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Bullboard - Stock Discussion Forum 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... see more

TSXV:VMC - Post Discussion

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Post by MrAnswers on Aug 12, 2021 3:56pm

funny

Got to laugh how perma bulls like DanDan on that CEO.CA page are whining about the share price falling due to "no awareness" of the stock when the reality is its falling because their backlog is minimal. Promoting the stock only works for so long, you need actual sales for things to be sustainable. If you want to see the stock move higher, and stay there, we need a better backlog of sales not bush league Youtube videos.
Comment by TrstAph on Aug 15, 2021 8:02pm
Ok relax Mr.answers, ive done some due diligence on this one, and theres no need to fluff your little feathers in a negative fashion. They delivered 46 vehicles last quarter and around 65 the quarter before. Revenue is close to the same, so ghat means there selling higher value vehicles. Just relax, they are building something fantastic here. Do you have a position with VMC?
Comment by MrAnswers on Aug 15, 2021 10:47pm
Yes, I have a small position to force my self to keep an eye on it. You understand those deliveries were from an order placed almost 18 months ago. My beef has been and continues to be these guys have spent too much time and money pumping the stock as opposed to selling busses. They have had minimal decent sales since that order hence the reason the backlog is pretty weak.