VFS: What's Going on Next?
$VinFast Auto(VFS)$ I read somewhere that the owner is required to hold on to 99% of the shares for 180 days if they do IPO thru SPAC. By that time 2 quarterly financials would be reported and the public would know more about the company. Maybe these restrictions are in place to protect the investment community (except the really greedy players disregarding the timing risks anyway).
If true, VinFast tried to pull a fast one on Nasdaq but will fail miserably and will be so "naked" it would be a shame for the communist company.
What’s more, I saw an article in CNBC: VinFast faces hurdles of regulation, and fierce competition from other EVs in Europe; consequently, VFS closed office in Germany, and some other places in Europe.
VFS quarterly rev growth rate -49.2%; gross profit -12.27T (T=trillion VN currency); all financial negative or N/A. Bad fundamentals. No positive data to support over-priced; VFS continues bleeding…
Some troubles there need to be solved….
Unless some things changed can VFS be better.
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