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  "documentTitle": "ADOMANI (ADOM)",
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  "authorName": "White Diamond Research",
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  "notes": "The slide uses a skeptical tone to highlight discrepancies between company claims and actual performance.",
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      "text": "With Zero Revenues in 2017, ADOMANI’s Sales Projections Continue To Be A Daydream",
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      "text": "CTO ADOMANI, Inc Dec 2011 - Present • 5 yrs 10 mos Orange, California Actual working and drivable All electric Box truck and F150. There are many videos of these vehicles working and running with data logging of vehicle working and running. Over 2,000 miles each of proven reliability and performance on both of these vehicles.",
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      "text": "2013: ADOMANI Hybrid Mustang, Electric Ford Ranger and Hybrid Ram 1500 truck\n2014: ADOMANI Electric Ford F-150 and Electric School Bus\n2016: ADOMANI Box Truck",
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      "text": "His LinkedIn page also contains his previous company as owner of Ronaele Mustang. Ronaele customized Ford Mustangs. Most relevant to ADOMANI was an electric version and we suspect this was the inspiration to start ADOMANI.",
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      "text": "Monfort’s LinkedIn page says he became CTO of ADOMANI in December, 2011. And it looks like he hasn’t updated his page in awhile as it says they have an electric Box truck and an F150.",
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      "text": "In this section, we’re looking at the sales projections ADOMANI had for 2017 in its IPO prospectus, and compare it to how the company has performed so far. With Tesla prominent in financial news for its electric cars and soon to come trucks, ADOMANI has done a good job stoking the electric vehicle (EV)",
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      "text": "Clearly sales weren’t great, as Monfort was done with the company in March, 2010. Then, as stated in this ADOMANI filing from November 2014, Mr. Monfort filed a Chapter 7 Bankruptcy Petition in November 2010.",
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      "text": "Youtube has various videos that track the evolution of Monfort and ADOMANI.",
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      "text": "All involve a stock vehicle modified with an electric motor. And none of them seem to have had any success at generating actual sales.",
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