$MSTO lender, etc response
Unfortunately Eric has Josh over a barrel. Josh should have negotiated the settlement of the toxic note when he came on board but that is a thing of the past. Part of the reason the note was settled is the new climate change on toxic lenders and notes. It appears Eric has approx 700M of the 850 AS. While we are not at liberty to discuss Eric at length doing some DD on your own you will find his involvement is less than sincere. Josh has no choice at this point but to try and complete the builds to avoid further indebtedness and begin to fund the projects on the sale of the props. The company as we know has lost 94.6% of its value since he took over. The Q3 does not reflect any internet sales, Jtec sales, and shows management fees from an unknown source. If you look over the past PRs you will find there is some missing info as we will leave that up to you to discover. We are pot committed at this time vested in the company PPS hovering around 32 and yes we see the pressure towards the 20s. This company moves on PRs and the lack thereof results in a dismal performance. We get his effort but he is missing a key business component towards success a COO who would be the glue for both the builds, cars, internet, future growth, and "accurate Q reporting". While Josh's title is CEO his role is more likely a director/team leader in a subsidiary of the company. In addition, the Q3 has several errors which he will at some point will want/need to clear up. We are trusting he will figure this all out as he has not taken to heart nearly any of the suggestions from his stockholders. Hopefully the PPS and company get turned around...
