INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.
SOLO (market cap is $0.074B was $0.072B)
Electramechanicca is an innovative electric vehicle manufacturer seemingly aimed at finding new, rather than simply modified, solutions for urban transportation.
Normally, I'd go into more detail about that; but the company has new management, has shelved the vehicle it already had in production, and has also built a new manufacturing facility to accommodate expected sales of the now-abandoned three-wheel one-person in-city vehicle. The idea sounded sound. The vehicle attracted attention. But,...
Despite allowances for new product introductions, the SOLO (hence the stock symbol) did not generate sufficient sales and had significant product recalls.
The new management has announced various plans, but I expect significant updates or capitulations as their early months are spent redirecting the company and its resources. I'll stay tuned because 1) they may succeed due to the massive need, and 2) selling at these prices would buy me - well it wouldn't pay for some of the home fixes I have in mind so I might wait and be well-positioned to buy more.
Usually LTBH but only bought in recently because another of my stocks was bought out (just as they were becoming profitable). I bought in to redistribute the funds and increase my diversification.
(I've also collected links to the other discussion boards and my other stocks over on my blog https://trimbathcreative.net/?p=6178
& from my One Company One Story series on YouTube