OMGI don't believe it. When I first heard about bus, someone in Duncan was trying to raise capital to build double decker buses. Apparently BC Transit wasn't interested but said, if you build 27-35 footers and sell them cheap we will be interested. Those original investors still appear in early filings. Rightsizing the Canada wide transit market was the ticket. GWT designed and built the right sized buses and BC transit and other provinces started buying. They say they never lost a bid. Unfortunately they never made any money either. So the US became the ticket to riches. Rightsize that huge market and we will all be filthy rich. So the Atlanta assembly plant was built after many, many months of changing their minds and it would be "buy America" compliant. Buyers would be pounding our door down. We were going with clean diesel and cng. No big gas guzzling, environmentally damaging gas engines for us. Cutaway buses were trashed and garbage. We had captured the transit market in Canada and now we were targeting the big US transit people like MARTA. We were going to right size America. Today, Confident DD says we were never targeting the Public Transit market after all, but were targeting the Private market instead. We don't need to rely on the Atlanta facility because we don't need Buy America. We didn't need to waste this past year working with ABG on the Atlanta facility. We were after the private sector all along and we can have the buses totally built in China and shipped to the US. We are now in that nasty Cutaway market they didn't like, complete with gas engines. Thats our future folks. Do you get the feeling the CEO has no clue, never did his homework in the beginning, had no reliable plan and is flying by the seat of his pants. Now they wonder why things are falling apart.
Are things falling apart because of a bad COO? A bad director? A bad accounting firm? A bad auditor? A bad bank? Poor TV coverage? Bad people like Bruce Campbell? Bad posters on stockhouse? Short term investors? etc. etc. The list gets longer every week. Maybe GWT needs bigger changes within or just hurry and sell out asap. You can't keep blaming others and just keep "winging it." Some day they may get lucky but it won't be from having any smarts.