George, Kathleen, and VCAR followers:
Last year, VCAR sputtered and shut down. Their Board of Directors
was fragmented, and spent more time sueing each other than running
the company. There was no control, no business plan, NO NOTHING !
I was thinking curtains too after all the hoopla about TradeLink then
forever in the desert with NO NEWS. Out of the blue, an announcement
the Board is brand new, Peter Rose still President. Now the Board
is together, homogenous, with a clear direction (???) and a business
plan, also with expansionary plans. Before the M-12 was it, now they
are talking about airplanes, boats, and other luxury items. There IS
a big market but can VCAR capitalize on it. We'll find out soon.
This time, VCAR has cash to work with, they have sold vehicles prior
to starting production, and seem to be delivering on their end.
I'm in at average 12 cents per share ... so YES, to me it's great.
I still maintain that given a few months to "prove" itself, VCAR
just might hit the big buck level.
Interesting question: Do you bail at a buck, then more good news and
suddenly VCAR is at $ 2 - 4 ??? IF they can get full production going
with cost controls and quality control, profits there buddies and
so is the upward price movement.
HOLD ONTO IT AND GIVE IT 6 - 9 MONTHS !!!
Regards,
Dan Thomas |
