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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

Vicinity Motor Corp > Net loss $7.4 million?
View:
Post by ReitsRus on Nov 15, 2022 5:35pm

Net loss $7.4 million?

As an Old BUS holder that got his Money back out over $4 before reverse Split I still Watch this Company for Signs it can upright itself but find it hard with seeing a Net Loss of $7.4 million. I do realize Supply Chain was an issue, looking for others like myself interested in jumping back in but hesitating.
Comment by hsbc11 on Nov 16, 2022 1:15am
This post has been removed in accordance with Community Policy
Comment by Jenser on Nov 16, 2022 12:53pm
Same here. 1) It looks like with tax loss selling this might make new lows. 2) Low on cash. There might be a financing required. Most likely to very unfaivorable conditions like a shark loan or share issue with warrants on top.
Comment by ratsnake220 on Nov 21, 2022 7:48am
getting parts in the supply line that used to be 12 weeks are 52 weeks or longer.....this is a sell until dust clears