Bullboard - Stock Discussion Forum Vicinity Motor Corp V.VMC

Alternate Symbol(s): VEVMQ

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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... see more

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TSXV:VMC - Post Discussion

Vicinity Motor Corp > ... Target $12.20

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Post by DumbCanuck on Dec 09, 2020 8:49pm

... Target $12.20

Isn't it obvious that management has something up their sleeve that will make sense of all this?

- New PR team
- New facility coming in USA
- NYSE / Nasdaq listing in development
- New e-bus designed & ready for build
- Signicant buying w/ price runup as significant positions established

I'm not the sharpest knife in the drawer but have a feeling moneys knocking...

Maybe BUS has been approached by some billionaire who likes the bus biz?

Or maybe ... insert US automaker name here... Workhorse, Ford, GM, Tesla?

Great press release... "Tesla to Buy Canadian e-bus Company for $2 Billion US Dollars ... "

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Comment by BigPines on Dec 09, 2020 9:33pm

Lol..

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Comment by graduallygetthr on Dec 10, 2020 12:11am

What a moronic statement. Why are you commenting if you haven't taken the time to review the key metrics? 2 billion? lol... At least your nick is appropriately titled. The significant buying was mostly pumping, which saw one party liquidate a 500 000 share position in a minute. This stock is treading water b/c once something starts moving it attracts flies. The plant won't be ...more

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Comment by 5rockies on Dec 11, 2020 4:06pm

The guy went a bit too far with the fantasy but the company is still in a good hands and shape. Not like NXO, which members cult has seen no product for 4 years in a row. This being said, BUS long-term prospects are good. I would put some money and come back after 2-3 years to reap what i sow.

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Comment by DumbCanuck on Dec 23, 2020 6:50pm

Exactly 5rockies.... I was goofing (a little)... At the end of the day it's a solid company trading nicely, forming a new base as they prepare to jump into a new year wiht guns blazing. .... and grumbling about sales volume doesn't make sense either. With Covid distracting govenrment agencies, public lock downs, american cities on fire for a variety of reasons, - it seems they're ...more

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Comment by MrAnswers on Dec 24, 2020 10:52am

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 ...more

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Comment by StockGiba on Dec 25, 2020 2:25am

Hopefully you cover your short. Sales will come. This year with more normalcy should see more spending in this sector on both sides of the border. I don't see $12. But 4-5 is a reasonable target with a US uplist, successful development of EV platform and timing of sector hotness(promo)

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