Feb. 5 at 11:43 PM
$PEV The federal court has stayed JJ Astor & company emergency receivership case after Phoenix motor’s response in the court and Arbitration might be the future of this case. Not only immediate danger gone. But risk of toxic dilution also sidelined for now.
Phoenix has confirmed in the case documents executed orders of
$48 millions. Another Potential order from LA metro for another
$26 millions
I calculated roughly
$8 million plus minus likely revenue in Q4 of 2025 from documents!
A signed term sheet with Univest securities of
$11 million financing to be close before or at end of February 2026.
It seems a business that has not only stabilized but has a shot at future profits,
Go Phoenix, Phoenix go