Good afternoon. Been traveling. I just read about 50 bashing posts on EVCA this morning? Are you kidding me?
Obviously waiting on news, at .03 the market cap here is about $2M LOL.
As has been discussed, their plans for 4 dealerships and the amount of cars they want to start selling gives up to about $30M of net worth for the stock.
To say this is undervalued is an understatment IMO.
I took Carmax 18 years to build the 103 stores it has now and it only had 1 store for many years at the start, with EVCA rolling out with 4 stores, its very aggresive, and obviously requires major support by a financier. Its not going to take $100M to do it, but $10-20M IMO, and of course, as we know, small caps get $10-20M all of the time.
One great financier is Dutchess Capital among many others.
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