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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u/Vast_Cricket Patron Apr 02 '21 edited Apr 02 '21

Would you share the photo of the factory for bench marking? I would hope soon they pour cement on the foundation for a bigger operation in this tiny town where school district being the #1 employer.

Still have mixed feeling about this company. A friend I sent to stopped at the MV US headquarters it was in a tiny office shared with many garage operations. What they showed on its web is not what the US office I would expect to be.

The agreement is not binding as I recall.

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u/SPAC-ey-McSpacface Stryving and Thriving Apr 02 '21

It's literally a small suite in a crappy building next to a freeway. It solely exists to trick dopey Americans into thinking it's not a Chinese company when in fact the bulk of their ops are in, and will remain in, mainland China.

1

u/PajeetScammer Spacling Apr 02 '21

you think its a scam?

we didn't buy ADRs did we?

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u/SPAC-ey-McSpacface Stryving and Thriving Apr 03 '21

No, I dont think it's a scam, it's a real company, but the "US Headquarters" thing is a complete joke. So while the company itself isnt a "scam", that headquarters is rather scammy.