Nailed that!
Statement from Arcimoto:
Quote:
Yesterday, we became aware of yet another short-seller “hit piece” published about the Company’s efforts. The report leads with a blatant falsehood alleging Arcimoto’s “fake ‘pre-orders’ generated fake demand”, and the “research” doesn’t get better from there.
We consider our pre-order procedures to be best-in-class in the industry: we offer full refunds, we don’t count non-binding letters of intent nor email signups as pre-orders, and we deliberately communicate pre-orders as strong leads, not closed sales, in our public filings and messaging.
We see our thousands of pre-orders from around the world, as well as the net quarter-over-quarter increase in pre-orders net of cancellation since 2015, as indicators of future market potential for our products and we communicate them as such.
We remain thankful for all of our stakeholders, and look forward to sharing our continued progress on our earnings call next week.
We recommend all of our shareholders familiarize themselves with so called “short and distort” schemes: https://www.dlapiper.com/.../weiner....erweberhsu.pdf
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(I screwed up the http link somehow, but I am sure a search will turn up the article if you want it.)
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2015 BMW i3 REx
2011 Ford Flex SEL AWD
Last edited by Snax; 03-24-2021 at 05:37 PM..
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