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Ace
pet projects - votes ---- that is politics and political corruption. I have no idea why democracy and politics is socialism
We had a Republican WH - Treasury and Justice Dept and we did not exit
cash account - no borrowing
IRA or similar - no borrowing
Margin Account --- unless some companies have "strayed" --- the margin agreement always includes the account owner agreeing stock held in that account/margin can be borrowed by parent brokerage firm
Physical possession - no borrowing
And those other type "places" --- I suggest (have not read the agreements) that unless the agreement (account agreement or similar) says THEY can borrow - then no borrowing
very informative
and if he was over ruled - that IMO should end it --- at his level and at the level above him
i.e. it is COURT decided in our favor
Do I read your post correcttly?
THANK YOU
What is this litigation or is it a repeat of some old stuff?
THANK YOU FOR THE LINK
yup
he has his finger on the pulse of the problem
not enough physical land ??
WTF ??
who is paying him to say such silly stuff
?
just because something is written -- article ? book ?
Tons of stuff - lies - opinions stated as facts - have been written in articles and books
Good Morning - for me
I have suggested a temporary suspension of the FEES to reduce rates on mortgages to the end user
Your post noted ---
......on how the gse's would help more houses being built, better loan rates,
can you elaborate with specifics ? Whether we like it or not - best I can see - the GSEs have a GOV risk back up and are doing well for profit - consumers - banks who use them.
what would being free do to lower rates ?
again - I have suggested my approach that I know would work and fast
??
It was sneaky
It was hidden IMO -- in plain sight - but hidden
kept reading for H
then saw the NKLA truck and remembered the BEV
cool - as it seems the company setting up charging stations - uses the NKLA BEV? (it so appears branded)
if x and social media could get a story out on how the gse's would help more houses being built, better loan rates, and a housing market free from government control,
I could see this turning into a AMC reddit movement and force the gov't's hand to release the gse's.
YES YES
I have argues such for months and years - to each President
IMO Reality is F and F (free) do not have the biggest stick in reducing cost of mortgages-period
But as noted before a SPLASH - GOV will not charge its usual FEE - no fee - suspended for one year - to LOWER cost to almost every buyer would IMO stimulate activity and be a super PR win
I will say ---- I 100% disagree that F and F being in conservatorship has LED TO THIS HOUSING Crisis --- that is the FED and a free market where - without some GOV hand out - builders will never build lower cost-price houses when they can maker more money in a free market by building higher cost - price homes - for which there is still a huge market. This is not GREED this is Fair Market Capitalism. Those of us who lean left - inside democracy and free markets - would LOVE to see GOV hand outs - help to those builders (but that action will be called Socialism or Communism and those not getting help will bitch "THEY THEY" (immigrants - minorities - lazy - patronage) get it all - even when designed say on a lottery !!!
Note off
While FNMA is likely not eligible for any sort of margin or shorting
it is a standard method of preventing hypothecation/borrowing of shares --- in a regular margin account - by placing high PPPS GTC offer = such shares can not be hypothecated (nor can any shares in an IRA)
After hours "pps" is some trade from EARLIER in the day - posted late
Has no meaning
Now - one can go to otcmarkets and see a B x A of 1.44 to 1.45 which indicates --- nothing has really changed
agree
from $1 to $25-$40
now - per school - to get an expected value - one multiplies that $25-$40 by the probability of freedom without dilution
odds of freedom without dilution? I have no idea --- but if diluted say to 20% ownership - 4B shares total - then it is still upside to 6 - 10 -- ?
so I hold with instructions to kids to not sell until either worth a bunch or zero
not time to buy
IMO - not time to sell either
I can enjoy that post
but - you can also change to
1. Too many women and minorities in ..
2. How do we get F and F to pay for the wall
3, Housing Industry causes waves of undocumented workers to invade
I understand what you are suggesting
Which then suggests either they really want say a 5 or 10 dollar stock NOW or want to sneak in the growth in number of shares they can issue - as they see the need for cash
on the other hand - most of those SR EXECS own millions and millions of shares -- as do all types of workers --- and a RS (at least say for a year after it happens?) ---- will knock off 30% of the value of what they own (made up % - and indeed if they invest and produce with the "needed" cash - this winds up in multiple years as good)
why is anyone buying now ? and how low can the PPS go ?
?
is it not 1.6B right now?
Agree it is early and ugly
I do wonder if the LAWYERS said it was a must ---- e.g. if it was discussed as part of a written senior staff meeting agenda
I can see Lawyers forcing this
but it is ugly in its design
lost a post
1. I hate the timing. But most of us thought Girsky was good until Friday. The smell - stench - of this PR to me is LEGAL. I would bet the lawyers made NKLA announce as soon as this was discussed at any C Suite type meeting --- it had to go public . It sucks but it may ? have been necessary
2. The new share cap of 1B --- that makes me furious --- ESPECIALLY as they do not announce a suggested RS ratio ---- but they have their new higher authorized share count
WE
what does this mean - to you
At the joint venture Bosch Hydrogen Powertrain Systems (Chongqing) Co., Ltd., Scholz learned about the hydrogen powertrain products and fuel cell powertrain solutions, and experienced the assembly of hydrogen fuel cell power modules.
Seriously - they have a joint venture --- COOL --- and it takes a visit to see what THEIR joint venture is producing?
i.e. I love that Bosch is expanding and getting tech and maybe lower cost production ---- but for the love of me - I do not see how a visit to an existing JT VT means anything new??
Help?
I would wager - as I am not a securities lawyer - that if they do a 5:1 RS - then their authorized count -- if nothing changes is 320,000,000 - MAX of the new shares
They specifically ASK us to vote yes on 1B shares
Going up from 320MM to 1B is authorizing massive dilution
It was specifically asked --- 1B NEW SHARES
stay
1. Yes - RS does NOT .... but history of other stocks says - its 5:! odds that the higher price attracts short sellers and boom the higher price is cut by 20-25% before you have time to type a message. RS suck for current holders - but if they need it - they need it. (MY hope is that as fiduciary they are setting things in place SHOULD they need it AND WANT IT)
2. They are setting new total authorized shares at 1B - down from 1.6B. But that is new shares. So in old shares they are asking for permission to issue up to say 5B shares if its a 1:5 RS --- that is crazy and scary and they will then have > 2X the shares available to dilute
So the RS does not dilute - but history of stocks that do that is - figure 20-25% loss within a week - on the new price (THAT would not happen IMO and with history - if they waited and WE got > $!) . Damage acceptable
So the ask for 1B new shares authorized -- wow that sucks. Now - if for example - they issue 300MM more shares and every penny is used to build out a new factory --- that could be good. But if they need say 400M to EXTEND Their NOW expected negative cash flow runway coverage - that sucks
I would prefer 1-for-5, which would leave the AS at approximately 360,000,000, which seems reasonable. Even if after they add 130,000,000 we still have 490,000,000 which is tolerable, as long as there is not continued dilution after adding the other 130M shares.
but the" as long as there is not continued dilution after adding the 130m" ----- see how they set MAX # of shares at 1B
what do you think about future dilution ---- IMO it is a given
the question - 200M (about what I expected with the 1.6 limit ---- or now 500Million which is really 2.5 old
Summary
the RS sets us up for damage - but does not in and of itself dilute us ----- just our higher price will be attacked
the 1B share request - at 10:1 sets us up for dilution over and over and over and over - that is the part that is insane
the RS can wait
the new request for a crazy number of new shares should be rejected
This is from a single holder who voted yes on the last double of shares they could sell - knowing they needed that 1/2 Billion dollars to get production up to say 200-300 a year -- AT current factory
Please read what NKLA wrote
Post the reverse split - they want the capacity to issue 1B shares
Assume a 10:1 RS and its damage - which I guess repairs in a year
But - at 10 to 1 - there are 160MM shares out there and NKLA is asking for authority - with same vote to then issue 840MM more 10:1 shares
They are asking for authority - hidden in the RS news - for massive dilution
Time to vote no on round one - until they get more specific - give us news on Q2 production results - and reduced the potential for dilution from this insane level they are asking for
agree
the potential is massive
will we ever reach it ?
?
lose credibility on other info with seriously wrong sentence
The Biden Administration is defying the U.S. Supreme Court to forgive government guaranteed student loans,
?
SCOTUS ruled that a particular super large program - as designed in $ and people included in broad fashion --- was beyond EO capacity (i.e. you can not do that size program of that type as Executive Order )
SCOTUS did not say forgiveness in smaller $ and people focused on specific situations by nature of the subject exceed POTU EO capacity. They did not say POTUS can not forgive ---- just not that program with its huge size and $ cost
From SCOTUS BLOG - a key source
By a vote of 6-3, the justices ruled that the Biden administration overstepped its authority last year when it announced that it would cancel up to $400 billion in student loans. The Biden administration had said that as many as 43 million Americans would have benefitted from the loan forgiveness program; almost half of those borrowers would have had all of their student loans forgiven.
In a world where truth and facts are a click away - I can not believe how many "sources" simply lie
WTF ???
Nikola also seeks to increase the common stock available for issuance under the Nikola Corporation 2020 Stock Incentive Plan by 130 million shares. This proposal cannot be enacted unless the reverse split proposal is approved.
?
so this move to 1B shares is MORE shares not less - and they are hiding a dilution inside the RS announcement --- although this is what they publicly said per that article?
?
Not sure how this impacts housing - other than super super expensive stuff foreigners buy
but - very very very unusual for GOLD - SandP - and Dollar to all be up and up at same time
Maybe the rest of the world - compared to us - is really FuNKed up
U.S. dollar heads for best week in 18 months
?
can that attract foreign cash to our banks to allow lower interest mortgages?
YES
The pressure grows - in an election year for sure --- for using F and F to reduce mortgage rates or at minimum do a HUGE PR on how it will happen
Again - I can give up the FEE for 12 months (as it does not accrue to us anyway without LP growth) --- to get an immediate 1/2% or more drop in interest rates to the consumer ----- WHY JOE does not do it - I do not know (Then again no POTUS has done "it:)
But the pressure is high now
It is an election year
The GSEs are fat and making a ton
All lead to the logic to suspend the fee --- but ?
politics WAY WAY aside
BIG BANKS are our number one two and three ENEMY for big role for F and F
Regional and local banks and credit unions and such (other types of lenders) are HUGE and BIGGER supporters of big free F and F
anyone want to argue?
So Economy is that hot ? (other than seriously few periods of so called UGLEEE stagflation) inflation is > demand than supply for key or most goods and services. This happens with artificial dampening on supply - COVID --- but AFTER THAT --- > demand for "stuff" is not found other than in hot economies
If you want to say the economy is insanely hot - and GOLD buyers so believe and further believe it will continue hot and hotter --- then we have grounds for an interesting discussion. The idea presented by FOX and MAX that the economy is in a recession and inflation is high and GOLD is high - is not logical at same time
we will disagree
and as noted in an Article about Maine - the legal immigrants continue to lower the age of our workforce (a ton of us whites are retired or retiring - fact) - which will provide more cash INTO social and Medicare coffers --- AND legal immigrants are filling gaps in labor force created by those retirements - here in the Lobster business from A to Z
the FEDERAL cost is no where even close to your number - but we will disagree (as you think it costs more than all Veteran benefits to 10 million people or 20 - combined
the LOCAL math is more interesting to those doing breakeven analysis - costs and benefits. It is State and County and City taxes that pay for the school for tons of migrant kids - and special programs to help them learn English fast (Historically the kids learn English before the Parents). The social welfare costs like housing are likely church - charity or state and local for the most part.
Real Data will come out in a year. Note - re crime - it has been studied since WWII (and before in major cities) . Fact - illegal immigrants - who fear ANY encounter with authorities commit much less crime than "citizens." it is only logical - so massive crime waves are a canard told to Americans to harden our hearts and hate others.
I doubt - all of us combined - make up a massive voter bloc - as compared to say the top institutional bank holding company in Europe
But - as one who did vote YES to more shares because the need for more cash was clear ---- here - on the RS - on round one - I plan to vote my shares as NO (even if it is mightily worthless )
note
I assume - ??
As NKLA issued more shares - and issued debt convertible to shares -- that the old TM has a shrinking and shrinking % of ownership
Anyone care to confirm or argue with data?
I thought he was suing already !!!!!!! when I posted about that
As a message - it is just a baby complaining - in public
they did not reduce authorized count
that count will be in "new shares" - as I read it
So 1B is say 2B if its 1:2 RS
I do not believe they reduced the authorized number (as how can the 1B be in current shares when there already are 1.33B shares outstanding)
I will vote no ---- for sure no on first round as we do not need a RS now and maybe with a solid Q2 in sales we will not need it
Dumb to announce now --- but maybe as Fiduciary for shareholders the company has to announce all potential plans
just to keep things even - as F and F wait Biden action or for some DJT election because of the letter
on inflation -- that number is half what you said last time and is on the money - looks good
but - again - note the below
Wages in the United States increased 5.77 percent in February of 2024 over the same month in the previous year. Wage Growth in the United States averaged 6.19 percent from 1960 until 2024, reaching an all time high of 15.28 percent in April of 2021 and a record low of -5.89 percent in April of 2020. source: U.S. Bureau of Economic Analysis
April 2020 minus 6% (of course that is covid more than Trump but ...)
April 2021 plus 15% (of course . that is post covid rebound more than Joe but..)
Summary -- inflation of 10% over say 3 years but wages flat - no growth is very bad - 10%
Summary - inflation of 19% over x (3?) years but wage growth about 15% over x (3?) years ---- is 4% negative divided by three years. That is the wrong direction but not headline. That net minus is what counts at the grocery store and gas station. Looking at just inflation or looking at just wage growth is always misleading --- just a question of which direction
Re the new news today
yuk - and now its late
but - it does seem like nonsense - seriously IMO nonsense in terms of proving ill intent or whatever
Personally - what bothered me for a while - but I did nothing - is Girsky was there for the shit Milton did
So I thought Milton figured he had nothing to lose and was going to go back and back and back in time
This is ugly - but the relative recency and the wording that management scapegoated MILTON says this is very distracting unfriendly SMOKE -- to me
At this point - I can hold as it is already viewed by me as 100% 2-3 years out speculative that can go to zero
Holding back on my instinct to add more - based on similar history experience with dreams
But what I have in it - that stays -- FOR ME (retired with Social Social Pension and enough in cash and index funds to last us)