Originally Posted by partdeux
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.