Doesnt matter they built cars or not, they cannot pay their debts, their employees, their vendors and suppliers, they are not going to build their way out of this. In fact their car sales have in fact declined during this reporting period, so sales are even slumping, they are not going to build their way out. Revenue is DOWN!
They reduced losses by cutting over $400,000 in SALARIES, they cut workers because they dont have the volume of work, they cannot pay people their full salaries, many are working at REDUCED salaries currently. That isnt a positive event, there hasnt been false statement made yet, they are fully backed by the very 10K and 10Q provided.
False statements are being made that there is any hope, because cherry picking tiny pieces of data out of the whole is bad analysis.. period.
In fact so far I have shown to be correct the past two years as opposed to the 99.94% loss realized by the opposing opinion to date.
