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See news re hyzon trading. 7/19.
Yup. Trading as hyzon starts on the 19th, per company's announcement.
The merger vote was certified and filed with sec today.
Yahoo board is anticipating a PR stating date of symbol change. The idea is it may take a few days for the symbol change in brokerage accounts. Maybe sell and get lower with new symbol? Average down? perplexing.
I need to research more, but I saw that the EU is considering requiring all production of internal combustion engine to stop by 2035, with the view that all such vehicles will be replaced by 2055. Ambitious goal. We should see more factory conversions to accommodate.
Cool. This is my first spec merger. Looking at dcrc for the solid state battery
Congratulations. Looking forward to movement north!
Why not tomorrow. The link said immediately.
Meeting and announcement of vote count 7/15.
Ok. Imho meaningless. Wait for tangible products, contracts, licenses. Will happen one day, maybe.
Traded below $1 in the last year. 60 days or so to complete Taiwan deal.
Back in May, Clarios said it was starting the process to be listed with a huge market cap. Any progress there?
2.20 might be a decent entry. Support there, also 2.40s. Not sure either will hold. Waiting.
Good luck either way.
Looking at F now.
Thanks
Watching pps action. There were a lot of questions from the chat audience. This indicates interest. Will they push the share price down for a lower entry? Waiting to see before buying.
Yes. Look for the news release of availability, as it will include links to relevant documents/analyses.
I need to listen to the early part of the presentation. Someone pointed to a $30 target for another company, but I missed the context.
It may be modest in the short and long term. They have lots of information on their website.
I listened to the webcast and learned quite a lot. These folks are serious. They are thoughtful, avoided overstating the state of the art. They don't need or want to reinvent non core parts, and have a solid track record to build out a new product/industry.
I think i understood they are setting up a production facility in NY already, which is positive. They will have a leasing arrangement. They mentioned local production of hydrogen at landfill sites and (Republic) was given as an example of potential efficiency for end users.
I figure it has been time well spent.
Warrants volume traded much increased today as we near the close, and price is up some, too.
Keep eyes on warrants. Not sure how many are outstanding, but 11k+ traded so far today. Exercise price at 11.50
Hyzon is well known in some countries and is taking steps to raise its profile in the US, UK an Europe generally.
When the promised factories are built and staffed in NY and Detroit, we will see more media coverage. Construction to commence in the 3rd quarter. They are not sitting still.
This is not a one product company, and they do not intend to reinvent when quality parts are available.
Proxy came. Good sign. Still not a lot of volume, but I expect to see more after the 29th fireside thing. Is there a reason to wait to get hyzn rather than dcrb?
Have you looked at the proxy agreement? At the sec Edgar site. I don't see anything new. I think conversion costs are being absorbed the the company, but will confirm.
Not sure why DCRB is down today, except the NASDAQ and Russell opened down for some reason.
Yes,and if/when it runs, we should be happy. I am not overly concerned as the filings appear more complete.
Is timing a short or long term issue?
Do you mean actually finalized "completed" or announcing date of merger?
A good thing, agree, but not holding my breath.
I still want to know if they will pay the broker conversion fees, which are hefty. (38$ for symbol & CUSIP change).
The latest pre merger filing shows the lawyers are cleaning up the language. They show the board's qualifications. Impressive.
How many shares are restricted or outside the float post merger?
Imho, the build out of hydrogen access points should attract investor interest. I am watching F since they said they are committing $30 billion to their EVs.
It was unfortunate that DCRC was announced before DCRB finalized their date for going public.
However, while DCRB closed lower, it traded in a relatively tight range on low volume. Nothing unusual.
Merger with Solid announced today. Solid state batteries. DCRC. What do you think?
Right. Thanks.
I like the concept here, but why the Russell would include a company with no revenues is just odd. I think the share price remains unsustainable without something to back up future growth.
Batteries will be with us for a long time, imho, esp if it is less expensive to recycle lead as raw materials.
Copper may well be an issue going forward, until more is produced in the US or a viable substitute is found.
Cheers.
Thanks for your reply. Do you know if the conversion fees will be paid by The company? If not, then a hefty charge will be felt by small investors to effect the name and cusip changes.
There is a $15 price target by some analyst. Meaningless, imho, as it is just midpoint between original valuation and the high near $20 a while back.
Since then, hyzon has announced 2 new US factories, new patent pending technology, a series of collaborations/jv, and several actual orders. An order implies revenues, although no details have been forthcoming.
The end of the second quarter is very close, assuming they work on a calendar/fiscal year.
One more thing. Usually, a merger announcement generates some volume and share price movement. This seems not to be the case here. Is there some reason why not?
Following the merger, HYZN is valued at $10 per share or $2 billion.
This valuation excludes share price increments once trading commences.
Ok. Since the merger announcement, there have been significant movements by HYZN including 2 US based factories with construction to begin this calendar year, and a series of joint cooperative undertakings. I have not seen any costs estimates for the new factories or potential market valuations for the cooperative undertakings.
Any ideas how to value?
Finally, when will the merger take place?
Ok. In plain English, please.
A holder of DCRB shares will have an equal number of HYZN shares after the merger. Please confirm this.
Conversion of the shares requires 2 days advance notice to DCRB or the shareholder's brokerage firm. Please confirm this.
The cost of share conversion will be borne by the company, not the shareholder. Please confirm this.
Thanks.
It is moving, but not sustainable. Imho. Nothing other than gossip as far as I can see behind the move.
A huge number of Alto calls traded today. Huge. Not a lot existing on the put side. Options expiration?
There are a few million shares above the float. IMho, it will not be in ALTO's interests to issue more shares near term. The pps will rise as greater demand will have the refiners scrambling for ethanol supplies. The industry's 2021 production is by and large bespoken.
Court news. 3 petitioners re blending exemption withdrew their claims. This opens up the demand side significantly.
This company thinking is outside the box. Nothing static going forward.