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As a follow up to my previous posts, for context, current Nikola FCEV trucks have a hydrogen fuel tank capacity of 70 kg, and range of 500 miles. Thus, if the hydrogen refueling station has a refueling rate capacity of 100 kg H2 in 10 minutes, a next generation Nikola FCEV truck with a larger tank capacity of 100kg, could travel 715 miles and refuel in 10 minutes (conservatively assuming no advancements in fuel cell efficiency).
Do all the Institutional investors have to be on board to pass the R/S proposal or it can pass simply with the votes of NKLA management shares?
And if it needs the Inst. Investors votes,... Anyone here have any idea where they stand.
I just can't see the price moving up with the RS having come to the foreground.
FirstElement Fuel, World-Leader in Hydrogen Refueling Solutions, Selected as a Top 40 US GreenTech Company by Time Magazine
Apr 22, 2024
https://www.prnewswire.com/news-releases/firstelement-fuel-world-leader-in-hydrogen-refueling-solutions-selected-as-a-top-40-us-greentech-company-by-time-magazine-302122746.html
Relevant excerpt:
FEF's many accomplishments and contributions to the hydrogen refueling space include the design and deployment of the world's first high-capacity HRS capable of refueling 4 vehicles simultaneously; best-in-class performance and availability of HRS; and next month the company will open the world's largest heavy-duty truck HRS with the capability of refueling heavy-duty, medium-duty, and light-duty vehicle classes. The HRS is part of a public and private partnership titled NorCAL ZERO, which was jointly funded by the California Energy Commission (CEC) and the California Air Resources Board (CARB) and is being managed by the Center for Transportation and the Environment (CTE). FEF designed the station with a unique architecture, making it the first station in the world capable of conducting 700 bar, simultaneous, fast fills (i.e., delivering 80 kilograms of hydrogen in under 10 minutes) on up to 200 trucks per day.
Compressor drives for hydrogen filling stations: scalable, robust and compact
Manuela Kessler
22.04.2024
https://www.boschrexroth.com/de/de/unternehmen/presse/produktportfolio-wasserstoff-25088.html
Servo-hydraulic drives for hydrogen compressors and cryogenic pumps increase efficiency and shorten tank cycles
Together with partner companies from the hydrogen economy, Bosch Rexroth has developed a scalable portfolio of servo-hydraulic compressor drives in the power range between 10 and 280 kW. (Image source: Bosch Rexroth AG)
Within the next six years, several thousand hydrogen filling stations are to go into operation worldwide, thus making an important contribution to the decarbonization of the mobility sector. To this end, Bosch Rexroth has developed a scalable portfolio of servo-hydraulic compressor drives in the power range between 10 and 280 kW together with partner companies from the hydrogen economy. A new cryogenic pump, for example, compresses liquid hydrogen directly to 875 bar, enabling the direct refueling of heavy-duty commercial vehicles within a few minutes.
Long service life and start-stop operation, high efficiency with low hydrogen losses and low operating costs: OEMs and operators are looking for solutions that can be implemented quickly and economically for the cost-effective operation of hydrogen filling stations. Based on its decades of experience in electrohydraulics, Bosch Rexroth has developed tailor-made solutions for a cost-effective hydrogen infrastructure together with partner companies.
To achieve this, the company relies on servo-hydraulic drive technology with a continuously adjustable hydrostatic transmission. The robust hydraulics achieve a long service life. Long-stroke, ATEX-certified compressor drive cylinders increase conveying rates through end-position-optimized control. The portfolio covers the power range between 10 and 280 kW and various applications.
New cryogenic pump: 100 kg of hydrogen can be filled up in 10 minutes
Bosch Rexroth is developing the new electrohydraulically driven cryogenic pump in partnership with FirstElement Fuel, the market leader for the commercial operation of hydrogen filling stations in the United States. With a connected load of 280 kW, it compresses liquid hydrogen to 875 bar for the direct refuelling of heavy trucks. The aim is to refuel the vehicles with 100 kg of hydrogen within 10 minutes. Direct refuelling eliminates the need for intermediate storage at petrol stations. The first filling stations will be equipped from 2025.
Bosch Rexroth also offers variants developed in collaboration with partner companies for medium and lower outputs. The 75 kW CytroCore compressor drive can be used for the compression of both liquid and gaseous hydrogen. In the lower power range of 10 kW, a ready-to-connect self-sufficient axle, CytroForce, drives the compressor cylinders. No specific hydraulics know-how is required for either solution.
Standard modules in hardware and software can be finely scaled
For optimum energy efficiency, Bosch Rexroth relies on the so-called positive displacement control. In contrast to throttle control, which is used in most industrial hydraulic systems, position and force control is implemented by means of servo-hydraulic pump control. This control concept reduces energy consumption by approx. 75%. In addition, the compressor drives require less than one square meter of floor space and are much quieter than conventional drive systems. After the one-time parameterization, they are immediately ready for use. They communicate with the control system of the hydrogen filling station via open interfaces. All modules continuously record operating data and thus create the conditions for systematic condition monitoring and predictive maintenance for maximum availability with the digital service CytroConnect.
Bosch Rexroth can configure the standard drives in its portfolio in hardware and software to suit specific applications, thus meeting the requirements of users precisely. The compressor drives simplify the system architecture and operability of hydrogen filling stations and are suitable for both established companies in the hydrogen economy and newcomers.
yes
and I have never - ever - understood the way to make $$ on fuel in this sentence?
Voltera will site, build, own, and operate the strategically located, fit-for-purpose hydrogen refueling stations, and Nikola will supply the hydrogen fuel and provide technical expertise.
Info (from May, 2023) about HYLA and Voltera:
Nikola and Voltera Enter Into a Definitive Strategic Partnership on Hydrogen Station Infrastructure Funding For Up To 50 Stations
Creating the largest North American open-network of commercial hydrogen refueling stations
Published May 2, 2023
PHOENIX and ANAHEIM – May 2, 2023 — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, and Voltera, a leading provider of critical infrastructure necessary to support the full decarbonization of transportation, announced a definitive agreement to develop the hydrogen fueling infrastructure required to support Nikola’s deployment of its innovative zero-emissions vehicles. Through this strategic partnership agreement, Nikola and Voltera plan to develop up to 50 HYLA stations throughout North America over the next five years. This partnership underpins Nikola’s prior announced plans to develop 60 stations by 2026.
Through this partnership, Nikola and Voltera will create the largest North American open-network of commercial hydrogen refueling stations, providing fuel to vehicles from various manufacturers to accelerate the adoption of zero-emission vehicles. Voltera will site, build, own, and operate the strategically located, fit-for-purpose hydrogen refueling stations, and Nikola will supply the hydrogen fuel and provide technical expertise. This partnership will accelerate the deployment of the several billion dollars Voltera plans to invest into EV charging and hydrogen fueling facilities. Together, Nikola and Voltera will develop a reliable and optimal refueling experience.
“Our partnership with Voltera will bring substantial capital and expertise to support Nikola’s plans to build refueling infrastructure to support its customers,” said Carey Mendes, President, Nikola Energy. “Voltera’s expertise in building out zero-emission energy infrastructure will be a key enabler for Nikola’s first-to-market hydrogen fuel cell electric trucks and fueling infrastructure. Nikola and Voltera have a shared commitment to the rapid deployment of infrastructure which is key to enabling the transition to a zero-emission economy.”
“Voltera’s mission is to accelerate the adoption of zero-emission vehicles, by taking on the complex and costly nature of developing the necessary infrastructure,” said Matt Horton, CEO of Voltera. “By partnering with Nikola, we are expanding our focus beyond battery-electric vehicle charging in order to dramatically increase hydrogen fueling infrastructure, reduce barriers for operators buying vehicles at scale to enable mass adoption of hydrogen trucks.”
ABOUT NIKOLA CORPORATION
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, via the HYLA brand, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.
ABOUT VOLTERA
Voltera sites, builds, owns, and operates strategically located, fit-for-purpose EV charging and hydrogen fueling facilities to enable zero-emission vehicle deployment and operation at scale. With equity backing from EQT and plans to invest several billion dollars, alongside a team with deep experience deploying charging assets, proven critical infrastructure expertise and key strategic partners, Voltera is uniquely positioned to help solve the infrastructure challenge and scale zero-emission transportation. For more information, visit www.volterapower.com.
FORWARD LOOKING STATEMENTS
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, expectations about the benefits of the partnership between Nikola and Voltera; expectations regarding the respective business model and strategy; the ability of the partnership to develop a reliable and optimal refueling experience; the expectations regarding projected truck builds and related specifications and the timing of delivery of hydrogen electric trucks; the expectations for Nikola’s trucks and market acceptance of electric trucks; These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; risks related to the conflict between Russia and Ukraine; the outcome of legal proceedings to which Nikola is, or may become a party; the conversion of pre-orders into binding orders; risks related to the rollout of Nikola’s business and the timing of expected business milestones; the effects of competition on future business; the availability of capital; slower than anticipated growth of new clean energy product offerings; inability to achieve expected pricing increases or continued supply chain challenges including volatility in raw materials and supply; and market opportunity, and the other risks and factors detailed from time to time in each of Nikola’s reports filed with the Securities and Exchange Commission, including factors discussed in the Risk Factors in Nikola’s most recent Annual Report on Form 10-K filed with the SEC for the year ended year ended December 31, 2022 and other documents Nikola files with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.
NIKOLA MEDIA CONTACT
press@nikolamotor.com
VOLTERA MEDIA CONTACT
Lawren Markle
Gladstein, Neandross & Associates (GNA) for Voltera
424-224-5364
lawren.markle@gladstein.org
https://nikolamotor.com/nikola-and-voltera-enter-into-a-definitive-strategic-partnership-on-hydrogen-station-infrastructure-funding-for-up-to-50-stations
$NKLA
Not a word about HYLA in that article? Only this if I'm not mistaken:
Girsky believes Nikola can accomplish those goals even as it expands its hydrogen charging network with its partner Voltera. It aims to open 14 of those stations by the end of 2024 to support its own FCEVs.
https://www.msn.com/en-us/money/savingandinvesting/nikola-stock-buy-sell-or-hold/ar-AA1nnx44
$NKLA
We have received information from one of our community members that 2 new #HYLA stations will be opening in the Toronto area in the next few weeks. This is huge for business expansion because there are 6 million people in the GTA! pic.twitter.com/gcAIMG6C54
— Super Stock Bull (@SuperStockBull) April 21, 2024
Motley Fool
not the dude with charts and such but another "analyst" - Leo Sun
the article concludes with -- oops - sell -- BUT BUT
this article shows he original expectation in trucks per year
the current situation - focus on 23
but does open the door wide to speculation -- that finally - and based on visible stuff --- this could be a year where NKLA shows its metal
very interesting article
3 or 4 years out?
NKLA Stock - Nikola WHY IS T DOWN? - Martyn Lucas Investor
Martyn Lucas Investor
22.2K subscribers
Posted Apr 15, 2024
This Startup With A Better Way To Fuel Hydrogen Trucks Snags Its First
Business News
10.2K subscribers
Posted Apr 18, 2024
Verne, a San Francisco startup that’s developing a cheaper, lighter tank and fueling system to help hydrogen semis match the driving range and hauling ability of dirty diesel big rigs, notched its first substantial funding from private investors to commercialize the technology. If it works as tested, heavy-duty hydrogen vehicles could become an attractive option for emission-free trucking. CEO Ted McKlveen, an alumnus of the Forbes 30 under 30 list, said the new round, the first the company has disclosed, boosts cumulative investment in it to $15.5 million.
He declined to say exactly how much backers including Trucks Venture Capital, Collaborative Fund, Amazon, United Airlines and Newlab put into the round, though Verne had previously raised less than $1 million, mainly in Energy Department grants, according to a PitchBook estimate. The company, named for famed French writer Jules Verne, believes its patented hydrogen tank and lower pressure fueling system – verified in testing with Lawrence Livermore National Laboratory – will allow trucks using it to go as far as diesel models, with no added weight, and fuel up just as fast.
The next step is testing it with “major” truckmakers McKlveen declined to identify.“The goal is to get diesel parity performance – that full 800-plus mile range on your vehicle like you can with diesel and you can carry a full payload like you can with diesel,” he told Forbes. “What unlocks that is a higher density form of storage. So instead of having six high-pressure tanks, you can just have two of our tanks mounted on the frame of the truck between the wheels, right where the diesel tanks go today.”
Its news comes as truckmakers including Volvo, Daimler, Hyundai, Freightliner and Nikola begin rolling out battery- and hydrogen-powered heavy-duty models to help reduce exhaust emissions and greenhouse gasses. Last month, the Environmental Protection Agency unveiled new rules requiring cleaner heavy commercial trucks and buses starting in 2027 as part of broad U. S. efforts to curb carbon emissions. But electric trucks are costlier than diesel models and have some limitations relative to conventional ones. Battery-powered trucks, for example, have extremely heavy, large battery packs that make them thousands of pounds heavier and prevent them from hauling loads of up to 60,000 pounds over distances greater than 300 miles. Recharging them also takes much longer than refueling a diesel truck and requires fleet operators to invest in expensive charging stations and find enough power to operate them.
Hydrogen vehicles aren’t as heavy – typically only about 1,000 pounds more than a diesel truck – and can be fueled in about the same amount of time, though the cost of hydrogen is at least double that of diesel fuel. They can also go farther than battery trucks – Nikola touts a range of up to 500 miles with the hydrogen semi it’s selling in California – but not as far as long-haul diesel models.
Don't think they will, but what... and I know it's a very small chance... but what if they decide to cancel the RS?
They back it up with good news, orders, contracts etc... They solve the problems with Trevor R. Milton... then the SP will rise 💤... can someone wake me up... I'm dreaming LOL
All kidding aside... I just hope NKLA 'doesn't screw the SHers' too much, no matter what they decide. IMHO
==========
After that filing, we will have further communications and answer questions regarding the proposed reverse stock split. In the meantime, your feedback and questions are encouraged. Please submit to proxy@nikolamotor.com.
==========
GLTA $NKLA
It was sneaky
It was hidden IMO -- in plain sight - but hidden
kept reading for H
then saw the NKLA truck and remembered the BEV
cool - as it seems the company setting up charging stations - uses the NKLA BEV? (it so appears branded)
Big buying in the April 26 $1.00 call today!
From Nikola's X feed about the RS:
Nikola Corporation recently filed a Preliminary Proxy Statement, which contains a variety of proposals, including a proposal regarding a reverse stock split. We expect to file a Definitive Proxy Statement within the next few weeks. After that filing, we will have further communications and answer questions regarding the proposed reverse stock split. In the meantime, your feedback and questions are encouraged. Please submit to proxy@nikolamotor.com.
100% on not a good time to buy.
1 - 10 RS would leave 160,000,000; I can live with that.
1 -30 RS would leave 53,333,333, which in my opinion would be a callous indifference to the retail investor. That would be a bail out moment in my book. The shares I own would be reduced to a laughable amount and be devalued for longer that I would care to hold.
Most RS scenarios that I have been exposed to were not profitable and triggered a downward spiral that was to strong to recover from. IF this was an OTC stock with 1B+ shares, I would have kept walking with no temptation to buy. NKLA, being on NASDQ, and having so much institutional support, coupled with the rise of the alternative fuels/green energy sector, gave me some comfort to invest. I do hate the way NKLA brass rolled out this sneaky arse romp.
I meant cannot dilute anymore without the RS because of the current price and wanting to stay on the Nasdaq...not that they can't because of authorization. They need much more money than the current structure allows for...
HYLA | Network Effect
Nikola Motor Company
43.7K subscribers
Posted Apr 11, 2024
Our commitment to transforming transportation extends beyond delivering trucks. Through our HYLA hydrogen modular fuelers, we're expanding networks, connecting communities, and enhancing customer experiences to simplify the transition to zero-emissions. Join us on the journey to a sustainable future: https://nikolamotor.com/
Nikola Motors Assembly Plant April 12th, 2024
Steve Dutcher
Posted Apr 12, 2024
I am a share holder of Nikola Motors, that certainly doesn't mean that I am recommending the stock. The stock closed this week of the 12th at $.70/share. The Market value is 996.6 million!
I really hope they get the battery pack situation worked out and they get back on line to sell and lease their semi's trucks, before other companies ramp up their electric trucks. They really should check out QuantumScape, or a company like them, and be the first semi with solid state batteries (faster charging and much longer battery pack life)!
WattEV Electric Truck Charging Stations Ribbon Cutting San Bernardino CA
ZERO RIG
Posted Apr 15, 2024
WattEV hosted a ribbon cutting on Monday, April 15th, opening their newest Electric Truck Charging Station in the City of San Bernardino.
WattEV’s latest charging depot is grid connected and features (12) dual-cord 360kW chargers with the capability of upgrading to MCS (megawatt rapid charging) upon availability of MCS-capable trucks. The current setup is capable of charging 24 electric trucks simultaneously.
Branded simply as “WattEV,” the depot is located right off the busy Interstate 215 in San Bernardino and will serve heavy-duty electric trucks with routes connecting to the Port of Long Beach, Port of Los Angeles and inland destinations throughout Southern California and the west.
The San Bernardino project is the second of several WattEV electric truck charging depots in the works throughout California. The first, located near Terminal A at the Port of Long Beach, opened in 2023. WattEV is at the nation’s forefront in building freight corridors for medium- and heavy-duty (MHD) electric truck charging.
In addition to the Long Beach and San Bernardino truck charging plazas, WattEV is preparing to open a solar-powered electric truck charging stations in Bakersfield in May, and is in the permitting and development phases for a grid-connected charging depot in California’s City of Blythe on Interstate 10, plus solar-powered charging depots on Interstate 5 in Sacramento, Gustine and Taft.
As well, WattEV is developing truck charging depots along Interstate 5 in Salem, Ore., and near the Seattle-Tacoma ports complex in Washington state, with numerous other sites in planning stages, such as Stockton, the Port of Oakland, Vernon, Gardena, Fontana, Perris, Otay Mesa.
To accelerate the nation’s transition to zero-emission truck transport for shippers and fleet operators, WattEV offers its own transport service for shippers with an innovative electric Truck-as-a-Service (TaaS) model that provides fleets or individuals with access to Class 8 battery-electric trucks, reliable maintenance support, insurance and access to charging across WattEV’s entire network, all at a total cost of operation on par with diesel trucks.
not time to buy
IMO - not time to sell either
Heavy dilution apparently is in the future for NKLA. Really not happy with how this was rolled out. I'll be observing, and wondering how low this goes.
I understand what you are suggesting
Which then suggests either they really want say a 5 or 10 dollar stock NOW or want to sneak in the growth in number of shares they can issue - as they see the need for cash
on the other hand - most of those SR EXECS own millions and millions of shares -- as do all types of workers --- and a RS (at least say for a year after it happens?) ---- will knock off 30% of the value of what they own (made up % - and indeed if they invest and produce with the "needed" cash - this winds up in multiple years as good)
why is anyone buying now ? and how low can the PPS go ?
FWIW, here's my take on this situation. We were over $1.00 per share with momentum and any additional positive news would have pushed us up to the $1.50 level. Upper management did not want this stock go higher because it would be hard to justify a RS. Consequently they came out with the RS announcement helping to drive the stock down. Unless they announce that they sold 100 trucks on the the May conference call in May, I believe this is dead money for a while.
?
is it not 1.6B right now?
Agree it is early and ugly
I do wonder if the LAWYERS said it was a must ---- e.g. if it was discussed as part of a written senior staff meeting agenda
I can see Lawyers forcing this
but it is ugly in its design
They will need more than 1:5 RS with the way the shorts have attacked this...going to need a higher ratio.
Going to get a whole lot uglier before it gets better if it ever does. At this point someone acquiring Nikola would be the best outcome.
jmho
Common Stock Outstanding as of March 15, 2024, Fully Diluted 1,458,777,510
Summary of the 2020 Plan
Shares Subject to Plan:
Upon approval of the Plan Amendment (as subject to stockholder approval of Proposal 2(a)), the total number of shares available for issuance under the 2020 Plan will be 151,742,799 shares, which includes 21,742,799 shares currently available for issuance thereunder.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1731289/000153949724000820/n4154_x2-prer14a.htm
lost a post
1. I hate the timing. But most of us thought Girsky was good until Friday. The smell - stench - of this PR to me is LEGAL. I would bet the lawyers made NKLA announce as soon as this was discussed at any C Suite type meeting --- it had to go public . It sucks but it may ? have been necessary
2. The new share cap of 1B --- that makes me furious --- ESPECIALLY as they do not announce a suggested RS ratio ---- but they have their new higher authorized share count
I would remove the Chairman just for having suggested a RS,.... 5 months before Annual Conference! Great way to keep it under $1.
If we need to do it later then announce the vote just before and do it otherwise keep quiet.
It feels like some sort if manipulation.
I would be tempted to join a class action suit just based on what the chairman announced!
WE
what does this mean - to you
At the joint venture Bosch Hydrogen Powertrain Systems (Chongqing) Co., Ltd., Scholz learned about the hydrogen powertrain products and fuel cell powertrain solutions, and experienced the assembly of hydrogen fuel cell power modules.
Seriously - they have a joint venture --- COOL --- and it takes a visit to see what THEIR joint venture is producing?
i.e. I love that Bosch is expanding and getting tech and maybe lower cost production ---- but for the love of me - I do not see how a visit to an existing JT VT means anything new??
Help?
I would wager - as I am not a securities lawyer - that if they do a 5:1 RS - then their authorized count -- if nothing changes is 320,000,000 - MAX of the new shares
They specifically ASK us to vote yes on 1B shares
Going up from 320MM to 1B is authorizing massive dilution
It was specifically asked --- 1B NEW SHARES
stay
1. Yes - RS does NOT .... but history of other stocks says - its 5:! odds that the higher price attracts short sellers and boom the higher price is cut by 20-25% before you have time to type a message. RS suck for current holders - but if they need it - they need it. (MY hope is that as fiduciary they are setting things in place SHOULD they need it AND WANT IT)
2. They are setting new total authorized shares at 1B - down from 1.6B. But that is new shares. So in old shares they are asking for permission to issue up to say 5B shares if its a 1:5 RS --- that is crazy and scary and they will then have > 2X the shares available to dilute
So the RS does not dilute - but history of stocks that do that is - figure 20-25% loss within a week - on the new price (THAT would not happen IMO and with history - if they waited and WE got > $!) . Damage acceptable
So the ask for 1B new shares authorized -- wow that sucks. Now - if for example - they issue 300MM more shares and every penny is used to build out a new factory --- that could be good. But if they need say 400M to EXTEND Their NOW expected negative cash flow runway coverage - that sucks
I would prefer 1-for-5, which would leave the AS at approximately 360,000,000, which seems reasonable. Even if after they add 130,000,000 we still have 490,000,000 which is tolerable, as long as there is not continued dilution after adding the other 130M shares.
but the" as long as there is not continued dilution after adding the 130m" ----- see how they set MAX # of shares at 1B
what do you think about future dilution ---- IMO it is a given
the question - 200M (about what I expected with the 1.6 limit ---- or now 500Million which is really 2.5 old
Repost from PLUG board, courtesy of B_B!
German chancellor hails Germany-China hydrogen technology cooperation
2024-04-15
CHONGQING, April 14 (Xinhua) -- Federal Chancellor of Germany Olaf Scholz said on Sunday he is impressed by the cooperation between German and Chinese enterprises in the field of hydrogen technology, and Germany is willing to continue to deepen friendly exchanges with China and push bilateral cooperation to a new level.
Scholz on Sunday visited a Sino-German joint venture and a Sino-German cooperative scientific research project on water monitoring, among others, after his arrival earlier the day in Chongqing Municipality to kick off his three-day official visit to China.
At the joint venture Bosch Hydrogen Powertrain Systems (Chongqing) Co., Ltd., Scholz learned about the hydrogen powertrain products and fuel cell powertrain solutions, and experienced the assembly of hydrogen fuel cell power modules.
Scholz said the company's technology progress and the factory construction speed were gratifying.
Scholz is being accompanied by senior representatives of a number of renowned German companies, including Siemens, Bayer, Mercedes-Benz, BMW, and Zeiss.
More than 5,000 German companies are operating in China -- which has been Germany's largest trading partner for many years.
https://english.news.cn/20240415/6ca8f1d1676a41caa9a2f5bbc1cdc52b/c.html
They cannot dilute anymore unless they do a major RS. This allows the stock to be diluted heavily after and still allowing them to stay on the Nasdaq thought the dilution.
but if the RS goes through without the REDUCTION in A/S count they could issue 1.44BN shares.
RS does not affect the Authorized count unless specifically stated - which is what NKLA are doing.
Given they arent being forced to R/S from a share availability point of view they just want their SP to be over $5
IMHO they wont do a RS as the next quarter results and forecasts should be sufficient to get the SP back to around $3 and hen over $5 after Q2 results
But they have to go to the annual meeting to ask just incase they do. it is extremely expensive to do it at another time of year.
R/S's do not affect the A/S. It only splits the O/S so the company is not asking for authorization to add anything to the A/S but are actually reducing the Authorized Shares on their own from 1.6 Billion to 1.0 Billion. This is a separate step that they are choosing to do.
Please forgive me if I'm misinterpreting your post.
https://www.sec.gov/Archives/edgar/data/1020475/000101706203000180/dpre14c.htm#:~:text=The%20number%20of%20outstanding%20shares%20of%20Common%20Stock%20will%20be,will%20not%20be%20so%20decreased.
Summary
the RS sets us up for damage - but does not in and of itself dilute us ----- just our higher price will be attacked
the 1B share request - at 10:1 sets us up for dilution over and over and over and over - that is the part that is insane
the RS can wait
the new request for a crazy number of new shares should be rejected
This is from a single holder who voted yes on the last double of shares they could sell - knowing they needed that 1/2 Billion dollars to get production up to say 200-300 a year -- AT current factory
Please read what NKLA wrote
Post the reverse split - they want the capacity to issue 1B shares
Assume a 10:1 RS and its damage - which I guess repairs in a year
But - at 10 to 1 - there are 160MM shares out there and NKLA is asking for authority - with same vote to then issue 840MM more 10:1 shares
They are asking for authority - hidden in the RS news - for massive dilution
Time to vote no on round one - until they get more specific - give us news on Q2 production results - and reduced the potential for dilution from this insane level they are asking for
Ok I get that... but still would rather see them grow more naturally and or with a much more favorable RS (and AS/OS) for the existing shareholders.
They already got the attention and investments of some of the greatest investments 'firms etc' in the world. I get that NKLA probably needs to do something and I understand your post, but still... That doesn't mean I like it or that I'm in favor of what they're likely going to do (if they RS). IMHO
$NKLA
Agree GoldRu$$H. I understand the reasoning behind the proposal to RS, but we where are just trading at $1. And it looked more positive for NKLA and still is IMHO, but this is a slap in the face to existing shareholders and I hope the RS will be cancelled, but if that's not possible, in connection with meeting the requirements of NASDAQ, than I hope the RS won't be more than 1-10. (With a more reasonable AS/OS).
(I like your idea of 1-5, but that's not an option they're considering according to RS news.) A few days/weeks ago, I thought we could stay above $1 for a while (and or 'never' to return below $1) to avoid issues with listing on NASDAQ.
$NKLA
My comments are based on the understanding that the NKLA AS is 1,600,000,000.
I get the reasoning behind the proposal to R/S, got to stay on NASDQ.
I am not sure if how the R/S will be presented in the proxy vote, I would prefer 1-for-5, which would leave the AS at approximately 360,000,000, which seems reasonable. Even if after they add 130,000,000 we still have 490,000,000 which is tolerable, as long as there is not continued dilution after adding the other 130M shares.
To me 1-for-30 would be egregious and I would be pissed to loose so much value in my share count. I'd be more pissed if more shares are printed after adding 130M.
Nikola seeks to reverse split its shares in a ratio between 1-for-10 and 1-for-30. Does anyone think we are giving options for the R/S? 1-for-30 would give me much pause for continued faith in investing in NKLA.
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Nikola and VectoIQ Acquisition Corp. Announce Closing of Business Combination
Published June 03, 2020
https://nikolamotor.com/press_releases/nikola-and-vectoiq-acquisition-corp-announce-closing-of-business-combination-77
Steve Girsky
Girsky was GM Vice Chairman from March 2010 through January 2014. During that time he was responsible for several functional areas, including:
Global corporate strategy,
New business development,
Global product planning and program management,
Global connected customer/OnStar, and
GM Ventures LLC and global research & development.
Girsky also served as Chairman of the Adam Opel AG Supervisory Board and as interim President of GM Europe during this time frame, a critical period in
which the company established its current 'Drive Opel 2022' strategy. Girsky also held responsibility for GM's Global Purchasing and Supply Chain function
from 2011 to 2013, and served as Senior Advisor to General Motors from January 2014 to July 2014.
https://investor.gm.com/news-releases/news-release-details/gm-announces-stephen-girsky-retire-board-directors
https://www.freightwaves.com/news/shell-stuffing-how-nikola-became-vectoiqs-public-preference
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165678224
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165764942
Nikola and TC Energy Sign Joint Development Agreement
for Co-Development of Large-Scale Clean Hydrogen Hubs
October 7, 2021
Nikola and TC Energy sign joint development agreement for co-development of large-scale clean hydrogen hubs. Nikola Corporation (Nasdaq: NKLA), (Nikola),
a global leader in zero-emissions transportation and energy infrastructure solutions, and TC Energy Corporation (TSX,NYSE: TRP), (TC Energy), a leading
North American energy infrastructure company, have agreed to collaborate on co-developing, constructing, operating and owning large-scale hydrogen
production facilities (hubs) in the United States and Canada.
https://hydrogen-central.com/nikola-tc-energy-agreement-hydrogen-hubs/
#NationalHydrogenDay celebrations continue with a sneak peek of all things happeningat our Coolidge
manufacturing facility, including our Nikola Tre #FCEV, for our next episode of the #DrivingChange series!
1:57 PM · Oct 8, 2021
https://twitter.com/i/status/1446565427493044225
Hydrogen Heavy Duty Vehicle Industry Group Partners to Standardize Hydrogen Refueling,
Bringing Hydrogen Closer to Wide Scale Adoption
Published October 08, 2021
https://nikolamotor.com/press_releases/hydrogen-heavy-duty-vehicle-industry-group-partners-
to-standardize-hydrogen-refueling-bringing-hydrogen-closer-to-wide-scale-adoption-137
Gettin' it done. Season 2 of #DrivingChange starts with the continued journey
of the #NikolaTre FCEV alpha builds in Coolidge, Arizona.
November 3, 2021
https://www.facebook.com/nikolamotorcompany/videos/driving-change-season-2-episode-1-
get-it-done/1259891077770836/?__so__=permalink&__rv__=related_videos
https://www.youtube.com/watch?v=RokrKePeRrk
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