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Dilution Monitor
Outstanding Shares
716.79M + 62.67M = 779.46M
779.46M + 79.87M = 856.33M
856.33M + 128.87M = 985.20M
985.20M + 34.8M = 1.02B (6 Nov 2023)
1.02B + 140M = 1.16B (14 Dec 2023)
1.16B + 18M = 1.34 B (1 Mar 2024)
1.34B + 20M = 1.36B (25 April 2024)
97.5M shares OS.
We already knew the date. Link is to an article confirming same.
https://finance.yahoo.com/news/nikola-corporation-announces-date-first-200500237.html
That leaves approximately 335.79M shares left for issue.
NKLA Outstanding Shares Update
716.79M + 62.67M = 779.46M
779.46M + 79.87M = 856.33M
856.33M + 128.87M = 985.20M
985.20M + 34.8M = 1.02B (6 Nov 2023)
1.02B + 140M = 1.16B (14 Dec 2023)
1.16B + 18M = 1.34 B (1 Mar 2024)
The Motley Fool
Nikola: Estimated sales growth of 601% in
2024.
Sales growth, not stock value.
https://www.fool.com/investing/2024/01/23/3-of-the-fastest-growing-stocks-on-planet-in-2024/
SUCCESSFUL LAUNCH: NIKOLA PRODUCES 42, WHOLESALES 35 HYDROGEN FUEL CELL ELECTRIC TRUCKS FOR CUSTOMERS IN U.S. AND CANADA IN 2023
https://finance.yahoo.com/news/successful-launch-nikola-produces-42-130500892.html
Hyundai Motor Group is building a $7.6 billion electric vehicle and battery plant on a 2,906 acre site near Savannah, GA.
https://www.ajc.com/politics/first-look-what-hyundais-76b-ev-metaplant-will-look-like/GHD2DTB46NCS7JHGK5WTQO6GTY/
NIKOLA AND FIRSTELEMENT FUEL FORGE 10-YEAR STRATEGIC PARTNERSHIP TO ADVANCE HYDROGEN FUELING INFRASTRUCTURE.
https://www.prnewswire.com/news-releases/nikola-and-firstelement-fuel-forge-10-year-strategic-partnership-to-advance-hydrogen-fueling-infrastructure-302019813.html
Correction:
Increase in outstanding shares.
716.79M + 62.67M = 779.46M
779.46M + 79.87M = 856.33M
856.33M + 128.87M = 985.20M
985.20M + 34.8M = 1.02B (6 Nov 2023)
1.02B + 140M = 1.16B (14 Dec 2023)
Increase in outstanding shares.
716.79M + 62.67M = 779.46M
779.46M + 79.87M = 856.33M
856.33M + 128.87M = 985.20M
985.20M + 34.8M = 1.02B (6 Nov 2023)
1.02B + 140M = 1.16B (24 Dec 2023)
Earnings announcement* for RDHL: Dec 5, 2023
Anyone know the time?
Hydrogen Cars — How Hydrogen Fuel Cell Cars Work.
https://www.popularmechanics.com/cars/hybrid-electric/a22688627/hydrogen-fuel-cell-cars/
Nikola 10-Q filed 2 November 2023
http://archive.fast-edgar.com/20231102/AP2HQ22CY222D2Z2222N2WEZQOOAZ2Q29252/
“Nothing else in the world…not all the armies…is so powerful as an idea whose time has come.”? –? Victor Hugo, The Future of Man. From the series Great Ideas of Western Man.
Good information.
Information unknown.
The 1.02B number is rounded down from an unknown quantity, and is probably more than a few days old. NKLA releases information when SEC rules force them to, or when it benefits their purposes.
Dilution update
716.79M + 62.67M = 779.46M
779.46M + 79.87M = 856.33M
856.33M + 128.87M = 985.20M
985.20M + 34.8M = 1.02B (6 Nov 2023)
Shares Outstanding 1.02B
Shares Change (YoY) +95.53%
Shares Change (QoQ) +20.96%
Owned by Insiders (%) 13.84%
Owned by Institutions (%) 27.96%
Float 880.08M
Clean Fleets rule Explained.
https://www.government-fleet.com/10201691/16-things-to-know-about-carbs-advanced-clean-fleets-rule
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.
NKLA will report is third quarter ended September 30, 2023 financial results and business updates on Thursday, November 2, 2023. On that day, Nikola’s management will hold a conference call and webcast at 10:30 a.m. ET (7:30 a.m. PT) to review and discuss the company’s business and outlook.
Nikola (NKLA) to Report Q3 Earnings:
What's in the Cards?
Mentioned: LCID NKLA RIVN
Nikola Corporation NKLA is slated to release third-quarter 2023 results on Nov 2, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s loss per share and revenues is pegged at 15 cents and $15.52 million, respectively.For the third quarter, the consensus estimate for NKLA’s loss per share has narrowed by 4 cents in the past 90 days. Its bottom-line estimates imply growth of 46.4% from the year-ago reported number.The Zacks Consensus Estimate for its quarterly revenues suggests a year-over-year decline of 35.97%.Over the trailing four quarters, NKLA surpassed the consensus estimate on all occasions, the average surprise being 17.9%.
Q2 Highlights
In second-quarter 2023, Nikola incurred an adjusted quarterly loss of 20 cents per share, narrower than the Zacks Consensus Estimate of a loss of 24 cents. This compares to an adjusted loss of 25 cents per share reported a year ago. Nikola posted revenues of $15.36 million in the quarter, outpacing the Zacks Consensus Estimate of $15 million.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Nikola for third-quarter 2023, as it does not have the right combination of the two key ingredients. A positive Earnings ESP combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here.Earnings ESP: NKLA has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate is in line with the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: It currently carries a Zacks Rank #2.
Things to Note
In September, Nikola announced the expansion of its dealer network into Canada for its Class 8 truck sales. The vehicle manufacturer is eligible for the Incentives for Medium- and Heavy-Duty Zero-Emission Vehicles Program, which offers Canadian organizations in all provinces, territories and municipalities up to CAD200,000 in incentives toward the purchase or lease of the Nikola hydrogen fuel cell electric truck and up to CAD150,000 in incentives toward the purchase or lease of the Nikola battery-electric truck.It is also eligible for the Clean BC Go Electric Rebates in the province of British Columbia, which offers CAD150,000 in incentives toward the purchase or lease of both the Nikola hydrogen fuel cell and battery-electric truck. Expansion of the dealer network, along with incentives, is likely to have bolstered NKLA’s third-quarter 2023 results.On the flip side, the vehicle manufacturer closed the battery production operations of Romeo Power, Inc. and is preparing to establish a battery pack line in Coolidge for its battery-electric trucks. During the second quarter of 2023, Nikola produced and delivered 33 and 45 trucks, respectively, down from 50 and 48 trucks in the corresponding quarter of 2022. With the halt in battery production operations, the decline in production trend is likely to have persisted in the quarter under review.
Earnings Whispers for Peers
Lucid Group LCID is scheduled to post third-quarter earnings on Nov 7. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share is pinned at a loss of 27 cents per share. The company has an Earnings ESP of 0.00% and a Zacks Rank #2.You can see the complete list of today’s Zacks #1 Rank stocks here.LCID missed earnings estimates in all of the trailing four quarters, the average negative surprise being 12.08%.Rivian RIVN is scheduled to post third-quarter earnings on Nov 7. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share is pegged at a loss of $1.36 per share. The company has an Earnings ESP of -1.78% and a Zacks Rank #3.RIVN surpassed earnings estimates in all of the trailing four quarters, the average surprise being 15.22%.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Shares have increased by 0.374461139245804% since the announcement was made to increase the shares.
985,200,000 minus 716,790,000 = 268,410,000
268,410,000 divided by 716,790,000 = 0.374461139245804%
There has been no announced dilution since around 26 September 2023.
These are the numbers since the BOD announced shareholder agreement to increase outstanding shares.
716.79M + 62.67M = 779.46M
779.46M + 79.87M = 856.33M
856.33M + 128.87M = 985.20M
202 FCEVs ordered at roughly $750k each.
202 x $750,000 = $151,500,000.00
Plus fueling.
Does anyone know what time the celebration starts tomorrow?
Old news 2 August 2023
https://www.freightwaves.com/news/nikola-surpassess-200-orders-for-hydrogen-fuel-cell-trucks
The announcement that shareholders voted favorably to allow the BOD to increase the number of outstanding shares.
No further information on your other questions.
I recommend anyone trading with the TD Ameritrade platform setup your Schwab account soonest. The learning curve is aggravating. However, adding your bank account, and funding it, is almost instantaneous.
Outstanding shares increased since announcement:
716.79M + 62.67M = 779.46M
779.46M + 79.87M = 856.33M
856.33M + 128.87M = 985.20M
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Nikola Corporation - NKLA
https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-nikola-corporation---nkla-301918440.html
Nikola's Burning Issue Continues With 3rd Truck Fire This Year: Here's What Happened
https://www.benzinga.com/news/23/09/34225601/nikolas-burning-issue-continues-with-3rd-truck-fire-this-year-heres-what-happened
Buckeye is a good, central location for distribution to several states. Watch for a wind farm nearby to produce the electricity for the electrolysis.
FFI is a subsidiary of FMG, but neither sells shares - yet. However, FFI stock would be another good long term investment because hydrogen-powered everything is happening and Nikola will not be FFI’s only customer. At some point in the future, even Elon Musk will find a way to save face and get on board with hydrogen.
Sounds like good news. I can see the need for more shares, which means more dilution when sold. This is a long term stock, backed by the Federal Government, Arizona Government, and the California Government to name a few.
There is nothing more powerful than an idea whose time has come - Hydrogen. - Anon
Sounds familiar.
So, how did Bankman-Fried do it? Ben McMillan, co-founder of IDX Digital Assets, spells it out with a simple analogy:
In a hypothetical scenario, imagine someone owns every house in a 100-home neighborhood and forces the sale of one home for $1 million, then uses that sale to show they have $100 million in "equity." But then, the owner (WMI) is forced to sell (declare bankruptcy) all the remaining 99 homes, and the houses only sell for $100,000 each – meaning $90 million of their so-called equity disappears.
90% of declared equity - phffft!
But that equity never existed in the first place.
https://www.foxbusiness.com/markets/ftx-sam-bankman-frieds-house-cards-came-tumbling-down
The market is going down due to the Fed Rate Hike just announced, and COOP is still green. That should tell longs something.
Thanks!
Correction on the message -
No opening transactions are allowed on securities affected by amendments to SEC rule 15c2-11.
Has trading halted? I get this error message when attempting to buy.
No opening transactions are allowed on securities affected by amendments to SEC rule 15c2-12.
20,000 x .03349842 = 669.9684
Not including further distributions.
What Is a Reverse Stock Split?
A reverse stock split is a type of corporate action that consolidates the number of existing shares of stock into fewer (higher priced) shares. A reverse stock split divides the existing total quantity of shares by a number such as five or ten, which would then be called a 1-for-5 or 1-for-10 reverse split, respectively. A reverse stock split is also known as a stock consolidation, stock merge, or share rollback and is the opposite of a stock split, where a share is divided (split) into multiple parts.
https://www.investopedia.com/terms/r/reversesplit.asp
Every stock differs. It is unlikely a single buyer would have more than one trade on the same stock to be effective near or after closing time.
Best regards,
David West