Ideanomics Inc (fka IDEXQ)

[StrikeWilliams]

You’re new to this company, eh?

A few years back, Ideanomics was going to start a “fintech village” and bought some land that required a whole bunch of demo and remediation. They had a loan secured from the state of $10 million to do the work but no one else signed on to it. They gave up and focused on china ev stuff. They never received the loan because they didnt get far enough into the work. So far no one has expressed interest in purchasing the land. The town wants someone else to do it so they had a right of refusal but that expired at the end of 2020.

Imo they should have followed through. It would be tough but it would pay off in time. This is why i continue to be skeptical of leadership here even as i buy. Their success is going to depend on outside forces. Not their effort. I am open to be proven wrong.