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Re: Update on Additional Funding
Posted by Mark from Toronto (more from Mark from Toronto) on Mon, 27 Jun 2011 07:02:34
In Reply to: Update on Additional Funding, jeff '04, Mon, 27 Jun 2011 02:55:32
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Well, it sounds like Pang Da is very serious. After all they have now paid about 45M + for 2000 cars and not yet received a single one. I think this is a good sign, but VM needs to get about 150M in a single chunk to get a decent production run going. Right now this money is just being wasted with zero productive value to keep the lights on and property taxes paid. It is essentially burn rate for a non operating enterprise and has ZERO accretive value.
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