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tags:

• thesis/fraud
• analyst/white-diamond-research
• sector/green
• potential/short ...

Hello WDR Subscriber, BREAKING NEWS: GreenPower Motor Is Being Sued By One of Its Largest Customers And Might Have To Pay Back Millions In California Government Incentives

Green Power Motor’s (GP) largest customer, Green Commuter, is suing GP for failing to deliver vehicles yet still charging Green Commuter the lease payments. Therefore, not only did GP lose one of its biggest customers, it also must pay court fees and likely will owe millions to Green Commuter.

GP also could be in hot water with California’s HVIP (Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project),and owe them millions.

Furthermore, GP is currently broke and needs to raise money to keep the lights on.

See full lawsuit here.