Hoke defended the company’s financial record thus far noting that it has successfully raised hundreds of millions of dollars in capital since it was founded in 2011. **How do you defend losing your ass consistently for fourteen consecutive years? “With one of the lowest burn rates industry. Big deal, so you’re so very proud of losing money slower than others. The statement is beyond stupid. Volocopter has successfully operated in an extremely difficult financial environment,” he said. “However, despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible.” It will be business as usual as the company develops its restructuring plan and goes after more funding. You have redefined the definition of “delusional.” It has not announced any layoffs among its approximately 500 employees. Again, about as delusional as it gets.
1 Like