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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 Jan 13, 2021 11:42pm
97 Views
Post# 32291788

RE:Listen you can spin it all you want.

RE:Listen you can spin it all you want. Can't pay it back if you don't have the consistent revenue to do it; only other option is dilutive equity issues which will be the game plan for the U.S. facility I am sure. Although given low rates debt is cheaper but the fact they are paying 10% on the loan maturing in March should tell you something about the risk here.
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