Workhorse Group Inc (WKHS)

[busterator]

Re: I thought they were going to sell surefly

They have to. But they need a buyer that will produce cash proceeds > $20M first. What's worth $20M on the Bill of Sale from last year's filings? The aircraft does not have (and has never had) the hybrid energy system described in PR's, and it doesn't exist on a test stand, either.

Also the airplane has gotten really chubby, with planned MGTOW rising several hundred pounds. The result is a massive power requirement that can't be met by any existing practical piston engine, so an expensive gas turbine will be needed. Cost to build will exceed $200k, so it's toast.

BTW, the CRADA doesn't mean anything to the value. No funding to commercial entities is allowable under CRADA agreements. See...

https://www.arl.army.mil/www/default.cfm?page=14

Finally, who is the US DoD signatory to the CRADA? There is no such thing as "the Military" as a signer, as stated vaguely in the PR. Which branch/agency is the counterparty?

Figger it out, guys. It's over.