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Well here is a good article stating that the company will be diluting stock at the $19.00 level. Good luck getting past that. It’s in the 10K.
Workhorse - Disappointing Hedge Fund Financing Deal Despite Epic Rally In The Company's Shares https://seekingalpha.com/article/4356543-workhorse-disappointing-hedge-fund-financing-deal-despite-epic-rally-in-companys-shares
Maybe the court order or maybe the results weren’t as great as the are letting. I mean when someone ask u how’s it going your immediate answer is great. So we will see.
RSI 94 way overbought. We will see what happens tomorrow.
Look at the fact they just lost a lawsuit. Why are they fighting with there supplier? It never works out well, when they start filing lawsuits especially when the judge DENIED IT!
https://www.bizjournals.com/philadelphia/news/2020/06/25/inovio-vgxi-covid-19-vaccine-lawsuit-tech-transfer.html
The Note will rank pari passu with Workhorse's Senior Secured Convertible Note issued in December 2019 and senior to all other debt and is convertible into common stock by the investor at $19.00 per share, or 131% of the closing price of Workhorse's common stock on June 29, 2020
Can anyone explain this? It is in their press release that made this pop. I read it as at $19.00 dumping begins. Pretty much the pattern we have been seeing, no?
Read the part about the SEC investigating INO. They think they are lying never a good thing to have the SEC breathing down your neck. Good luck glad I got out.
Just getting started? This company doesn’t have any revenue $84,000 and it is at a 1.5 billion market cap? Really? Post office is always about to go bankrupt, so where did they find $8 bil if that is true. Why would they use it on something that isn’t even available. Then spend another 8 bil on charging station? Each office would need chargers ( I doubt u can just throw a could of extension cords to them and say all set!). They just get to bid on the contract the haven’t got anything. They do have one thing TOXIC FINANCING! I know they say they can’t convert to whenever but toxic financiers don’t care about rules they will dump as soon as possible. How long before the dilution starts and the inside selling? Or an offering that could help them raise more money. When u are making high tech vehicles 70 mil (that is not confirmed) is a piss in the ocean. Won’t be long they know this will only be in this range a day maybe 2. This company maybe great in the future but right now it is way overbought. And the chart is crispy FRIED.
Lots of buying. Moving up nicely.
Solid day
Maybe $100
It seems to be working here!
Yep that was not a good write up either way.
That’s what it looks like. Not sure what message he was trying to convey?
That’s funny!
Is there still a post office? Is the post office worth 1.5 billion? I’m sure it has to be more than that?
Sure it does!-lol
Well it’s a hit sector. So people are buying maybe it continues upward forever?
That’s pretty high no?
Pretty sure this company invented a medication that cures you of everything. One dose and you never get sick ever again. Right?-lol
Must be pretty bad?
What’s the market cap at the PPS it is at now?
May push higher? Who knows?
About to break loose.
Falling off a cliff!
Dropping quick.
Ok I thought that was it.
Dilution?
Too heavy for me.
Because being married sucks!-lol
He better bring the steroids because GNUS needs to be pumped up!
Where is that guy that is short again? Must suck.
There will be hag holders for sure, but a lot of people made a ton of money.
The valuation on this company is like .35 cents. Not anywhere near $2+.
Nice job to those that got in.
They should be out of debt forever with the amount of shares they diluted when they were in the pennies. Criminals!
It’s coming! Nice call!
Pump it up. ????