Good Morning,
I hold a position in LOTE.
This company has a tremendous amount of potential. The EV recharging stations is an absolute winner.
The Canadian Government appears on board with this issue' business model. Obviously it doesn't surprise me they are. lol
Even they got a strong indorsement from the GSA.
"The U.S. Government recently approved Lot78’s electric vehicle charging station passed the requirements, as well as waiting periods, to sell its products through the General Services Administration (GSA) marketplace for various Federal Facilities across the globe. Now, the GSA is an independent U.S. Federal Government agency that aims to manage and support the basic functionality of federal agencies."
The SS is attractive and most shares are held by one individual (CEO).
They are also working with the Los Angeles Water and Power (LAWPD) in an innovative pilot program, which uses light poles and the electricity in order to install electric vehicle (EV) charging stations.
Yes indeed. I see a real positive result for this company and as more sales materialize this will go up.
Currently the MC is around $163m, but once sales start flowing in this will seem a rather small and the cash flow is negative, but I feel this will improve over time.
In all, I feel the companies business model and it's contact with various government agencies, I see a huge potential and the environment is ripe for this industry.
Have a good day
varok
