Banter and General Comments, page-7074

Looking at the SP is hard. Looking at how MC is almost the same as cash on hand is disbelief. Just need to remember this is all a game. Momentum created by the shorters is king. This can't last forever. What the car companies are reporting, the most conservative supply and demand numbers being calculated don't correlate to what SP's are doing. I strongly believe this is the storm before the calm sets in. If the supply chain does not get into gear at this moment, they will not be able to deliver on the massive amounts of contracts worth billions to all the auto companies. Auto companies will take notice because......

At the end of the day think about disruption.

Disruption in Australia will be slow, but in parts of the world with government support disruption will occur so much faster than many expect.

When sales are impacted, companies will take notice.

Take Norway for example:

https://cleantechnica.com/2019/06/17/norway-updates-subaru-mazda-ford-sales-plummet-hydrogen-car-sales-frozen-tesla-sales-jump/

Norwegian Twitter user Tesla Driver tweeted an article from the daily Norwegian business paper Finansavisen (behind a paywall) that highlighted more bad news for car companies slow to electrify in Norway. His translation of the article shows that the cost is high for companies not having EVs in a market that has transitioned to electric vehicles so dramatically.

Subaru sales are down 66% in 2019, Mazda sales are down 45% in the last 3 years, and Ford sales are down 50% in the last 10 years. In case you missed it, last month we reported on layoffs at a leading Mercedes dealer due to its lack of competitive products. Automakers and dealers slow to electrify are suffering.

That foreshadows the upheaval that could come to larger auto markets if manufactures don’t take the disruption from EVs too seriously.

In other news from Norway, Hegnar.no reports that Toyota and Hyundai have stopped selling hydrogen cars in Norway. The manufactures were forced to get loaner cars to the few people who had purchased hydrogen cars, since all the hydrogen fuel stations are closed while the government investigates an explosion at a hydrogen fueling station

Just remember....... GXY is in prime position. Cash, assets and potential. Many companies would need to fail before it does. The strongest companies survive situations like this and only come back stronger!