It would be nice if they tell us specifically what it is going to take for them to fulfill orders. Their SEC filings mention testing to ensure it will not interfere with existing standards on trucks and testing to make sure the warranty will be maintained despite pulling a vehicle's original axle and putting in a bifurcated axle. BTW, it should all be o.k. to do because other companies do similar after market things. Still, it would be nice to know where in the process they are in getting this approved.
As for orders recall in 2014 the ultimate power truck guy made a $1 million with a 40% down payment that has been tracked in all SEC filings since (it was supposed to be 50% downpayment according to PR in May). In the recent video demonstration he calls this same guy out as chomping at the bit to get his Ultimate Power truck business moving. They have been tracking the $400,000 as a customer deposit. Being able to move that from deposit to revenue would give the product more credibility with potential buyers and investors. Not to mention having them available to rent would be a form of advertising. They say they are past proof of concept so why not just fulfill this order? My guess is they are not in a position to actually delivery any product because of the previously mentioned testing that must be completed first. BTW, they PR'd this order so I do not think they are sitting on and not talking about orders now, if they had them they would PR them to boost stock price.
As an aside, the latest filing went back to saying they needed 6 million for the next 12 months. I think each quarter they take the last filing for that same quarter and cut and paste a few sections into it and update the $$, because I'm pretty sure this isn't the first time I saw the required cash dip then jump right back up. I don't think much thought goes into these filings.
