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Vicinity Motor Corp V.VMC

Alternate Symbol(s):  VEVMQ

Vicinity Motor Corp. is a Canada-based supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network and close relationships with manufacturing partners to supply its flagship electric, compressed natural gas (CNG) and clean-diesel vicinity buses, as well as the VMC 1200 electric truck to the transit and industrial markets. Its geographic segments include United Stated, and Canada. The Company's various buses and truck models include Vicinity Lightning EV, Vicinity Classic and VMC 1200. The Company’s subsidiaries include Vicinity Motor (Bus) USA Corp., and Vicinity Motor (Bus) Corp.


TSXV:VMC - Post by User

Bullboard Posts
Post by PruneFaceon Dec 22, 2015 3:03pm
119 Views
Post# 24405829

Financing Closed

Financing Closed They wanted $3.5 million but got only $1.77. The 'responsive' management was more like 'desperate' when they opened up to retailers. Now, in retrospect, one may even consider them 'incompetent' 'dummies' or, at the very least 'gullible' for falling into Salman's web of deceit (lies?). (by the way, Salman voluntarily closed they're doors to business last week, so what does that say about them in the middle of a financing?) Next time a group comes courting, perhaps the BOD/CFO/CEO will think twice if not offered a bought deal. It will take some good numbers to regain the confidence of the market. It's done like dinner for now.
Bullboard Posts