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66Mustang

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66Mustang

Re: None

Tuesday, 09/20/2016 1:35:06 PM

Tuesday, September 20, 2016 1:35:06 PM

Post# of 140510
Can anyone loosely account for how this round of financing is likely to be spent? If $5.3M is for software development and we owe $2M back to China, that leaves $300K to finish EV5 and get to the design freeze. Obviously not adequate. Their financial needs far exceed this monetary infusion. I don't know how they plan to stretch this cash to the end of the year unless most development remains paused.

Does anyone know what their actual plans are for this?
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