BIG GRAY AREA!!!!!!
Vector Aeromotive Seeking Additional Funds Vector Aeromotive Seeking Additional Funds November 8, 1996, 12:56 PM EST
JACKSONVILLE, Fla., Nov. 8 /PRNewswire/ -- Vector Aeromotive Corporation (Nasdaq: VCAR) announced today that it has exhausted its cash and liquid assets. Vector will continue to attempt to raise funds from its majority shareholder, V Power Corporation, and elsewhere, so that it will be able to continue operations. However, no assurances can be given that it will be successful. If Vector is unable to raise additional funds, it will be forced to suspend operations. SOURCE Vector Aeromotive Corporation
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Vector Management Working To Secure New Financing Vector Management Working To Secure New Financing November 14, 1996, 3:42 PM EST
JACKSONVILLE, Fla., Nov. 14 /PRNewswire/ - Vector Aeromotive Corporation (OTC Bulletin Board: VCAR) confirmed today that management is seeking additional investment to restore its operating capability. In a related move, Vector laid off all of its employees on Saturday, November 9, 1996, following an unsuccessful attempt to secure immediate financing. The company still hopes to secure new investment and is in further discussion with its majority shareholder, V Power Corporation, and other interested parties. In the event that these negotiations fail, it will be forced to permanently suspend all operations. SOURCE Vector Aeromotive Corporation
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SEC Filings - From EDGAR Online
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