Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Pandoraon Aug 16, 2024 12:06am
132 Views
Post# 36181922

RE:The worst part

RE:The worst part
The last time the company went through this type of scenario it was after W. Trainor stepped out and gave the reins to the sales manager. The Company was then known as GrandeWest Transportation. It ended with Trainor coming back in and running the show again.
This time around he is staying on as CEO but again has given the sales manager an upgrade to the President's seat. With two of them working on a rescue plan can they put something together for alternative financing?
Having the employees off work is not a good thing but if it can be reined in at a couple or 3 weeks it can take the place of a summer vacation -- although 'with pay' would be a lot better.
If they have a backlog of secure orders there should be someone willing to put up some funding.
<< Previous
Bullboard Posts
Next >>