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Lots of interesting stuff in the latest financials:

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Small Company Offering and Sale of Securities Without Registration (d) Edgar (US Regulatory) - 6/19/2019 2:19:48 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 5/28/2019 2:23:53 PM
Electra Meccanica Announces 2019 Annual General Meeting of Shareholders GlobeNewswire Inc. - 5/28/2019 8:31:00 AM
Small Company Offering and Sale of Securities Without Registration (d) Edgar (US Regulatory) - 5/28/2019 6:04:31 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 5/24/2019 6:03:08 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 5/23/2019 5:24:35 PM
Electra Meccanica to Attend Upcoming Investor Conferences in June GlobeNewswire Inc. - 5/23/2019 8:31:00 AM
Small Company Offering and Sale of Securities Without Registration (d) Edgar (US Regulatory) - 5/22/2019 1:26:31 PM
Small Company Offering and Sale of Securities Without Registration (d) Edgar (US Regulatory) - 5/22/2019 1:17:13 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 5/21/2019 3:58:11 PM
Electra Meccanica Obtains $2,500 Consumer Rebate Designation from the Oregon Clean Vehicle Rebate Program GlobeNewswire Inc. - 5/20/2019 8:31:00 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 5/8/2019 6:34:37 AM
Electra Meccanica Reports First Quarter 2019 Financial Results GlobeNewswire Inc. - 5/7/2019 4:30:00 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 5/7/2019 4:10:44 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 5/7/2019 6:07:41 AM
Electra Meccanica Obtains Vehicle Consumer Rebate Designation From California Air Resources Board (CARB) GlobeNewswire Inc. - 5/6/2019 8:31:00 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 4/30/2019 6:10:27 AM
Electra Meccanica Granted Patent in China for Proprietary Battery Cartridge Design GlobeNewswire Inc. - 4/29/2019 8:31:00 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 4/18/2019 2:29:27 PM
Amended Statement of Beneficial Ownership (sc 13d/a) Edgar (US Regulatory) - 4/16/2019 3:29:22 PM
Amended Statement of Beneficial Ownership (sc 13d/a) Edgar (US Regulatory) - 4/15/2019 6:05:42 AM
Electra Meccanica to Showcase SOLO Electric Vehicle at Advanced Clean Transportation EXPO in Long Beach, California on April ... GlobeNewswire Inc. - 4/12/2019 8:31:00 AM
Consolidated Research: 2019 Summary Expectations for Splunk, Lexicon Pharmaceuticals, Cognizant Technology Solutions, QAD, Wa... GlobeNewswire Inc. - 4/10/2019 8:45:00 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 4/2/2019 12:47:54 PM
Electra Meccanica and Apollo Brands™ to Collaborate on Colorado Distribution Program Using SOLO EVs GlobeNewswire Inc. - 4/2/2019 8:31:00 AM
dcvancity   Monday, 04/01/19 03:53:44 PM
Re: None
Post # of 785 
Lots of interesting stuff in the latest financials:

The highlight for me is the ever diminishing amount of customer deposits on hand. The dollar value of deposits on hand dropped by more than $100K from Sep 30.

Here are the reported values being held for the past year:

12/31/2018 303,076
9/30/2018 408,912
6/30/2018 410,774
3/31/2018 407,844

This would suggest that More than $100K of deposits were refunded in the last quarter, with no material sales being made!!!!!

But wait, they seem to have quietly restated the deposits on hand. Previous to this year end report, it looks like they had been including "Construction contract liability" in with Customer Deposits. This meant they had been overstating the amount of contract deposits on hand by $80K-$90K until now.

The Statement of Cash flows seemingly tell the full story. This shows that Customer Deposits decreased by $44,288

This is probably 40 or so people getting their Tofino deposits back.

But the trend definitely shows that they are gaining ZERO traction with selling Solo's.

Lot's more fun stuff in the MD&A.




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