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  "documentTitle": "ADOMANI (ADOM)",
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  "notes": "The slide uses a skeptical, investigative tone to discredit the company's management claims.",
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      "text": "If the customer has not even been identified, how can the sales process have been started? It can't, and better fits the definition of a daydream: “a pleasant visionary usually wishful creation of the imagination.”",
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      "text": "Nothing in ADOMANI’s presentation is more egregious than how they use the term “Pipeline”. The standard definition is “an activity that is between the starting point and the completion point.” ADOMANI claims a $275M pipeline, but $150M of that is “VWS not identified.” If the customer has not even been identified, how can the sales process have been started? It can’t, and better fits the definition of a daydream: “a pleasant visionary usually wishful creation of the imagination.”",
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      "text": "ADOMANI has daydreamed a lot from past PRs. We can see one of these PRs in 2015 when they signed up to be the Factor Representative for GreenPower Motors (GPVRF) in California. ADOMANI claimed they will “bring 50 GreenPower zero emission school buses into the state in 2016 and an additional 100 in 2017”. And here we are in late 2017, and the company is stuck on 0 buses from GreenPower.",
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      "text": "Again, over a year later and 0 buses have been sold. We doubt Mr. Oldridge would make this statement today regarding its partnership with ADOMANI. We wouldn’t know, however, as we have tried to get in contact with GreenPower investor relations three times but they have stealthily avoided us each time.",
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      "text": "Then on June 2, 2016, ADOMANI embarked on more daydreams with GreenPower, when GreenPower issued a PR titled: “GreenPower Announces 9 Letters Of Intent Received By ADOMANI For 25 GreenPower All-Electric School Buses.”",
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      "text": "“While most of these letters of intent are for Type C school buses, we are also seeing interest for the Type A school buses as well. Our factory representative agreement signed with ADOMANI late last year has continued to be an exceptional partnership, enabling us to rapidly pursue market opportunities in California,” stated Phillip Oldridge, CEO of GreenPower.",
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      "text": "“While most of these letters of intent are for Type C school buses, we are also seeing interest for the Type A school buses as well. Our factory representative agreement signed with ADOMANI late last year has continued to be an exceptional partnership, enabling us to rapidly pursue market opportunities in California,” — Phillip Oldridge, CEO of GreenPower.",
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      "text": "Fantasy Financial Projections",
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