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Old 10-08-2013, 04:12 AM   #131
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Originally Posted by partdeux View Post
Not quite

He started off with significant govt funding... although not enough to build a sustainable ongoing enterprise. When he did not meet the requirements of the govt loan, the loans were called in. He created a shares in the company and then pledged them as collateral to get private funding to pay off the now called in govt loans.

Unfortunately, the price was driven up by the press reports of paying off the govt loans, and the sudden run down of inventory, shifting future inventory into today's sales. Add in the ridiculous lease residual values, and you have a recipe for a soon to be declared bankruptcy.
I guess we will just have to wait and see. My money is on success though.
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Old 10-08-2013, 03:26 PM   #132
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Im sure they will work it out, and someday we might all be driving zip-zap cars. But when Govt money is involved, is when things go really stupid...(windmills...). Richard Branson wants to build a motel in outer space, and is currently on the verge of being able to transport his guests back and forth. HE IS USING HIS OWN MONEY.....So God bless the nutjob..i hope he gets it done...
Lol just what we need. Worlds most expensive night stay.
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