If they are looking to open 3 or 4 dealerships this year, they would not need near 100 million.
"Additional financing and capital of $1,200.000.00 per Dealership will be required to continue operations" -Per filing
There is no reason to acquire more financing than you need to get going. It can be very toxic.
The initial S-1 was looking for around 2.5 million in financing.
So in my opinion there is no real need to discuss the potential of 100 million in financing.
BUT I believe by the time they get their flagship dealerships running we could be looking at a market cap of around 20 million
That is not including the franchising they will be doing
And we know Dezer is pursuing franchising for dealerships
ALSO, this is not including their involvement in government EV's
So all in all I could see a market cap of 50 million by years end
Then we will see how much $$$ these dealerships can make
If they have a significant profit margin, we can go very high
I hope we see some funding and the acquisition of current dealerships soon
Certain dealerships can be bought for pennies on the dollar in this real estate market
By and by, we need some updates soon, car shows and private parties don't do anything without dealerships
AI
