RE:Lights out for Exro??Beret888 wrote: Who would buy this offering? Management costs are 1x sales forget production costs.. Sue and her gang of misfits suck out all the air in the room paying themselves before you add in the cost of actually making something (which they lose money on too look at COGS, margin is very negative) This garbage trades roughly 200k shares per day. How would an investor get out if they owned more then the retail average of 50000 shares?? In the likely event your losing money you cant get out to stem the losses... This offering is DOA, if it fails then insolvency is next... Had Exro wanted this to be successful they would have announced the reverse split first, no investor is buying a 750 million share float thats illiquid staring down reverse split risk.... DOA, hopefully they fire Sue for cause or at the very least go after her personally so that she has to spend millions defending herself and hopefully bankrupt her..... Thats about the best bagholders can hope for at this point.
Presumably without an Exro endorsement!
Company to Showcase VMC 1200 Class 3 Electric Truck at Booth #CV50 September 6-8, 2024
VANCOUVER, BC / ACCESSWIRE / September 6, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will showcase the VMC 1200 Class 3 Electric Truck alongside dealer partner Pioneer Motor Group at the "Everything Electric Canada" show taking place September 6-8, 2024 at the Vancouver Convention Centre in Vancouver, Canada.
Everything Electric is a global event series focused on promoting EVs, renewable energy, and sustainable tech. Organized by Fully Charged SHOW, known for home energy and electric vehicle content, the events educate and engage industry professionals and the public, driving the transition to a cleaner future.
Everything Electric Canada
Date: September 6-8, 2024
Location: Vancouver Convention Centre - Vancouver, BC, Canada
Booth Number: #CV50
Vehicle on Display: VMC 1200 Class 3 Electric Truck
"Everything Electric Canada is a leading number one home energy and electric vehicle show, as well as a premier event to showcase the latest technologies, fuels, services, and vehicles driving the transition to low- and zero-emission transportation solutions," said Brent Phillips, President of Vicinity Motor Corp. "For the second year in a row, we are excited to showcase our VMC 1200 electric truck for the estimated 25,000 attendees, up from the 17,000 who attended last year. Last year we had a great turnout and excitement around the truck. We are looking forward to meeting with potential customers and fleet operators from around the world, presenting an incredible opportunity for us to showcase our newest electric vehicle alongside the Pioneer Motor Group team to a highly engaged audience."