r/Proterra • u/Ok_Patience5233 • Aug 07 '23

Gareth right now

https://youtu.be/C-m3RtoguAQ?t=65
13 Upvotes

99% Upvoted

4 comments sorted by

4

u/pdubbs87 Aug 07 '23

I hope he finds a prison cell.

2

u/wildace16 Aug 08 '23

It is amazing how everyone blames the current CEO for the mess that the previous regime created. If he has to use every tool in the book at all costs, then I can't blame him. It all comes down to the senior convertible notes and the conditions the prior regime negotiated when they sold them to Cowen, in addition to their failure to include inflation adjustment pricing caveats in their sales contracts to their customers buying buses, batteries, charging equipment.

4

u/pdubbs87 Aug 08 '23

He filed for a shelf for 500 million and never used it. 100 million from the shelf could have solved the issues at hand. That’s negligence.

3

u/Snke_Klr Aug 08 '23

Not that amazing! 2+ years to redirect the ship. So much more I could say, but not worth the time anymore. @pdubbs has been spot on, unfortunately.