Wednesday, May 23, 2018 8:29:08 AM
1) The are being held up by the governing bodies (SEC, FINRA, etc) and are requiring additional screening due to the size of what is anticipated to be rolled out. I am highly speculative that approvals would just be handed out willy nilly. Lots of DD goes into it when jumping the pond via the pinks.
2) The company is being very strategic with their rollout. Why would they roll everything out in advance of any positive sales strategies or incremental revenue? They are JUST in the midst of building these production bases, and while there are a few that are in production, I believe I heard that the full approval of the vehicles has been established yet within China. I heard they are also awaiting approval for various rebates to be approved by the government when purchasing the cars. When all of this is in place, it will only increase purchasing power, and in turn, market value. Isn't that what we want?
Why rush for minimal returns when you can wait for maximum value?
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