|
There is a big problem with growing too slowly if you built out a factory for massive growth, priced your vehicle to require cost savings from large economy of scale, and are burning millions of dollars a month with almost no cash coming in.
Losing massive amounts of money while funding day to day operations with investors dollars only works if investors continue to believe in the plan. This is made more difficult if investors have lost massive amounts of money already. How many of the investors that bought in at $10 - $15 per share do you think are willing to put a few more million in now that those shares are valued at $0.60?
I admire your optimism but the plan never made any sense from the beginning. The projected sales were way to high for such a niche product and the selling price too low. How many times have we seen the same plan fail: promise to sell a trike with some car-like features for less than a motorcycle
|