Jim G
Elio Enthusiast
It is a risky investment - that's for certain. Even should the product launch, there is too little data to determine how effective the organization will be after start up. *** If the price collapses due to accredited investors seeking liquidity, I just might double down.
Actually, I wouldn't be at all surprised to see the stock take a hit once trading starts. You have lots of small investors in the stock (who typically are easily rattled in the face of volatility) AND a shitty stock market dynamic right now (which could easily take a turn for the worse on a dime). For me, this is a long-term speculative buy, so I don't really care what happens day-to-day in terms of pps. I like the vision and the potential here. I also believe that the likelihood of success has increased substantially with the $17M stock raise. Transparency in showing the market the company's ongoing progress in achieving its business plan remains critical, however, as the company will need to raise a lot more money in order to bring its very innovative cars to market.