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Tuesday, May 14, 2024 5:56:39 PM
I did see the 10-Q. $0.00 in revenue, and $19.7 million in unrestricted cash. The rest of the cash is part of the ongoing resolution of lawsuits, I believe. Nothing really new or unexpected here. Their claim of assets include cash (we knew that), the potential for gains from the Foxconn litigation (we knew that, though there is a disagreement as to what those may be in actual value), possible gains from other litigation, and the NOLs (we knew that also). Nothing really new there, though it does prove they don't have any other revenue producing operations. No mention of other EVs, vans, trucks, military vehicles or anything like that.
I do think something is coming, what it will be I don't know. So, if you have a link to the news about one of Bill Gate's companies, then I would love to see it.
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