Replies to post #92210 on Savvy Trades and Investments

[BTuna]

Re ELMS

I've been catching up and doing DD on this one. I agree that all signs point towards them building a successful EV company. I like the lack of hype they put out. The company is *totally* under the radar in the EV space to investors. I don't think that lasts forever.

[value1008]

ELMS - distribution partner Randy Marion group is committed to purchasing 6,000 vans by Feb. 2022 as i recall. Binding orders will be announced along the way. There's a PR about this among the dozen or more PRs over the past two months.... :-)

Also, looks like just one more step to getting NHTSA safety certification, after which the Urban Delivery van can be driven on public roads (thus far only at airports, universities/colleges, and the like.

After that certification, i expect many of those 45,000 pre-orders announced last spring to become binding orders.

And that should really launch the stock....

Btw, i've been posting a lot more about ELMS over at the ELMS ihub board.

One of the most promising developments is that EXTRA $5,000 Federal rebate for EVs that is in Biden's Build Back Better bill. It stipulates American union-built vehicles, and ELMS qualifies for that (they inherited the union contract for the Mishawaka, Indiana, plant).

This would increase the overall EV rebate to a whopping $12,500.

SO ELMS CAN CHARGE MORE FOR ITS VEHICLES, and the commercial buyer will pay LESS than a gas-powered equivalent Class 1 van, like the Ford Transit.

That will help generate huge sales for ELMS and at higher per-unit-revenues, e.g., say $36,000 for the van (up from $32,500 original price), $56,000 for the upcoming Class 3 truck in 2H 2022 (up from the currently projected price of $52,500). (Those are my estimated higher sales-prices).