$NIO Inc (NIO.US)$ The real issue is not about raising funds...
$NIO Inc(NIO.US$ The real issue is not about raising funds but it is about how management lies to investors. On every earning call management says that they have enough cash and do not have any plan to raise fund and then they raise funds after next month e.g. last quarter from Abu dhabi, and this time the convertible notes. A very untrustworthy management.
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71229336Bedbugguy : You are correct listen to the conference calls .” We do not need any cash”.All Lies Li needs to Go Now
bobosky : Discount we buy?
103027647 : one nio house in Beijing rental already 100mil rmb.there are 140nio house I china exclude Europe .such a huge cash burn ,sure will raise cash non stop.
DanielT0304 : CEO should step down, margin is so low and yet burning cash with projects that doesn't increase bottom line. He needs to be held accountable for his actions.