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None of us are accurate every time. Time will tell on NKLA. I think hydrogen FCEVs are an idea whose time will come. Until then, there are too many other stocks to TRADE. The key word is TRADE. Watch for Google’s Earnings Call and Amazon’s Earnings Call next month. They both look really good right now. My strategy is to have 500 shares of Google when they make their announcement, sell within seconds, immediately buy-in to Amazon and do the same thing. If either stock goes down instead of up I just hang on until it goes back up. If they both go up during their Earnings Call I sell and wait for the dip.
I did make a little over $12k TRADING 30,000 shares of NKLA on the penny right before NKLA announced there might be a reverse split. The stock would sink to $0.99 when I would put in my buy, it fills below $0.99, I immediately put in a sell for $1.00 and it fills (around $300.00 per trade). When it went down to $0.97 I bailed and I am still out.
Forget invest. TRADE. You will be happier.
Rule #1: Don’t get greedy, don’t get cocky.
Rule #2: A bird in hand, etc. (in other words - when a stock goes up sell it and wait for the dip to get back in).
WTM - NOT The BOTTOM !
This is now a bloody whale carcass and the short sharks will stay here until there is nothing left.
Playing NKLA from the SHORT SIDE with options will be like having a private ATM Machine.
DW, great call. What's next? Is this the bottom?
Reverse split? No, no not that! Hoo wudda thunk it?
********
Post #11156
6/6/24
David West
Fortunately, no signs of dilution, no signs of a reverse split, and no signs of the company following usual courses of action are in sight.
Post #9331
11/2/23
David West
The near-future risk for this stock is dilution, which will be caused by selling more of the stock that was authorized at the Qtr 2 Earnings Call. If the dilution causes the PPS to fall below $1 for an extended period, the risk of delisting from Nasdaq will follow. To keep the PPS above $1, the usual pattern is a reverse split.
Post #9332
11/2/23
WeTheMarket
DW, you are assuming too much in my opinion.
Also per the following link "If a company closes below a $1/share bid price for 30 consecutive days, the Nasdaq sends the company a written notice. The notice states that the company is no longer in compliance with its continued listing requirements and has 180 days to regain compliance. Otherwise, the company will face delisting."
Source https://thebowserreport.com/blog/the-nasdaqs-minimum-bid-price-requirement/
Not mentioned above, is that after 180 days, the company can ask for another 180 days extension, that is usually granted. So, practically, the company have over a year before worrying about being delisted if the share price falls below $1 and does not recover above it.
https://eletric-vehicles.com/nikola/nikola-shareholders-approve-reverse-stock-split-and-all-other-proposals/
THE RS WAS APPROVED AND OF COURSE THEY TOOK THE HIGH SIDE = 30 TO 1 EFFECTIVE THE 24TH
this is NOT RS hit --- the world knew of that for months
this is spillover - rational or not - from FISKER
lets see how we close
Market seems to think you are right about 7 -- as we catch the spill over FEAR
So now we know when and how much the split will be 1-30 June 24th. Hold onto your shares a wild ride is coming
https://ih.advfn.com/p.php?pid=nmona&article=94077156
At the 2024 annual meeting of stockholders of Nikola Corporation (the “Company”) held on June 5, 2024, the Company’s stockholders approved a reverse stock split with a ratio of not less than 1-for-10 and not greater than 1-for-30, with the exact ratio of the reverse stock split, if any, to be determined by the Board of Directors of the Company (the “Board”). On June 13, 2024, the Board approved a 1-for-30 reverse stock split (the “Reverse Stock Split”) of the Company’s issued shares of common stock, $0.0001 par value per share (the “Common Stock”).
The Reverse Stock Split will be effective as of June 24, 2024 at 4:01 p.m, Eastern Time (the “Effective Time”). Beginning on June 25, 2024, the Common Stock will trade on The Nasdaq Stock Market (“Nasdaq”) on a split-adjusted basis under the existing symbol NKLA, with the new CUSIP number 654110303.
Following the Effective Time, every thirty issued shares of Common Stock will be automatically reclassified into one issued share of Common Stock. No fractional shares will be issued as a result of the Reverse Stock Split. Stockholders who would otherwise be entitled to a fractional share of Common Stock are instead entitled to (and with respect to holders that have certificated shares, upon surrender to the exchange agent of certificates representing such shares) a cash payment in lieu thereof at a price equal to the stockholder’s proportionate interest in the proceeds, net of certain costs associated with such sale, from the aggregation and sale in one or more transactions of the fractional shares by the Company’s exchange agent.
Proportionate adjustments will be made to the number of shares of Common Stock underlying the Company’s outstanding equity awards, warrants, the number of shares issuable under its equity incentive plans, and other existing agreements, as well as the exercise or conversion price, as applicable, and to the conversion rate of the Company’s outstanding convertible notes. The Reverse Stock Split will not affect the par value of the Common Stock. Contemporaneously with the Reverse Stock Split, the number of authorized shares of Common Stock will be reduced from 1,600,000,000 to 1,000,000,000.
The Reverse Stock Split will affect all stockholders uniformly and would not change any stockholder’s percentage ownership interest in the Company (other than as a result of the treatment of fractional shares). Continental Stock Transfer & Trust Company is acting as the exchange agent for the Reverse Stock Split. Stockholders holding shares of Common Stock registered directly in their name in book entry form or beneficially via a broker, bank, trust or other nominee are not required to take any action to receive post-split shares and will have their positions automatically adjusted to reflect the Reverse Stock Split. Stockholders holding shares of Common Stock in certificated form will receive a letter of transmittal from Continental Stock Transfer & Trust Company with instructions on how to receive post-split shares after the Effective Time, if applicable.
Does anyone know if there was an announcement this morning that has impacted the pre-market SP so much. Seeing it down 12%
LOL! It was a little sarcasm since they announced chapter 11 and not 7 where they will eventually be.
WTM - FAKE NEWS !
This is a 2 year old April Fools Joke which resurfaces periodically .
WTM - I am impressed with your stock picks ! PLUG, HYZN, NKLA all are at or close to ALL TIME LOWS.
Well done.
A bump - CH 11 ?
PPS - about 5 dollars a share a year ago and as of about Jan 2024 was a dollar
and now 2 cents
FISKER IN 11
Was that expected
(not us ---- not H - but a tech car start up)
thank you but half the nation wants to drill baby drill and now worry about climate heating up (and storms and floods)
Biden Links Green Power to Good Pay With Clean Energy Wage Rules
Published Jun 18, 2024
https://www.newsweek.com/biden-links-green-power-good-pay-clean-energy-wage-rules-1913962
Treasury finalizes wage, apprenticeship rules for clean energy jobs
By Michael Cohn
June 18, 2024
https://www.accountingtoday.com/news/treasury-irs-finalize-prevailing-wage-registered-apprenticeship-rules-for-clean-energy-jobs
The Treasury Department and the Internal Revenue Service released prevailing wage and registered apprenticeship requirements for clean energy projects and jobs to qualify for tax credits under the Inflation Reduction Act.
shift ? to H from Electric Battery
no way
now would TESLA dip its toes in H --- why not
so the event and activity may be correct - but not saying he will shift
Is this true or fake news?
Tesla Unveils Plan For First Hydrogen-Powered Vehicle, Model H By 2026
By Vedant Jouhari, Published: Monday, June 17, 2024
https://www.drivespark.com/four-wheelers/2024/tesla-to-introduce-hydrogen-fuel-cells-by-2026-011-050291.html
Hopefully rules for hydrogen next, soon and improved over preliminary ones.
Treasury Department Defines Rules for the Clean Electricity Production and Investment Tax Credits
BY IER
JUNE 5, 2024
https://www.instituteforenergyresearch.org/regulation/treasury-department-defines-rules-for-the-clean-electricity-production-and-investment-tax-credits/
guess we arent going to know the May production numbers. They seemed too focussed on the annual meeting.
Nikola Stats Show H2-Powered Trucking Is For Real.
Visceral Ace
9.37K subscribers
Posted Jun 15, 2024
Far away - but interesting
VOLVO - TRUCK with H combustion engine - 2030 = maybe if it works
https://www.msn.com/en-us/autos/news/the-future-of-heavy-transport-volvo-s-hydrogen-trucks-aim-for-net-zero-co2/ar-BB1o6Y1D?ocid=msedgntp&pc=LCTS&cvid=8ab22fde0a3e46609865fd4b64b6d28b&ei=37
What about hydrogen?
More than $1 billion in EV tax credits issued upfront to buyers, Treasury and IRS say
PUBLISHED WED, JUN 12 2024
https://www.cnbc.com/2024/06/12/1-billion-in-ev-tax-credits-issued-upfront-to-buyers-say-treasury-irs.html
Perfect question
My Assumption - with no link - was that Volvo is in no position to support the needed volume for Proterra to be break even. Now Volvo does not have to go for break even. But seems to me - for now ? - it would make sense for VOLVO to have Proterra making batteries for NKLA ----(if nothing else then testing them with a notable volume)
But I have not read anything specific and agree it would be good to know
Proterra used to make the batteries used by Nikola in their hydrogen FCEV truck, now also used in the BEV trucks. Per the following article Proterra was acquired by Volvo earlier this year. Does anyone have any additional information on this topic? Are they the sole suppliers of batteries to Nikola?. https://www.volvogroup.com/en/news-and-media/news/2024/feb/volvo-completes-acquisition-of-battery-business-from-proterra-inc--and-proterra-operating-company.html
thanks
Seems seriously competitive - maybe not superior
I do wonder when - in a calendar time - NKLA will have upgraded its "inventory" and start selling for some serious cash inflows -- as that inventory is "paid for"
I hadn't seen it here yet, so sorry if this has already been posted.
11 jun 2024 - At ACT Expo 2024, Nikola Motor Company showcased their BEV 2.0. This is an improved version of their original BEV. In this video, we speak with Steve Girsky, Nikola's new CEO, about the improvements made to this truck and what future Nikola trucks could look like. We also talk with Ryan May, Head of Software & Controls, about the software in the BEV 2.0.
DNU, initially the hydrogen hubs on the Western part of the US are more beneficial as that's where Nikola is concentrating initial sale efforts, but for the long term, all 7 hydrogen hubs are beneficial to Nikola.
Which if any are most supportive of NKLA ?
Reposting from PLUG board, courtesy of B_B!
UD DOE close to finalising cooperative agreements with seven hydrogen hubs
By Charlie Currie on Jun 11, 2024
The US Department of Energy (DOE) is close to signing cooperative agreements with the seven regional clean hydrogen hubs previously selected for a combined $7bn of funding.
Speaking at the Hydrogen Americas Summit in Washington, DC, Kelly Cummins, Acting Director, Office of Clean Energy Demonstrations at the US DOE, told the event that the hubs would not only link hydrogen producers and end-users, but also finance, workforce and supply chains.
.....
https://www.h2-view.com/story/ud-doe-close-to-finalising-cooperative-agreements-with-seven-hydrogen-hubs/2111057.article/
not make sense?
the data (which I do not think I can move from your picture) as you reported just now
a reduction in BEV but no redemptions - makes sense as buyers of NKLA trucks moving from BEV to FCEV - or bluntly staying Battery but going elsewhere
before the RS - as high as possible ?
not sure ----- indeed not sure it super matters - be it 40 50 or 60 cents
I do know - right or wrong - that I prefer management do the deed fast - and then that day or each day for a week after - release good news
the damage from a R/S is a reduction in PPS of the NEW higher price. It will happen just like gravity. But it can be mitigated by good news at THAT time
Good news now changes the pre RS price - say 65 cents but then is not there ready to support to the new PPS (I think the math is math and no PPS now matters other than in count of new shares we own but not the % we own??????)
I think I posted something close to this before
If the goal is >300 - we should be shipping a MIN of 25 a month and soon 35 a month when supply constraints lift off
And indeed - while we MUST build to order (can not afford to spend without payment very soon) with a focus on LARGER sales - NKLA needs to be "up to speed" (maybe with parts but not the labor cost - for the next 25?)
??
did we drop without sales?
CM, the new data shows a continuation of recent trend, an increase in Unredeemed vouchers for the hydrogen FCEV truck (16 added in May), and a reduction in vouchers for the BEV truck. What puzzles me is that when I filter for Redeemed vouchers for 2024, it shows no Redeemed vouchers through the end of May 2024, which doesn't make sense. The constant increase in Unredeemed vouchers for the hydrogen FCEV truck is actually good news, although, I'd like to see more significant increases.
It's almost like the officers of the company don't want to announce anything to try and move the price up, yet they they have the ok for the RS,.... One would think they would want the price as high as possible BEFORE doing the actual RS!
I am puzzled why we haven't seen monthly production figures like other manufacturers provide. We did get numbers for April so was expecting to continue monthly for the future. IMHO you cant claim to be in production if you don't provide those numbers. Should be doing 20-25 FCEV a month by now and of course shipping the upgraded BEV 2.0 from the recalled stock.
WTM, I'm not sure if I'm reading this correctly. If I am reading it correctly I don't think it's good new, correct?
Latest California HVIP Unredeemed vouchers as of end of May 2024 (top), end of April 2024 (Bottom)..
https://californiahvip.org/impact/#deployed-vehicle-mapping-tool
============================================================================
Freght truck or freight wave -- has a solid uplifting article on NKLA
Repost from PLUG board.
Link to Plug Power 2024 Annual Shareholder Meeting Presentation on June 05, 2024 10:00 AM ET. https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/5964b8a4-1176-40c6-888e-4e9f917e11e3.pdf
My bet -- but I bet my bet is a good one
This lawsuit has mostly lies - not enough to win - and some truth here and there
BUT
For better or worse - my bet is that after fighting for a while - say 6 months --- over night one night a deal will be reached and we will read about it say early 2025.
NKLA and Trevor agree to a settlement - This lawsuit is dropped with a promise to never file for a penny again IN RETURN NKLA agrees to not pursue the 150MM Trevor owes them (which IMO was not going to see the light of day for years if ever)
That is what the suit smells like to me
Eagerly awaiting the end of May update to the California HVIP voucher data. Link https://californiahvip.org/impact/#deployed-vehicle-mapping-tool
WTM, that is exactly what I'm referring too.
Any merit to Trevor M's lawsuit?
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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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