I have often wondered what RM thought they would get of this. They were going to be the "distributor" for ELMS. Was their expectation they would make money on their retail margin? If that is the case they must be sorely disappointed. Those unsold vehicles must be taking up a lot of space which costs money. And for dealerships these days they need it for their normal product line. Who pays for keeping the batteries charged? I wonder if Michery is paying them to store the vehicles?
If Nasdaq finally kicks them off, I would expect bankruptcy within months. Esousa/Ault will not be able to move the stock the Michery needs to feed his cashflow needs.
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