Followers | 24 |
Posts | 9085 |
Boards Moderated | 2 |
Alias Born | 08/17/2015 |
Tuesday, January 10, 2017 4:08:47 PM
So the future for WPRT in the US is on hold for at least 4 years... And WPRT doesn't have that much time left.
And China is not the life ring. China needs quick fixes, and adding NGVs at a few thousand per year will take decades before a positive impact is felt. Don't forget the millions of conventional vehicles running around China, and still will be in 10+ years. So China is too slow too. And Cartesian owns the China side of the business, so no monies from China.
Now factor in that there is little cash coming in, and the debt is due in a few months. What do you think will happen then? Covenants will be broken and Cartesian pulls their trigger... You might want to reread the TOXIC FINANCE AGREEMENT. IT AIN'T PRETTY.
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