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We or ?
Saw this was about half an hour and with apologies took a pass
Is it clear from this or ? - how NKLA makes money on H ?
Seems to me - (and I am not arguing good or bad !!!!!) NKLA does a ton of partnering to get this going more completely and faster so the trucks it builds have the ability to refuel. But at each separate announcement - I can not find the source of profit for NKLA
e.g. Company A sets up or will set up a "station" and NKLA buys H from another Company - say Company B - to help Company A --- but unless NKLA is simply acting as a secondary supplier with a mark up - how is this making money for NKLA?
kill the guarantee by Treasury
kill the asset held by Treasury - LP/SP that does not pay cash
use the WTS
(and ?? free us ?? as you raise say 100B on 4B shares over two years - for total shares outstanding of 5B !!)
No conversion and I can live with it mild dilution
I love it - with my expansion
agree
agree
maybe a buyer was waiting for that drop - the usual one - and gave up and bought a bunch and drove up the price an extra penny or so
?
I thought some one cleared this up with the distinction
Conservator acting as conservator - and in norms - has a ton and then more capacity/authority to do what they want (and all is kosher and 4617 or whatever is a stop sign)
Conservator acting as conservator - but ULTRA VIRES - can be reviewed by a court and 4617 is not a stop sign
I do not think SCOTUS ruled on this specifically - but said GOV followed rules in setting up the NWS and FHFA is within the norm
(although a breach of an equity contract is pursuable)
??
really?
it says not convertible ?
there have been 1,000 posts on if and when and how the GOV will convert the SPS to common
you say the agreement says they are not convertible
help from some one who knows a lot more
KT hits and misses - IMO
I do think the no write off is written in a footnote in one of the reports by FHFA/F/F ?
but - IMO that is 100% a THEN opinion
Page 47 of Fannie Mae's 2024 Q1 10-Q form shows that they have a shortfall of $156B to the Adjusted Total Capital requirement of $106B. 25% of the $82B buffer adds another $21B to give the total shortfall to being able to pay dividends: $177B.
$121B of that could be made up in an instant if Treasury decides to cancel the seniors
and it could happen - the GOV could cancel the LP value of the SP equity
if done - then the shortfall is 177 minus 121 or 56Billion
Worth hoping and waiting for
but is it on the TREASURY balance sheet ? and if yes - how does it show --- as the SP value or ?
the LP is not and never was repayable.
F and F will likely not have the money - but why is the LP (a # defined to rep the SP equity value) not callable ?
I do hope so !!!!!!
yet - the LP sits out there --- ?
I saved this to read slowly
Thank you - solid explanation
I need to redo the math
what is your split ratio ---- that gets a shrunken 12 - 16 (we agree on say 20% shrinkage in PPS post R/S)
help
anyone
what case is that ?
derivative case? (filed as shareholders subsumed by FHFA ??? what makes it derivative)
They now build capital that can be erased - to zero and worse - with a Treasury decision
i.e. they do not
current price about 65 cents
so 20 x 65 cents does not get us 16 even before haircut for being reverse split
I will take 1 share at 16
Versus 20 shares at .65
or is my math wrong?
thank you - I will listen
Income v Revenue v Profit
When all the dust (expenses) settle - F and F have been making profit
That profit - as cash - is kept - it does not go anywhere
BUT an obligation - an IOU - is created - $ for $ - that is given to Treasury (this smoke and mirrors is Mnuchin)
The more our capital base grows - the more we owe the Treasury in LP measuring value of senior preferred paper
That paper - obligation if one prefers - should be declared to be ZERO for the 300B cash sent to Treasury (Gov argues the 110B over "investment is 15 years of dividend and or interest - which is legit but they must kill the SP - and brag about the 100B profit for us to be free)
YES
I wish I had font 100
YES
oh no
GOV has to pay on a TAKING ?
Hey - as I have said - often - if GOV "wants to own F and F " -- well pay me a fair price then
10 ?
so if none have
have you sent emails --- (not saying they will work - just wondering ? and may have asked before)
is time available or stat of limitations
Is there new information in some video NKLA posted ? I assume it is a sales job for RS?
and re cars
seems to be a bunch of companies and articles saying for cars ----- HYBRID will be huge -- and that will take a lot more from the EV side as % of current sales
Love it
Will worry about Chinese competition for Class 8 trucks in 5 years == right now everything that supports H as a REAL and LASTING fuel for cars and trucks is great news
GREAT
agree
every station is a plus for H truck sales
but - in looking at revenue and profit - I now will push out any thing of size on HYLA for years
ok
I agree - i post too fast and sloppy
will add discipline -- at least for a while
thank you
can you relink - if each case is listed
otherwise - bluntly - I will think and believe ALITO made a mistake as I hate him anyway
question in April 2024
if things are as black and white as you note --- APA not followed
why no lawsuit - (maybe due to focus on NWS)
can this still be SUED - civil or criminal or - ?????? or is it too late
and if yes - can you contact our lawyers - pick any that are winning and would take it on contingency - maybe by now as class action
I want stations
I doubt NKLA gets a direct benefit
hhmm
boy does that sound right
the return to Lamberth - to quantify and finalize damages - was sent to Lamberth by SCOTUS - upholding that small part of the EN BANC ruling
not sure every circuit - appeals court - agreed
now if you add - EVENTUALLY -- that might be a different story
we - plaintiffs for equity would never have asked for or needed and then received an EN BANC hearing and ruling if the first three judge panel of that circuit - appeals court had ruled for plaintiffs. So that circuit first dais nope to us - then the total court said yup - if FHFA exceeds the law then courts can come in - despite the courts not allowed sign on the fence (written into HERA)
something to read
I did not know Alito said that in the ruling (that courts can "enter" when conservator exceeds)
BEST I recall - all judges at circuit said ouch - too hot to touch when cases came to them
the first panel of the circuit said too hot to touch !! 4617 chases us away
but then then the EN BANC --- at the circuit level ---- said --- YUP if the Conservator GOES TO FAR that creates the green light for trial - fact district courts to enter
So that idea - that courts are not 100% "injunctioned" was an EN BANC circuit court (appeals court) decision --- that then is repeated by SCOTUS as an appeals court too
(no real re examination of fact pattern)
But --- until the EN BANC so declared partial freedom every judge in every case - granted motion to dismiss based on 4617 as I recall - not just Lamberth
Is that right or wrong ?
$125B as long as the GOV does not claim 300B of LP or do a conversion
It is First Element
So NKLA trucks I believe have a fueling location - and that helps sales -
but HYLA is not part of this - right?
OK
and the do not need to sell immediately - but need more space
does that mean they need the R/S
they say 1B
but that is POST R/S split count
the ceiling is being raised - just a question of how much
A 40/1 R/S effectively ultimately would increase Nikola officer’s share value x4.
?
So - you are suggesting NKLA is going to award officers ---- 100MM new post RS shares?
I did not see that in the materials but I only skimmed
but yes - it will be allowed - possilbe with the new much high authorized share count
not sure if it is always 4X -- or is that dependent on the actual ratio of the R/S
and do they - management - not get a loss exactly like us !!!! on all shares they hold already --- i.e. R/S is bad as it will decline - say 20% - just "because" post R/S. Do they - management - not suffer the same haircut?
?
they reduce the outstanding count
and indeed - have said the authorized count will drop to 1B
but with say a 1:10 reverse split - that means 1B is the same as 10B of the old - current shares - as a cap
they will have to issue shares is what they are saying
IMO