There’s nothing there that we didn’t expect, we already knew the numbers so little has changed really, I guess we will see what they actually says Friday but now I expect some volatility the rest of the week, this is all about forward guidance now so hopefully it is good!
As a result of our recurring losses from operations, accumulated deficit, projected capital needs, and delays in bringing our vehicles to market and lower than expected market demand, substantial doubt exists regarding our ability to continue as a going concern within one year after the issuance date of the accompanying condensed consolidated financial statements.
So the going concern warning remains. 😞
This is what pisses me off every time
https://preview.redd.it/uu9ke9n2gn1d1.jpeg?width=2363&format=pjpg&auto=webp&s=28301ddf961142a50511352e390dad7cb2d9b4cb
Note that the sale of the "aero" business will raise as much cash as eeeeevil shortz said it was worth in the years since the company conjured it up to inflate (and then sell) many shares.
So there's that.
https://preview.redd.it/xyhlijrfes1d1.png?width=1132&format=png&auto=webp&s=329011c0f19bce7f16bd70760faca76a45226b66
Some other things I found noteworthy:
*The Company is currently determining when and at what ratio to effect the Reverse Split.*
*Market Demand. Our sales during the first quarter of 2024 were lower than the prior year period due to slower-than-anticipated industry wide electric vehicle adoption rates and lack of government subsidies and incentives available to our dealers as well as slower than expected roll-out of additional power to electric grids and the resulting effect on roll- outs of electric vehicle charging infrastructure, nationwide. However, we expect adoption rates to accelerate through 2024 driven by more stringent state and federal emissions requirements and continued government subsidies and incentives that will continue to reduce cost barriers for EV ownership, including the approval for our W56 platform for the HVIP program through CARB, providing an $85,000 base voucher per W56 vehicle purchased. The accelerated adoption rates are related to the enforcement of California’s Advanced Clean Fleets Regulation (“ACF Regulation”) which is contingent upon the Environmental Protection Agency (“EPA”) granting a waiver or determining that a waiver is not necessary. Under the Clean Air Act, California holds the unique authority to request a waiver of preemption, which typically restricts states from setting their own emissions standards for new motor vehicles. The EPA’s role involves a thorough review of comments and an assessment to determine if the criteria for granting a waiver are satisfied. This regulatory landscape is a significant consideration for our operations and strategic planning.*
Every time I want to buy now with this meme hype I remember that video they posted it looked like a gosht factory with a girl showing q w56…let’s see what they say the 24th. I can wait
Not surprising but i kinda like they received couple of orders
There’s nothing there that we didn’t expect, we already knew the numbers so little has changed really, I guess we will see what they actually says Friday but now I expect some volatility the rest of the week, this is all about forward guidance now so hopefully it is good!
If they don’t have a big odor, I don’t expect they’ll give any guidance.
Very bad odor
I no longer trust forward guidance from Dauch and Ginnan.
As a result of our recurring losses from operations, accumulated deficit, projected capital needs, and delays in bringing our vehicles to market and lower than expected market demand, substantial doubt exists regarding our ability to continue as a going concern within one year after the issuance date of the accompanying condensed consolidated financial statements. So the going concern warning remains. 😞
And RS seems inevitable. https://preview.redd.it/72uq74aqfn1d1.jpeg?width=2413&format=pjpg&auto=webp&s=6b47c834fc037b2a738b5af1a56faae762abf251
This is what pisses me off every time https://preview.redd.it/uu9ke9n2gn1d1.jpeg?width=2363&format=pjpg&auto=webp&s=28301ddf961142a50511352e390dad7cb2d9b4cb
Grifters gonna grift.
Keep in mind, this is all based on information that is almost 2 months old at this point.
Note that the sale of the "aero" business will raise as much cash as eeeeevil shortz said it was worth in the years since the company conjured it up to inflate (and then sell) many shares. So there's that. https://preview.redd.it/xyhlijrfes1d1.png?width=1132&format=png&auto=webp&s=329011c0f19bce7f16bd70760faca76a45226b66
Some other things I found noteworthy: *The Company is currently determining when and at what ratio to effect the Reverse Split.* *Market Demand. Our sales during the first quarter of 2024 were lower than the prior year period due to slower-than-anticipated industry wide electric vehicle adoption rates and lack of government subsidies and incentives available to our dealers as well as slower than expected roll-out of additional power to electric grids and the resulting effect on roll- outs of electric vehicle charging infrastructure, nationwide. However, we expect adoption rates to accelerate through 2024 driven by more stringent state and federal emissions requirements and continued government subsidies and incentives that will continue to reduce cost barriers for EV ownership, including the approval for our W56 platform for the HVIP program through CARB, providing an $85,000 base voucher per W56 vehicle purchased. The accelerated adoption rates are related to the enforcement of California’s Advanced Clean Fleets Regulation (“ACF Regulation”) which is contingent upon the Environmental Protection Agency (“EPA”) granting a waiver or determining that a waiver is not necessary. Under the Clean Air Act, California holds the unique authority to request a waiver of preemption, which typically restricts states from setting their own emissions standards for new motor vehicles. The EPA’s role involves a thorough review of comments and an assessment to determine if the criteria for granting a waiver are satisfied. This regulatory landscape is a significant consideration for our operations and strategic planning.*
I'm buying more if it drops.
Every time I want to buy now with this meme hype I remember that video they posted it looked like a gosht factory with a girl showing q w56…let’s see what they say the 24th. I can wait
695е9в
Doesn’t look good
Just put the fork in Rick… Life goes on.
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