Smith Electric Vehicles (SMTH)

[Joz]

Here is more info on that proposed New York production facility, reported in the New York Daily News today:

http://www.nydailynews.com/new-york/bronx/officials-unveil-incentives-zero-emission-trucks-smith-electric-vehicles-announces-bronx-factory-article-1.977504

Smith have long stated that they want a west coast facility sooner rather than later. Officials they've been in discussion with in various parts of California will quite likely be miffed at news that New York has stolen a march on them. But the timetable for the New York facility is distant enough for California to still come in with a declaration of financial support for Smith, and for that facility to actually become operational before the New York one. I think this New York publicity may well spur the Californians into action. In which case we may get to hear of Smith's west coast plans before the ipo happens, boosting investor enthusiasm.