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I bought a few shares down here, with a lower bid in too. Seems to move very fast to upside when the shorts get pressured. Most of the bad news(Fed actions, Russia nonsense, etc.)is out and being factored in. See what happens with the markets now.
https://seekingalpha.com/article/4493291-nikola-ev-stock-oversold-undervalued
https://www.cnbc.com/2022/02/24/shares-of-ev-start-up-nikola-surge-on-earnings-beat-revenue-in-2022.html
Ginkgo Bioworks, Inc. (DNA) Stock: $12 Price Target And Outperform Rating:
https://pulse2.com/ginkgo-bioworks-holdings-inc-nyse-dna-stock-12-price-target-and-outperform-rating/
Sony will partner with Honda on EVs:
https://electrek.co/2022/03/04/sony-will-partner-with-honda-on-evs-first-available-in-2025/
Panasonic is planning a large battery cell factory in the US to supply Tesla’s demand:
https://electrek.co/2022/03/03/panasoni-large-battery-cell-factory-in-us-supply-tesla-demand-repor/
Tesla officially receives environmental approval to produce 500,000 EVs at Gigafactory Berlin:
https://electrek.co/2022/03/04/tesla-officially-receives-environmental-approval-to-produce-500000-evs-gigafactory-berlin-battle-not-over/
Did Mr. Sawyer make that statement to you?
Looks like some short covering today...bought some at the low.
Not sure but that was a large amount of volume in that short window of time. During the period of those big block trades going through at the close, the share price rose from $3.81 to $3.86
Interesting close. Very large block buys going into the close:
Nice print at 11:37am: 250,000 shares for $1,000,000 dollars @ $4
DNA all time low today. Bought some more down here. Oversold and over shorted, in my opinion.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=dna&insttype=&freq=&show=
The Nikola Mobile Charging Trailer fills the gap for fleets & dealers who need charging infrastructure in place...today. An easy-to-connect, 480V, 3-phase power source or any mobile power source capable of feeding a 175kW DC fast charger is all it takes to get you on the road.
The Nikola Mobile Charging Trailer fills the gap for fleets & dealers who need charging infrastructure in place...today. An easy-to-connect, 480V, 3-phase power source or any mobile power source capable of feeding a 175kW DC fast charger is all it takes to get you on the road. pic.twitter.com/gMbIpRxRQd
— Nikola Corporation (@nikolamotor) March 1, 2022
Tesla reportedly receives final environmental approval to start production at Gigafactory Berlin, but there’s a catch:
https://electrek.co/2022/03/03/tesla-reportedly-receives-final-environmental-approval-to-start-production-gigafactory-berlin-catch/
After backlash, Rivian (RIVN) backtracks on price hike in letter from Founder/CEO RJ Scaringe:
https://electrek.co/2022/03/03/after-backlash-rivian-backtracks-on-price-hike-letter-from-founder-ceo-rj/
In general, and on the surface, the revocation "appears" horrible. With that said, "I still believe" we will see extraordinary, out of the general, unusual results here. I agree with Saean's motto and core belief that "Nothing is Impossible". Anything can be changed, reversed and restored to something even better.
I listened to almost every Hearing last year, and read most of the legal documents. Saean/Dr. Lee really wanted control of this shell, fought hard and spent a great deal of time/money to regain control. Against all odds, they finally got it too, via court Order. My gut tells me the merger thing is still happening, but perhaps in a way we didn't think of. We still own shares in a company (now private), of which Saean has over 64% stake. Saean is a global company with multiple subsidiaries.
There was another reverse merger stock I own that was considered a dead shell after FINRA denied their merger, making that shell useless. In that unusual case, the CEO stated they would still merge the companies, and that they would be taking those shareholders public with their parent company. That is an example of an "out of the ordinary" action.
FWIW, an excerpt from Saean Medical website on 2/17/22 indicated the acceleration/completion of mergers and acquisitions. That's plural.
I'll be removing myself as moderator here, but only because if/when EMPM comes back, it will be under a different name/symbol and we will have a different ihub blog. In the interim, I'll still post if I find out anything new.
I don't know what will, or will not, happen here, but I'm not going to rule anything out just yet.
Nothing is Impossible.
Tesla ramps up deals to secure future supply of critical battery metals, adds another lithium contract:
https://electrek.co/2022/03/02/tesla-ramps-up-deals-secure-future-supply-of-critical-battery-metals-adds-another-lithium-contract/
As I understand, the revocation does not "kill" the company. We are still shareholders, but in a private company now.
The revocation doesn't sound good. -But, correct me if I'm wrong, can't they file a Form 10 (once their house is in order) to become a public company again?
I guess we are shareholders in a private company? but don't know what Saean plans to do with this.
If that was the case, then why waste all their time and money in court regaining control of this shell, only to walk away, after they get it? That's what I don't understand.
Saean's shell (fka EMPM) registration revoked today.
Perhaps, at this stage, Saean wanted EMPM to be revoked, and then file a Form 10:
https://www.investopedia.com/terms/s/sec-form-10.asp
Saean invested a lot of time/expense in acquiring control of this shell back in 2019. Saean then invested even more time/expense in regaining control of their shell last year through the Court. If Saean walks away, then their "shell investment" is wiped out, along with everyone else. That doesn't make any sense.
I'm leaning towards Saean filing a Form 10, but that's just a guess. I have no idea what will happen here, or what their options are.
EVgo announces Toyota bZ4X customers will receive one year of free EV fast charging:
https://electrek.co/2022/02/24/evgo-announces-toyota-bz4x-customers-will-receive-one-year-of-free-ev-fast-charging/
https://finance.yahoo.com/quote/JOBY/holders?p=JOBY
Major Holders:
49.48% % of Shares Held by All Insider
25.00% % of Shares Held by Institutions
49.48% % of Float Held by Institutions
130 Number of Institutions Holding Shares
Tesla announces new investment in Gigafactory Shanghai on road to 1 million electric cars per year:
https://electrek.co/2022/02/23/tesla-investment-gigafactory-shanghai-on-road-1-million-electric-cars-per-year/
Bought some MKFG down here.
Bargain prices today for DNA. Bought some down here.
Volkswagen teases double world premiere of ID. Buzz and Buzz Cargo alongside details like ‘Plug & Charge’ and bi-directional charging:
https://electrek.co/2022/02/21/volkswagen-teases-double-world-premiere-of-id-buzz-and-buzz-cargo-alongside-details-like-plug-charge-and-bi-directional-charging/
And she's still buying. Innovation is at bargain basement prices right now.
I may not like all of Ms. Wood's stock picks, but I like many of them.
More importantly, I agree with Cathie Wood's investment logic regarding disruptive innovation.
I think this recent article sums things up very well:
https://www.marketwatch.com/story/stock-market-faces-the-most-massive-misallocation-of-capital-in-the-history-of-mankind-says-arks-cathie-wood-11645123885
"Stock market faces the most ‘massive misallocation’ of ‘capital in the history of mankind,’ says ARK’s Cathie Wood"
MUST WATCH >>>>> Disruptive Technology Video:
I agree, Sir.
$MVNT Shareholders, thank you in advance for your patience as we prepare our disclosures and onboard a new CFO. More announcements to follow when financials are posted on OTC Markets.
— Movement Industries (@mvmntin) February 17, 2022
“See You Soon!” – Trump Makes First Post on His Upcoming “Truth Social” Platform
https://seekingalpha.com/news/3800672-trump-spac-digital-world-gains-after-former-president-posts-on-truth-social-platform
Joby teams up with airline ANA to bring flying taxis to Japan
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=joby&insttype=&freq=1&show=&time=4
https://www.japantimes.co.jp/news/2022/02/15/business/corporate-business/flying-taxi/
Snow Lake Lithium is developing the world’s first all-electric lithium mine to support EV industry in North America:
https://electrek.co/2022/02/10/snow-lake-lithium-is-developing-the-worlds-first-all-electric-lithium-mine-to-support-ev-industry-in-north-america/
Over 50% of Harley-Davidson’s electric revenue came from selling kids’ e-bikes, not motorcycles:
https://electrek.co/2022/02/11/over-50-of-harley-davidsons-electric-revenue-came-from-selling-kids-e-bikes-not-motorcycles/
U.S. Mortgage Rates Surge to the Highest Level in More than Two Years:
https://finance.yahoo.com/news/u-mortgage-rates-surge-highest-150000544.html
The Housing Boom May Be About to Go Bust:
https://www.bloomberg.com/opinion/articles/2022-02-09/the-housing-bubble-may-be-about-to-burst?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS
Ms. Wood expects "that in 5 years, the world will look nothing like it does today". They're invested in all the disruptors, the winners, that are going to disrupt the traditional world order.
Tesla dominates car sales in California with impressive growth in 2021 and 2 of top 5 best-selling cars:
https://electrek.co/2022/02/09/tesla-dominates-car-sales-california-with-impressive-growth-in-2021-2-top-5-best-selling-cars/