I don't get it. What a bunch of weirdos you are.
No disrespect intended, but are you high? Not too different than Tesla.
Time will tell, boys and girls, but the chances of some Chinese penny-stock company stealing the Q IP seem a whole lot greater than this deal leveraging some substantive cash flow to the US.
To me, this Hail Mary puts the lie to all the happy talk over the years. The Q had a fighting chance in heavy equipment in the US and either blew it or was squashed by the competition through no fault of their own. Proterra was wonderful, but Proterra has 60 buses on the road right now, and their run rate to fill the cities with their lovely product was not nearly enough to keep the Q afloat.
No company with options sells a majority stake at no premium (even though in the BS call the CEO spoke to the premium of the purchase price over an average of enough months to make it appear to be a premium) to an unknown penny stock Chinese company.
Bet you dollars to donuts management got paid for doing this deal.
Perfect example, if this is true, if bonuses were paid, of personal bottom line overshadowing fiduciary duty.
In my experience it's best to put your dogs in a box and just let them be. I've sold stuff I thought could never come back only to see it take off two days later. Seems a direct relationship between me dumping a dog and it taking off running.
I hold because it's a dog and doesn't matter. If I need a loss some day because some other lottery ticket hit I can always come back to my box and take one out.
Nobody is screaming today, chicken little. Ain't no need.
Over and above the shock that the executive team and Board think it's a good idea to sell a controlling interest to a Chinese company, I was surprised to hear on the call that one of the things that firm Q hired to evaluate strategic opportunities was doing was looking for a buyer for the entire company.
It's clear that the company needed working capital. None of the significant orders are anticipated to fill until late this year or early next. From my limited experience with Chinese business it would have seemed more in the investor's interest to do a more straightforward secondary, live with the dilution, and turn our faces to the rising sun. To all those rosy things described in the annual cc.
Time will tell, but nobody can deny the risk that could accompany what these guys just did. I'm not going to dump what I have left because it simply doesn't matter at this point. And I will continue to watch because this company is an interesting study. Often in what not to do.
Almost better than Shark Tank.
You are annoying Sam. I wouldn't buy more Q right now with your money. Just hush with your nonsense. We'll see which of us called it properly soon enough.
The Q Eaton relationship goes back at least ten years. This is the first I've heard them mentioned in a long time though. From my vantage point, the biggest mistake the Q board made was bringing in Eric R. Granted I'm not inside and I don't know the man, but his tenure seems similar to Japan's lost years. The company seems to be making the proper investments and the Proterra relationship is the strongest product-supplier relationship they've ever had. Bottom line remains sales over the next two quarters and their decision relative to financing should bridge capital be needed.
Million dollars a bus. Not many municipalities in the US can bankroll that. That's why the P should merge with the Q. Get the overhead down and get the bus more competitive. Could call the company ProQuerra.
An integrated manufacturer will hard press the suppliers of systems for the long-haul truck market and auto. Systems still work for bus, heavy equipment, and short-haul. Proterra could make the Q a wholly-owned subsidiary for not a ton of money right about now and that doesn't seem an unwise play. Or they could merge, and Q owners become PQ owners. That wouldn't suck.
I used to go to auto shows and try to get under the eTron. Remember drink and his drive by cars in the parking lot counting? Those were the days.
At Biotechnica's urging, I listened to the call. With no disrespect to B, i did not hear one single thing on this call that I found different or compelling in comparison to what they've said before. I am definitely not saying that what they speak to does not sound exciting or potentially profitable - all I'm saying is that it really all sounds the same. China years ago was CODA or the US Military and the prototypes were Audi or Saab etc. When I asked how many calls you've listened to I was just curious as to if you'd experienced these historic calls as well.
The only good thing I saw in the numbers was a slower burn rate. But the Q is still cash-flow negative to the tune of 1MM a quarter, and anyone who has looked at the numbers understands that a FY 2017 without some form of capital raise (either debt or equity) is unlikely. Listen to what they say about inventory - it's the only real order-related information you can squeeze from the call - ITL isn't going to be taking orders in the coming 12 months, and they say themselves - ITL is the only concrete substantial order on the horizon. If it happens like they hope it will happen, by the time they ship the Q will be out of money (without some form of financing).
The age of some of these private investors makes me smile. They sound as old as the Q makes me feel.
You are a weird cat. Think whatever you want to think, cup half full. The facts speak for themselves. After experiencing Coda and military grants but no orders and land speed records and no orders and Proterra is very cool but it simply isn't enough - talk is cheap. I have no problem with you putting your money where their mouth is. I did it before and it cost me dearly. Only a fool would suggest I could do a better job bringing the price down than these guys do themselves. I suffer you poorly. If they deliver on what is another in a long string of promises and good things happen that would be fabulous. I'd not discourage anyone from putting their money on that speculative square. All I'm saying, fool, is that I've listened to a lot of very exciting rhetoric over the years. A valuable lesson (negative value) that words are words. So pump on pumper. You're intention is as clear as the one you claim to be mine.
Sammy boy. I've been listening to their rosy projections for a very long time. Suggesting that more of the same is reason to get excited is irresponsible. Give it a break.
Not horrible, but not great either. I got the net right! More cash in the bank than I expected. Most of the quarter to quarter raise is from consulting services, that appear to cost the Q more than they deliver in revenue.
Product sales tick up a little. Conference call could be interesting.