Dealers 5 Alberta Dealers
2 BC Dealers
77 Ontario Dealers
3 Quebec Dealers
1 PEI Dealer
So for a total we now have 88 dealers signed up. The profitablility level as set up by the company at the last AGM was 120 dealers. We are getting close. I would say there are a lot of dealers that have signed up right now that just have not gone live yet. The reason I say this as co-auto has been working on the dealers out west but were not under contract untl earlier this week. I would say we will see dealers added every week for the next 4-5 weeks at a higher rate that what has been happening in the last month or two.
In addition I expect us to have our first US retailer or some kind, not necessarily a dealership on line with in the next month. I know they have been working hard in the US and we should see some of the products of that hard work very soon.
Final thought we will see a financing within the next 30 days at the latest, however my thought is it will be put together with in the next two weeks. I'm guessing there may have to be some debt consolidation as well. This will make FUT much more stable and will give them a firm foundation going forward!
Good luck to all the longs, I know 2012 has started slow but it's about to heat up!