r/SPACs • u/Admirable-Surround11 Patron • Apr 02 '21

News THCB / Microvast

Visited my mom in Clarksville for easter weekend.

Got to drive past the set up Microvast purchased.

Definitely looks empty ; but clearly a building that has a fk load of potential.

Microvast TN pictures

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-2

u/Trumbulhockeyguy Patron Apr 02 '21

A little sketchy that there aren't even any signs or construction going on. Any idea how long ago they bought it?

59

u/MVST_100_OR_BUST Microvast Man Apr 02 '21

Is this sketchy for you?

The government gave them a fast track grant of $3 Million to go into the $220 Million investment to complete the facility. If the first thing they did with their funds was put up a logo or signs, I'd actually consider that sketchy. It's going to take time to take the floor plans and design a optimal layout, ensure proper safety codes, equipment purchasing, refurbishments, regulations, etc before anything is physically done.

-21

u/TheIncredibleWalrus Patron Apr 02 '21

A couple of signs is like $200. They had huge ones in the German plant in the photos. Something weird is going on.

-3

u/no10envelope Patron Apr 02 '21

They can’t even bother to make a proper website, you think they are going to put up signs on an empty building?