Production for 2025 models begins in June. Hopefully, they will be a part of those models. We know they have the raw material capacity and a relationship with Flex-N-Gate for production. Whatever catalyst they have planned for this capital raise will have to begin soon to get the PPS where they need it to preserve the share structure. As protective as Isiah has been with the structure here my guess is that they will be looking to get the price above even the $.50 target stated in the S-1.
There are only a few things that would put us there, IMO. An acquisition, merger, reverse merger, or significant carbon credit.
There have been a whole lot of substantial positions taken over the last few months of radio silence. Many 200k to 500k, $16k to $40k buy ins. It does not appear to me that those are average retail buyers. It looks like this is been a 4-month shake.
1 8-k and everything can change.
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