I added to my position today (added 150,000 shares). It seems to be basing here.
We are in the early stages of development for this company and the stock price reflects that. As they begin to sell vehicles the stock will move to a much higher valuation. I believe that the company will sell closer to $100 million of various vehicles, especially if Bill Rex can make the connections he wants and Skywell’s buses are as good as we think we they are (40-50 buses sold in the second half of 2021 would add $40 million to sales all by themselves.).
I think the following year, 2022, the company could sell over 100 buses, and thousands of Utility EVs to govt agencies, stadiums, universities, municipal parks, etc.
The Skywell SUV ET5 will get a lot of publicity and probably a lot of sales, so it’s additional sales will create excitement. I have no idea however how many of those Imperium will sell through the dealer network. 20,000 SUVs per year at $30,000 a piece ($22,500 to the customer with the Federal rebate) is $60,000,000.
I expect $3-5/share by the Spring of this year and $5-10/share by the end of the year.
All the traders here will be gone soon. As the stock gains credibility it will gain a new class of shareholders, people who will take it to the next level. I see people on this board who understand where this company is going, but most here and at the FB site are newbies who are asking for advice or stock price projections. Those are not investors and are not likely to stick around.
Good luck to the long term investors!
