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Canoo Withdraws 2024 Revenue Guidance
https://www.marketwatch.com/story/canoo-withdraws-2024-revenue-guidance-61ab714a?mod=markets
Sorry that was from five months ago. this is from yesterday:
I haven't seen anything (in a quick look).
I've been logged out of iHub since March. I got tired of avoiding accepting cookies for this site. May have to delete cookies and log out. Might laptop fan is going into overdrive. Cookies reporting back.
Emerging Growth Conference
Futuristic Canoo EVs steal CV show
https://businessvans.co.uk/van-news/futuristic-canoo-evs-steal-cv-show/
American EV company Canoo seen testing pickup in Oklahoma: 'Performs like a battleship'
https://www.msn.com/en-us/news/technology/american-ev-company-canoo-seen-testing-pickup-in-oklahoma-performs-like-a-battleship/ar-BB1kGssx?ocid=msedgdhp&pc=U531&cvid=22a55d62f1de4a34ba7ac63c304d8685&ei=370
50% is usually where the dropping stops pre-reverse split. If it drops down to 5 cents, I think it would be a buying opportunity. I foresee it going up once the company announces they are manufacturing at scale, to fill orders.
People are selling off in anticipation of a reverse split. The special meeting is on the 29th.
It's from general research from owning stock in different entertainment companies. There are trade shows to shop TV/streaming projects to different services (broadcasters, streaming services, and or DVD printers) and other trade shows for merchandise licensing IP (intellectual property). The large studios are always there. Licensing mostly occurs (a year or two, sometimes more) before the public sees it.
Movie studios and animation studios have done it for a long time. More recently (last couple of decades) comic book and video game companies have engaged in IP merchandise licensing. It virtually free money, if you can get it.
There is some Earthworm Jim merchandise for sale on Amazon, but I haven't seen any recent updates on the animated series. I still don't know where the series will appear.
Got my proxies, yesterday. Vote (Against everything) today.
I may go back and change my mind about the performance stock grants. The criteria doesn't seem unreasonable. I oppose management stock grants, just for doing their jobs without performance goals. It tends to preserve management percent ownership in the company during massive dilution.
I'm (now) generally opposed to reverse splits. Stock sales should not be treated as a nearly endless cash resource. Companies need to be more conscious of cash use when funding projects
And, I'm opposed to Adjourning meetings. Companies need to engage their retail shareholders more (instead of ignoring them), getting them to want to vote on issues. Too often companies ignore retail shareholder (who often are the largest ownership class for penny stocks) and expect them to vote on needed issues at the drop of a hat. Most retail shareholders are apathetic when it comes to voting their shares (I used to be that way). I vote my shares now, and un-apologetically criticize company management when I think they do a bad job.
If you click on the "share link" (upper left hand quarter) of the video, it will take you to YouTube. The video is from two years ago.
It's probably just a couple of test vehicles, in case any design changes are necessary before production begins.
The article does mention additional deliveries to be scheduled through 2024.
Canoo's Warning-Sign Move That Might Lead to a Big Payday for Investors
[bquote]Giving a CEO a double-digit share of the company's stock is egregious. But if it happens, it means things worked out well for shareholders, too.[/bquote]
https://www.fool.com/investing/2024/01/14/canoos-warning-sign-move-that-might-lead-to-a-big/
I haven't seen anything since "Kingpin Reloaded" came out. I have no access to their X (Twitter) page (it wants me to log in, I don't have an account). Their Facebook page is updated sporadically.
I would think that the "Earthworm Jim" animated series would be the next news to look for.
MIPTV is in April 2024 and the Las Vegas Licensing Expo is in May 2024.
MIPTV is where they would shop the show out to broadcasters/streaming services.
The Licensing Expo is for merchandise (toys, clothes, and other stuff) licensing based on the animated series
Canoo’s stock sinks toward a record low, even as Wedbush sees 1,800% rally potential
SEC DEFA 14A filed. Annual meeting and vote adjourned until December 29.
https://www.sec.gov/Archives/edgar/data/1750153/000110465923127337/tm2333262d1_defa14a.htm
Nasdaq Grants Nxu’s Request for Continued Listing
Nxu to demonstrate compliance by April 7, 2024
https://www.globenewswire.com/news-release/2023/12/18/2798124/0/en/Nasdaq-Grants-Nxu-s-Request-for-Continued-Listing.html
Extremely high volume today.
I'll wait until after the reverse split to decide if I want to buy in. Valuation and revenue are big problems with this company.
Trailer for Amazon Prime's "Fallout" live-action series. I know IPLY doesn't own the "Fallout" IP. But, I think IPLY still have IP capable of making good live-action series/movies.
It probably didn't take that long. The companies involved (except IPLY) were working on other games. It should be interesting to see what the reviews are.
This trailer shows some of the enhancements. I don't see a big change though.
It might still present a gambling opportunity should the company valuation falls enough.
SEC filing of Form PRE 14C. NXU seeks a reverse split between, 1 for 50 and 1 for 500.
https://www.sec.gov/Archives/edgar/data/1722969/000121465923015309/z1115230pre14c.htm
10Q filed.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1722969/000121465923014792/r11323010q.htm
$117,000 revenue
$1,014,000 cost of revenue
$12.741 million operating loss
225,430,351 shares outstanding as of November 9, 2023
4,000,000,000 shares authorized.
I'd recommend waiting until we know how many shares were issued to extinguish the $20 million debt.
Thanks.
But, it looks like they have only started planning. Nothing to look at yet. I doubt they will have anything done before the end of the year. They don't seem concerned with getting anything done (edit) fast.
Edit
I haven't seen an address for their proposed site, yet, either. It's Quartzsite, AZ, which isn't very big. It looks like Quartzsite is currently an important EV charging link on highway I-10, between Arizona and California.
I agree. They don't have enough money to develop new games. They can't keep re-releasing old games forever. And, their attempt to be a third party game publisher hasn't panned out. The Earthworm Jim animated series (or maybe movie) will be a chance to lock in value for the company and shareholders. Netflix (not saying they should buy IPLY) has had success with video game IP to animated series on their streaming service. I think IPLY still has viable IP that can be developed.
Maybe they hire someone every now-and-then to update their website.
It looks like they have things in the pipeline, but, it's going to be hard for them to get the message out. Since I don't have a X (Twitter) account, I have no access to their posts. And, it doesn't look like they keep their Facebook page up-to-date. I doubt they can pull the company out of a hole, unless they do a lot better.
They aren't linking to Earthworm Jim shirts available on Amazon, either. It looks to be official Interplay stuff, too.
https://www.amazon.com/s?k=earthworm+jim+t+shirt&crid=2F88GWB5CHX8K&sprefix=Earthworm+Jim%2Caps%2C244&ref=nb_sb_ss_ts-doa-p_4_13
Edit
It looks like they have been available since August 1, 2023. Wonder if the Earthworm Jim Beyond the Groovy" animated thing is coming out soon-ish. There isn't much info on it.
Earthworm Jim Wave 1 - Complete Set of 4
https://premiumdnatoys.com/products/earthworm-jim-wave-1-complete-set-of-4-ships-q2-2023
Premium DNA Booth Walkthrough at New York Toy Fair | Earthworm Jim • Mars Attacks • More!
Kingpin: Reloaded Gets December Launch
https://quarterdisorder.com/2023/10/02/kingpin-reloaded-gets-december-launch/
I'm holding out on buying in, until a penny or less. I might gamble at a higher price right before the Q3 results.but, I think the share price will go lower as management needs to sell more stock at ever lower prices.
I'd love to see the company get a couple of charging stations working on a temporary basis somewhere in Quartzsite, before the end of the year
I disagree. If NXU can get their Quartzsite charging station up and running before Tesla opens their charging stations up to CCS EVs (non-Tesla EVs), it would get the share price moving up. The site doesn't have to be complete, just up and running to charge EVs.It would need at least four charging dispensers, bathrooms (maybe those portable trailer bathrooms), water and food/beverage vending machines. A paved lot would be a bonus.
Tesla already has a 28 dispenser charging station in Quartzsite. Once it's open to CCS vehicles a independent non-Tesla charging station wouldn't have much business.
If you are talking about the podcast, I agree, it was embarrassing. Not sure they know it, but the podcast outlines how inept they are at running the company. I'm not saying I could do better. But, I've run enough projects to know that you come up with a reasonable plan. Whether everything goes according to plan or not, you keep relevant parties informed about what is going on and any changes to the plan as they occur. You just don't blow by milestones and then do hand-waving excuses why thing did not go according to plan.
I thought the video updating the Quartzsite charging station plan was okay. I would have liked to know more details, but it's apparently still early in the process.
Edit
I don't think it matters if the SEC grants an extension or not. NXU is likely to do another stock offering before the end of the year. It will probably push the share price sub penny. A reverse split will be necessary should the shares outstanding become to large.
You're entitled to your opinion. But, you must have known this was a high risk company when you bought in. Larger companies spend billions of dollars on any one of the things NXU was trying to do. Companies this size are more apt to fail than succeed.
Your main evidence of fraud and scam appear to be, you lost money investing in the company.
If you think it should be de-listed no and have evidence that the company is a scam, you should present that evidence to the SEC. The SEC can take action. But, if you are just making wild accusations, you should be careful, the company may decide to sue (libel).
To me, it looks like the company took on too many projects with insufficient funds. They went public with no plan for profitability and commercial products too far away in the future.
The company may have been fine, if they got SPAC funding a year ago, but they missed the boat.
De-listing has been postponed until at least December 14th.
From the SEC filing yesterday (S-3) NXU may sell up to $75 million worth of stock. The dilution and implied dilution is cratering the share price.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001722969/000121465923013553/r1016230s3.htm