Whilst I believe they are getting traction, at the end of the day my view is just based on a combination of intuition and experience based on how I read/interpret their updates and quarterlies. I think they have finally pulled together an implementable strategy that has a good chance of success.
The installed base of 3000 vehicles came direct from the company when I questioned them about the capital raising. I don't know anymore about the breakdown of that installed base. But I have no doubt the number is genuine.
After they raise whatever they do, they are just going to have to generate more sales from the additional distribution they have put in place around the globe if they are to establish the credibility required to justify a re-rating of the stock.
ABV Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
