It sounds like they signed a deal with another development company with NO revenue either. This should be a clear indication to SELL this stock. No one with the ability to manufacture is willing to buy this technology. This will end up just like that licensing deal with that marine company...no revenue. What a joke. This company they made the deal with doesn't even have a website.
Have to agree. Development deal arrangement. The LSM company does have a website and this seems to be off shoot of the racing/development. Not what shareholders want, expect at this stage of the game. 5% of the gross of What?? put the pea in the shell game it gets more interesting.!!
This is starting to look like 5 monkeys trying to _____ a football. We had a letter of intent from Chery years ago and we were in the final stages of a deal with the Chinese a year ago.Now we're at their Auto show meeting Chery??????????? I don't get it.
They sign a deal with a some unknown company. What happened to the tier one suppliers?????