Hotstocks, This company sure has added a ton load of shares since its initial run up. This company shouldn't have no more than a 100mn shares max. Why so many shares added?. I know!, its because we are in dilutionville. It could be a neat little company and interesting now they had to go and do this.
But they have to sell more cars than this to make headway or they are gonna end up like Ford. Ford should have a car giveaway so they can write it off at tax time. They are establishing themselves in Russia now. I was told they are hiring unexperienced workers to build them. If they turn out cars like the Yugo it should be a complete success.
I remember seeing cars being manufactured in East Germany or somewhere near there several years ago on a documentary. One of the workers was trying to make the door fit and close by pounding it with a mallet. People would be waiting 15+ years to get one of these cars. When one the women workers was asked if she thought it was a pretty car?, she replied, "yes!, pretty ugly". Then we watched someone picking up one of these long awaited beauties which I doubt came with a warranty, get in all smiles, he and his wife who had waited 22 years for one, drive it a block or so then sputter and quit!
They was no towing so they had to push it back. Probably wait 5 more years for repair work.
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