ELMS / formerly SPAC FIII - the morning spike from low $10s to low $11s sold off but nice big buying came back in and now stock is up just touching $12. Finally in the green, with a big position now.
ELMS (Electric Last Mile Solutions) has so many positives to distinguish it from most of the rest of the EV field.....
All four S.Alpha articles posted on FIII (now ELMS) are positive, and provide some of the many positive investor arguments.
ELMS' presentation from March is also worth examining. I would expect an updated presentation any day/week now, given that the co. is now infused with a few hundred million in cash and ready to roll off first major production wave this fall. (Most recent SEC filings were saying "by late Sept.")
Co. claims to hit breakeven point by latter half of 2022.
Their new Class 3 truck cab should steal a lot of marketshare just as their imminent Class 1 delivery van, with its oversized cargo space and very low cost of operation/servicing, should take a lot of marketshare from current gas-powered class 1 & 2 vehicles.
Everything looking great thus far for ELMS and the FIII investment.
