One should remember that Gasoline prices in the States were, in 1981,
at the highest level ever when considering inflation.In today's dollar
it would be $2.41 per gallon. The auto industry was in a bit of a
recession and Wall Street wasn't, at that time, particularly armored
with cyclical stocks like the auto industry. It wasn't the best of
times to introduce a new car, especially a sports car with rather radical
styling.
Bruce Benson
>This "inside information" about the car, company and man, prevented the
>stock from going public. At that time DeLorean needed to take his stock
>public to survive, or go bankrupt. When Wall Street researched the story of
>DMC, they pulled back the offering of the stock. They concluded that,
> 1. There was not enough demand to support the overhead of DMC.
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