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Seems strange to me sounds like a pump and dump. Could be ugly today?
I saw that as well.
When it broke under $20 it drop fast, but it did catch and someone started buying. Just have to see what will happened.
Trust in twitter! Been there done that!
Oh so they twitter released the delivery date. Seems legit!-lol
Actually read the PR talking about the financing. There isn’t anything good in that article. They have no contracts and no revenue. If you read the 10-Q they have shares that are able to be dumped as of March 2020 and it is not just a few. It was from a previous POS financing deal. Them talking about UPS that is from 2017 and they still haven’t made any of the vehicles and they said themselves the vehicles have to be delivered by 2020. So they are going to build, test , and deliver 1000 vehicles this year? The more I read about this the more it says pump and dump all over it. They also say in the 10-Q that they may still do an offering. This market cap will correct shortly. Probably this week unless they are converted shares above $20 then it may stay at that level for a while. I saw a lot of shares that are able to be executed at or above that price.
All I see here is a pipe dream riddled with debt. Know what you own! Read the filings. Good luck!
I’m not saying the company is worthless. I just think the market cap is way to high. I think $10-$15 a share is high for this company but it is in a hot sector. Make no mistake this is NOT Te$La. We will see next week maybe they needed financing to pay for the press release that put them in the same article with the other EV companies that actually make money. This company in my opinion is in the right place at the right time. May not last long thought?
I expect next week we will see some filings about shares sold by insiders. Just a guess.
It let me read the whole article a few days ago. Now it only lets me see the beginning and says I need a premium subscription? Strange? Anyways most people on the board said I was wrong, but they do have it in their filings. Kind of vague on how they will pay back the loan but it did say the interest is like 110%. No matter how the pay it back. Shares or cash.
Workhorse - Disappointing Hedge Fund Financing Deal Despite Epic Rally In The Company's Shares
Jul. 01, 2020 8:43 AM ETWorkhorse Group Inc. (WKHS)BLDP, FCEL, FCELB...34 Comments
This article is exclusive for subscribers
Summary
Despite the meteoric share price rise, company enters into another convertible note transaction with a division of hedge fund High Trail Capital.
I agree. Watching the L2’s you can see exactly what’s about to happen. If they buy up to this point the alto will trip and send it up a dollar or two or vise verse. It is pretty ridiculous to watch.
What happens on the 14th? Dilution or just a standard dump? Especially when people realize the USPS has never heard of this company. Oh and the USPS doesn’t have any money to spend on new vehicles. Get real this is a pipe dream at best. People fall for anything. Billion dollar company with $84,000 in revenue!-hahahahahahahaha
RSI cooling. Great week and next week will be better!
It will go back to $30+ Monday!
Strong stock no eod dump on a long weekend. Pretty impressive.
New base moving up from here!
Look at the buying EOD people want this stock bad.
I guess I read it wrong. According to the price action and the amount of people buying shares as fast as they can this may be the next Te$la? Who knows. Sure looks that way pretty soon the Market cap will be the same at the rate!-lol
I never said that? I just questioned the financing.
Sure have been a lot of shares bought today. Should be going back up to new highs.
EOD buying pushing it to $26 load up!
Probably closing at $26
WKHS soon to be the most valuable company in the entire world! Keep buying and pushing that price up.
Lots of buys should be moving up small dip.
Not at all. I just don’t like the toxic financing. That’s it.
Whether it is or it isn’t -is what we were debating.
The way the market is no one wants to hold anything over the weekend anymore. Never know what might happen. This looks like it is setting up a new base.
”110% loan repayments fee. They should be ok as soon as they dump some shares on their share holders."..........repayment of the loan can come in the form of cash or shares, are you absolutely sure someone is going to dump shares?......absolutely positively gonna dump?
Are you absolutely sure they are not? Because if they do it will drop like a rock and you know it!
I didn’t post that article.
Well usually when a company says it is financing and can pay with shares. They usually end up paying with shares. Whether it is today or next month or 6 months dilution will hit at some point.
So is the research good or not? I saw that they other day and didn’t read it closely. I guess a third party is question the results of there drug?
Why did they get financing?
Their stock is doing well why does a 1.5 + billion company need financing? Something smells funny.
110% loan repayments fee. They should be ok as soon as they dump some shares on their share holders.
About to break 22 then off to the races.
Lots of buys could move up soon.
It may get there today.
Actually they do show it.
It’s on fire! Big day today!
Huge day! On fire!
Think this maybe a reason for the fall this morning? Dilution? Weird premarket trading?
Wake me up at $100 a share. Could be there any minute.
A lot of buying premarket. Looks strong.
The dilution is directly in the 10 K. There is no opinion about that it is in black and white.