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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

Comment by MrAnswerson Nov 16, 2020 11:46am
144 Views
Post# 31906764

RE:RE:All electric EV Bus !!!

RE:RE:All electric EV Bus !!!I guess you could say they now own land in border town USA which has a surplus of land. Reality is for all their news releases they still are not selling enough busses to be long term viable and buying land, or anything, through dilutive share issues sucks for existing shareholders if  those land purchases do not result in a decent ROI. Management constantly parades "the contracts are coming" theme but they seem to be few and far between. Constantly issuing new shares to survive is a terrible business plan. I own shares in BUS and I want it to do well (but am also prepared to lose it all as this is like gambling and by no means an investment), but I am also a realist and until they actually sign some decent contracts with someone other than BC Transit I am not holding my breath. How long until they start issuing shares to pay for all these EV commitments to LION, etc.?
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