MemberOctober 2, 2021 at 6:22 am
Ozman: “If the worst should happen” That’s exactly what this idea helps prevent. (albeit… the benefit to Steven and others would be many fold. 1. Faster path to production 2. Faster development to New Models 3. More Production Compacity (hopefully leading to larger success via greater visibility and mass adoption)
Correct Charles this Idea could very well be used to justify a faster IPO and a Higher IPO….
Ozman: I get the $$$ money concern… but that particular concern should be easily mitigated… For example they could limit the spending of the new funds from “Advanced Payments” to 1/3rd of each quarter… PLUS…. they could seek an (quarterly updating) Insurance Policy to cover the Spent Advanced Payments that qualify to be spent in the first place.
Insurance coverage = ($100 x # of Reservation) + (Gross Quarterly Advanced Payments from most recent Full Quarter * ([lets say 0.33] <- almost the same thing one is set percent. and the other is the result -> Eligible funds from Gross Quarterly Most Recent Full Quarter) + (All previous and spent eligible Gross Quarterly Advanced Payments.)
PS: I and Steven would be very grateful if this becomes a reality…. (psst: owners and board…. A free battery pack upgrade or a sizable discount would be a great! reward…. for helping you unlock potentially 50+ Million) 🤝