Apparently he needs �500M to buy the company, lot of money for a biz that lost �21.4m prex tax
yeah but essentially Lotus is now a startup again
If it’s VC money they don’t care about P&L more about strategy and potential ROI
ROI is a formula that can be manipulated by a number of factors.
The best investment must be a company turnaround and in profit .
ROI is manipulated for the reader
Point is VC money is high risk high reward. They’ll seek companies making a loss, as if they were in profit and the round was just to scale up current operations they could just go to the bank and pay a % interest.
Secondly the 500m will be tranched anyway.
Depending on ��� I’d be very tempted to put my name down on a 2015 elise.
You should wait so long !!!
What’s the betting it will be 1,250kg by then?