Thursday, October 17, 2019 11:21:02 AM
It's interesting that these were supposed to be produced retail available for purchase by Christmas of 2018 and as I was wondering "how were they going to get away from THAT hard deadline if this is a fraud" they pivoted to commercial sales with "just in time" manufacturing as time to market was supposed to be so important and now they are "no rush" as for some reason these ride share clients would rather wait forever to buy something from a company with no expertise, 2 part time employees, and no financial resources rather than from any of the many EV motorcyle suppliers already producing (but this will have a sidecar which is so difficult for anyone else to make if it is truly needed (not)). Of course a large wholesale strategy makes sense (if it were realistic that anyone would do business with an untested firm with no resources that its accountants had going concern issues about ) but it is interesting that it didn't occur to Randy until another pumped milestone was about to be missed. The Texas revenue was also announced long ago - these buyers are super patient - I would imagine I would be fired if I were in charge of the EV bike ride share business at Uber or Lyft or a smaller start-up and had to go into every meeting saying "we are still waiting for this OTC firm with more debt than market cap, consulting revenues only, and no full time employees as they continue to test and prototype" - what nonsense.
Also, dont get all excited when that footage of the ReVolt bike finally appears - wait for the revenues - LEXG had video of their SonCav "magic steam machine" for years and never had a sale and then famously folded both the SonCav business and their mythical oil drilling business.
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