When I first invested in this stock, it was because of the promise of "transparency" and the goal was to get uplisted. Unfortunately Peter's definition of transparency means sharing only that information which is positive. What he doesn't realize is that bad news can be acceptable to shareholders if you have a plan to overcome the challenge that created the bad news in the first place, resulting in positive shareholder sentiment despite negative circumstances. However, Peter seems to have a general disdain for his shareholders...some of it justified, some of it not, that seems to prevent him from sharing pertinent information. That being said, it is my understanding that his margin on the car builds is 15% and the goal was to manufacture 250 cars/year. If the cars average $100k, that equates to $15k per car and $3.75 mil/per year. (I read this all before I invested, but I am not going to
Like most of you, I am not happy with his lack of leadership and lack of transparency. However, this is where my speculation kicks in:
1) the misprint on stockwatch (or whatever site that was) of 7.5 mil outstanding shares is actually the goal after the reverse split and that it was posted prematurely. Given that he has not filed this, my speculation can only be considered a reach.
2) Given the potential revenues above (although I do not believe he has the capability to produce 250 cars/year right now) and the reduction in authorized shares from #1, this should be enough to push the stock price above $1 especially if he drops news of some sore of a revenue generating contract on the 12th.
anyhow...glta
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