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That is direct evidence of dumping via block sales. That is the covering transaction from the clients block. Not an open market trade.
I suspect we will see another VWAP trade like yesterday given all the selling.
Someone is dumping
So you can’t point to something I have been wrong about….
got it.
Up to 5% right? LOL. What have I been wrong about?
Your tinfoil hat is a little tight I see…
Bahahawahaaaaa!!!!
$0.000001
1000 shares of GNCP is worth about a single sheet of commercial toilet paper.
LMFAO!!!!
What morons.
Bahahawahaaaaa!!!!
$0.000001
Mark has no money to do anything….
It’s so cute that people think the strike has ANY impact on MIKP. lol.
Actually that makes more sense.
Actually not. People seem to think that the moment the stock is cancelled they get their money/collateral back.
Brokers take forever to process a stock cancellation, deem it worthless and cancel the short position.
In this case a short can simply close it now by covering and walk away with their money and collateral.
What part wasn’t clear?
That makes sense. Any short would be covering because if the ticker gets deleted it will be awhile before they can get their money.
It’s absolutely amazing to me that there are people buying this stock at this level.
Might as well set your money on fire, at least you would get some heat value out of it.
My guess is that a lot of retail in the market don’t follow that closely…until the company puts something out.
That announcement is just about a year old and they have not brought in a single dollar on it since.
Lol
What are you taking about?
I am talking about the Nasdaq Hearing Panel.
No they won’t, they haven’t even had a hearing yet (which could be 30-45 days away) and then the Hearing Panel needs to make a decision which they have 30 days beyond that to do.
Muln will still on Nasdaq Oct 1 no matter what.
Nikola was being sued by Romeo customers for a range of issues. Also Nikola discovered the cost to produce a battery pack was significantly higher than what was projected.
While all that is going on Nikola has been under pressure from its creditors…
…so they transferred all the Romeo assets to SG Service Co. to sell for the “benefit of the creditors”.
They idea is that they can get out of the lawsuits by doing so…or at least put them in line with the creditors for their piece.
Here is the article.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172796749
People need to start learning to sell on those artificially generated pops on massive volume.
Easy money.
Who exactly “talked about” the launching of the Market.live platform?
“Did it go from 0 to 60 in less than 2 seconds at the big tour?”
It was parked.
Don’t know if you saw this…
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172796749
Technically Nikola owns the assets but then decided to sell them off to pay creditors by assignment. That allows them to potentially fend off the lawsuits they had over Romeo Power related sales they couldn’t deliver.
A large investment will be required to get anything out of those assets in an efficient manner.
But Dave will now get his 3.7 million shares.
And they have more than enough fire power to swat this nuisance lawsuit aside.
I hope they humiliate Michery and Christian.
They both deserve it.
He gets 2% of the OS for this purchase under the “accelerated development milestone”.
“I saw there was a group of people who thought a whole bunch of crazy things such as you could uplist and get a “new” valuation.“
Boy do I remember that. That somehow they could come up with a “valuation” for the offering that was above the market. LMAO!
Some people lost a lot of money here through sheer ignorance.
It’s the stuff Nikola didn’t want when they purchased Romeo last year. I guess they decided to get rid of it.
The dilution hasn’t been done. They simply said they were not going to do any more financing agreements for the remainder of the year. But the dilution from the final $100 million financing option in June has been hitting the OS SINCE June 30 by about 100 million shares (22.5 Billion shares on the presplit basis) which is more than doubling of the OS SINCE June 30.
But as usual Michery has carefully worded his statements to keep his believers in the dark.
Apparently successfully.
The usual conspiracy theories run amok. LOL. But par for the course in pennyland.
The very simple reality is that the share price drop can be ENTIRELY explained by the MASSIVE dilution this stock has been subjected to.
No “and”. I was just providing some context of the relative amounts beyond simply the debt conversions…in case anyone was interested.
The dilution since 2021 is split between three categories:
1) Pref B conversions equating to about 1.6 Billion shares of dilution
2) Convertible notes equating to about 1.4 Billion shares of dilution
3) Acquisitions/Cash/Services 0.6 Billion shares of dilution
LOL…it is going to go nowhere. It’s a ridiculous lawsuit.
Michery just hopes his believers will buy into it long enough…at least until the meaningless “settlements” start getting PR’d so he can give the hook line another pull…
LMAO.
That has been the situation for some time at least with Bollinger and the 2 “manufacturing plants.
The Tunica purchase is almost two years old. The price has decline almost 99.99% since then.
The Bollinger deal is a year old…stock price has dropped over 99.5% since then.
The ELMS deal is over 8 months old…the stock price is down over 99% since then.
Seems the market has not been impressed at all by any of that.
Who said they did? We are talking about a drop in value and how that is calculated.
I know you understand this…but in case you really don’t…
Let’s look at it another way.
When the stock was at $2.66 per share prior to the split…if someone bought $600 worth they had 225 shares.
What do they have today? 1 share at $0.46. Their account value would be $0.46 cents.
That is over a 99.9% drop.
It’s just easier to do that calculation using SPLIT ADJUSTED prices.
But if $2.66 helps you sleep at night then continue with the fantasy.
This is like 5th grade type stuff.
I talk about the price drop as a percentage.
They only way to correctly do that calculation is to use split adjusted prices.
To not use it is actually trying to hide the actual drop in VALUE of the stock.
Most people understand this.
But apparently not all….
And how has that worked out for the share price?
…exactly.
Do you not understand what a “split adjusted” price is? He even said it is what he was using.
Look at the chart and tell me what you see as the price showing 1 year ago.
It’s showing split adjusted prices.
That’s how it works.
Are you in that much denial?
“investing is all about speculation and looking at all aspects of a company“
How has that worked out for ANYONE who did so 6 months ago and bought?
12 months ago?
18 months ago?
The trend is obvious.
He referring to a split adjusted price so the share price today and a share price prior to the split are an apples to apples comparison.
I thought this would have been obvious given he even referred to the split adjustment.