Hi Gotta and crew, as a memory refresher here is an outtake from the recent "guidance update" from November:
"The Company advises that compliance testing has now been completed and the Companyexpects formal approval will be received for the CU-X model from Eu Whole-Vehicle TypeApproval authority of European Economic Community (“EEC”) by the end of November 2018."
Formal approval should have been received in November but yet no announcement?
This just keeps on disappointing in every way possible
Surely just once there is something that will go right?
Price of oil is definitely not helping at all, with Supa Soco "bleeding money" as per one of your recent posts Gotta if I was Charles I'd be making a merger happen sooner rather than later, we have them bent over the hood of our car after wining and dining them for several "dates" now, not sure what everyone else would do in this situation but I can tell you how this date would be ending if it was mine
It would raise the risk level for VMT putting us in the place of absorbing the negative cashflow but actually gives us all the upside whereas at the moment we only really benefit from their international sales, ie; higher risk but higher reward.
Besides I think that risk is not that high due to the fact people actually want Supa Soco's products, this would just leave the question of how much upside will there be?
At the moment that question is will we survive?
Ps: if management put forward any semblance of competence I'd have this as a screaming buy but I can only justify keeping my pithy little spec buy amount of 100k shares, I'll keep holding only because I still see more upside than downside, this will either 10+ bag or go to zero, they have done nothing to deserve the most speculative of ratings.
