Symbol: MAMO
Purchase Date: 07/26/2024
Share Amount: 237
Purchase Price: $4.15
Total Cash Spent: $984.74
Headquarters: Garland, TX
Owner/Operator: David Shan
Shares Owned: 77% of shares
IPO Date: April 4, 2024
Why: How do you create and market extremely affordable "American-made" sport recreation vehicles and boats?
1.) Import cheap parts from China
2.) Have your HQ in the most American state known to man - Texas
3.) Brand your company with a mysterious Italian last name
4.) Market products as American-assembled
Introducing Massimo Group, founded in 2009 by Chinese owner/operator David Shan with the goal of providing powerful, affordable, and reliable products to the utility and sports enthusiast markets. They offer a wide range of ATV's, UTV's, Golf Karts, Go-Karts, and Pontoon boats. They have even branched into electric rec. vehicles and boats - who would have thought!
There is nothing that Americans love more than their outdoor rec toys! And in a society where keeping up with the neighbors is as engrained as needing to breathe, a cheap "American-made" (they call it American-assembled) recreational vehicle from Texas, is a business plan sure to grow.
Trade Ticket: