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Vicinity Motor Corp V.VMC

Alternate Symbol(s):  VEV

Vicinity Motor Corp. is a Canada-based supplier of electric vehicles for both public and commercial enterprise use. The Company is engaged in the production and sale of buses and spare parts in North America. It leverages a dealer network and close relationships with manufacturing partners to supply its flagship electric, compressed natural gas (CNG) and clean-diesel vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. In addition, the Company sells its electric chassis alongside J.B. Poindexter business unit EAVX, which is the Company's partner, for upfitting into delivery vehicles. The Company's various buses and truck models include Vicinity Lightning EV, Vicinity Classic and VMC 1200. Its geographic segments include United Stated and Canada. The Company’s subsidiaries include Vicinity Motor (Bus) USA Corp. and Vicinity Motor (Bus) Corp.


TSXV:VMC - Post by User

Comment by MrAnswerson Dec 09, 2020 11:39am
140 Views
Post# 32067625

RE:Target $2.20

RE:Target $2.20What is this based on? clearly a guess as how do you value a company with no earnings, the only asset being a field in the U.S. and some cash from recent equity issues and one that is constantly lowering the value of existing shares through equity issues? Book value on this thing is in the pennies. The value of their bus designs is minimal as there is no moat and so far the value of their future sales in minimal as they dont have any? 
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