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TenKay

02/14/24 12:33 PM

#70425 RE: double_m #70424

Michery is going to have to raise $150-$200 million this year at the cash burn rate he is at. Nobody is buying the vehicles and he can only move so much of his inventory onto a Randy Marion lot to sit.

And the next $200 million is going to be A LOT more difficult and costly to raise than the first $200 million.

The chances of this thing imploding this calendar year are going up.