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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 30, 2017 6:19pm
201 Views
Post# 26878845

Are we missing the point here?

Are we missing the point here?BUS went to RBC for a reason.  They are in financial need!!  If you have used your line of credit elsewhere and you need more money, you need to find deeper pockets. Maybe BUS can somehow return RBC's favor down the road?  RBC doesn't take risks without a reward.
BUS has lost money year after year for so long I have lost track [averaged $4 million/year]. They had to practically give the buses away to get them in circulation. That is why BUS is in trouble, and why competitors have  given them this segment of the market.. Competitors aren't prepared to lose money just to put buses on the street!  BUS still hasn't generated enough profit to avoid going deeper into debt. Things aren't going to change anytime soon. 
Where there is SMOKE there is FIRE.  A key employee who less than a year ago was badly needed, is fired. An outstanding Director quits [nobody quits just prior to a big breakout.] Their REPUTABLE, long standing accounting firm is fired. All this is not a coincidence folks.
TV/Radio hosts....analysts....news letter writers etc. can all be bought.  You CANNOT buy off a Auditor or Accounting Firm.  If you don't like what the auditor says, you have to hope the next one will be friendlier. The next one wants more clients and maybe they will look at things thru rose colored glasses and change the wording for you? 

Bullboard Posts