the Q/Q numbers won't be "stunning" because they needed funds to grow the fleet vs just increase wallet share with the existing fleet.
reality has that with $15mm they'll get no less than 5000 new cars with revenue to EVMO of $20,000.00 per car.
you run the math and without new equity issued the valuation at 5X revenue while Uber is 8X revenue.... its a $12 stock at minimum in 18 months, everything else being the same.
$6 was expensive a while ago. today the valuation is very reasonable with a tiny footprint and etc..... $2 is a fair price.
with the $15mm funding, we have to see how quickly they buy cars, lease them to new drivers, and scale the business.
every quarter from here moving forward will be a very large revenue jump.
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