Monday, December 12, 2016 3:12:39 PM
Lol. That's what I said, thanks for confirming. Check out page 8 of the 10q it has a break down of where that 5mil would go and yes R&D is part of it.
And yes they do have plenty to commercialize. I mean they could commercialize the scooter they built their just not in the scooter making business.
5mil is nothing to that group mentioned in the Bloomberg article.
Just out of curiosity, do you have any knowledge of how VC works? A lot of these billionaire investors have to invest in many failures before they have one that may take off and net them $$$$. That's the risk we take to progress our civilization.
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