Friday, September 26, 2008 10:49:36 AM
I dont think that Ahdioyoda should have to prove the number of shares he has, anymore than someone who says they have 50M. Some folks have more money, some more tolerance for risk.
Personally, I feel you guys are wanting to ask the wrong questions, or the easiest. Why not some hard questions?
Like how are we supposed to have a GTM launch without a place to build them?
What is our financial condition - are we broke? How much is our debt?
Who aside from Factory Five are going to be our partners in this endeavor? We know we have partners involved in designing and producing the plastic parts for the GTO and Solstice.
What is our current status with Lingenfelter or who will be building our engines, body parts, mechanical parts?
Where will the GTM be assembled?
Where is our participation with the Pontiac G8 that Peter was supposed to have a hand in designing? Does he have a hand in helping to design the new Trans am or El Camino?
Is he working on bodykits for the 2009 Ridgelines or will he have them only in 2010?
Is he going to deliver on any of the three contracts he announced for 2008?
Why has he not started advertising to hire the staff needed to build the production GTM's?
Is he still building the low to no demand GTO's?
Come mid-December will we be unveiling one GTM or three?
Where is the money coming from to do all these wonderful things?
Never mind 250 GTM's per year, will we be able to produce one per week? One per month?
etc. etc. etc.
A mid December launch means that the GTM (at least one) was completed some time ago, and that all testing completed with no problems to be addressed.
Will our car assembly workers be union or non-union, and if non-union will they be offered stock options? Being a start up, any strike involving auto parts or labor would kill us off in our infancy....
Are there plans to have our own race car and driver?
Is there a merger in the works or acquisition? JMHO but this is more believeable than us putting up a production facility, hiring workers, getting nec. permits, licences, etc etc, over the next six months.
The GTM launch is fine but when and how will we actually start producing cars for sale? (real revenue).
I agree wholeheartedly that Peter should be answering the questions he said he would answer, and not just the easy questions. Aside from our land and building PETER is our asset as well, and time he started putting value to his name instead of doubts.
Okay, this weeks rant is done.
GLTA - P.
Great minds board: http://www.investorshub.com/boards/board.asp?board_id=5388
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