Everywhere you can find this information on Nobe Cars: Nobe Cars Investors site: nobecarsinvestors.com Roman Muljar Scam Watch: romanmuljar.com Nobe CEO assaults EV investor: romanmuljar.com/Nobe-CEO-assaults-investor Nobe exposé playlist: th-cam.com/play/PLgZMWKFLXSXcyCaW9hKsZRJQj8jyiBQAk.html Nobe Cars Scam Page on Facebook: facebook.com/ToBeOrNobe News article: www.err.ee/1608339437/eesti-esimese-elektriauto-projekti-aktsionarid-on-tulli-pooranud
Wow, interesting. Good investigation video. The way Muljar responds to accusations by laughing doesn't help his credibility at all. Definitely not a company I'd be interested in investing in. If they were to somehow make it to production and crank out critically acclaimed vehicles at a steady pace, then I could revisit. Seems very doubtful, though. With all the press I've seen of Nobe, the pre-order quantity of 40 vehicles about knocked me out of my chair. How ridiculously small. The fact that Muljar was wasting time on arguments over 1 - 2k Euros and swapping projects from a boat to a Nobe pickup to a Nobe shows poor focus skills. This is not the type of individual you want leading an organization. This is a person that needs to be actively managed.
Pre-order of 40 vehicles after working on this for 10 years? Then they drop the price to $250 for preorders. A couple months later they drop it to $125. At that price they may get a lot of reservations from people who will never end up buying the car.
I don't think "Muljar was wasting time on arguments over 1 - 2k Euros". I think it played out like this. Nobe was behind on paying taxes and had criminal charges filed against them. That CFO in the US saw how serious this was and sent (what Muljar SAYS was only) $2,000 out of his own pocket to pay for it. What does Muljar do? Decides he doesn't have to spend it on what it was requested for, sent for, and agreed to, and says something like "I'm the CEO, I can spend it however I want." That's the argument, the guy not only defrauded his own CFO, he put the company in jeapordy by doing so. He needs paint for development? Really? Not spending 2,000 on paint, if he's not lying about the amount, slows develpment down by a week and they've already taken 10 years so far. Not paying taxes led to criminal charges and probably could have shut down the so-called "company."
Hang on John! We were both questioning what was €1,700 as it turns out. You said why are they wasting their time with that. I pointed out when you solicit and are given money for a specific purpose that, no, it's not just up to you to "do whatever you want with it" especially when you put the company in jeopardy by doing so. Well there is another issue there we both missed. The way the CEO is managing Nobe Cars, and its finances, is so pathetic they do not even HAVE €1,700 to pay the taxes with. This is the same guy who has promised that their empty shell of a car has been going into production in a month or two for the past several years. This is the guy who says they have partnerships with big players all over the world. Riiggght... and they don't even have US$2,000 on hand to pay taxes and keep the company from getting shut down? It does not add up that this is the same company he is promising is going to be the next Mini and worth $5 billon!
Looking cool aside (and not factoring in poor management, bankruptcy and criminal charges) Nobe 100GT is still a £40k toy, as a value proposition it's already doomed. The reason I like the vehicle initially was because despite its limitations it looked like the first viable mass produced EV that could actually be reasonably priced. it's now as expensive as a Tesla Model 3.
Whoa. Good point. Doesn't matter how good or bad the car is or how incompetent or corrupt the management is reported to be. Doesn't even matter if they ever really make the thing. At $25K it was a hefty expense that the looks compensated for somewhat. At $40K people are going to want their money's worth.
Age old story of "visionary" who is dreaming but doesn't realize he is floating away from reality. Seen it over and over... Bigger than Mini he said... This man needs help
@John Jackson Right! So they kick a bunch of guys out of the project and it looks like those were the only guys there that knew what they were doing. Then the reporter says they shipped a an inoperable fake to Munro. Muljar explains "Well, you can't ship the batteries." Well you can. That does seem like that was everything wrong with the car. Look at the parts on the factory floor. Their steering was just junk salvaged off of old wrecks. That is not a prototype. It's an empty body sitting on top of somebody else's work. They didn't even develop anything that wasn't the red body. Now if you were a businessman and you were shipping a prototype for evaluation don't you think you would send one that works? He tries to cover it saying you can't ship batteries. But if that is the case then any honest and intelligent person would have informed the recipient BEFORE it shipped. "Hey Mr. Munro, we're shipping you a car that doesn't run. Here's what you'll need to do to fix it." And of course you would have asked "Is that OK? Of course Munro had no idea he was sending them that didn't work: 8:29 the entire team was shocked. 8:34 The vehicle did not operate. 8:36 It did not come performance ready, 8:39 which was a bit of a shock, if you will, 8:43 because everybody anticipated that that vehicle would be operational 8:53 That must have been very alarming for you. 8:56 Hugely alarming... So for Muljar to act like they knew it and this was business as usual means he doesn't know business or he is lying.
Visionaries rarely run companies well. If Muljar was hired as a designer for someone else’s company this car would be everywhere by now. His boat design would be everywhere by now, Muljar would be considered one of the greatest and he could wear that giant ego with pride. Instead he’ll end up mentioned in occasional internet forums talking about bad business practices, control issues, short attention spans and geniuses that refuse to play to their strengths. It’s annoying because I’d love to own something like a Nobe but unless I make it myself it will never happen.
That would be an interesting twist. He's taken 10 years and $3 million to repeatedly make about $50,000 worth of the start of a first prototype and never get anywhere close to finishing it. You are right. They could do it better and faster without him. It's not just the guys in the video though. A lot of people dumped their savings into the Indiegogo and Fundedbyme campaigns and will never see that back. Why would anyone even stick around or try to revive Nobe? They would be starting with a $3mil hole and not even a usable design to show for it.
Thank you. Things seemed too good to be true about Nobe. Pay attention to tone and body language when you watch this video. Watch the car in Nobe's video where it drives out to the cliff with the piano player. Have you seen how it goes over bumps? I don't think anyone that has reported on on the Nobe 100 has actually driven it.
@wensleydaleMr You are right. The CEO's attitude tells a story in itself. Such a relief to have this video because it is going to end a lot of arguments I've been having.
Well you have to look at the big picture here. Roman is protecting the only thing that will get him out of the hole he is in. As far as the concept is concerned, it's brilliant. The little car is a knockout and everybody seems to like it. All I can say, as an investor, that Roman just needs to build a great working prototype and send it to the States. Look at Elon, and the issues he had with Tesla at the beginning. Startups are notoriously risky and complicated. I personally hope they make it!
You invested in this company and you say it is okay for him to lie to and cheat his investors, employees and partners? Just need to build a working prototype? They said they already had one but even that would barely move. At least you admit the company is in a hole. It sure is. Does he even intend to build a car or is he just living off your money?
You got that right. The news report sounds exactly like the history of the Dale car that is in our playlist. th-cam.com/play/PLgZMWKFLXSXcyCaW9hKsZRJQj8jyiBQAk.html
The way to go is to make Sandy Monroe the CEO! The present CEO/inventor is a character, but does he HAVE character? Very disappointing on the face of it, because the car LOOKS promising, but other 3-wheel car companies also have interesting products coming out.
@@ifly2themoon171 Munro & Associates are working with dozens of car companies and multiple EV startups. Long ago they did work for Nobe but probably never will again. Nobe didn't pay their bills to Munro either and since anyone with both brains and money won't invest in them anymore, they aren't going to be able to pay off the hundreds of thousands of dollars they owe them. While Munro has the class and business sense not to state it directly, there are strong indications they aren't going to be working with a company again that ripped them off and sent them a car that didn't even run.
The potential is there. Nobe needs to partner with a similar company such as Mazda who ushered in the Miata which had a similar buzz. Fun to drive and simple with retro looks are the selling points of this car. This fits in with Mazda’s philosophy. If Roman can’t deliver, please sell the design to some company that can. Don’t let this dream die on the vine.
That's never going to happen. No big company will ever buy Nobe Cars. It's overpriced. It doesn't run. All it has is looks. 10 years and millions of dollars and all they have to show for it is fancy offices. Even if the car wasn't a pile of junk what company is going to give money to a guy who tries to beat up his investors?
What is there to sell really? Nobe keeps throwing the tiny amounts it has achieved into the garbage can and then starting over with new partners that haven't figured them out yet. Wouldn't any big automaker seriously look anywhere else?
Tucker could be Nobe's hero. www.en.wikipedia.org/wiki/Preston_Tucker The Tucker story sounds very similar to what we just heard in the news report. Some quotes from the Wikipedia article: "Feeling pressure from the SEC, Harry Aubrey Toulmin, Jr., the chairman of the Tucker board of directors, resigned and wrote a letter to the SEC on September 26, 1947, in an attempt to distance himself from the company. In the letter, Toulmin indicated that he quit 'because of the manner in which Preston Tucker is using the funds obtained from the public through sale of stock.' Describing Tucker as 'a tall, dark, delightful, but inexperienced boy', Toulmin added that the Tucker '48 machine 'does not actually run, it just goes 'goose-geese'' and 'I don't know if it can back up.' In reply, Tucker stated that he had asked Toulmin to resign "to make way for a prominent man now active in the automobile industry." The "prominent man" turned out to be Preston Tucker himself." "At trial, the government contended that Tucker never intended to produce a car." "As the trial proceeded, the government and SEC brought several witnesses (mostly former Tucker employees) to highlight the rudimentary methods used by Tucker to develop the car; the early suspensions were installed three times before they worked, and early parts were taken from junkyards to build the prototype." "Tucker Vice President Lee Treese testified that Tucker's metal stamping and parts fabrication operations were 90% ready to mass-produce the car by June 1948..."?! "SEC accountant Joseph Turnbull, who testified that Tucker had taken in over $28 million and spent less than one-seventh of it on research and development of the car. He stated that Tucker had taken over $500,000 of the investors' money for himself, but never delivered a production car." "Despite the outcome of the trial, speculation has continued with regard to the question of whether Tucker genuinely intended to produce a new car and bring it to market, or whether the entire enterprise was a sham, designed for the sole purpose of collecting funds from gullible investors." But at this point they had 1900 employees, a far cry from Nobe's four guys in a garage, which may point even more to the fact that Nobe's CEO is even MORE of a "delightful, but inexperienced boy".
Everywhere you can find this information on Nobe Cars:
Nobe Cars Investors site: nobecarsinvestors.com
Roman Muljar Scam Watch: romanmuljar.com
Nobe CEO assaults EV investor: romanmuljar.com/Nobe-CEO-assaults-investor
Nobe exposé playlist: th-cam.com/play/PLgZMWKFLXSXcyCaW9hKsZRJQj8jyiBQAk.html
Nobe Cars Scam Page on Facebook: facebook.com/ToBeOrNobe
News article: www.err.ee/1608339437/eesti-esimese-elektriauto-projekti-aktsionarid-on-tulli-pooranud
Wow, interesting. Good investigation video. The way Muljar responds to accusations by laughing doesn't help his credibility at all. Definitely not a company I'd be interested in investing in. If they were to somehow make it to production and crank out critically acclaimed vehicles at a steady pace, then I could revisit. Seems very doubtful, though. With all the press I've seen of Nobe, the pre-order quantity of 40 vehicles about knocked me out of my chair. How ridiculously small. The fact that Muljar was wasting time on arguments over 1 - 2k Euros and swapping projects from a boat to a Nobe pickup to a Nobe shows poor focus skills. This is not the type of individual you want leading an organization. This is a person that needs to be actively managed.
Pre-order of 40 vehicles after working on this for 10 years? Then they drop the price to $250 for preorders. A couple months later they drop it to $125. At that price they may get a lot of reservations from people who will never end up buying the car.
I don't think "Muljar was wasting time on arguments over 1 - 2k Euros". I think it played out like this. Nobe was behind on paying taxes and had criminal charges filed against them. That CFO in the US saw how serious this was and sent (what Muljar SAYS was only) $2,000 out of his own pocket to pay for it. What does Muljar do? Decides he doesn't have to spend it on what it was requested for, sent for, and agreed to, and says something like "I'm the CEO, I can spend it however I want." That's the argument, the guy not only defrauded his own CFO, he put the company in jeapordy by doing so. He needs paint for development? Really? Not spending 2,000 on paint, if he's not lying about the amount, slows develpment down by a week and they've already taken 10 years so far. Not paying taxes led to criminal charges and probably could have shut down the so-called "company."
Hang on John! We were both questioning what was €1,700 as it turns out. You said why are they wasting their time with that. I pointed out when you solicit and are given money for a specific purpose that, no, it's not just up to you to "do whatever you want with it" especially when you put the company in jeopardy by doing so. Well there is another issue there we both missed. The way the CEO is managing Nobe Cars, and its finances, is so pathetic they do not even HAVE €1,700 to pay the taxes with. This is the same guy who has promised that their empty shell of a car has been going into production in a month or two for the past several years. This is the guy who says they have partnerships with big players all over the world. Riiggght... and they don't even have US$2,000 on hand to pay taxes and keep the company from getting shut down? It does not add up that this is the same company he is promising is going to be the next Mini and worth $5 billon!
Looking cool aside (and not factoring in poor management, bankruptcy and criminal charges) Nobe 100GT is still a £40k toy, as a value proposition it's already doomed. The reason I like the vehicle initially was because despite its limitations it looked like the first viable mass produced EV that could actually be reasonably priced. it's now as expensive as a Tesla Model 3.
Whoa. Good point. Doesn't matter how good or bad the car is or how incompetent or corrupt the management is reported to be. Doesn't even matter if they ever really make the thing. At $25K it was a hefty expense that the looks compensated for somewhat. At $40K people are going to want their money's worth.
Age old story of "visionary" who is dreaming but doesn't realize he is floating away from reality. Seen it over and over... Bigger than Mini he said... This man needs help
The looks are good, but it seems to stop there. "Wanna buy my cool idea?" You need more than that.
@John Jackson Right! So they kick a bunch of guys out of the project and it looks like those were the only guys there that knew what they were doing. Then the reporter says they shipped a an inoperable fake to Munro. Muljar explains "Well, you can't ship the batteries." Well you can. That does seem like that was everything wrong with the car. Look at the parts on the factory floor. Their steering was just junk salvaged off of old wrecks. That is not a prototype. It's an empty body sitting on top of somebody else's work. They didn't even develop anything that wasn't the red body.
Now if you were a businessman and you were shipping a prototype for evaluation don't you think you would send one that works? He tries to cover it saying you can't ship batteries. But if that is the case then any honest and intelligent person would have informed the recipient BEFORE it shipped. "Hey Mr. Munro, we're shipping you a car that doesn't run. Here's what you'll need to do to fix it." And of course you would have asked "Is that OK?
Of course Munro had no idea he was sending them that didn't work:
8:29 the entire team was shocked.
8:34 The vehicle did not operate.
8:36 It did not come performance ready,
8:39 which was a bit of a shock, if you will,
8:43 because everybody anticipated that that vehicle would be operational
8:53 That must have been very alarming for you.
8:56 Hugely alarming...
So for Muljar to act like they knew it and this was business as usual means he doesn't know business or he is lying.
I wondered why the reporter zoomed in on the rusty parts on the floor. The suspension is old junk. No wonder it bounces so much and drives so slow.
Visionaries rarely run companies well. If Muljar was hired as a designer for someone else’s company this car would be everywhere by now. His boat design would be everywhere by now, Muljar would be considered one of the greatest and he could wear that giant ego with pride. Instead he’ll end up mentioned in occasional internet forums talking about bad business practices, control issues, short attention spans and geniuses that refuse to play to their strengths.
It’s annoying because I’d love to own something like a Nobe but unless I make it myself it will never happen.
What will ultimately happen is that the American investors will create their own new design and build a retro three wheeler completely without him.
That would be an interesting twist. He's taken 10 years and $3 million to repeatedly make about $50,000 worth of the start of a first prototype and never get anywhere close to finishing it. You are right. They could do it better and faster without him. It's not just the guys in the video though. A lot of people dumped their savings into the Indiegogo and Fundedbyme campaigns and will never see that back. Why would anyone even stick around or try to revive Nobe? They would be starting with a $3mil hole and not even a usable design to show for it.
Thank you. Things seemed too good to be true about Nobe. Pay attention to tone and body language when you watch this video. Watch the car in Nobe's video where it drives out to the cliff with the piano player. Have you seen how it goes over bumps? I don't think anyone that has reported on on the Nobe 100 has actually driven it.
@wensleydaleMr You are right. The CEO's attitude tells a story in itself. Such a relief to have this video because it is going to end a lot of arguments I've been having.
Seems like we all fall in love with the looks but you are saying that is literally only skin deep here.
Well you have to look at the big picture here. Roman is protecting the only thing that will get him out of the hole he is in. As far as the concept is concerned, it's brilliant. The little car is a knockout and everybody seems to like it. All I can say, as an investor, that Roman just needs to build a great working prototype
and send it to the States.
Look at Elon, and the issues he had with Tesla at the beginning. Startups are notoriously risky and complicated. I personally hope they make it!
You invested in this company and you say it is okay for him to lie to and cheat his investors, employees and partners? Just need to build a working prototype? They said they already had one but even that would barely move. At least you admit the company is in a hole. It sure is. Does he even intend to build a car or is he just living off your money?
Shades of Elizabeth Carmichael and the Dale.
You got that right. The news report sounds exactly like the history of the Dale car that is in our playlist. th-cam.com/play/PLgZMWKFLXSXcyCaW9hKsZRJQj8jyiBQAk.html
This is great. I had seen the article and even reposted it but I never saw the interview. I'm going to link to this. Where did you find it translated?
Thanks. Video has sooo much more than the article.
The way to go is to make Sandy Monroe the CEO! The present CEO/inventor is a character, but does he HAVE character? Very disappointing on the face of it, because the car LOOKS promising, but other 3-wheel car companies also have interesting products coming out.
Nice play on words with "character," and the question kind of answers itself, doesn't it?
I wonder though, if Munro even had the time, would he even think about taking the job?
@@nobecarsinvestigation He is pretty busy helping another 3-wheeler getting ready for production: The Aptera.
@@ifly2themoon171 Munro & Associates are working with dozens of car companies and multiple EV startups. Long ago they did work for Nobe but probably never will again. Nobe didn't pay their bills to Munro either and since anyone with both brains and money won't invest in them anymore, they aren't going to be able to pay off the hundreds of thousands of dollars they owe them. While Munro has the class and business sense not to state it directly, there are strong indications they aren't going to be working with a company again that ripped them off and sent them a car that didn't even run.
The potential is there. Nobe needs to partner with a similar company such as Mazda who ushered in the Miata which had a similar buzz. Fun to drive and simple with retro looks are the selling points of this car. This fits in with Mazda’s philosophy. If Roman can’t deliver, please sell the design to some company that can. Don’t let this dream die on the vine.
That's never going to happen. No big company will ever buy Nobe Cars. It's overpriced. It doesn't run. All it has is looks. 10 years and millions of dollars and all they have to show for it is fancy offices. Even if the car wasn't a pile of junk what company is going to give money to a guy who tries to beat up his investors?
What is there to sell really? Nobe keeps throwing the tiny amounts it has achieved into the garbage can and then starting over with new partners that haven't figured them out yet. Wouldn't any big automaker seriously look anywhere else?
Steering is on the wrong side.
Wrong side for who? Supposedly there will be both right side and left side versions.
Do you think that in every country that the steering is on the same side !!!!! Stupid Republican .
Another Tucker story in the making.
Seems a lot like The Dale car too. th-cam.com/video/Ms9oQSPVEUE/w-d-xo.html
Tucker could be Nobe's hero. www.en.wikipedia.org/wiki/Preston_Tucker
The Tucker story sounds very similar to what we just heard in the news report. Some quotes from the Wikipedia article:
"Feeling pressure from the SEC, Harry Aubrey Toulmin, Jr., the chairman of the Tucker board of directors, resigned and wrote a letter to the SEC on September 26, 1947, in an attempt to distance himself from the company. In the letter, Toulmin indicated that he quit 'because of the manner in which Preston Tucker is using the funds obtained from the public through sale of stock.' Describing Tucker as 'a tall, dark, delightful, but inexperienced boy', Toulmin added that the Tucker '48 machine 'does not actually run, it just goes 'goose-geese'' and 'I don't know if it can back up.' In reply, Tucker stated that he had asked Toulmin to resign "to make way for a prominent man now active in the automobile industry." The "prominent man" turned out to be Preston Tucker himself."
"At trial, the government contended that Tucker never intended to produce a car."
"As the trial proceeded, the government and SEC brought several witnesses (mostly former Tucker employees) to highlight the rudimentary methods used by Tucker to develop the car; the early suspensions were installed three times before they worked, and early parts were taken from junkyards to build the prototype."
"Tucker Vice President Lee Treese testified that Tucker's metal stamping and parts fabrication operations were 90% ready to mass-produce the car by June 1948..."?!
"SEC accountant Joseph Turnbull, who testified that Tucker had taken in over $28 million and spent less than one-seventh of it on research and development of the car. He stated that Tucker had taken over $500,000 of the investors' money for himself, but never delivered a production car."
"Despite the outcome of the trial, speculation has continued with regard to the question of whether Tucker genuinely intended to produce a new car and bring it to market, or whether the entire enterprise was a sham, designed for the sole purpose of collecting funds from gullible investors." But at this point they had 1900 employees, a far cry from Nobe's four guys in a garage, which may point even more to the fact that Nobe's CEO is even MORE of a "delightful, but inexperienced boy".
Ugly, Ugly, Ugly car. If they sell 100 I will be surprised.
The car isn't everyone's taste but that doesn't matter if they never even make it.