Do you see Patents on Gas Cars? Do you know how expensive it is to build one and remember they have RELATIONSHIP with the OEM Factory and have contracts agreements once they have Purchase orders.
And yes Let a Billionaire start up another Vision Industries Corp... LOL
How many years will it take for them to Get Government Approvals and Years of R&D and Build Relationship with the OEM Manufacturers...
Why don't you start a New Car then? Easy huh? I DONT THINK SO!!!
VIICQ secret sauce is the vehicle controllers and the overall knowledge of how the fuel cells, batteries and electric drivetrain works together.
In addition, the VIICQ has already been involved in shaping government policy on the state and federal level for the last 5-years. Of course if a billionaire wants to throw the weight of his portfolio into entering this arena, then he(she) can go from concept to prototype in less than two (2) years. We are at the pre-commericalization — commercialization phase.
Debtor’s financial difficulties were primarily caused by a lack of operating capital. In the months leading up to the bankruptcy filing, Debtor’s principals sought permission from the largest debt and convertible note holders to increase Debtor’s authorized share count from 500 million to 10 billion common shares. The increase in authorized shares was requested by management to enable Debtor to seek further funding to continue operations. The request was not approved, which made it impossible for Debtor to raise capital to fund operations. Debtor anticipates that it will secure substantial post-petition DIP financing pursuant to ongoing negotiations with several potential investors. Once DIP financing is secured, Debtor will propose a plan of reorganization to restructure its debts and emerge from bankruptcy as a profitable entity.
5. Debtor’s Business Reorganization Effort
Debtor intends to secure post-petition DIP financing by the end of October 2014 to, at minimum, remain post-petition current on lease payments to its landlord, compensate court approved professionals associated with this Chapter 11 case, and obtain an order confirming Debtor’s Chapter 11 a plan of reorganization. It is anticipated that if a plan is confirmed, it will come as a result of a substantial loan or a capital infusion. Should Debtor be unable to obtain such financing, Debtor will consider selling its assets to pay creditors.
Watch and see how interesting the Financing comes... The SWISS WILL HAVE IT THEIR WAY... They will FUnd more then anyone else as long as they HOLD THIER MAJORITY IMO...