Vicinity Motor Corp V.VMC

RE:Management Changes

[ConfidentDD]

Wow.  Can't expalin all the code in that message.  Apologies.  Its stockhouse.  DD

ConfidentDD wrote: As with any change in managment, it takes time and discussion to really wade through all the impacts.&nbsp;&nbsp;<br /> <br /> Having spoken with the company and around them, this change is worth waiting for the results.&nbsp; The thing for BUS managment and Board is to strenghten its execution on three things as absoutely as fast as they can.&nbsp; These are bus deliveries, sales and backlog build up, and financial reporting.&nbsp; Landry is at least energetic enough to bring leadership to all of these areas, if the exectuives below him are quailtiy, commited and capable managers.&nbsp; We are aall going t o have to find that out as we speak with the comany over the weeks ahead.&nbsp;&nbsp;<br /> <br /> There are very fair comments on this board about how on earth this company only focussed on deleivieries last year and now its the year of sales.&nbsp; Have to chaulk that up to Trainer.&nbsp; Hope he takes his Presidnet role less regally and takes on the bus delivery responsibilites becuase theyhave to do 300+ this year.&nbsp; &nbsp;Landry has to bolster the sales effort but he was the sales effort so he&#39;ll have to build a strategy and team to execute.&nbsp; We beleive he has a plan and its rolling out now.&nbsp; &nbsp;&nbsp;<br /> <br /> We think the the finaince department needs a new executive.&nbsp; Just no reason not to be ready to report a year end and Q4&nbsp; two months after rather than 4.&nbsp; &nbsp;None.&nbsp; This is probably what the market reation is about now - the need to wait.&nbsp; Numbers are likely ok even if they may not have deleivered 200 buses by year end.&nbsp;&nbsp;<br /> <br /> This is not a governeance improvement fully, but its a start.&nbsp; &nbsp;Landry should be on the BoD.&nbsp; Lagourge should leave the BoD and take up full roles in cap markets (until a decent CFO comes in) Communications and operations (a COO role).&nbsp; That actually makes sense rather than the current structure.&nbsp; They need two new BoD members - fresh perspective, energetic, relevant.&nbsp; Someone needs to be accountable for bus deleiveries if its not Trainer.&nbsp; They cant decentralize that role and expect everyone to do their parts, if there isnt an executive lead.&nbsp; That could be LaGourge as COO.&nbsp; The main point is, there is more to be done and fast, like weeks not months.<br /> <br /> Alot of gnashing here about the share price but we&#39;re not bothered by it becuase we are buying.&nbsp; Some are even prone to be technical analsyis gurus and are predicting floor prices etc.&nbsp; We&#39;re not hearing any of that in the investment community.&nbsp; So fear mongering will continue to occur in places where it always does:&nbsp; anonymous chat rooms&nbsp; by some very strange people.<br /> <br /> Lastly, contrary to some comments, BUS is still taking market share becuase the innovation has been proven in public transit, and its ease of replacing old cut away technology in the private market is obvious.&nbsp;&nbsp;<br /> <br /> Overal, this is the year that BUS managment has to deleiver across the board.&nbsp; Its more of a transformation year than last year and that is just the tall order that high growth companies face.&nbsp; There is no sitting back and there is no excuse for failure or delay.&nbsp;&nbsp;<br /> <br /> GL&nbsp; DD<br /> &nbsp;