Let's hope Electric Built has been up to something good in the background. Clearly they expected this lawsuit to be concluded by now, or they wouldn't have announced a deal. I never post but watch this board, but I thought I would chime in since there seems to be so much angst about all of the delays and some expectation of normal fundamentals in action and reporting. Unfortunately these delays are common once things get to court and you can expect and should actually prefer dead silence from BYOC and Electric Built during this time. Warfaretrader is right that BYOC isn't going to do anything or announce anything (certainly not anything good) until this lawsuit is settled. It would be foolish for them to do so as it would put them in a weaker settlement posture. They've fumbled around long enough and can't afford to make it worse. Albeit, they may not be in a position to do anything useful anyway. But that's ok. Literally the only thing that matters is getting rid of this lawsuit so the Electric Built deal can move forward and they can begin executing the plan they have conceived. I expect both dilution and a reverse split at some point. The former will likely happen to get rid of the lawsuit. The stock can't move until that happens. If they really want to make this big shift to be an EV related company and take advantage of the value that can bring, I expect a RS to happen. Having a float of 16 billion shares isn't where they want to be in the future when more capital is needed. A merger is a perfect opportunity to change the company strategy, share structure, and even the symbol. Drastic changes are better made all at once and at the beginning of something new, not later. I would actually see this as a positive move. It means they are serious about getting their house in order, and that alone would be a positive change. I don't think anything will happen as quickly as the message boards want, I think it will take several quarters. But if I see any of these things happen, I will view it as a positive move.
As for Remo also being involved with CityFreighter and BYOC investing in CF, you have to think that there was some plan involving all of them. But it has likely been thrown amiss or at least delayed by this lawsuit. CityFreighter is raising additional funding over on Wefunder and moving forward with its own business. I focus a lot on electrification so I'm personally investing in them separately as well and see this as a directive trade, and possibly a good way to double up. A CF investment might be longer term but could be worth it. Granted both are still fairly speculative. Success by CF is very good for BYOC, it could also be enormous given the low valuation of CF at the time of BYOC's investment. But Remo and Electric Built have their own business to run and must have a plan they think they can execute with BYOC, or he would have walked away. They can pave their own way to success and value. We just have to be patient and wait just to know how they plan to do so. By the time we know, it will already be in motion. So, lets hope for a resolution of this lawsuit in the next month. If so, by the end of the year, this might be a very different story. Otherwise you can trade the fractions, but it wont matter a lot and might be more frustrating than anything.
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