I am not angry. As far as Covid, I was told by certain parties that Covid would not be an issue. It appears that was not the case. Fast forward to 2022 and Covid is in the rear view mirror. Why can't Techmet get on with the debt deal. Mark and the CEO are close and it would benefit both parties. Just not happening.
I also know that management at Nio was very frustrated with Lender A for basically leading them on. They went a separate route but that did not pan out either when the funding from GX did not show up. Consequently the merger blew up from a share price standpoint and has not recovered. We now wait on EX-IM and Stellantis. This seems to be the last reasonable choice for funding. I would love to see Stellantis make a mega investment down the road.
“ Sheeeeeesh Duke! How many times have we gone over this! We all know what happened in January of 2020, namely COVID hit. And, once COVID hit everything shut down and we had a totally risk-off environment for a long time where no lenders or other entities were doing any deals like this.”
Hmmmmmm, now this is very odd. This is your claim today, COVID January 2020.
However,
“ and from all appearances we are on the “cusp” of having full funding”
Now this claim was made JULY 27, 2020. as can be seen here,
So Nioturd was on the “cusp” of full funding 6 months in to COVID, you know “when everything was shut down” And now the claim is COVID was the boogeyman ……🤪. SMFH
I would also add that I know of several companies including my own that lost significant ground as a result of Covid. We are a b2b corporation and though we are very profitable, our clients are still a bit gun shy spending as much money with us as they did precovid because THEIR businesses have not fully rebounded.
The financial impacts that started with Covid will be felt for some time to come. And that impacts is, too.