Thanks for the mesg nowwhat2,, I'm thinking they listed in US to gain more attention and expand business on the west coast states as there is a decent demand in California,, I honestly can't recommend you to get involved with this one,, please do your DD and don't trust ANYONE on any boards,, I am down huge as my instincts were wrong about this company,, the 'fluff' PR they put out about the 64,000 orders obviously didn't mean anything to investors given current share price. Those are just mainly orders on paper without a secured deposit,, mean nothing for financials but does give some slight optimism that a few are intrigued or interested in the single seater vehicle or Tofino 2 seater to come out later 2019.
Right now SOLO needs to come out with a plan to fulfill the 5000 orders they promised by end of 2019,, today's PR was another fluff one IMO,, who the heck heard of that guy in Washington state who owns a repair shop and likes the vehicle,,, first get another dealership or two in Northern California before you think about Washington and Oregon as both states are more interested in Starbucks, Five Guys burgers, and weed lolzzz.
Today's volume was good to see and I will say that it is a possible sign of some big boys adding. One thing is that this is a minimum 12-24 month PLUS hold if you wanna see decent gains,, that run to $7+ because of PR that day won't happen again,, sure the float here is relatively small but a double from current pps would be stunning at this point ,,, if you got time to hold that long you will reap some rewards IMO. I believe Company should address that seeking alpha article with the negative info and confirm that the accusations were 'somewhat false'
Share prices that I see in the next year are as follows and of course IMO
Dec 31st (half day trading)
$1.74-$1.81 range
Feb 14th
$2.08-$2.16 range
April4th/ 420 day
$2.52-$2.64 range
July 2nd
$3.11-$3.20 range
August 5 Vancouver pride parade
$2.91-$2.99 range
Dec 24th (half day)
$3.77-$4.05 range
July 2nd 2020
$6.82-$7.25
Gl and a great weekend and trust NO ONE but your own DD and judgement
$inai
$SOLO$
