Vicinity Motor Corp V.VMC

BUS is part of the pumping up game

[Jeff Smith]

A person must be blind not to notice:
1. the sequence of events - presentation, stock price jump, rich tv interview.
2. talks about nasdaq

Mr.Answer is right. BUS must learn first to deliver and not to rely on additional money via pumping up the stock with illusions for the bright future.

The history shows the price reached $3.50 three years ago, pumped by the same master minds and dropped to 23 cents.

Let's not forget that US enforces 25% duty on chinese products, the factory in washinghton is not ready yet and hence no expectations for massive orders from US in 2021.

Will the stock price continue to rise? Hell, yes. Shall we expect the price to plummet? Hell, no?

[graduallygetthr]

I certainly wouldn't be buying in. The enthusiasm will die out faster than you think. Will it gain another dollar? Perhaps, but that's a gamble I'm not willing to take.  It's sad that most investors don't really grasp what sort of volume in sales is required to justify this price, not to mention a higher valuation. 

[Mazz45]

On the one hand I agree, it has run a lot. On the other hand with the upcoming Nasdaq listing, any which way you compare bus to any EV stock, even microcaps, the market cap is way too low comparatively. look at SOLO or FUV with a fraction of the revenue and over a 600M USD market cap.  Look at GP which is the best comparable. Even at $3.45 bus is at half the market cap of the companies

[CptJamesCook]

The most important thing is to exit when the time is right. Years ago, the company was about to be acquired, etc. and everybody was buying and stumbled about $3.50 and since then the stock plumetted to 23 cents. Not saying this is what will happen but for this reason everybody who cares about the company can join the pumpers and buy more stocks to keep the price increase or at least stay at this

[graduallygetthr]

The company doesn't have sales, it doesn't have pending sales, the sales from 2 years ago is what the CEO hopes will make a great quarter, and if you read on other boards there is total misinformation. People are claiming that BUS has orders for 90 buses in the U.S. The same people are spouting claims of weekly orders.  It's this sort of b.s. that keeps me on the sidelines. Again

[5rockies]

True, the company has order of 6 busses and every other delivered bus is something they failed to deliver last year(s) and for which they have collected the payment.  Is the stock worth $3.50 ... not now. We need to see partnerships with software companies like Lyft, etc. making these busses artificially intelegent, and with a remote control if needed. Without these, something I did not hear