Electric Last Mile Solutions Inc (ELMSQ)

[value1008]

Here's something that spooked me about ELMS-- i never mentioned it on this board before. But it's something that needs to be watched..... Back on Nov. 15, 2021 i emailed IR guy Erik Grossman:

Dear Erik,
[...] the most recent 10-Q document from ELMS contains this passage:

Pursuant to the Agreement, Randy Marion will purchase and ELM will sell to Randy Marion a total of not less than 6,000 of the initial 8,000 Vehicles manufactured and produced by the Company (the “First Order Requirement”).
In connection with the execution of the Agreement, Randy Marion issued a purchase order for 1,000 Vehicles.
Pursuant to the Agreement, Randy Marion is required to issue another purchase order for at least 1,000 Vehicles on or before [Monday] November 15, 2021 and all additional purchase orders required to fulfill the First Order Requirement must be issued by February 28, 2022.


I hope that we hear a news release about such a P.O. very soon, since today (Nov. 15) has come and gone….
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Well, Erik never replied to my email (he was the one who had initially reached out to me after i posted an informed comment to a SeekingAlpha article about ELMS last year).

One could argue (as i did in my own mind) that Randy Marion held off on further committed orders due to the delay of NHTSA homologation, but the continued silence from both the NHTSA and Randy Marion is ominous to me.