Maronti - its great to have nice products,but its even better to have products that sell and make a profit. Im pretty sure both the GTO and Ridgeline were sold at cost or even a loss.
Will we ever hear about the gto kits or ridgeline kits pulling in a steady profit?
The hard truth is that with five full time mechanics and body people working, we should be pulling in at least a hundred an hour in profit.
While the GTM-R has had its debut, I would wait until the auto mags give a full report on road tests or performance testing, and testing/comparison to other vehicles in the same price category with a proven record and level of market acceptance.
Right now the hard truth is that we are no better off now than we were at the beginning of December volume and price wise, with the exception that it appears even less people want the stock now.
YES we do have a company with potential, but unfortunately the CEO has a records of painful mistakes made, broken promises, and has been less than forthcoming with news.
Lastly, we dont have ANY kind of partnership with Factory Five Racing as announced. This is not even touching on the horrendous dilution shareholders suffered time and time again, or current RS or no RS situation (stuckholders).
It is the auto mags and review that will make or break us Im thinking, but right now no one talking. Has it even been tested yet? Do the company have a finished car to deliver to the doorstep of the auto mags for testing review?
We might have the nicest products in the world to sell, but again how does this benefit the shareholder if nothing pulls a profit?
Based on past performance the stock is priced accordingly and wont change for the better until Peter starts assigning VALUE to the company - namely $$$$$$$$$$$$$$$$.
It may be true theres a huge interest from the Asian market and that the company is fielding GTM-R enquiries all day long
- but we need to hear about it.
GTM-R parts market is very very very small, with a lot of the FFR community not real impressed to date.
As far as building 25 cars this year, dont tell no one but January is almost over and no news of a 2nd car completion or buyer...
Its not the shareholders who are raining on the parade - its the company and company actions (pissing on shareholders). Remember why you invested in rvgd in the first place - hope to make a HUGE profit. Here we sit at a HUGE loss begging the CEO and company for scraps of good news....
Thats the reality of the current situation. My hopes are modest - to get out with only a 50% loss instead of 90 to a 100%. With excellent news maybe break even?
P.
