United Rail Inc. (URAL)

[just Scottie]

This was his answer on LinkedIn: Amongst the shutdown in the passenger rail business, United Rail continues its project planning to run the Las Vegas Xpress in 2021. We have invested over $50 million into the development of the project, which is to run on the existing tracks between LA Union Station and a new station to be built in Las Vegas.

We are on pause while we all contend with the COVID-19 pandemic in the country. Hardest hit is the passenger rail business, which has virtually been eliminated temporarily. We have seen commuter rail suspended, Amtrak suspended, and the Briteline company halt service and lay off its workers.

But this is temporary. Once the virus is controlled, Nevada will open up again and we will complete our agreements to operate passenger service to Las Vegas. Our project plans a Phase 1 investment of $100 million to run 80 mph trains and then a Phase 2 high speed infrastructure investment of $400 million to upgrade the track to run higher speeds of 120 mph.

So, for now, we are all on pause. Stay safe and we will be back soon.

Where in the HELL is he getting that money and if he does have investors willing to invest that much why is this stock stuck and LVXI at 0001? We should be soaring if there are people who believe and willing to invest hundreds on millions right?