Electrameccanica Vehicles Corp (SOLO)

[dcvancity]

This just goes to show, that the pre-order announcement that generated the spike was all fluff.

If a material amount of those pre-orders had paid a deposit, they would opt have needed any more $$$ for quite some time.

They were burning $2.5M per quarter on average, and needed to make a $6M payment to their Chinese manufacturer for the construction of moles. This payment and he standard burn would just about have used up all the $$& from the last financing round.

Q2 financials should be out at the end of the month. Then we will see how much or how little cash they have on hand in real deposits from potential customers.