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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 wallpaper2on Oct 10, 2017 11:50am
248 Views
Post# 26794703

What bothers me and what I have noticed..

What bothers me and what I have noticed..The last release or two was used as a opportunity by large share holders to unload stock.
The news release today says "deliveries will begin arriving in Atlanta in December."  They won't be made in the USA when they arrive,  just the shells will start arriving at 10 per month. Factor in the inefficiencies and learning curve BUS have mentioned on several occasions [only 5 finished buses a month initially] and you have zero earnings for MANY more months, If they start cranking out 5 per month in Jan or Feb. that won't help the quarterly reports until approx. August  2108 at the earliest. The eps will be miniscule initially.  What happens if there is further dilution and we go from 75+ million to 95+ million shares outstanding in the meantime. All the good news in the world won't move the needle if we don't have earnings and good profit margins to report.  Aldergrove had to sell their buses to BC transit for approx. 13% profit to get moving. We are going to have to wait several quarters to see what Atlantas true profits will be. You can make all the pie in the sky projections you want but we still need healthy margins and we aren't even close to seeing them yet.  I don't think it matters what announcements or releases they may make. Hype isn't enough at this point.....ONLY the bottom line counts now.  jmho
Bullboard Posts