Public commenter Mikie Friedman defined to City Council on Monday why Lime is unlikely to satisfy a vital a part of its new contract with West Hollywood — a clause requiring the scooter firm to reveal any pending chapter. Rival firm Bird gave town no advance warning when it filed for Chapter 11 in December.
Bird let town blindly go forward with part two and didn’t say a phrase about about going out of business. And you trusted them, and I don’t get why you continue to belief Lime. All alongside, they’ve refused to cooperate. Are they going to alter now and begin monitoring the scooter riders, paying the penalties, and selecting up the deserted scooters? Have you checked their document in different cities? Will Lime swoop in with their very own scooters to exchange those that Bird has eliminated? The contract says they will solely have 200 scooters, however will they dump extra right here with out permission once more?”
“I worry about our pedestrians tripping over and being hit by scooters, and we continue to spend our tax money on Block by Block and ABM to do Lime’s job. Now, the new clause: Lime must give you advanced notice if they’re going into bankruptcy. Listen up, here’s some important considerations for you: no matter what they tell you, Lime won’t release that information ahead of time because that would send their venture capitalists scrambling to recoup their investment money before it’s gone.”
“Lime’s CEO says they’re profitable, but he has never released independent verification of that. The CEO also says they rely on RFPs, so they have to charm cities in order to get their scooters in. Lime has private stock which is selling at 4 cents a share, but they’re having trouble qualifying for the IPO they really want to go public, and news of a bankruptcy would endanger their chances of getting an underwriter for that IPO.”
“Please don’t sign anything. Find out their true financial health from independent sources. I saw that you asked for statistics on accidents, but safety is more than just the number of accidents. You have to trust the people you’re working with. Do you? So for your safety and ours, dump the scooters and the contract too.”
@wehoonlineMikie Friedman Says don’t belief the scooter corporations
