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I'm down too much to take a loss, otherwise I would have been thrown in the towel. That said, I've moved on to other things. I'm done posting on Canoo until they can reach their PIPE price. Good luck.
Unfortunately this stock is so manipulated, it wouldn't surprise me if the CEO and/or this toxic financing buddies are the short source. CEO and toxic financiers control the voting rights so any proposals that they want, they'll get. Yorkville was "approved" at the "special meeting" to get shares for fifty cents apiece.
This ticker may be the insiders automated teller machine at retail expense. There's a pattern that I'm seeing here. AJMO
Officially BEARISH!!! Talk is cheap and can be disguised with lies. Truth is action.
No news; all EV stocks are up today, at least all the ones on my watchlist.
Start of production.
They were supposed to have 15 vehicles delivered by the end of December, that didn't happen.
I didn't want to believe an article Fortune put out last month, but I guess the article was true. Wonder how Fortune gets this internal info?
https://fortune.com/2022/12/01/exclusive-as-production-begins-at-troubled-ev-company-canoo-internal-documents-show-vehicle-parts-are-still-missing-and-late-payments-may-lead-to-delays/
I guess their "SOP" was some BS. LOL
I believe that the first Canoo delivery will happen next week...as companies take advantage of the $7500 tax credit.
The Army paid $67,500 for one LTV for analysis and demonstration, now they can get the LTV's for $60,000 each.
Perhaps, but still got the 30th to contend with. 2023 should be good for all EV makers, especially since the EV tax credit starts on Jan 1, which also applies to leases.
Thanks. Yup, just a paper loss. I'm long term so it doesn't matter. 1 Year from now, we'll be sitting pretty.
2 downgrades equals 1 upgrade. I'm just as much an analyst as these talking heads. Based on the potential of the military contract alone, I'm upgrading this to $7.5 by next December. LOL
I hope everyone invested here can financially and emotionally handle what's going on here. If it makes anyone feel better, I'm down $55K.
Happy Holidays!!!.
Senate just passed the defense bill worth $858 billion; headed to Biden for signature. Hopefully this leads to a big order for Canoo.
https://thehill.com/policy/defense/3777271-senate-sends-858-billion-defense-bill-to-bidens-desk/
“I’ve spent all week discussing ways this legislation will help our armed forces and national security professionals, safeguard our homeland and keep adversaries like Russia on their back feet,” McConnell said Thursday ahead of the bill’s passage.
“The NDAA is only a first step toward the investments, modernization and stronger strategies that we need to compete and to win against rivals who don’t wish us well, but it is a crucial first step.”
IMO
Proposal 1: Obvious
Proposal 2: Who the hell is "YA II PN, LTD / Yorkville"?
Proposal 3: How can I get $1.20 shares at fifty cents a pop?
Proposal 4: Dilution...unlimited and unforeseeable dilution.
Proposal 5: If the vote is not going how we want it to go, we'll adjourn and try again until we get the results we want...in other words, what good is having a vote if you can't accept the outcome
Still bullish here, just hoping we don't have any SBF's on the team.
Proposal 1: To approve, pursuant to Nasdaq Rules 5635(b) and 5635(d), the potential issuance of shares of the Company’s common stock upon the exercise of certain warrants in excess of 20% of the number of shares outstanding on July 11, 2022, under the Warrant Issuance Agreement with Walmart Inc. (the “Walmart Share Issuance Proposal”).
Proposal 2: To approve, pursuant to Nasdaq Rule 5635(d), the issuance of shares of the Company’s common stock in excess of 20% of the number of shares outstanding on May 10, 2022, pursuant to the Pre-Paid Advance Agreement with YA II PN, LTD (the “Yorkville Share Issuance Proposal”).
Proposal 3: To approve an amendment to the Pre-Paid Advance Agreement with YA II PN, LTD to lower the minimum price at which shares may be sold by us from $1.00 per share to $0.50 per share (the “Yorkville Floor Price Proposal”).
Proposal 4: To approve an amendment to the Company’s Second Amended and Restated Certificate of Incorporation (the “Charter”) to increase the number of authorized shares of common stock (the “Share Authorization Proposal”).
Proposal 5: To approve a proposal to adjourn the Special Meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, one or more of the other proposals to be voted on at the Special Meeting (the “Adjournment Proposal”).
I need transparency on unknown companies / individuals. Who are the people behind Yorkville? Why vote for companies and people whom you can't research?
Got my Proxy for the special meeting scheduled for January 24th.
I vote "FOR" giving Walmart shares and "AGAINST" (Yorkville)
I believe *Yorkville is a toxic financier; probably why the stock price isn't going anywhere.
*(most toxic financiers are registered businesses in the Cayman Islands)
Interesting read.
https://europe.autonews.com/automakers/apple-scales-back-self-driving-car-delays-debut-until-2026
Perhaps a tiny bit of hope to do business with Apple.
Impressive, indeed!
There's a lot of business potential here. I heard him mention Navy and Coast Guard, Post Office, Chrysler (not that they are in talks or anything).
$9 billion in petro per year by the military? They could spend that whole annual petro budget on Canoo products.
I laugh at the stock price because honestly, it's a joke. I'm not saying this because I'm invested here, but this should be trading higher than Rivian, Lucid, and Fisker.
I've said it before...while everyone is focusing on EV cars, Canoo will control the EV van market. Some think Canoo trucks will do even better. Regardless, it's a win win.
Aside from the business aspect, the technology and innovation with these vehicles are exciting. And let's not forget about the jobs Canoo can potentially create.
Mission Accomplished: Canoo delivers Light Tactical Vehicle (LTV) to U.S. Army for analysis & demonstration. Read more: https://t.co/3HE0QLQmeM#canoo #goev #usarmy #electricvehicle #EV pic.twitter.com/XCF7q5CeDM
— Canoo (@canoo) December 1, 2022
I like it!
That could have been a a commercial teasing the Canoo van.
As the Van appears from the smoke, Canoo's name / symbol should have appeared on screen. Lol
I've been a proponent of Canoo, but after seeing the Proxy filing on 11/21, I'm kind of skeptical of this "YA II PN, LTD" (Yorktown). I'm sensing a lot of dilution coming, and I'm sensing a share price of less than $1. Some of these proposal, 2,3 & 4 to be exact are iffy to me and I'll be voting "no". I hope the people behind the scenes aren't crooks and fraudsters...there's a lot of those nowadays.
Raise the authorized share count? Give Yorktown more shares? Let Yorktown buy shares for fifty cents?
Do your own DD, but I would wait until the price is out of *manipulation territory* before buying and/or adding. JMO
.*anything less than $10
I've seen this go from $4.5 to $1.02 in 4 months for no reason. Recently seen this go from $1.16 to $1.66 back down to $1.02 in the last week, and you have to ask yourself what's really going on. In wake of the crypto crisis, if regulators are lacking there, how much more do you think they care are small companies...and people behind the scenes know this...they know they can get away with unfair, immoral practices.
Just a little rant. Appears to be a good company with promise, but who are the players behind the CEO?
And when there are a lot of retail investors involved, institutional investors are like leaches. Rubbing their hands together and licking their lips. LOL
Retail investors do you own DD, but always remember that big money is always out to take small money. (big bank takes little bank)
Doubt there was ever a moment when institutions said, "let's help out these retail investors", nope, it's been "let's figure out a way to drop the price, scare retailers, make them sell, do a fake rebound, repeat cycle."
Nevermind the stock price right now, which is way undervalued (IMHO), but Canoo is not the ordinary EV company. These guys appear to be revolutionary and very innovative. The "steer-by-wire" tech, the proprietary "stateboard", and now I see the video presentation of them having the ability to swamp out vehicle body types for other body types.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170495255
This would really bode well if/when they introduce a car. Imagine having the ability to switch your car into a van or truck or vice versa as your needs grow. They haven't mentioned a price for such a switch, but hopefully it would cost significantly less than outright buying a new car. I think $5K to $10K for a switch would be reasonable, otherwise might as well consider buying, or trading in for new.
But I like the idea...no one is doing, nor has done anything like this.
Game changer! Canoo can switch vehicle body types. Turn your van into a pickup; turn your pickup into a van.
This is a long term hold
$10+ is inevitable; if not in a year, then 2 years, or 3 years...but it's bound to happen.
Not by Tesla, Musk is broke...he just wasted $44 billion on Twitter. LOL. He probably should have / could have bought Canoo for $10 billion and got a better ROI.
I don't know anything for sure but during the Q3 conference call the CEO implied he's open to partnerships.
I'm thinking that since the former CEO of Canoo now works for Apple's car design team, that Apple might be a possible candidate. Apple, who's known for outsourcing its product production could possibly use Canoo's "stateboard" as the base of an Apple EV. The designers at Apple could work closely with Canoo, then Canoo could dedicate an assembly line at the OK plant for Apple cars. All just a thought.
But no matter what happens, IMO, Canoo vans will control the EV van market.
$1 billion in sales in Q2, and another $1 billion in sales in Q3 (of the $2 billion, $750 million is non-binding), if they can average $1 billion in sales per quarter, that's great.
I'm also hoping for a military order...would love to see the Canoo van in camouflage.
I think I'm going to buy one; not only to support my investment, but I'm in the market for a van, and I like the style. Just wish they had dealerships.
As soon as Apple announces they are officially getting into the EV game, Tesla will lose at least half its market share.
Teaser could come during the Super Bowl halftime show.
Someone needs to step up and write Canoo a blank check. Their passion, vision, and business moves thus far says a lot. JMO
THE UNDERDOG!
Steer-by-wire system is officially patented! Cha-ching!
Vertical Integration!!!
I guess the low price is meant to weed out the impatient fake believers.
Within the next 12 months I predict the military will order a shitload of vans; I predict FedEx and/or UPS will place huge orders, and I also predict Apple will purchase licensing rights to Canoo's proprietary "skateboard", for their EV.
While all the other EV players are focused on cars, Canoo is focusing on vans. IMO, they are about to control the EV van market....from commercial to family oriented.
Just some assurance...
Vanguard owns Canoo stock
Blackrock owns Canoo stock
Walmart owns Canoo stock
Canoo CEO is using his own money to buy Canoo stock
Sure market markers manipulated the price down to these levels, but don't let them fool you...when GOEV connects on all its catalysts, I'm getting paid, Vanguard's getting paid, Blackrock's getting paid, Walmart's getting paid, Tony the Tiger's getting paid, we all getting paid. Hold tight.
https://finance.yahoo.com/quote/GOEV/holders?p=GOEV
I've learned that...
...stocks trading below $10 are manipulated
...stocks trading below $5 are heavily manipulated
...stocks trading below $1 are extremely manipulated
IMO, with this particular stock, "market makers" (manipulators) are intentionally driving the stock price lower hoping that such a low price / value will look appealing to someone interested in acquiring Canoo. A fucked up technique, but one that may actually work. Marketcap slowly dwindling. LOL
CEO has to be careful buying at these low prices to avoid the look of insider trading if an acquisition does pan out in the near future.
Thanks for sharing. The van really looks nice, and stylish.
Imagine it in camouflage for the Army.
The outsourcing was a good idea. They can mass produce the vehicle by having their own plant and still use a third party. They can even acquire the third party. Always good to have a back-up.
Still hoping for an Apple merger/buyout...
https://finance.yahoo.com/news/apple-cars-appear-more-popular-103143965.html
Been watching Level 2 for a few days now and it appears some institution(s) are accumulating.
The Ax of this stock won't let it run until they are done accumulating for their client(s).
Late financials and pending litigation would be my guess. Not to mention that big pharm is already in late stage trials of an oral covid treatment.
My guess is that regulators will favor big pharm as usual.
https://www.marketwatch.com/story/merck-ridgeback-start-phase-3-trial-of-oral-drug-to-prevent-covid-19-2021-09-01
https://www.usnews.com/news/top-news/articles/2021-09-01/pfizer-starts-dosing-patients-in-oral-covid-19-drug-trial
I'm not sure how many SPAC deals have fell through, but I'm starting to think that this one will due to the Wisk lawsuit. Having said that, I think it's time for me to sell for a loss and move on. I've been holding since February and the merger deadline of "End of June" has come and gone, and it's more than likely it's because of the lawsuit. Lawsuits can last years, and it's unfortunate that either Wisk or Archer are lying about who stole what and when. I don't have time to be dealing with such bullchit, especially when there are hundreds of other stocks out there that I can buy without all the drama. So with that said, in the words of the folks from Shark Tank, "I'm Out!!!"
It's real!!!
Just got the link for the live stream.
I guess you're right, lol. I'm long here anyway; can't lose with United and Stellantis on board.
Holding strong, fingers crossed for a MEME rally...Lol
Yup. Got my update for the live stream tomorrow as well as the following teaser