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DYOR IMHO GL and all that jazz!
LOL same thing, the thing is , I think the banks dont help these days but 3 years ago (i know there was no recession then) they would not hesitate given TAN's potential however that is not the case now but I think a large investor would , the only problem I have is skullduggery, if people want to see things collapse and then buy them cheaper it kind of changes things. I personally dont think that will happen , i think TAN/SEV will pull one of its deals off and If it needs a bit more cash to buy a bit more time it will find it IMO because im sure they would be able to present sufficent facts.
You hope that they have enough gas to finish, I just hope they've got enough cash to finish.
Quite a few things are likely happening in the background , its such a tight race though hopefully they got the gas to finish.
http://gsablogs.gsa.gov/wheelsandwings/2010/12/05/all-electric-zero-emission-delivery-vehicle/ All-Electric, Zero-Emission Delivery Vehicle Sunday, December 5th, 2010 A “ride and drive” event has been scheduled for the Pentagon and we respectfully request you take 20 minutes to witness what is being offered to our military and Federal Fleet Managers as a means to eliminate our fossil fuel addiction for all medium/heavy duty trucks. This truck, currently in production and on the GSA schedule, will be available for viewing in the Pentagon courtyard. Imagine what this vehicle could do for the military and or your Federal Fleet with regards to fossil fuel reduction mandates! December 8-10, 2010 (Wednesday-Friday) 0900-1600 Located in the courtyard at the Pentagon THE PERFECT NON-TACTICAL VEHICLE FOR HAULING AND DELIVERY. The Smith Newton is the world’s largest electric delivery vehicle, with a top speed of 50 M.P.H. – and a range of more than 100 miles on a single charge. All across a military base, all day long, the rugged Newton can haul more than eight tons of cargo. This all-electric non-tactical vehicle supports the military’s energy independence initiatives for fuel-use reduction. The Newton is fuel-emissions free, and stores energy when stopping through a process called “regenerative braking.” It also delivers more power in a quicker, easier-to-drive package than its diesel or gas equivalents. BUILT IN THE U.S.A. Smith vehicles are the first all-electric, zero-emission commercial trucks produced in the U.S. The Newton is perfect for a wide range of non-tactical uses. The vehicles can be equipped with a flatbed, box, or refrigerator but also outfitted for use as aerial platforms, mobile offices and more. Operations and maintenance costs are lower. Energy costs are easy to gauge and not subject to fluctuating oil prices. The Newton is environmentally friendly … and drivers like its quick 0-30 speed, and easy no-shift driving. This is the long-term solution – built for the short haul. Thank you for your time and we look forward to seeing you there! Robert Barrett Smith Electric Vehicles
All-Electric, Zero-Emission Delivery Vehicle Sunday, December 5th, 2010 A “ride and drive” event has been scheduled for the Pentagon and we respectfully request you take 20 minutes to witness what is being offered to our military and Federal Fleet Managers as a means to eliminate our fossil fuel addiction for all medium/heavy duty trucks. This truck, currently in production and on the GSA schedule, will be available for viewing in the Pentagon courtyard. Imagine what this vehicle could do for the military and or your Federal Fleet with regards to fossil fuel reduction mandates! December 8-10, 2010 (Wednesday-Friday) 0900-1600 Located in the courtyard at the Pentagon THE PERFECT NON-TACTICAL VEHICLE FOR HAULING AND DELIVERY. The Smith Newton is the world’s largest electric delivery vehicle, with a top speed of 50 M.P.H. – and a range of more than 100 miles on a single charge. All across a military base, all day long, the rugged Newton can haul more than eight tons of cargo. This all-electric non-tactical vehicle supports the military’s energy independence initiatives for fuel-use reduction. The Newton is fuel-emissions free, and stores energy when stopping through a process called “regenerative braking.” It also delivers more power in a quicker, easier-to-drive package than its diesel or gas equivalents. BUILT IN THE U.S.A. Smith vehicles are the first all-electric, zero-emission commercial trucks produced in the U.S. The Newton is perfect for a wide range of non-tactical uses. The vehicles can be equipped with a flatbed, box, or refrigerator but also outfitted for use as aerial platforms, mobile offices and more. Operations and maintenance costs are lower. Energy costs are easy to gauge and not subject to fluctuating oil prices. The Newton is environmentally friendly … and drivers like its quick 0-30 speed, and easy no-shift driving. This is the long-term solution – built for the short haul. Thank you for your time and we look forward to seeing you there! Robert Barrett Smith Electric Vehicles
Very good....... Many a true word said in jest!
http://online.wsj.com/article/SB10001424052748704584804575644773552573304.html?mod=googlenews_wsj
my first share stayed with it for 2 years then got out evens at34p thought i would regret it but every time i look in im fine and glad im out i beleived in the model but the company totaly sucks its ashame however i do think things will be diferent in america,i also as most know think upright/snorkel have ****ed it here, one tuck here another there its not enough
Looking Good over in Spain!! http://www.smithelectricvehicles.com/newsevents_news.asp?p=n&itemid=337
Weldon, interesting observation there..... Tata already have a foothold in the British Automotive Industry with Jaguar Landrover, they also have an ever expanding research and development centre based at Warwick University. They are continually looking to expand their core engineering knowledge and also have the financial clout to back this up. Should things fall through once the SEVUS exclusivity period is over, it will be interesting to see if any of the Indian vehicle manufacturers (Tata / Ashok) decide to have a look at SEV.
Good link,Tata look very good and should worry Tanfield as they look a far more better team than Tanfield/Sevus??
The Tata Indica Vista EV hits the market early in 2011, carries four people, has excellent performance and can run 150 miles on a charge. Tata is also the world's fourth largest truck manufacturer and the world’s second largest bus manufacturer http://www.gizmag.com/tata-readies-indica-vista-ev-for-market/17156/
Shares in Issue (m) 94,077 Market Cap (£m) 17 (SP) 17p If SEVUS offer £10 mil + M Cap £17 mil = £27mil = SP 30p £15 mil = 35p £20 mil = 40p £25 mil = 45p £30 mil = 50p £35 mil = 55p These comments from RS (as kindly posted by moltke in his excellent AGM report) rather give the lie to any contention of a worse than originally structured deal here: 'The first SEVUS deal did not offer sufficient for shareholders. It is necessary to restructure the deal and revisit investors. There can be no guarantee that a deal will go ahead. Discussion with a number of Funders is well advanced. SEVUS has orders for 400+ vehicles and potential of 600 - 1000 in the pipeline. He has a personal target and moral obligation and is working hard to 'get you back to £2 a share.' From original Offer; · Offer for Smith Electric Vehicle Division Assets · £37.0 million in cash (equivalent to 50p per existing Tanfield Share in issue) · An additional £33.3 million contingent credit to the benefit of Tanfield in any SEVUS IPO offering prior to September 2015 (equivalent to up to 45p per existing Tanfield Share in issue)
Maybe just MMs collecting shares before all the good news.
...they really should have took the bid. ANother case of STUPID BOD and MGMT!!
Is going on im !
Wrong Paint Plant Myo this one has pride of place at Vigo and is used to paint all parts for Snorkel Platforms. Alas it now is being touted around like an unwanted car.
1 Paint Plant, 1 former owner, used occasionally, full service history ( Honest )!!!
Just tried to send a request for info re " open day " results using "contact us" on their web site (UK). All,except "request price list", are giving 404 errors.
New one to me. Where are all the workers. He says it takes two men two days to build a truck ! Thats good. Ten teams of two, build 25 trucks a week. So six weeks takes care of Frito/Pepsico order.