Vicinity Motor Corp V.VMC

ESG COMMENTS!

[kentooo]

ttps://esgfireat40.com/2021/10/06/vicinity-motors-enters-ev-cutaway-market-in-strategic-partnership-with-optimal-ev-adding-30-musd-firm-sales-for-2022-and-600-musd-in-potential-sales-pipeline

[MrAnswers]

For years VMC busses have been sold on their benefits of not being a "cutaway;"on page 10 of the VMC September investor presentation (https://api.mziq.com/mzfilemanager/v2/d/9d3222a6-a644-49de-a03c-90f4810c745f/bb73d804-98e8-85bb-c494-f32da701b733?origin=1) they outline the benefits of their product relative to the cutaway...and now they partner with a company to sell cutaways for them

[Mongoose]

Because they are desperate for sales in the following 2 Qs as evidently their own sales team were unable to close deals in a timely manner.

[graduallygetthr]

Because they can't compete, and are taking the path of least resistance, which is also a lower standard. I believe they are struggling to stay afloat, and they are going to throw everything they can until something sticks. Unfortunately, they may not survive. Their earnings are beyond dismal, and were I still holding I'd be very concerned and looking for an exit.  For those who bought

[ReitsRus]

Get out of Dodge, I was a bag holder @$2.90 when it was .35 but it shot over $4 bucks before the reverse split bailed got my money back and 10k to boot, invested in O&G and doubled that. Sometimes u have to just move on and cut ur losses.