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Vicinity Motor Corp V.VMC

Alternate Symbol(s):  VEV

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 Dec 24, 2020 10:52am
183 Views
Post# 32177385

RE:RE:RE:RE:... Target $12.20

RE:RE:RE:RE:... Target $12.20 Saying sales volumes dont matter is crazy. A business is worth its assets minus its liabilities and/or the present value of its future cashflows. No sales no value and the company is done. A business can survive a while without sales if they have enough cash on hand, etc. but that is not the case for BUS. They have a debt coming due in March of 1.75mil (which they pay 10% interest on which should tell you something) and they have already drawn almost $4mil on their line of credit. If they dont get some sustainable sales they will have to continue to issue equity to survive which lowers the value of the existing shares we all own. Like I have said before I am long and want them to survive and understand that if they do get some decent sales this thing will sky rocket. Honestly, the only thing that keeps me long is there is decent insider ownership and I would like to think management would like to grow the wealth they have invested in this business over the long term. If it wasnt for that I would be out as mgmt has been touting this great sales pipeline for months (listen to that last 4 conference calls) and not much has materialized. Some of the comments posted on these forums is as bad as some of the fluff news releases this company puts out and your comment that sales volume dont matter is pretty bad. This business does not have the time or assets for sales volumes to not matter. 
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