very telling.